Fortescue Metals Group has deferred some expansions, sold assets, and cut hundreds of jobs in an effort to stay profitable.
Rio Tinto Pilbara iron ore head Greg Lilleyman has reaffirmed the miner’s commitment to the Pilbara as Fortescue and BHP cut back their operations.
Forge has won a $280 million contract to deliver power for Rio Tinto in the Pilbara.
Work on Gina Rinehart’s Roy Hill mine in the Pilbara is progressing slower than expected and is facing a further cost blowout to the tune of $1 billion.
Atlas Iron has blamed low commodity prices and the high Australian dollar for its full year loss of $114.6 million, but says it’s still bullish on the future of iron ore mining.
Pilbara miner Fortescue Metals Group has posted a 53 per cent rise in profits, and rejected claims the mining boom is over.
Iron ore miners Brockman and Atlas Iron have partnered with QR National to build new rail and port infrastructure in the Pilbara.
Calibre Group has been awarded a $150 million EPCM contract for Rio Tinto’s Yandicoogina iron ore mine.
BHP Billiton has signed a native title deal in the Pilbara that will deliver millions to traditional owners and clear the way for future expansions.
Fortescue Metals Group will soon use a satellite tracking system to help monitor train movements in the Pilbara.
CITIC Pacific mining has blamed weather delays, an “acute shortage” of electricians, and the inexperience of its lead contractor for delays on the Pilbara Sino Iron project.
Iron ore miners that do not use their full shipping allocations at Port Hedland may lose their allocation rights.
Deutsche Bank has joined a chorus of analysts calling on BHP Billiton to push back plans for its massive outer harbour development at Port Hedland.
Recent falls in iron ore prices are unlikely to worry Pilbara miners and changes in the market have made resources prices “less of a boys club,” according to a Sydney analyst.
The Illawarra region of NSW is set to host a jobs forum to help find 8,500 workers for Gina Rinehart’s Roy Hill mine in the Pilbara.
Rio Tinto has posted a 34 per cent slide in underlying earnings but says record performance on its Pilbara iron ore operations is helping it stay strong.
Fortescue Metals Group says pressure from the skills shortage is starting to ease as it focuses on completing construction of the Solomon Hub in the Pilbara.
UGL has won a $99.45 million contract for work at BHP Billiton’s Jimblebar iron ore mine.
BHP Billiton head of iron ore Jimmy Wilson has told staff to prepare for possible “extended project development timelines” amid rumours of job cuts at the company.
Speculation is mounting that BHP Billiton is eyeing job cuts in the Pilbara and is looking to curtail the Port Hedland outer harbour development.