Remote outback town to host $420 million solar thermal project

Worries about Chinese economy and rising tension surrounding North Korea brings fear trade to mining and industrial metals.

Activist investor Elliott's proposals to break up BHP are riddled with “major flaws” and could end up costing far more to implement than they would save, the company said.

Analysts expect BHP to argue that a demerged petroleum business would need to fund offshore growth projects by raising debt. It may also contend that a stand-alone division won’t have the same ability to defer production until oil prices improve.

Coking coal price has doubled in two weeks – storm damage to rail lines could affect Australian exports for another four weeks.

The fall was driven by a flood of shale natural gas supply and renewable power increasingly displacing coal, the International Energy Agency (IEA) said.

Shipments will start almost nearly three years after the two countries signed an export deal for peaceful power generation.

Company says the associated risks of spinning off about $22 billion of its US oil assets and listing them in New York would significantly outweigh any potential benefits.

Mineralization was discovered at La Niquelina in 1944, with modest production from a small underground mine in the early 1950's.

By the end of 2017, Yancoal Australia may become one of the top three coal producers in this country.