Sep 24, 2017 Last Updated 2:27 PM, Sep 22, 2017

New Entry From the Editor :

Rio Tinto commits further $3.15 billion to shareholders in buyback programme

Rio Tinto commits further $3.1…

AusBN - Rio Tinto has announced it will distribute a further AUS$3.15 billi...

BHP surges back to profit thanks to increased prices and improved productivity

BHP surges back to profit than…

AusBN- BHP demonstrated a strong financial performance for the last fiscal ...

Toys R Us to trade as usual in Australia despite filing for bankruptcy

Toys R Us to trade as usual in…

AusBN - Toys R Us has confirmed it will continue to operate as normal in Au...

Manufacturing grows for sixth consecutive month

cars1AusBN – Australia’s manufacturing industry grew for a sixth consecutive month in December, marking the longest unbroken run of growth since 2010.

The Australian Industry (Ai) Group’s Performance of Manufacturing Index slipped by 0.6 points to 51.9, but in staying above 50 this indicates expansion.

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Whyalla Steelworks to lose 250 jobs

steel rodsAusBN – OneSteel has announced that it will cut 200 jobs and 50 contractors from its Whyalla Steelworks over the next six to eight months in order to cut costs.

A statement from the company said the cuts were necessary because labour costs are the biggest proportion of the steelwork’s production costs.

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