An intense tropical low which formed off the Pilbara cost yesterday brought unseasonal heavy rainfall and wild storms to the region.
BC Iron is looking to grow and the company’s chief is eyeing good deals in the Pilbara as iron ore prices fall.
Mining giant BHP Billiton is selling a 15 per cent stake in its Australian Jimblebar iron ore mine to two Japanese trading firms, Itochu Corporation and Mitsui & Co for around $1.5 billion.
Fortescue Metals Group’s Infrastructure arm has drawn ire from Flinders mines for being secretive over its costing details.
A Port Hedland pub manager said business is booming since patrons were banned from wearing work uniforms.
In what comes as a reproach to iron ore companies fighting over rail access in the Pilbara, Colin Barnett said warring resource companies were holding projects up more than government red tape.
Pilbara iron ore producers could be in for an $18 billion annual revenue cut.
Fortescue Metals has told Brockman Mining it could charge the company up to $576 million a year to access part of its Pilbara rail line as third party access negotiations continue.
Atlas Iron said it will make a final decision on whether to build a new mine in the Pilbara by the end of next month confirming it had received final government approvals.
Mining giant Rio Tinto is looking at a 360 million tonne a year Pilbara iron ore export rate, hinting it will double the size of its Western Turner Syncline hub to 32mtpa.
Two of Australia’s largest unions will put aside their differences in an effort to re-unionise Rio Tinto’s iron ore operations.
BHP Billiton says its plan to expand the Jimblebar mine in the Pilbara is on track and will be completed by the first quarter of 2014.
NRW Holdings has won a $180 million contract at Rio Tinto’s Nammuldi iron ore mine in the Pilbara.
Rio Tinto has reached a significant milestone in its use of automated haul trucks in the Pilbara, announcing they have moved more than 100 million tonnes of earth.
Citic Pacific’s $10 billion Sino Iron project in the Pilbara has ran into more delays, with faulty equipment pushing back commissioning on a key production line.
Fortescue Metals Group CEO Nev Power has played down fears over falling demand for iron ore, and says prices for the key commodity won’t fall under $US120 a tonne for the foreseeable future.
The WA Corruption and Crime Commission has warned that the significant investment miners make in Pilbara communities has pressured local councils into delivering outcomes for resource companies.
Rio Tinto has posted record iron ore production for the march quarter, beating analyst expectations and keeping the miner on track to meet its full year targets.
Analysts expect Rio Tinto and BHP Billiton to post weaker production results for the March quarter after a spate of cyclones disrupted operations in WA and QLD.
Analysts say Fortescue Metals Group’s move to sell part of its port and rail assets could trigger a major re-rating in the miner’s stocks.