The Palaszczuk Government has rushed legislation into State Parliament to protect it from the potential of a multimillion-dollar bill in the case of a permanent shutdown at Clive Palmer’s Yabulu nickel
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1200km rail upgrade supply deal likely to go to Arrium
Malcolm Turnbull and the Australian Rail Track Corporation have announced a 600km East-West rail replacement program will be brought forward, and have positioned South Australian steelmaker Arrium to provide
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Moody’s downgrades FMG, Russian billionaire sells shares
Russian billionaire Viktor Rashnikov is thought to have sold just under a sixth of his roughly 5% stake in Fortescue Metals Group, while credit agency Moody’s has downgraded the miner’s rating.
The
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Palmer back at the helm of Queensland Nickel
Mining entrepreneur turned politician Clive Palmer says he’s saved the Yabulu refinery from bankruptcy, injecting $23m in cash to keep the Townsville nickel plant open.
According to the ABC,
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Fortescue surges on iron ore price, Vale talks
Fortescue Metals Group has enjoyed a significant share price bounce this week after it announced joint venture talks with Vale, and news from China drove iron ore prices upwards.
ASX shares in Fortescue
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Iron ore makes historic bounce, but will it last?
Analysts are doubting the long-term significance of a 19% rise in the price of iron ore on Monday, which boosted Australia’s iron ore majors on the stock exchange.
The spot price for 62% Fe benchmark
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Graphite junior Triton goes into administration
Concerns over near to medium term funding have led the board of graphite junior Triton Minerals to put the company into voluntary administration.
“After conversations the managing director had with third
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Bradken has fund support, as former boss works on Moly-Cop buy
Former Bradken chief executive Brian Hodges is said to be working with the US private equity firm looking to acquire Arrium’s Moly-Cop grinding media business.
Hodges left Bradken – an ASX-listed manufacturer
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Two killed, five missing at Glencore Congo mine
Switzerland-based multinational Glencore has confirmed the deaths of at least two people, while five more remain missing, at its KOV open pit copper mine in the Democratic Republic of Congo on Tuesday.
The
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Iron Road, Emerald Grain to work together on joint port project
Prospective iron ore miner Iron Road and agribusiness Emerald Grain have announced a partnership which will help deliver a combined iron ore and grain railway and port operation at Cape Hardy on South
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