Climate denialists on both sides of politics can rail all they like, but thermal coal is increasingly unviable and miners want out.
Good morning, early birds. BHP is preparing to destroy between 40 and 86 historic Aboriginal sites, and the OECD forecasts that Australia will effectively lead the developed world out of the global recession. It's the news you need to know, with Chris Woods.
We're told that all that stands between the world's largest businesses and a massive, job-creating investment splurge is a large pile of post-tax profit. Oh... hang on...
The Business Council of Australia has major problems, with chair Grant King bailing out on a short-lived board position with BHP, and CBA head Ian Narev struggling with the money laundering crisis, Bernard Keane and Glenn Dyer write.
Elliott Management Corporation had been pushing originally for BHP to collapse its dual listings on the London and Australian sharemarkets. Now Elliott has changed its proposal.
Wages growth is so low it is underperforming budget forecasts, which is bad news for the budget -- and the BHP result will add to Treasurer Scott Morrison's woes, Bernard Keane and Glenn Dyer write.
The company that owns the ASX is going from strength to strength. Plus other business tidbits of the day.
What exactly would an iron ore inquiry achieve other than satisfy the populist cravings of a government that once cheered on the big miners? Bernard Keane and Glenn Dyer explain.