Top mining companies are reaching near boom time profits, with net profit up 126 per cent in the past year, a PwC report has found.
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Mine rehabilitation could create thousands of jobs
A mine rehabilitation reform campaign has recommended the introduction of an independent authority to rehabilitate abandoned mine sites, which could create thousands of jobs in mining precincts that were
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GE and Komatsu announce extended 10-year partnership
Komatsu and GE have announced a ten-year partnership agreement to provide electrical remanufacturing services for mining equipment and vehicles.
At Komatsu’s Welshpool facility in Perth, GE will apply
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Commodity update for Q3 2016
A breakdown on how the major commodities have performed this year, and which are shaking off the slump, and those still in a trough.
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Bradken board backs Hitachi takeover bid
Bradken’s board has supported a takeover bid worth $689 million from Japan’s Hitachi Construction Machinery.
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St Barbara to buy back debt
St Barbara is carrying out a US$57 million notes buyback to drive down its debt levels.
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Swings and roundabouts: China, coal and our budget deficit [opinion]
What does a coal miner’s working roster in China have to do with Australia’s export income and the well-publicised budget deficit? Quite a bit it turns out.
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Iron ore oversupply to grow worse
The current iron ore market glut will only get worse in coming years as larger operators increase volumes and more mines come online.
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Coking coal prices to remain high
Coking coal volatility is off the cards, with prices likely to remain high after recent rallies, Goldman Sachs believe.
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BHP again slams mining tax proposal, calls Grylls ‘misleading’
BHP Billiton Australia’s head of minerals, Mike Henry, has slammed WA Nationals leader Brendon Grylls for providing ‘misleading’ information over the company’s finances following Grylls’ proposed mining tax.
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ASIC raids miner’s office
The Australian Securities and Investments Commission has carried out a search of Excalibur Mining’s offices over allegations of insider trading.
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Hughes Drilling enters administration
Contractor Hughes Drilling has appointed McGrathNicol as administrators.
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BHP CEO payout slashed
In the wake of its massive losses, BHP CEO Andrew Mackenzie has seen his payout halved year on year.
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How precious metal streaming works [infographic]
Metal streaming is providing miners with a new option to raise capital, but how does it work? This infographic breaks down the concept and how miners are utilising it.
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Estimating the ‘cost’ of fuel tax credits is a tricky business
In calling for an end to fossil fuel subsidies, critics of Australia’s fuel tax credits system have highlighted its cost to Australian taxpayers and the budget bottom line, but what are the actual costs?
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Westpac forecasts iron ore’s collapse
Westpac has predicted iron ore’s return to gloomier days, falling below US$40 per tonne next year.
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Glencore records slump in earnings
Glencore has recorded a 38 per cent slump in EBIT year on year.
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FMG’s ratings upgraded
Following its positive end of year results Moody’s has upgraded FMG’s credit rating.
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FMG reports profit as it continues to drive down debt
Fortescue has reported US$985 million in profit in its latest end of year results, a 212 per cent increase year on year.
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The state of metals: July 2016
An insight into how metals have performed the year to date, and how they move in the year ahead from Pallion Group and ABC Bullion general manager Nicholas Frappell.
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