Palmer company loses port court battle
CLIVE Palmer’s Mineralogy has lost its long-running court battle with its estranged Chinese joint venture partner over the Cape Preston port in WA.
Mining
Coal mining giant’s bitter fight
AUSTRALIA’s biggest mining company, BHP Billiton, is in a perilous fight with angry locals over one of its most prominent projects.
$16.5 billion coal mine shot down
ENVIRONMENTALISTS have won a court case putting another roadblock in front of the controversial Carmichael coal mine in Queensland’s Galilee Basin.
Miners team up to promote WA’s gold heart
WEST Australia’s gold miners have joined forces to ‘champion’ the industry on day two of the Diggers & Dealers conference in Kalgoorlie.
Gina to ‘give half her fortune away’
WELL, no one saw this coming. A bitter legal dispute between the mining billionaire and her children may end in a massive payday for complete strangers.
Pilbara miner seeks return to trade
TROUBLED Pilbara miner Atlas Iron will resume trading shares from Monday.
Bad weather hits Rio Tinto production
BAD weather has achieved what rival miners and senior politicians have failed to do — rein in Rio Tinto’s iron ore production.
‘Secret’ heiress’s $25 million victory
SHE was the forgotten daughter of a mining magnate. Now she’s claimed a slice of the family fortune, and broken her silence.
‘F***ing useless’: Giant mine no one can stop
IT’S a $1 billion project that will swallow up 4000 football fields’ worth of prime agricultural land. And despite angry protests, no one appears to be able to stop it.
‘She made the dream come true’
HER kids slammed it as a “PR exercise”, but a rare, interview with Australia’s richest citizen, Gina Rinehart, posed an interesting question: Should we take more pride in her achievements?
Pilbara iron exports up, price drops again
IRON ore exports from Port Hedland, the world’s largest iron ore port, hit a record high in June as prices continue to fall.
The other side of Australia’s iron lady
SHE’S Australia’s richest woman – and one of its most private. Now a new documentary is set to show a different side to Gina Rinehart – and it features a most surprising Aussie singing her praises.
Shocking trend in this tiny US town
WHEN midwife Donna Young noticed a shocking trend of babies being born with fatal defects in her small town, it kicked off a Erin Brockovich-style crusade against powerful vested interests.
Gina wants workers to take pay cut
AUSTRALIA’S richest woman, Gina Rinehart, wants employees at one of her mines to accept pay cuts.
BHP cuts 140 jobs in Adelaide
BHP Billiton is cutting about 140 jobs in South Australia, mostly from its Adelaide support operations.
Slimmer Atlas ready for iron storm
ATLAS Iron boss David Flanagan is ready to battle the “blizzard” with plans to raise $180 million.
FIFO crisis: ‘mine rosters must change’
MINING companies are under pressure to change fly-in, fly-out rosters following warnings in a parliamentary report into mental health issues. Have your say
Atlas founder Flanagan rolls up sleeves
ATLAS Iron founder David Flanagan is preparing to steer his troubled company through uncharted waters with the support of loyal contractors.
‘I have two children to feed’
HE once blew $5000 of union money on prostitutes, now ‘desperate’ former Labor MP Craig Thomson has taken a surprise new job to make a buck.
Huge slump in construction work
THE amount of construction work completed in Australia had its largest fall in almost 14 years, dragged down by a record slump in the mining sector.
‘BHP, Rio lobbying’ killed inquiry
ANDREW Forrest says Australians are being left in the dark following the rejection of his parliamentary inquiry into the iron ore price. | Iron ore inquiry backdown
Worker killed at WA gold mine
A CONTRACTOR working at gold miner Newcrest’s underground mine at Telfer in WA’s north has been killed in an accident on Friday.
Fortescue job cuts ‘heartbreaking’: Twiggy
FORTESCUE Metals Group is cutting up to 100 jobs a day, founder Andrew “Twiggy” Forrest has confirmed.
Iron ore price fall not our fault: Rio
RIO Tinto has defended its massive iron ore expansion against accusations it is responsible for the commodity’s price falls, and is confident in China’s demand for the next decade.
No near-term deals for BHP spin-off
BHP Billiton’s spin-off South32 is keeping its eye out for opportunistic mergers and acquisitions but is in no rush to seal any deals, chief executive Graham Kerr says.
Miner’s ‘heartless’ worker treatment slammed
THE Australian Workers’ Union says Fortescue Metals Group treated its long-term workers ‘appallingly’ in the wake of about 200 redundancies.
Gina Rinehart opens up on ‘new kids’
AUSTRALIA’S richest person, Gina Rinehart, is famously estranged from at least two of her own children — but she has news for them: there are some new kids on the block.
