Fortescue Metals Group posted a record-breaking August with the export of more than 15 million tonnes of iron ore.
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Australian gold output up by 10 per cent
Cost cutting and a move to higher grade ores has seen Australia’s gold production rise 10 per cent over the past twelve months.
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Glencore’s Queensland coal mines up for sale
Japan’s Itochu Corporation and Sumitomo Corp are looking distance themselves from coal by selling their combined 45 per cent stake in two of Glencore’s Queensland coal operations.
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Metal concentrates resume export out of Indonesia
Indonesia has allowed two companies to export some metal ore concentrates after they agreed to pay a new 20 per cent tax.
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India’s coal shortage a boon for Australian miners
In what could be good news for Australia’s coal industry, India’s power plants are running out of stock, forcing the country to increase its import levels.
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Iron ore price recovers to above $US96
Iron ore has seen a price resurgence as China shuts down its high-cost mines and announces upbeat manufacturing data.
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Australia entering phase three of mining boom, 75,000 jobs to be cut
According to a new report by ANZ, 75,000 mining-related jobs are at risk as Australia enters “phase three” of the mining boom over the next few years.
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Dudgeon Point Coal Terminal cancelled
Poor conditions in the coal industry continue to hamper mining developments as North Queensland Bulk Ports cancels its Dudgeon Point Coal Terminal project.
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Over 1 million tonnes of iron ore leaves Port Hedland during single tide
Iron ore production is surging in the Pilbara with Port Hedland recording a new tonnage record for the largest departure of ore on a single tide.
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BHP Billiton to follow China on its next growth journey
BHP Billiton will invest heavily in energy and food as it follows China on its transition from a construction-led economy to a consumption power-house.
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BHP Billiton cuts 100 iron ore jobs
BHP Billiton has cut 100 jobs from its iron ore headquarters in Perth as the company continues to focus on cost and productivity gains amidst feeble commodity prices.
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“We’ll be OK”: Rio Tinto CEO says $20 a tonne iron ore production cost to shield against price volatility
Rio Tinto’s CEO Sam Walsh said the company is well-placed to ride out the current price rout gripping iron ore, but warned if the value plummets to $US80 a tonne, others would not be as lucky.
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Don’t bet against China: Andrew Forrest bullish about iron ore demand
As the value of iron ore fell further to prices not seen since 2012, a group of mining bosses, including Andrew Forrest, told a conference the price slump will be short-lived.
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Iron ore price continues to tumble
Iron ore has continued its slide south of the $US100 a tonne mark, dropping to $US96.80 overnight as China’s central planning agency said the country’s high steel demand period had passed.
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Port of Newcastle privatised in $1.75 billion deal
Hastings Funds Management and its backer, China Merchants, have won a bid to lease the Port of Newcastle for $1.75 billion.
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Intervene in gas market or lose 100,000 jobs: Manufacturing Australia
Manufacturing Australia has re-stated its warning that a lack of intervention in Australia’s gas market will see many industry jobs lost.
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Inefficient Chinese steel mills put on notice
The price of iron ore fell to an 18-month low as China signalled that it would cut off credit to inefficient steel mills.
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Iron ore price drop, skittish investors exit market
An 8.3 per cent fall in the price of iron ore hammered Australian miners yesterday as investors looked to unload stocks.
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Rio Tinto pushes Argyle pink diamonds into global market
Rio Tinto has announced its first rough diamond tender of 2014, including the extremely rare, pink stones from Argyle mine in Western Australia.
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Busting iron barons, the new industry for Mexican drug lords
Authorities have taken a massive seizure of illegally mined iron ore at the Mexican seaport of Lazaro Cardenas.
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