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Bathurst expects first coal from Denniston in March
Nov. 26 (BusinessDesk) – Coal miner Bathurst Resources expects to win first coal from its open-cast Escarpment mine on the Denniston Plateau in late March or early April next year, says managing director Hamish Bohannan. Bathurst gained Environment Court backing for the heavily...
Tower full-year profit, swelled by assets sales, falls 38 percent
Nov. 26 (BusinessDesk) – Tower, which sold its health, life, and investment units to become a pure general insurer, posted a 38 percent drop in full-year profit even as it booked a gain from the sales, as expenses growth ran ahead of revenue. Profit was $34.4 million in the yea...
NZ dollar rises to fresh five-year high against Aussie dollar
By Tina Morrison Nov 26 (BusinessDesk) – The New Zealand dollar rose to a fresh five-year high against the Australian dollar overnight on expectations the local economy will continue to outperform that of its closest neighbour. The kiwi touched 89.99 Australian cents last night...
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