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.
Mining
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.
WA mines may close if iron ore drops below $US80
IRON ore prices are set to hit a fresh five-year low, but experts are divided on the outlook for Australia’s most important commodity.
Ebola ‘can’t sustain itself’, expert tell mining conference
THE Ebola outbreak ravaging West Africa will be contained because the disease kills people too quickly to sustain itself, an infectious disease expert says.
PUP deal dooms mining tax
CLIVE Palmer has done a deal with the Federal Government that will tie his vote to repeal the mining tax to other measures such as the School Kids Bonus.
Hey India, what’s mined is yours
AUSTRALIA set to sign deal with India to boost uranium mining industry, potentially bringing in billions of dollars and creating thousands of jobs.
What if the mining boom didn’t happen?
OPINION: What would Australia look like today if the mining boom had never happened? A new study offers a glimpse into how our wallets would have been worse off.
China hits back at Clive’s rant
BEIJING has hit back at Clive Palmer over his explosive spray against China. What’s it all about? Money, of course.
BHP lifts profit to $14.93 billion
MINING giant BHP Billiton is spinning off its aluminium, coal, manganese, nickel and silver assets into a new company.
Golden star: The rise of Northern Star
It has been a turbulent period in the history of WA’s gold sector, but for one Perth producer the past year was a golden opportunity.
BHP still pumping iron at record rate
BHP Billiton is expected to report a bumper full year profit after achieving a 15th straight year of record iron ore production.
Mine did not report huge acid spill
A PRIVATE copper mine had the audacity to not report a massive acid spill. And now the acid has flowed into a river that supplies water to thousands of people.
Australia, it’s time to sit up and take notice
IT IS the ticking time bomb that could trigger another financial crisis and almost every working Australian is exposed to it. You have been warned.
Rio dividend hike not a certainty
RIO Tinto shareholders warned to temper any excitement about a major dividend hike despite the miner’s bumper rise in profit.
Mega marquee for Diggers gala dinner
NORTHERN Star Resources chief Bill Beament named Diggers and Dealers’ “dealer of the year” at WA’s largest remote dinner.
Road paved with gold for explorer
A MINING firm that grew six-fold after a big gold discovery believes there is “plenty more to come”. | Skimpies spook bank
Paydirt with last roll of the dice
THREE years ago, Mark Bennett was unable to get a hotel room to attend Diggers and Dealers. Then came the discovery of a lifetime.
Gas to help FMG repay $2b debt
IRON ore miner Fortescue to pay down more than $2b in debt as it looks to save $400 million by converting its operations to gas.
Thousands sacked as miner collapses
MORE than 3500 workers have lost their jobs after a mining services company was placed into administration.
BHP iron ore tops 200 million tonnes
RESOURCES giant BHP has produced record volumes of iron ore and coal after lifting its output of both commodities 20 per cent.
Mining tax to stay … for now
IT got a win with axing the carbon tax, but the Abbott government hasn’t had the same luck with the mining tax. And it has Palmer United Party Senators to blame.
Debt-laden FMG to buy eight ships
FORTESCUE plans to spend $550 million on ships but the investment ‘will not affect’ its strategy to pay down $7b in debt.
Abbott: We can’t mine without Japan
THE mining boom in WA’s iron-ore rich Pilbara region could not have happened without Japan, Tony Abbott said on his whirlwind tour of the area today.
Secret $700m deal ripping us apart
A SECRET $700m deal; the most feared Aboriginal organisation in Australia; and a clan feud. This is the conflict tearing our land apart.
FIFO war: 8000 threaten strikes
A $60 billion project could grind to a halt as 8000 Queensland-based fly-in fly-out workers face off against a global construction giant.
Local indigenous backing for fracking
AN Aboriginal community that staged Australia’s most famous oil drilling protest supports a plan to frack for gas in the area.
BHP sacks 500 iron ore workers
HUNDREDS of WA iron ore jobs lost as BHP Billiton slashes costs, while the Premier admits it’s not a great time for mining.
BHP sacks 500 iron ore workers
BHP Billiton will cut 500 Australian jobs out of its iron ore business as part of a plan to cut costs as iron ore prices fall.
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.
Shell sells most of Woodside stake
WOODSIDE will spend nearly $3b after Shell announced it would sell most of its stake in the WA-based oil and gas giant.
Shell sells most of Woodside stake
WOODSIDE will spend nearly $3b after Shell announced it would sell most of its stake in the WA-based oil and gas giant.
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 cuts 100 Perth iron ore jobs
MINING giant BHP Billiton has cut about 100 staff from its iron ore division headquarters in Perth.
BHP still bullish on China growth
MINING giant BHP Billiton is confident about Chinese growth despite acknowledging there could be a bumpy ride ahead.
New rail plan to boost Pilbara miners
AURIZON’S plan for a multi-user rail line through the Pilbara could benefit many iron ore miners.
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.
Shipments, costs up for Fortescue
FORTESCUE Metals Group boosted its iron ore shipments by 15pc in the March quarter but its costs also rose in the same period.
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?
Woodside Petroleum profit falls 41 per cent
OIL giant Woodside Petroleum’s profit fell 41.4 per cent in its full year results. But it still made a mammoth $1.94 billion.
Original URL: https://www.news.com.au/finance/business/mining/page/32