BHP Billiton has cut 100 jobs from its iron ore headquarters in Perth as the company continues to focus on cost and productivity gains amidst feeble commodity prices.
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Andrew Forrest beefs up iron ore business with abattoir acquisition
Iron ore mogul Andrew ‘Twiggy’ Forrest has bought iconic Western Australian beef company Harvey Beef in a deal reportedly worth $40 million.
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KPMG warned Forge Group of insolvency days before its collapse
It has been revealed that audit firm KPMG raised concerns that Forge Group may have been trading insolvent a week before the company’s collapse.
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Forge Group shareholders to receive squat
Ordinary shareholders of the collapsed Forge Group will receive no payments from the sale of the company’s assets, liquidator Ferrier Hodgson revealed.
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Creditors vote to liquidate Forge Group
Forge Group will be placed into liquidation after a vote by creditors and former employees in Perth.
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Forge Group may have been trading while insolvent
An initial report into what led to the collapse of Forge Group has found the company may have been trading while insolvent as early as November 2013.
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Atlantic workers unpaid as finance deal incomplete
Employees for vanadium producer Atlantic are still waiting for four weeks’ worth of wages as a finance deal with the company’s majority shareholder awaits finalisation.
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Investigation of Forge Group collapse underway
Forge Group administrators say it could take 12 months to investigate why the company failed and determine how much of the $800 million owed can be recovered.
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Class action levelled against Forge Group
Shareholders of Forge Group have been asked to participate in a class action against the company.
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Opportunities for contractor growth on the back of Forge collapse
Mining contractors say the collapse of Forge Group presents growth opportunities for other companies in the sector, with many vying to take over $1.5 billion in dumped contracts.
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Clive Palmer drops case to force CITIC into liquidation
Clive Palmer has dropped plans to force Chinese-owned CITIC Pacific into bankruptcy.
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Forge debts mount amid claims of iffy spending
The amount of Forge Group’s debt has risen to more than $700 million as claims surface that managers made questionable spending decisions in the months leading up to the company’s collapse.
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1300 Forge Group workers lose jobs
The Forge Group collapse has left 1300 people out of work as administrators confirm there is no money to pay employees.
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Forge Group goes into administration as ANZ withdraws support
Embattled mining services company Forge Group has gone into administration after ANZ Bank withdrew financial support for the business.
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Paladin Energy ceases mining as uranium price continues to fall
Perth-based miner Paladin Energy has put its Kayelekera mine into care and maintenance as sluggish as the price for uranium continues to deteriorate.
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Western Areas ups nickel guidance, reduces production costs
Perth-based nickel miner Western Areas says it will produce more ore for less cost as it upgrades its guidance by more than 2000 tonnes.
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Further scam allegations levelled against Australian Industry and Lifestyle Exhibitions
Australian Industry and Lifestyle Exhibitions and its owner John Webb are in the spotlight once more over alleged claims of dodgy dealings regarding mining exhibitions.
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Paladin Energy uranium mine sale expected in coming weeks
Paladin Energy said talks around the sale of its Langer Heinrich uranium mine were progressing as the price for uranium continues to deteriorate.
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Paladin Energy posts $40 million loss in September quarter
Perth-based uranium miner Paladin Energy has posted a $40 million September quarter loss despite recording an 11 per cent rise in production at its flagship operation.
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Shell’s world-first floating LNG plant coming together in leaps and bounds
Shell’s $12 billion Prelude floating LNG structure, being built at Samsung's Geoje Island shipyard in South Korea, has recorded another milestone with the vessel's hull completed.
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