Struggling junior Pilbara miner Atlas Iron has extended its equity raising campaign, citing strong demand from existing shareholders.
Atlas moved to close its Pilbara mines when the iron ore price dipped
Read More
Concern over China’s stricter coal testing
Businessman and federal MP Clive Palmer says Australia needs to take action over a move by China to heighten the strictness of testing on coal imports.
China has long tested imported shipments of coal
Read More
Read More
Vale’s cost cut welcomed by FMG
Brazilian miner Vale’s decision to cut 30mt of high-cost production has been welcomed by Australian producer Fortescue Metals Group, but with plans to replace that production with low-cost iron ore,
Read More
Read More
Pain in iron ore as price bounce ends
Australia’s iron ore miners have taken a hammering on the stock market, as the commodity’s market price returned to near-record lows this week.
Rio Tinto opened at $51.35 a share this morning, its
Read More
Read More
Miners not happy with ‘retrograde’ NSW changes
NSW coal miners are up in arms over the state government’s recent moves to toughen up the approval process for major mining projects.
The Baird Government on Tuesday released a draft amendment to NSW’s
Read More
Read More
Asciano deal triggers privatisation talks
The chairmen of Australia’s two biggest container ports have both gone on record this week, suggesting Brookfield’s $9bn bid for Asciano could trigger a bevy of infrastructure privatisation moves from
Read More
Read More
Spanish firm strikes deal with Ausenco
Brisbane-based engineer Ausenco has announced a strategic alliance with Spanish multinational construction firm Duro Felguera, with the two companies looking to work together towards global EPC opportunities.
A
Read More
Read More
BHP’s erstwhile potash prey becomes predator
As BHP Billiton re-jigs management responsibility for its Jansen potash project in Canada, arch competitor Potash Corp of Canada is proposing to buy a German rival.
Despite sinking US$3.6bn into its under-construction
Read More
Read More
Builder of Xstrata eyes Rio’s Hunter coal assets
Mick Davis, who grew Xstrata from a $500m stripling in 2001 to a $46bn behemoth by 2013, is looking to buy Rio Tinto’s Hunter Valley thermal coal mines.
Mick Davis formed private equity vehicle X2 two
Read More
Read More
Port Hedland housing dead
Mortgage re-possessions are in full swing in Port Hedland as the mining boom moves from the construction to production phases.
According to an article in the Australian Financial Review (AFR), distressed
Read More
Read More