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Lucky strike in outback WA could spark 'mini gold rush' for prospectors and miners - Dotemirates
12/09/2018

Lucky strike in outback WA could spark 'mini gold rush' for prospectors and miners

ABC Goldfields By Jarrod Lucas Prospectors and exploration companies seeking to strike it rich have been re-energised by the discovery of rare gold specimens at a mine in outback Western Australia.Some are saying it could spark a "mini gold rush" for a town down on its luck.In the days since the spectacular find at Kambalda, 630 kilometres east of Perth, a wave of excitement has washed over the nickel mining town which has been on its knees in recent times.One exploration company holding ground adjacent to the Beta Hunt mine, where $15 million worth of gold-encrusted rocks were found 500...


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Business News

16/02/2019

China-US trade talks ‘making a final sprint’

SHANGHAI: Chinese state media on Saturday expressed cautious optimism over trade talks between the United States and China, a day after President Xi Jinping said a week of discussions had produced “step-by-step” progress.Xi made the comments at a meeting on Friday with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin in Beijing, after a week of senior- and deputy-level talks.The People’s Daily, the official paper of the ruling Communist Party, said in a commentary that Xi’s meeting with US negotiators had affirmed progress made in previous talks and “injected new impetus into the next stage of the development...
16/02/2019

S&P affirms Turkey ratings, maintains stable growth outlook

ISTANBUL: Standard and Poor’s said on Friday it had affirmed Turkey’s sovereign ratings with a stable outlook, adding that the ratings could be lowered if it sees an increased likelihood of a systemic distress in the banking system.“We expect the Turkish economy to contract by 0.5 per cent this year, although there are major uncertainties surrounding this forecast”, S&P said, adding that the ratings could be lowered if growth weakens beyond its projections.“Even though financial market sentiment has improved and the lira has regained some ground since (August), we still expect the consequences will weigh on Turkey’s economic prospects in...
16/02/2019

WGEO, UNFCCC to establish centre in Dubai

DUBAI: The World Green Economy Oranisation (WGEO) and the United Nations Framework Convention on Climate Change (UNFCCC) recently signed a memorandum of understanding to establish a ‘Regional Cooperation Centre’ in Dubai, focused on the Middle East and North-Africa, to enhance the activities in the region.Saeed Mohammed Al Tayer, WGEO Chairman, and James Grabert, Director of Sustainable Development Mechanisms at the UNFCCC, signed the agreement during the 7th session of the World Government Summit.The signing was attended by Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, Waleed Salman, Vice Chairman of WGEO and Abdul Rahim Sultan, Director...

16/02/2019

ASX reporting season sees confidence waning as dividend growth slows

By business reporter Stephen Letts "So far, not too bad" is about where Australia's corporate reporting season stands, but this week is the big test.It is the busiest block of results with around 70 of the top 200 companies dropping mainly half-year numbers.It also should give a clearer picture about how things are going across the key consumer, industrial and resources sectors."Reporting season is 37 per cent of the way through — by market capitalisation — and so far most of the results are in-line at the EPS [earnings per share] line, while the hits and misses were split equally,"...
16/02/2019

Christmas Island believes it could be the next big tourist destination, but there's just one problem

AM By Tom Joyner As a remote tropical outpost teeming with unique wildlife, Christmas Island shouldn't have any trouble attracting visitors. Yet after more than a decade of hosting a detention centre that became the flashpoint for a divisive immigration policy, the island has an image problem.Today, a long — and as some say, unfair — association with immigration detention continues to be a thorn in the side of a growing industry: tourism.And with Prime Minister Scott Morrison announcing that the centre would reopen, misconceptions that irk locals like Alicia Hong, 19, seem unlikely to go away."When people ask me,...
16/02/2019

Airline Flybmi ceases operations

British regional airline Flybmi has cancelled all its flights and filed for administration, the airline has announced.The company said it had been badly affected by spikes in fuel and carbon costs and uncertainty over Brexit.The East Midlands-based airline operates 17 planes flying to 25 European cities.