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OceanaGold to scale back Macraes mine operation, cut staff in face of falling gold price
By Paul McBeth Jan. 8 (BusinessDesk) - OceanaGold Corp, the Melbourne-based mining group, plans to scale back its operations and shed staff at the Macraes goldfield in Otago in response to a falling gold price, and has flagged smaller production and an impairment charge in 2014...
Summerset lifts fourth-quarter sales by 50 percent , annual sales top 400
Jan. 8 (BusinessDesk) – Summerset Group, whose shares have made more than three times the gains of the NZX 50 Index in the past 12 months, said sales of occupation rights jumped 50 percent in the fourth quarter from a year earlier. The retirement village operator had 60 new sal...
NZ dollar rises to three-week high vs Aussie as investors bet kiwi will outperform
By Tina Morrison Jan. 8 (BusinessDesk) – The New Zealand dollar rose to a three-week high against the Australian dollar overnight as investors bet the fundamentals for the kiwi are more favourable than for its Australian counterpart this year. The kiwi touched 92.98 Australian...
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