Mining & Resources

 

Qld's $16.5b Carmichael mine a step closer

The government has announced that Adani has reached an agreement with all landholders.

5:32 PM   The Queensland government is a step closer to granting global resources giant Adani a mining lease for its $16.5 billion Carmichael coal mine in the state's Galilee Basin.

Sodexo wins $2.5b FIFO contract with Rio Tinto

The FIFO lifestyle has changed for many mine workers over the past year, with many companies, particularly in the iron ...

Peter Ker 5:00 PM   Room upgrades and other ''user pay'' options could become common at FIFO villages, according to the company that will run Rio Tinto's iron ore camps for the next ten years

'The whole system is a scam'

Coal mines won the day in the debate over offsets.

Peter Hannam 2:55 PM   New documents show how coal firms won the right to claim planting of grass or trees on old mine sites as conservation offsets for future woodland destruction.

Exploration companies jump ship from ASX

Mining exploration expenditure has slumped to its lowest level since September 2006.

Tess Ingram 2:17 PM   Twenty-five mineral exploration companies abandoned listed life on the ASX in the December quarter as the commodity price rout continued to bite.

Every day is grand final day, BHP chief says

BHP chief Andrew Mackenzie says workers need to turn up ready for a grand final performance.

Jared Lynch, Amanda Saunders 12:40 PM   Every day is grand final day at work, BHP Billiton chief executive Andrew Mackenzie has told employees.

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Iron ore extends slide on China, supply outlook

China's crude-steel production for the January-to-February period dropped 5.7 per cent to 121.1 million tons from a year ...

Jasmine Ng 9:40 AM   Iron ore dropped for a sixth day as data showed Chinese steel production weakened further at a time when supplies from the biggest miners are set to increase.

BHP 'unprepared' for boom's end

MELBOURNE, AUSTRALIA - MARCH 15:  L-R BHP Billiton CEO Andrew McKenzie and Federal Treasurer Scott Morrison at the ...

Amanda Saunders 9:30 AM   BHP Billiton CEO Andrew Mackenzie says after the end of the 'greatest commodities boom', it's time reform workplace laws and taxes.

Palmer refinery gets tick from inspector

Clive Palmer's Queensland Nickel Sales has maintained a skeleton staff to operate the plant.

9:06 AM   Inspectors satisfied waste at refinery is managed appropriately.

Aussie tumbles on commodity prices

The Reserve Bank of Australia said in minutes of its March 1 meeting, released on Tuesday, that weak wage growth ...

Kevin Buckland 6:59 AM   The Australian dollar fell below US75¢ as commodity prices reversed and as global investors repositioned for higher US interest rates.

Mitsui to stay outside Bass Strait gas bloc

Exxon has partnerships in Bass Strait with BHP and Mitsui.

Peter Ker 6:07 PM   A small degree of competitive tension will remain in the Bass Strait gas scene, with Japanese conglomerate Mitsui E&P; confirming it will not sell its gas as part of a bloc with Exxon Mobil and BHP Billiton

Doray Minerals eyes benefits of sparkling gold price

Doray managing director Allan Kelly says the gold price could go to $2000 an ounce.

Tess Ingram   Doray Minerals managing director Allan Kelly says the Australian dollar gold price could climb to $2000 an ounce over the next few years, a development that would deliver robust margins for the gold miner and its local peers.

New law takes aim at Clive Palmer

Clive Palmer says five conditions must be met if his Yabulu refinery was to continue operations.

Amy Remeikis   The State Government has moved to force mine and refinery owners to pay for any environmental clean ups if their business goes bust, in the wake of Clive Palmer's Queensland Nickel fiasco.

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Fortescue rating cut one notch by Moody's

While Fortescue has reduced operating costs and used free cash flow to cut debt, Moody's said a "fundamental downward ...

Benjamin Purvis   Fortescue Metals Group has had its debt rating cut to two steps below investment grade by Moody's Investors Service.

Samarco bonds rebound on CEO's funding assurance

The notes sank to as low as 31 cents after a November 5 tailings-dam rupture unleashed billions of gallons of sludge ...

