Latest from Commodities

Shareholders plan action against gold miner
Australia's largest gold miner is facing a class action from shareholders over its massive financial writedown.

Forest & Bird won't appeal mine decision
Forest & Bird (F&B) has pulled the plug after a two-year legal battle to stop Bathurst Resources' new Buller coal mine.

Mayor: Mine approval great for WC
Grey District mayor Tony Kokshoorn says the resource consent approval for Escarpment coal mine on the West Coast's Denniston Plateau is great news for the district.

Oil prices soar over Twitter war mistake
A tweet that appeared to suggest Israel had attacked Syria sent US oil prices soaring - until traders realised the post referred to the 40th anniversary of a war.

Search for oil in NZ hits top gear
A report into the oil and gas sector says the "rubber's finally hitting the road" with $2.2 billion about to be spent exploring around New Zealand.

NZOG sees need to find new fields
New Zealand Oil & Gas says it should have been developing new oil fields by now as reserves at its producing assets dwindle.

Govt opens forest to prospectors
The Government has opened up much of the volcanic plateau for gold and silver prospecting, including one of the largest tracts of native forest left in the North Island.

We did right thing by Pike River - NZOG
NZ Oil & Gas says it's satisfied it "did the right thing" following the disaster at its subsidiary Pike River Coal, as it posts an after-tax profit of $16.7m.

Chris Castle: Seabed mining claims red herrings
Let's get one thing straight. Chatham Rock Phosphate wouldn't be considering extracting phosphate nodules from a tiny fraction.

Mining boom could fall faster: RBA
Australia's mining investment boom could fall away faster than anticipated, but there's still uncertainty about how non-mining sectors will rebalance the economy.

Wayne Cartwright : Energy exploration debate missing the point
Rising oil and gas prices will make solar, wind and tidal energy, some types of biofuels, and even nuclear generation more attractive, writes Wayne Cartwright.

Gerard Morris: Cruel farce tears hearts of Pike families
The decision by the police not to lay criminal charges against Pike management again shreds the hearts of the victims' families, writes Gerard Morris.

Digging in for hard times as boom busts
Western Australia, the state that led the mining boom, is now bleeding, shedding thousands of jobs, sacking public servants, and battling a sharply declining economy.

Fran O'Sullivan: NZOG needs to fork out for Pike River
In her judgment against what was in many respects a phantom company on trial, Judge Jane Farish was clear about where the buck should stop, writes Fran O'Sullivan.

Frank Duffield: Compelling reasons to search for untapped resources
Herein lies the opportunity for NZ, writes Frank Duffield. Its resource base is largely underexplored, and world-scale natural gas discoveries are quite possible.

Petrol price set to rise
Motorists will face petrol price rises tomorrow, with a three cents a litre government tax increase, pushing total tax on petrol to about 42.7 per cent of the pump price.

PR spin costs Solid Energy $48k
Well-connected lobbyists Saunders Unsworth worked with Solid Energy, Treasury and Cabinet Ministers to thwart questions about the company's problems.