finance

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 badly affected by the downturn. According to a leaked Queensland Government report, tax payers will be forced to pay $3.2 billion in coal mine rehabilitation costs … Continue reading Mine rehabilitation could create thousands of jobs →

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 expertise to the remanufacturing of wheel motors, alternators and grid blowers for Komatsu mining trucks through Komatsu Reman. Together with GE, Komatsu will improve its Reman build … Continue reading GE and Komatsu announce extended 10-year partnership →

A breakdown on how the major commodities have performed this year, and which are shaking off the slump, and those still in a trough.

Wood Mackenzie breaks down the latest developments in FLNG, and trends ahead for the industry.

Bradken’s board has supported a takeover bid worth $689 million from Japan’s Hitachi Construction Machinery.

St Barbara is carrying out a US$57 million notes buyback to drive down its debt levels.

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.

The current iron ore market glut will only get worse in coming years as larger operators increase volumes and more mines come online.

Rio Tinto has begun yet another debt reduction program, launching a bond purchase program for up to US$3 billion.

Coking coal volatility is off the cards, with prices likely to remain high after recent rallies, Goldman Sachs believe.

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.

The Australian Securities and Investments Commission has carried out a search of Excalibur Mining’s offices over allegations of insider trading.

Contractor Hughes Drilling has appointed McGrathNicol as administrators.

In the wake of its massive losses, BHP CEO Andrew Mackenzie has seen his payout halved year on year.

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.

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?

Westpac has predicted iron ore’s return to gloomier days, falling below US$40 per tonne next year.

Glencore has recorded a 38 per cent slump in EBIT year on year.

Following its positive end of year results Moody’s has upgraded FMG’s credit rating.

Fortescue has reported US$985 million in profit in its latest end of year results, a 212 per cent increase year on year.