Gold miner fined after steel mesh incident
AGNEW Gold Mining Company has been fined $75,000 for failing to provide a safe working environment after an incident that seriously injured three workers at a WA mine.
My mum ‘the fatty’: son’s brutal emails
THE dirty laundry just keeps piling up. Bitter court brawl between Gina Rinehart and her children now reveals nasty nicknames they had for her behind her back.
Kintyre uranium mine gets federal stamp
CANADIAN uranium producer Cameco has secured federal environmental approval for its Kintyre project in remote WA.
BHP breaks ranks on iron ore
IT was only two sentences in a quarterly report but a significant split has occurred between Australia’s iron ore giants — BHP has signalled it is slowing its expansion.
Macmahon to axe another 40 jobs
LOSS-making mining services contractor Macmahon will cut another 40 staff and alter its corporate rosters to cut costs.
BHP slows iron ore growth
BHP Billiton has shrugged off price worries to lift iron ore production guidance for this year by two per cent to 250 million tonnes but has delayed growth beyond that.
Atlas Iron seeks suspension extension
ATLAS Iron has asked for an extension to its share trading suspension as it continues carrying out a review and talking with creditors and contractors.
Miner losing $9 for every iron ore tonne
LOSS making iron ore miner Arrium’s cost cuts are failing to keep pace with plunging prices, putting its hopes of a brighter end to the year in doubt.
Mining wages may soon be under pressure
IRON ore giant Fortescue Metals’ roster restructure is likely to be replicated across the industry as weak prices force deep cost cutting.
The hell that’s right here on Earth
LYING hidden in a little-known corner of China is a town that will horrify you, yet it’s responsible for many of the luxuries we take for granted today.
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.
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.
Falling iron ore causes more pain
AUSTRALIA’S iron ore miners are bracing for more pain as confidence in the sector plummets and prices plunge to fresh five-year lows.
BHP to cut 90 jobs from Nickel West
MINING giant BHP Billiton will cut 90 jobs from its Nickel West business in WA, after being unable to find a buyer for the business.
Fortescue serene amid iron ore price falls
UPDATE: FORTESCUE Metals concedes that the plunging iron ore price has been worse than it expected, but the miner insists it has several levers to pull if things get worse.
BHP scraps WA nickel business sale
BHP Billiton has scrapped the sale of its WA Nickel West business after failing to attract a buyer.
Juniors suffer as iron ore hits new low
AUSTRALIA’S junior iron ore producers are under renewed pressure as the price of the steelmaking commodity fell to a fresh five year low.
BHP attack a ‘power trip’: Opposition
WA Premier Colin Barnett is bringing WA into disrepute over his criticism of BHP Billiton and Rio Tinto, the opposition says.
BHP production up but prices down
MINING giant BHP Billiton has started the fiscal year with large jumps in iron ore and coal production that could test shareholders’ resolve.
BHP to cut costs by 25 per cent
BHP says it will cut costs at its iron ore mines by 25 per cent but insists the recent price falls have not changed its view about healthy long-term demand.
Palmer pulls pin on Chinese mine
CLIVE Palmer’s Mineralogy has moved to terminate CITIC Pacific’s rights to mine his iron ore in Western Australia, casting doubt over an $8 billion project.
Premier admits Budget surplus fading fast
UPDATE: AFTER vowing never to preside over a deficit Budget, Premier Colin Barnett admitted he may have to break his promise as iron ore prices plummet.
Oil’s first family turns its back
HE WAS once the world’s richest man thanks to his vast fortunes made in oil. Now his descendants are turning their backs on the industry that made them wealthy.
BHP Billiton to cut 700 jobs
MINING giant BHP Billiton has announced it will cut around 700 jobs from its Queensland coal operations amid tough market conditions and low prices.
Japan’s demand for gas to change WA’s resources boom
EXPERTS predict the value of Australia’s LNG exports to Japan will rise by as much as 360 per cent to $66 billion within a few years.
Iron ore chief tips 50-year boom after bust
THERE is at least another 50 years worth of strong demand for WA’s iron ore from China, according to Fortescue Metals Group chief executive Nev Power.
More BHP iron ore jobs to go in Port Hedland
BHP Billiton says some staff will be made redundant from its Port Hedland iron ore operations but won’t confirm reports jobs have already been axed.
Fatty FIFO foods pack on the kilos
FLY-in fly-out workers are more overweight than the average Australian man and at greater risk of chronic diseases due to their on-site diet, research reveals.
It’s a million-dollar diamond giveaway
AN AUSTRALIAN mine has given away millions of dollars worth of super-rare rough diamonds this morning.
Iron ore miners take hit as price tumbles
THE price of Australia’s major export has dropped to fresh lows in China, causing shares in local miners to plunge.
Original URL: https://www.news.com.au/finance/business/mining/page/31