Rio Tinto will ‘thrive’ despite falling prices
RIO Tinto chairman Jan du Plessis says falling prices are hurting rival producers but increased market volatility will actually help the mining giant thrive.
Mining
BC Iron should close WA mines
JUNIOR miner BC Iron should prepare to stop production in WA to help save cash if iron ore prices tumble further, analysts say. FORTESCUE ROSTER REJIG
Fortescue rejigs rosters as prices fall
FORTESCUE Metals Group has restructured rosters for mine workers in Western Australia’s Pilbara in its latest move to cope with plunging iron ore prices.
Ore slump eats into GST carve-up
NSW is expected to get a smaller than expected slice of the $57 billion GST pie because of the global collapse of the iron-ore price.
Atlas looks to sell assets as price falls
WA’S Atlas Iron is looking to sell assets as it launches an extensive review of its Pilbara operations and finances following steep falls in the iron ore price.
We’re about to lose a billion bucks
AUSTRALIA’S economy could be in for another massive blow, with the news that we’re about to lose billions of dollars. Here’s why everyone is worried.
The Aussie towns destroyed by China’s economic slowdown
THESE Aussie towns were booming. But now, they’re plagued by closed businesses, plummeting property prices and fleeing residents.
Fortescue slashes dividend as profit dives
FALLING iron ore prices have forced Fortescue Metals Group to slash its dividend after suffering an 81 per cent fall in first half profit.
Miner’s future uncertain after $870m loss
IRON ore junior Mt Gibson Iron is considering a move into other commodities after suffering a massive half year loss.
‘New plan’ as Rio Tinto orders wage review
PILBARA iron ore miners are among the nation’s best paid workers but Rio Tinto has told its workers that employee costs are one of a range of areas that must be cut.
The staggering amount Clive donated to… Clive
A MYSTERIOUS gentleman named Clive Frederick Palmer is single-handedly keeping the Palmer United Party afloat. An expert says he’s never seen anything like it.
BC Iron cuts deeper amid weak prices
PILBARA iron ore producer BC Iron is making deeper cost cuts as it weathers a falling iron ore price.
Fortescue cuts costs, stays profitable
FORTESCUE Metals has reassured investors it remains profitable despite the brutal slide in iron ore prices.
Worker dies at Pilbara manganese mine
A WORKER has died at Consolidated Minerals’ Woodie Woodie mine in Western Australia’s Pilbara region.
Is this going to stop mining?
A NEW threat to mining has emerged and is giving supporters of one of the largest mining developments in Australia a huge headache.
Roy Hill to be audited after safety scare
GINA Rinehart’s Roy Hill iron ore mine has been issued two prohibition notices over safety concerns.
Fracking valve deliberately damaged
A GAS valve at a fracking site in the Kimberley region was deliberately damaged, a preliminary investigation has found.
Fortescue boosts its iron ore resource
FORTESCUE Metals Group has increased its iron ore resource base by more than 300 million tonnes.
Looking into the iron ore crystal ball
WILL Australian iron ore producers get some relief next year after prices halved in 2014?
Poisoned food found at Rinehart mine
WA Police have sent extra resources, including forensic officers, to investigate a case of suspected poison found in food at one of Gina Rinehart’s Pilbara mines.
Staff, costs cut at BC Iron mine
BC Iron has slashed dozens of jobs at its West Australian mine and head office as it reduces costs amid weak iron ore prices.
FIFO worker: ‘I was on my way to retirement’
A FIFO worker has revealed how he went from a promising career and owning two properties, to losing everything in a six-month, $130,000 alcohol-fuelled bender.
The mining industry’s secret dirty laundry
HOTBEDDING. Almost one in four FIFO miners do it, and they’re not happy about it. One female miner shares her story.
Koolan Island mine workers stood down
UPDATE WORKERS at the Koolan Island iron ore mine will be stood down, as Conservation Council WA demands a ban on mining in the Buccaneer Archipelago.
Forrest forks out $11m on Fortescue shares
ANDREW “Twiggy” Forrest bought $11 million worth of shares in his Fortescue Metals Group when their value hit a five-year low this week.
China to strengthen iron grip in WA
CHINA’S Baosteel set to secure a big iron ore holding in WA after Mineral Resources failed to take control of Aquila Resources.
Fracking green light for Kimberley
THE WA government has decided to allow Buru Energy to frack for gas in the Kimberley without an EPA assessment.
BHP axes 170 jobs at Pilbara mine
UPDATE: UNION says workers have been treated appallingly as BHP Billiton announces it has axed 170 jobs at its Mt Whaleback mine.
BHP axes 170 jobs at Pilbara mine
UPDATE: UNION says workers have been treated appallingly as BHP Billiton announces it has axed 170 jobs at its Mt Whaleback mine.
BHP cuts 100 Perth iron ore jobs
MINING giant BHP Billiton has cut about 100 staff from its iron ore division headquarters in Perth.
How our mining giants can hurt us
A DOWNTURN in the market is prompting Australian mining giants to assess their future. This is what happened when Rio Tinto left one town.
Billionaires caught out in ugly Twitter war
WHEN a business deal goes bad, things get messy. When it’s billionaires on Twitter, it’s even worse. Check out this very public battle of the billionaires.
Welfare is not an infinite pit: Gina
MINING billionaire Gina Rinehart has criticised welfare recipients for dragging the country into debt and attacked the political left for spending her industry’s revenue.
Sorry about the explosion, here’s a pizza
IF A big energy company’s fracking wells exploded and burned in your town for five days, should you expect more than just a pizza voucher from the culprits?
BHP posts $US8.1bn profit
IF THERE’S any doubt about whether mining and resources are still potent forces, just check out BHP Billiton’s half-year profits.
Twiggy loses cattle station mine fight
BILLIONAIRE Andrew Forrest has lost the latest fight against mining on his cattle station in the Pilbara, with Onslow Resources given approvals
Woodside flags $400m writedowns
Woodside has warned of up to $400 million in writedowns ahead of its 2013 full year earnings result next month.
Mine reopens with fewer workers
COAL mine which closed four months ago, putting 300 people out of work, will reopen this month with a workforce of 50.
Ex-BP engineer convicted for obstruction
AN EX-BP drilling engineer has been convicted of deleting text messages to obstruct an investigation into the 2010 oil spill in the Gulf of Mexico.
Report says SA’s mining workforce to grow
A NEW report suggests 35,000 more jobs will be created in South Australia’s mining sector by 2030.
Gold prices down, so miners produce more
GOLD miners in Australia are targeting higher ore grades and producing more to combat weaker prices
Mining boom waste will haunt PM: Windsor
FORMER federal independent MP Tony Windsor has backed a union’s calls for a sovereign wealth fund to help share the benefits of the mining boom.
Second mining boom possible: Abbott
OPPOSITION Leader Tony Abbott says the coalition will help make a second mining boom possible if it’s elected.
Original URL: https://www.adelaidenow.com.au/business/companies/mining/page/24