Mining juggernauts Rio Tinto and BHP Billiton both announced record iron ore production rates this week, signalling miners are moving into a production and productivity improvement phase.
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BHP cuts Pilbara expansion budget
BHP Billiton has cut $US400 million ($AU434 million) from its Pilbara expansion budget, pulling back on its plans for a new blending and rail stockyard at Port Hedland.
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BHP Billiton smashes iron ore production record
Mining powerhouse BHP Billiton has smashed its iron ore production record for the 13th consecutive time, increasing its output rate to 217 million tonnes in the June quarter.
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Copper: The metal that will build our future?
As many base metals decline, one, copper, has a brighter future than others. Cole Latimer reports.
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Copper nowhere near peak
Existing copper resources can sustain increasing global demand for at least another century, new research has found.
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BHP fast tracks iron ore modernisation
BHP Billiton is fast tracking the modernisation of its Pilbara iron ore division, coinciding with the launch of its new remote operation centre in Perth.
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Man jailed for assault on woman at WA mining camp
A mineworker has been jailed for at least seven months for punching his “defenceless” girlfriend at a mining camp last year.
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BHP looking to cut Pilbara contractors
Iron ore operations in the Pilbara are set for a shake up as BHP renew efforts to cut costs by moving more service contracts in-house.
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Body count: 1000 mine jobs gone in a week
A slew of mining job cuts in Queensland coalfields this week has seen the tally exceed 1000.
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Rio to keep diamonds business
After pushing for the potential divestment of its global diamond assets, Rio Tinto has now opted to retain its assets.
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Revived Red Hill mine to create 3500 jobs
The Red Hill mining project in Central Queensland that was dumped last year has been revived, and could generate 3500 jobs.
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BHP bribery scandal not thoroughly investigated
Reports have today emerged criminal allegations that BHP Billiton employees bribed officials in Cambodia and China were not thoroughly investigated by the Australian Federal Police, with the matter instead being passed over to corporate regulator ASIC, which also ran no in-depth investigation.
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Downturn ‘shock to the system’ for mine workers
After being accustomed to a decade of the mining boom, experts believe mineworkers and managers will find it difficult to adjust to a climate of lower commodity prices.
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Finance sector downbeat on mining sector
The outlook continues to be gloomy for mining, with National Australia Bank rating it the most pessimistic industry of the economy.
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BHP confident Chinese growth will persist
BHP Billiton chief executive Andrew Mackenzie is confident China’s new economic policies will rebalance the country’s commodity demand, positioning it for sustained long term growth.
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Mining sector faces confidence crisis: PwC
Globally the mining sector is facing the flow on effects of uncertainty and a lack of confidence, a report has found.
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More steel price falls coming, iron ore producers told
Chinese steel producers are decreasing their production to more sustainable amounts, putting smaller West Australian iron ore projects at risk of price falls in the chief export commodity.
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The $150 billion mirage
Reading the papers this week you’d be forgiven for thinking that $150 billion has been ripped from our national coffers, helped along by the Prime Minister, ‘eco-activists’ and vast quantities of red and green coloured tape.
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Mining boom transitions to the next phase
With resource exports overtaking construction imports stage three of Australia’s mining boom has arrived.
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BHP awards SubZero $2m contract
Mining services company SubZero Group has won a $2 million dozer push works contract at BHP Billiton’s Mt Arthur Coal mine.
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