Fortescue Metals Group has more than tripled its half-year profit to a record $US1.71 billion, as cost cutting measures and expansion plans pay off for the world’s fourth largest iron ore miner.
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North Queensland coal export terminals close as cyclone approaches
Glencore and BHP have suspended shipments at their ports as Cyclone Dylan bears down on the North Queensland coastline.
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Iron ore export revenue soars, coal prices fading
Australia will earn over $21 billion from iron ore exported in the last quarter of 2013 with the steelmaking ingredient set to make more than double the revenue of coal.
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Galilee Basin mining to create 15,000 jobs: Campbell Newman
Queensland Premier Campbell Newman said opening up the Galilee Basin to mining would be worth $60 billion and create 15,000 jobs, stating it was a top priority for his government.
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Group calls for the immediate rejection of proposed coal loading project
Environmental group GetUp have released a video showing children playing on a coal covered beach in Indonesia, a reality they claim will come to fruition in North Queensland if a coal port development is allowed to go ahead at Keppel Bay.
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Iron ore miner bullish about price
According to BC Iron’s managing director, iron ore prices will remain above $US100 a tonne for the next two years, with the expected cash cow to come off the back of stabilised prices labelled as “money for jam”.
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Glencore’s upgraded export berth a boon for local suppliers
Glencore says the development of Berth 8 at the Port of Townsville has injected more than $20 million into the North Queensland economy.
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Port Hedland breaks iron ore export records, again
Port Hedland has posted another record month of iron exports to China, with 25.2 million tonnes of the steel making ingredient that sailed away easily beating the previous record highs of 23 million tonnes set in both May and June this year.
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Stable iron ore price a boon for miners
Australia’s iron ore miners have added over $65 billion to their value over the last financial year as the crash in iron prices failed to materialise.
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Australia’s prosperity depends on mining
A leading professor of economics says if Australia didn’t have such a rich reserve of resources the nation would be the poor white trash of Asia.
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Environment Minister to visit Abbot Point as decision on approval looms
Federal Environment Minister Greg Hunt will visit Abbot Point coal terminal today as the decision to approve or reject its proposed expansion draws closer.
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Federal approval delayed for $15b Arrow LNG project
Federal approval for Arrow Energy’s $15 billion Curtis Island LNG plant has been delayed as Federal Environment Minister Greg Hunt takes more time assess the potential impacts of the project.
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Port Kembla coal terminal workers to share in $2.5m after court win
Seventy-eight people who worked at the Port Kembla Coal Terminal between 1990 and 2005 will receive an average of $30,000 worth of superannuation payments each after a hearing in the NSW Industrial Court.
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Mr Bechtel himself touches down in Gladstone
The CEO of Bechtel touched down in Gladstone this week to inspect the three LNG projects being constructed by his company on Curtis Island.
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Long-awaited production to start at CITIC’s Sino Iron mine
CITIC Pacific has announced it is moving into the initial production phase at its Pilbara Sino Iron project, following four years of delays and billions of dollars of budget blowouts.
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SA iron ore pipeline to boost exports
A $5 billion infrastructure project proposed for South Australia will help boost iron ore exports to more than 100 million tonnes per year, the state government says.
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Mining exports could balance investment slowdown
Economists are saying a pick-up in mining exports can counterbalance the mining sector downturn in the future.
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$15b Arrow LNG project approved
Arrow Energy’s $15 billion LNG project has been granted state approval by the Queensland Government.
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Port Hedland breaks iron ore export records
Port Hedland has posted another record breaking year for iron ore exports which are up by 40 million tonnes.
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The world’s first floating LNG plant taking shape: Shell
Shell said the development of the world’s first ever floating LNG project is taking shape, with the company confident production will begin in 2016.
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