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.
Fortescue has struck a deal with workforce management solutions company ComOps to deploy fatigue risk management software in its pit to port operations.
Fortescue Metals Group CEO Nev Power says the company is on track to sell a stake in its Pilbara port and rail assets by the middle of this year.
Millions of dollars worth of iron ore flows in and out of Port Hedland every day, and the pilots responsible for moving the carriers into place take on a massive responsibility.
Rio Tinto has made another step toward expanding its Pilbara iron ore assets, with a new shiploader recently installed at the Cape Lambert port.
Rio Tinto is preparing to deploy eight more driverless trucks on its iron ore operations in Western Australia.
Atlas Iron is close to securing a deal that could see it gain access to Fortescue Metals Group’s rail line in the Pilbara, according to a Bank of America Merrill Lynch analyst.
The new company will take on Apollo’s iron tenements in WA and SA while Apollo will retain its base metals interests.
BHP Billiton has been fined $130,000 for the death of a worker in Port Hedland.
Fledgling Pilbara iron ore miner BC Iron has annouced its managing director, Mike Young, will be stepping down in May.
Civil and mining contractor, Brierty Limited has received a notice of award to undertake its first contract for Atlas Iron Ore Limited.
Flinders Mines has made a significant step toward making its Pilbara mining project a reality, with a spate of new contracts recently signed with Chinese steel mills.
Monadelphous has been awarded a $260 million construction contract for Rio Tinto’s Western Turner Brockman project.
Rio Tinto will expand its iron ore operations in the Pilbara with a $3 billion dollar investment set to create more than 2000 jobs in the region.
A new report examining the impacts FIFO has on the community was released last month exposing the downsides of using a transient workforce, Vicky Validakis reports.
Fortescue Metals Group has blamed a drop in iron ore prices last year for its 40 per cent fall in first-half profit.