Embattled transport group McAleese has suspended trading on the ASX this week, and deferred the release of its half-year financial statement, as the company continues to undergo a “strategic process”
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FMG not concerned over Brockman’s rail access success
Fortescue Metals Group boss Nev Power isn’t worried about the repercussions of a WA Court of Appeal ruling which opens up access to FMG’s Pilbara iron ore line to prospective, Chinese-backed Brockman
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Report: Queensland Nickel needs $10m to avoid closure this week
Administrators for Townsville’s embattled refinery business Queensland Nickel have reportedly asked the state government for an emergency $10m loan to avoid closure by the end of the week.
According
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Restructuring, earnings slump drive Glencore to $7bn loss
Anglo-Swiss commodity and mining multinational Glencore has announced a US$4.96bn (AU$6.91bn) net loss in 2015, as it underwent an aggressive asset shedding process in an effort to manage its significant
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Kerr: Market not suited for top-tier asset acquisitions
Mining leaders and analysts say there is more pain to come for the sector before the big miners are able to scoop up assets from their struggling competitors.
In an interview with Fairfax this
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Iron ore chief out of BHP after multibillion-dollar loss
BHP Billiton will conduct a major shake-up to its leadership group after it announced a US$5.7bn (A$7.8bn) loss in the first half of the 2015/16 financial year.
The mega-miner announced the significant
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Arrium secures $1.3bn refinancing deal
Struggling steel and mining consumables manufacturer Arrium has struck a more than billion-dollar recapitalisation deal with American private equity firm Blackstone, in a move it hopes will help it manage
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Cost cutting helps BlueScope double profit in first half
Significant cost cutting measures and a favourable Aussie Dollar have led BlueScope Steel to a net profit after tax of more than $200m in the first half, a five-year high.
BlueScope’s NPAT figure
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Iron ore rebound downplayed by BlueScope, BHP
Iron ore has closed at more than US$50 a tonne for the first time since October 27 this week, after a slight slowdown in iron ore production was met with increased output in the Chinese steelmaking sector.
The
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Anglo looks to exit Australian coal
Mining multinational Anglo American could sell all of its Australian coal mines as part of a US$3bn-US$4bn asset offload process, the company announced this week.
Anglo American chief executive Mark Cutifani
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