In 2022, the mining industry will see relaxed commodity prices, action on net-zero plans and the continued struggle of rising labour costs, according to Wood Mackenzie.
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Northern Star continues production growth, tripling cashflow
Northern Star Resources’ cashflow has surged in the June quarter as the company’s organic growth strategy in Western Australia's Goldfields has come to fruition.
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Kin suspends Leonora gold construction
Kin Mining has suspended construction of the $35 million Leonora gold project in Western Australia due to fears of a significant cost blowout.
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Skills gap becomes key challenge despite rising industry confidence
The dark days of mining’s downturn may be over but the industry’s leaders now have different challenges to grapple with, according to Newport Consulting.
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Leighton could ditch John Holland amid structure shake-up
Leighton Holdings has released the strategic blueprint which will form its new business model, and says that sell-offs or mergers are likely in its aim to streamline.
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Mine expansions at fault for falling iron ore prices, says Glencore Xstrata chief Ivan Glasenberg
GlencoreXstrata chief Ivan Glasenberg has blamed mine expansions for the drop in iron ore prices, not for the first time schooling the majors in supply and demand.
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Leighton reiterates need to cut costs, change structure
In his first shareholder address, new Leighton Holdings’ CEO Marcelino Fernandez Verdes said cutting costs and accelerating change at the company was a top priority.
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Aurizon plan to dump enterprise agreements in Qld
Rail freight company Aurizon has accused the unions of wanting to retain ‘outdated’ working conditions as it moves to terminate 14 enterprise agreements in Queensland.
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Greens accuse CSG industry of “abandoning its own workers”
The Greens have accused the CSG industry of abandoning its workers after Arrow Energy cut 250 jobs from its Queensland operations this week as it attempts to manage costs.
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Shell sells its stake in Wheatstone project
Shell has sold its stake in the Chevron-operated Wheatstone LNG project for $US1.13 billion as it looks to refocus its investments amid massive profit downgrades.
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Chevron to clear more land on Barrow Island
Western Australia's Environmental Protection Authority has given Chevron permission to use an extra 10 per cent of A-class land on Barrow Island as the company pushes to finish its Gorgon LNG project.
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Rio Tinto flags a further 20 per cent cut in spending
Rio Tinto has revealed 3800 jobs have been shed across its business since June 2012 as the company says it is making tough decisions to deliver greater value to shareholders.
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Australia less competitive on global stage: Shell
Shell has again flagged that the high cost of doing business in Australia is affecting the nation’s competitiveness, urging the federal government to step in.
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New research to unlock “stranded” oil and gas fields
Engineers at the University of Western Australia are vying to improve the cost structure of Australia’s energy sector with new research into the foundations of deep-sea oil and gas pipeline infrastructure.
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High costs threaten to stall LNG plant investment
Arrow Energy’s $20 billion plan for an LNG plant on Curtis Island could be halted as its parent company Shell balks at Australia’s increasingly high development costs.
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BHP dumps oil exploration project
BHP has dumped plans to explore an oil and gas well off the The Philippines coast as the company continues to pull out of energy projects not located in the US or Australia.
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Chevron pours cold water on Gorgon expansion
Chevron has confirmed the expansion of its Gorgon LNG project has been shelved until the total cost of firing up its three-train facility on Barrow Island is finalised.
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Major capital raising for Galaxy resources
Embattled lithium miner Galaxy Resources has raised the $12 million needed to close its capital funding push after shareholders pitched in with a $5 million lifeline.
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FMG to build Pilbara gas pipeline
Fortescue Metals Group are planning on cutting operational costs in the Pilbara by building a gas pipeline to link its Solomon and Chichester iron ore mines.
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Jobs to go at Aurizon
Rail operator Aurizon will cut costs by more than $230 million over the next two years in a move which will see job losses and property sales.
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