Engineering company WorleyParsons said it expects a rise in revenue this financial year even as the tough phase in the mining services sector continues.
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UGL cuts dividend as profits falls
A fall in profit has led engineering firm UGL to cut its final dividend by more than 80 per cent due to the mining slump.
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UGL to demerge, create two new companies
UGL have announced it will demerge to create two separate companies, a property services business and an engineering, construction, and maintenance firm.
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Bosses’ pay under radar as mining boom busts
Executive salaries are under scrutiny as the mining industry implements belt-tightening measures across its companies.
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Adapt or shut shop: Mastermyne head
Managing director of coal mining services company Mastermyne Tony Caruso has issued a blunt warning for its company: react and adapt, or shut shop.
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Downturn ‘shock to the system’ for mine workers
After being accustomed to a decade of the mining boom, experts believe mineworkers and managers will find it difficult to adjust to a climate of lower commodity prices.
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NRW next in line for profits downgrade
West Australian earth-moving firm NRW Holdings joins a list of mining services companies announcing a profit downgrade.
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Grim warning for mining services firms
As the mining boom shrinks, mining services firms will face the brunt of it and many companies could go under in 2013.
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UGL shares react to mining slump
Diversified engineering firm UGL is the latest to feel the heat of the mining slump, with a 15 per cent drop in it share price. The slump comes as the company issued an earnings downgrade.
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UGL slashes over 1000 jobs
Mining services company UGL has announced over 1000 jobs will be cut after its earnings guidance was yesterday downgraded.
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Monadelphous wins BHP contract
Monadelphous has won a $75 million construction contract for BHP's Jimblebar iron ore mine.
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