ASX-listed copper/gold miner Newcrest has announced a 27% reduction to its net debt during the 2015/16 financial year.
Newcrest managing director and chief executive officer Sandeep Biswas said the $800
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Samarco cuts into BHP result
The continued shutdown of BHP’s joint venture Samarco mine in Brazil has resulted in a 2% decline in the miner’s iron ore production in the 2015/16 financial year.
Samarco was closed after a tailings
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CIMIC slammed despite net profit
Shares in construction and contracting firm CIMIC have fallen roughly 20% in early trading, despite the company announcing a first half profit increase of 3.1%.
CIMIC, formerly known as Leighton Holdings,
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Rio not slowing down on iron ore
Mega-miner Rio Tinto has announced an 8% year-on-year increase in iron ore exports in the first half of 2016.
Rio, which delivers results based on the calendar year, released its first half production
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FMG exceeds iron ore guidance figure
Fortescue Metals Group has exceeded its guidance figure for iron ore exports in the 2015/16 financial year, reporting a total of 169.4 million tonnes shipped in the period.
The metals group had given prior
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Resources ministry goes to Nationals, Frydenberg gets merged role
The new-look Turnbull Ministry includes a new, 35-year-old resources minister, and sees former resources and energy minister Josh Frydenberg given a new, hybrid role.
Turnbull, whose Coalition party won
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Pay cuts on the table at Arrium
Arrium’s administrators are reportedly seeking a 17% pay cut in negotiations with workers at the failed company’s Whyalla steelworks.
According to a report in The Australian, administrators
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Roper River mine could reopen
A Sydney Morning Herald report this week suggests the Roper River mine in the Northern Territory could be set to reopen, after its liquidator reportedly found a buyer interested in restarting
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Holy GRail: Bidders line up for Glencore rail unit
Australia’s three major coal carriers are all reportedly in the running to acquire Glencore’s Hunter Valley rail business, known as GRail.
According to a report in the AFR this week, Aurizon,
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Queensland Resources Council boss to step down
Queensland Resources Council chief executive Michael Roche has announced he plans to step down later this year after more than 11 years leading the industry lobby.
Roche announced the news last week, saying
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