R.T. Watson   Samarco's bonds rose the most in seven weeks said it would be able to cover debt payments using its own cash.

Palmer makes demands before Queensland Nickel can reopen

Clive Palmer says five conditions must be met if his Yabulu refinery is to continue operations.

Cameron Atfield   Clive Palmer has issued demands he says must be met in order to save his embattled nickel refinery in light of the Queensland and federal governments having so far done nothing to help sacked workers.

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'Good feedback' from Palmer creditors

Sister City Partners director Mark Dunworth says Clive Palmer, pictured in Federal Parliament, is open to selling ...

Clive Palmer open to selling Queensland Nickel to creditors, workers.

Community bid to rescue Palmer refinery

Clive Palmer's Queensland Nickel refinery.

Sacked workers and creditors will meet today.

'A bit of honesty needed' from Palmer: Premier

Clive Palmer said there will not be any work for sacked Queensland Nickel employees for at least eight weeks.

Kim Stephens   Queensland Premier Annastacia PalaszczukÂ?has all but accused Clive Palmer of playing games with the government, as the future of 550 Queensland Nickel workers remains in limbo.

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Palmer's pressure to explain nickel plan

The new company, Queensland Nickel Sales  signalled Mr Palmer's re-entry into the venture last week.

Clive Palmer is under pressure to explain his plan for the embattled Townsville nickel refinery and whether hundreds of workers will be able to return to their jobs on Monday.

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The new Australian gold rush

Northern Star Resources managing director Bill Beament has ridden the cycle well.

Peter Ker and Tess Ingram   A new breed of Australian gold miners has engineered an renaissance that is winning the world's attention.

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Iron ore retreats from 'insane' advance

"The insane rise at the start of the week was irrational and is unlikely to continue," said Huang Huiwen, an analyst at ...

Jasmine Ng   Iron ore sank on Friday, adding to signs the record leap at the start of the week wasn't justified given the global market's poor fundamentals.

Jobs at Clive Palmer's nickel refinery in limbo

Earlier this month 237 employees at Clive Palmer's Queensland Nickel were sacked, and it has also emerged the company ...

Brian Robins   Jobs at Clive Palmer's Yabulu nickel refinery in northern Queensland were in limbo late Friday, awaiting a clear commitment they would be rehired.

Turnbull woos SA with gifts for the incompetent

Michael Pascoe

Michael Pascoe   Arrium's performance has been somewhat less than confidence-inspiring, but the Prime Minister is apparently happy to champion it.

Qld Nickel workers will be rehired: Palmer

Clive Palmer's Queensland Nickel refinery.

Licences 'no excuse' to sack workers, says Deputy Premier.

BHP, Vale prepare to reopen Samarco mine

Wasteland: The Samarco dam burst unleashed huge quantities of mud and waste that destroyed a nearby village and killed ...

Marta Nogueira   The miners expect to start production at its iron ore mine less than a year after its dam spill disaster, which killed 19 people.

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BHP slashes Canadian potash capex spend

Potash prices in the Gulf of Mexico have fallen 44 per cent over the past year to $US200 a ton, according to data from ...

Jen Skerritt   BHP Billiton is cutting spending on its Canadian potash mine by $US100 million amid the decline in global commodity prices.

Coking coal casts uncertainty over pricing

Pricing in coking coal is becoming more transparent than ever.

Angela Macdonald-Smith   A quiet revolution is threatening in coking coal, pointing to heightened uncertainty in one of the most conservative of markets.

Palmer's refinery workers to lose jobs

Clive Palmer must rehire refinery workers or they will lose their jobs.

Brian Robins   All remaining jobs at Clive Palmer's nickel refinery in northern Queensland are under threat.

Qld Nickel workers sacked

Clive Palmer's Queensland Nickel refinery.

Amy Remeikis, Brian Robins   The majority of Queensland Nickel employees have been sacked, with administrators alerting the workforce Friday will be their last day.

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The stock to buy if Trump wins White House

Brick by brick building up his prospects - and those of brickmaker Boral: Donald Trump's campaign continues to gather steam.

Peter Ker   Investors are starting to ponder what a Trump presidency could mean for the Australian sharemarket.