FT.com - Energy Utilities Mining
FT.com - Energy Utilities Mining


Babcock board in question as shares plummet
Babcock & Brown, the embattled Australian investment group, is reviewing the future of its board and management in the wake of a fresh plunge in its share price

Xstrata suspends ferronickel mine
Xstrata said it had shut down a ferronickel mining and processing operation in the Dominican Republic for at least four months due to soaring energy costs and lower nickel prices

Upbeat Fresnillo says cost increases have peaked
Mexican silver miner, Fresnillo, said on Tuesday that rising costs and shortages of mining equipment were starting to ease and the group would start to feel the benefit in the second half of the year with International Northair Mines

BG opens new salient in Origin fight
BG Group has attacked Origin Energy, its Australian bid target, about its plans to set up a joint venture to produce liquefied natural gas, saying the venture would be threatened by delays and cost overruns

Origin in talks to counter BG offer
Australia's Origin Energy has renewed its rejection of a hostile A$13.8bn takeover bid from Britain's BG Group and says it has a shortlist of partners with whom it is discussing tie-up options as an alternative

Babcock & Brown Power hit by writedowns
Shares in Babcock & Brown Power fell 41 per cent after Australia's biggest listed electricity producer booked A$425m in writedowns relating to the sale of a plant and a recent acquisition

Buoyant BHP presses case for Rio takeover
BHP Billiton pressed the case for its proposed takeover of rival Rio Tinto as it unveiled record full-year profits

Australia's BlueScope profit up 27%
BlueScope, which makes flat-steel products for building and construction, said net profit before one-off items rose to $710 million for the year ended June 30

More transparency urged for energy companies
The business secretary says UK's big power groups should be forced to open their books to show how they generate profits, claiming that the lack of data holds back competition

BP sets timetable for talks on Dudley
BP is likely to discuss as early as next month whether Bob Dudley can remain chief executive of TNK-BP, its Russian partnership

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