capital

John Robertson

Speaking at the Melbourne Mining Club on Thursday, the South 32 chief executive lamented the mining industry’s “poor track record deploying capital” without offering any insights into how the future might be different. Having already been the chief financial officer of the world’s largest mining company, he seemed to be... Show More

John Robertson

Franco Nevada CEO David Harquail held out hope of a mining industry rapprochement with pension funds in a recent Melbourne Mining Club address. Mostly (and unsurprisingly), he spoke about the virtues of funding though royalty streaming. More objectively, Harquail lamented the loss of pension fund support for mining development. This... Show More

Christopher Joye

In The AFR today I review a significant new speech by APRA's impressive boss, Wayne Byres, who cautions that the major banks' capital ratios will have to rise "somewhat higher"---contrary to claims they are done and dusted. Interestingly, Byres also said APRA would work to enhance "competition" where it can,... Show More

John Robertson

The Australian mining industry spent more on exploration and development in the last five years than in the 40 years before that. The most recent national accounts data from the Australian Bureau of Statistics (ABS) reinforce the evidence that Australia's mining industry has become an inefficient user of capital. Spending... Show More