iron ore

BHP is moving ahead with development of the South Flank iron ore project as a potential replacement for production from the ageing Yandi operation in the Pilbara region of Western Australia.

The Western Australian Government has announced that port fees for mining companies will increase as part of a budget repair program, generating about $95 million for the state.

Hancock Prospecting chair Gina Rinehart has won the Excellence in Mining award at this year’s Prime Creative Media Women in Industry Conference and Awards.

Mining services company Brierty has confirmed that its Western Turner Syncline Stage 2 (WTS2) iron ore contract with Rio Tinto in the Pilbara region has been suspended and it has received a notice of default.

Atlas Iron is halting development of its $53 million Corunna Downs project in the Pilbara region due to the recent fall in iron ore prices.

Communications provider Swift Networks has won a material contract to design and construct a remote networking solution at Rio Tinto’s Hope Downs workers’ village in the Pilbara of Western Australia.

Lincom Group’s Powerscreen Warrior range includes high capacity, heavy duty, versatile machines capable of screening and separating a wide variety of material in the most challenging and demanding of applications.

Mount Gibson Iron has terminated an off-take agreement with Xinyu Iron and Steel Group because the Chinese partner did not comply with the terms of the arrangement.

The Tasmanian mining industry is investigating ways that will increase its competitiveness in a global marketplace on the rebound.

A Korean consortium, including leading steel-maker POSCO, has been chosen as the preferred bidder for South Australian-based iron ore company Arrium, which entered voluntary administration in 2016.

Rio Tinto plans to invest $30.9 million to complete the project feasibility study for the development of its Koodaideri iron ore deposit in the Pilbara region of Western Australia.

Pilbara Aboriginal business Pindari has been awarded a long-term facilities management contract by Rio Tinto.

BBI Group, which is developing the $6 billion Balla Balla infrastructure project in the Pilbara of Western Australia, has secured an agreement to acquire the Weelumurra iron ore asset from Mineral Resources (MinRes).

As the United States ponders the uncertain future of President Donald Trump commodities markets have benefitted, especially gold.

Consolidation in Australian mining has been subdued in recent years, but market conditions may have now reached a point where a revival in mergers and acquisitions (M&A) activity is set to emerge.

The outlook for mining in the Northern Territory is rising, with three operations receiving project facilitation agreements, helping them progress development.

Fortescue Metals Group has tapped into strong support from investors to complete a $US1.5 billion ($2.04 billion) bond offering.

The Pilbara Ports Authority has noted a total monthly throughput of 55 million tonnes (Mt) for April this year, a three per cent increase from the same month in 2016.

Rio Tinto has delivered a strong performance in 2016 despite the year’s challenging economic conditions, according to chairman Jan du Plessis.

Iron Road has received two key approvals from the South Australian Government that will help clear the way for development of the $4.5 billion Central Eyre iron ore project.