Top five mining stories last week

Iron ore.

Stay on top of the most popular stories on Australian Mining over the past week, including a review of the fall in iron ore prices since July.

Iron ore’s dream run comes to an end

Deloitte has identified the rise and fall of iron ore, the impact of the United States-China trade disputes and gold’s record run as the three key trends affecting the commodity market.

Naming its review ‘Under the iron sea’, Deloitte national mining leading partner Ian Sanders noted the recent sharp sell-off in iron ore as a sobering reminder of how quickly things can change in the volatile world of commodities. Read more… 

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NRW emerges as leading bidder for BGC Contracting

NRW Holdings has confirmed it has been selected as the preferred bidder to buy BGC Contracting.

The company, responding to media speculation, stated it was looking to pursue opportunities to further diversify its income and enhance shareholder returns, which has included discussions with various parties, including BGC Contracting. Read more…

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Downer reviews future of mining business

Downer Group chief executive Grant Fenn is mulling over the future of the contractor’s mining business, stating that it is “very capital-intensive.”

The company announced in August that it was undertaking a portfolio review to identify any opportunities for realignment. Fenn confirmed that the mining business became a focus area. Read more…

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Caterpillar puts new XE range on show in Perth

Caterpillar has displayed its latest wheel loaders, articulated trucks and other equipment at the 2019 national Load and Haul event in Perth.

The event was centred around Caterpillar’s new XE range, including the CAT 988K XE and 972M XE wheel loaders. Read more…

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Macmahon settles Telfer dispute with Newcrest

Newcrest Mining has increased rates for Macmahon Holdings’ work at the Telfer gold mine in Western Australia, putting an end to their contractual dispute.

Macmahon had been seeking an increase in revenue from the Telfer contracts to recover the additional cost of operating under changed conditions, including volume changes and manner and sequence of mining required. Read more…

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