The Australian sharemarket closed in the red on Tuesday, weighed down by mining stocks, which declined sharply for a second day after China’s latest economic package failed to wow investors.

Terrain Minerals has nailed what looks like a new gold discovery in WA’s Mid-West with its first pass drilling campaign that followed up on historic arsenic soil samples.

The corporate regulator is taking the embattled construction superannuation fund to court for not processing death and disability insurance claims in a timely manner, costing its members about $20 million.

Tennant Minerals has wasted no time getting back in the field after nailing a previous drill campaign in the Northern Territory with some big copper-gold hits.

If travellers are wondering why they are feeling a bit of a back-pocket sting of late, the ACCC has found “best discount economy” airfares have increased by up to 95 per cent since Rex’s collapse.