finance
News
-
Mining profits surge near boom-time levels
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.
June 5, 2018 0 comment
-
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 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
October 28, 2016 1 comment
-
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 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
October 28, 2016 0 comment
-
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.
October 5, 2016 41 comments
-
The evolution of FLNG concepts and costs
Wood Mackenzie breaks down the latest developments in FLNG, and trends ahead for the industry.
October 5, 2016 0 comment
-
Bradken board backs Hitachi takeover bid
Bradken’s board has supported a takeover bid worth $689 million from Japan’s Hitachi Construction Machinery.
October 5, 2016 0 comment
-
St Barbara to buy back debt
St Barbara is carrying out a US$57 million notes buyback to drive down its debt levels.
October 4, 2016 0 comment
-
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.
September 28, 2016 0 comment
-
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.
September 28, 2016 0 comment
-
Rio Tinto launches debt reduction program
Rio Tinto has begun yet another debt reduction program, launching a bond purchase program for up to US$3 billion.
September 27, 2016 0 comment
-
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.
September 26, 2016 0 comment
-
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.
September 23, 2016 0 comment
-
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.
September 23, 2016 4 comments
-
Hughes Drilling enters administration
Contractor Hughes Drilling has appointed McGrathNicol as administrators.
September 23, 2016 19 comments
-
BHP CEO payout slashed
In the wake of its massive losses, BHP CEO Andrew Mackenzie has seen his payout halved year on year.
September 22, 2016 4 comments
-
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.
September 19, 2016 0 comment
-
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?
August 31, 2016 0 comment
-
Westpac forecasts iron ore’s collapse
Westpac has predicted iron ore’s return to gloomier days, falling below US$40 per tonne next year.
August 29, 2016 0 comment
-
Glencore records slump in earnings
Glencore has recorded a 38 per cent slump in EBIT year on year.
August 25, 2016 6 comments
-
FMG’s ratings upgraded
Following its positive end of year results Moody’s has upgraded FMG’s credit rating.
August 24, 2016 1 comment