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Mining

Yesterday

BHP mulls FIFO changes as rivals double rosters

Big miners were making major changes to their FIFO arrangements on Friday despite moves to streamline movement across borders.

  • Peter Ker

Rio rows through choppy waters with its iron oar

Iron ore's strength has allowed the mining giant to ride the coronavirus bumps in mineral sands, copper and aluminium.

  • Peter Ker

This Month

Iron ore miners set to profit from shutdown exemption

Fortescue Metals chairman Andrew Forrest's made a well-timed foray into the market to buy up the iron ore miner's stock.

  • Elouise Fowler

FIFO workers fear they're 'cannon fodder' for economy

The mining union has backed the government's plan to exempt miners from lockdowns, but concedes there are "significant issues" with FIFO working amid a pandemic.

  • Peter Ker

Miners told to keep digging as foreign rivals shut down

The government has urged Australia's mining industry to continue working, despite other nations like South Africa forcing its miners to join nationwide lockdowns.

  • Peter Ker
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BHP's iron strength amid rout

Strong iron ore prices are delivering strong cash flows to BHP despite the market rout.

  • Peter Ker

Miners urged to boost residential workforce amid FIFO pressure

New restrictions on movement between Australian states is further complicating life for resources companies reliant on fly-in fly-out workforces.

  • Peter Ker

'At least' $7.8b more needed to complete Rio's Mongolian copper mine

The Rio Tinto subsidiary expanding the Oyu Tolgoi mine needs to raise more than six times its market capitalisation to complete the project and pay its bills

  • Peter Ker

FIFO in a time of pandemic: too big to fail?

Australia's biggest export industries are heavily reliant on a fly-in, fly-out workforce. But can the model survive the lockdown forced by the coronavirus?

  • Peter Ker

BHP hiring 1500 workers to keep mines running

Mining giant moves to smaller teams, more workers to keep mines operating and export dollars rolling in.

  • Brad Thompson

Virus forces Newcrest to axe FIFO route

The miner will no longer fly Australian workers into its Lihir mine, in the first cut to the fly in, fly out industry that sustains Australia's resources sector.

  • Peter Ker

Rich lister's company in manganese deal with his brother

Mineral Resources has agreed to transfer ownership of manganese assets in return for a controlling stake in to a company headed by the brother of managing director Chris Ellison.

  • Brad Thompson

Fresh Vale setback buoys Australian iron ore miners

The biggest foreign rival to Australia's biggest export industry is facing more disruption to its iron ore shipments.

  • Peter Ker

Cashed-up Palmer turns hand to investment banking

Clive Palmer reveals plans to set up Perth-based investment bank as China's CITIC further boosts profits and pays him rich royalties from its WA iron ore operations.

  • Brad Thompson

Virus may extend Rio's Mongolian delays

Rio Tinto says work on its troubled expansion of Mongolia's Oyu Tolgoi mine has been further slowed by coronavirus mitigation efforts.

  • Peter Ker
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Alan Bond's grandson caught by market turmoil

Jeremy Bond said he had suspended withdrawals from two investment funds he operates to avoid being forced to sell in a "crazy" market.

  • Aaron Patrick

'30pc more dividend': BHP’s spread with London widens

BHP's Australian shares are trading at record premiums to the miner's London shares, and one trader believes it is a sign of local optimism amid a global rout.

  • Peter Ker

Market rout offers BHP a potash fast-track

The cost of acquiring a Canadian potash company is, suddenly, lower than the cost of building BHP's Jansen potash project, giving Mike Henry food for thought.

  • Peter Ker

Andrew Mackenzie joins Shell board in first post- BHP gig

Life after BHP will begin with a board role at oil giant Shell for the mining company's former chief executive Andrew Mackenzie.

  • Updated
  • Peter Ker

Forrest continues spending spree on Fortescue stock

The mining billionaire is buying his own stock with the market in coronavirus-induced free fall.

  • Brad Thompson