Edison Investment Research Ltd. hired three analysts in Australia and New Zealand to cover financials, energy and industrial companies as the London-based provider of research expands its team of 110 people globally.
BHP Billiton Ltd. Chief Executive Officer Marius Kloppers won’t let three failed investments worth more than $100 billion prevent further takeover attempts. Finding big, buyable targets will be the difficulty.
Record coal deals this year have slashed the number of potential targets in Australia, the world’s largest exporter. The combination of Whitehaven Coal Ltd. and Aston Resources Ltd. looms as the last prize standing.
Queensland’s government opened the initial share sale of its coal freight network, an offer that may be worth about A$7 billion ($6.5 billion) and become Australia’s largest since Telstra Corp. in 2006.
With Fortescue Metals Group Ltd.’s earnings poised to almost triple, companies looking for a gateway to ship iron ore to China can still acquire the Australian producer at half the valuation it fetched a year ago.
BHP Billiton Ltd. and Rio Tinto Group are set to pay higher taxes in Australia after Julia Gillard ’s Labor party today won support to form a minority government, following the closest election in 70 years.
Peabody Energy Corp. is leaving the door open for a rival bidder to step in for Macarthur Coal Ltd. by offering less for the Australian mining company than it did last year, even as profit is projected to double.