Sentences with phrase «iron ore miner»

Troubled iron ore miner BC Iron has sold its majority stake in the Nullagine joint venture to Fortescue Metals Group for just $ 1, along with some royalty payments.

Perth - based iron ore miner Atlas Iron has beaten its full year profit guidance after shipping 3.1 million tonnes in the June quarter.

The board of iron ore miner Pluton Resources has regained control of the company after its major shareholder, General Nice Resources, retired KordaMentha as receivers yesterday.

West Perth - based iron ore miner Mount Gibson Iron has flagged an $ 850 million to $ 950 million impairment after the company put its Koolan Island mine on care and maintenance in December.

THE state's biggest iron ore miners are forging ahead with expansion plans as most report solid performances for the final quarter of 2012.

Auditors for troubled iron ore miner Atlas Iron have warned there is «significant doubt» about Atlas» ability to continue as a going concern.

Troubled iron ore miner Pluton Resources has been restricted from issuing a reduced content prospectus until next year because it failed to comply with reporting and disclosure obligations, the Australian Securities and Investments Commission says.

China - backed iron ore miners in the Mid West are preparing to join forces to develop a port and rail link to Oakajee if the current proposal by Oakajee Port and Rail fails to proceed.

It came as fellow Pilbara iron ore miner BC Iron reported a $ 72.9 million net loss after tax for the December half, an improvement on a net loss of $ 96.3 million a year ago.

An $ 86 million insurance settlement accounted for almost the entirety of Perth - based iron ore miner Mount Gibson Iron's profit result for the 2016 financial year, however it was a substantial improvement on last year's $ 911.4 million loss.

Small iron ore miners operating in a $ 70 / t environment are struggling, but in a different way so are the majors battling to satisfy investor expectations.

Nev Power, former boss of world No. 4 iron ore miner Fortescue Metals Group, had criticised the speculative trade on Dalian, saying producers and users should be the main participants.

Australian iron ore miners exported record volumes in December, but export growth in 2016 was the slowest in years.

Mining services company Viento Group has gone into administration, despite having won major new contracts in the past month with iron ore miners BC Iron and Rio Tinto.

ANALYSIS: Recent numbers from iron ore miner Atlas Iron suggest it may be moving from survival mode to revival.

Shares in embattled iron ore miner Gindalbie Metals plummeted this morning after the company said attempts to clarify funding arrangements with its joint venture partner had been met with silence.

And that'd be because Magellan is so heavily weighted towards Cambridge Analytica data miner Facebook, not Guinean iron ore miner Rio.

Mid-tier iron ore miner Mineral Resources has increased its full - year net profit by 28 per cent to $ 231 million, with the help of a 93 per cent increase in iron ore export volumes.

Mid-tier iron ore miner Mineral Resources has increased its full - year net profit by 28 per cent, but has missed its mark of about $ 250 million outlined in its half - yearly report.

Iron ore miner Centaurus Metals says it can no longer afford to develop its Candonga project in Brazil on its own, and will be seeking to either bring in a joint venture partner or sell the mine in order to survive in the tough economic climate.

Struggling iron ore miner Pluton Resources has fallen back into the hands of receivers and managers, less than six months after the board regained control of the company, as part of a new structuring proposal.

One feels sorry for BHP and RIO except when one remembers that BHP, RIO and Xstrata negotiated the MRRT without FMG, Hancock, or any of the other iron ore miners like Atlas, Mt Gibson, and BC Iron.

As smaller iron ore miners scramble to cut costs to deal with falling prices, another hurdle looms — customers» preference for quality.

OPINION: Iron ore miners Andrew Forrest and Gina Rinehart, Western Australia's two richest people, are taking a different approach to growing their other major business interest — beef production.

If Western Australia's small iron ore miners thought all the bad news about falling prices was in the open, they got a shock this week when the two biggest producers, BHP Billiton and Rio Tinto, launched a war of words, complete with threats of fresh expansion programs.

Following Chinese steel company Sinosteel's announcement that it had secured majority control in iron ore miner Midwest Corporation last week, questions have been raised regarding the potential of future acquisitions of WA mining companies.

A MOVE by mining giant North Limited to slash about $ 100 million from its balance sheets has resulted in redundancies and operational restructuring by Pilbara iron ore miner Robe River Iron Associates.

Perth - based iron ore miner Portman Limited — which has signed a deal to take 100 per cent ownership of the Koolyanobbing iron ore project — has passed another important milestone in its growth strategy with the official opening of a new $ 9.5 million s...

The reason for Australia's third - ranking iron ore miner traditionally being seen more as prey than predator is a function of its once sky - high debt levels, uncertainty about its ore grade, and a belief that at some point Forrest would be tempted to cash out of the company he created.

BC Iron managing director Alwyn Vorster says Australia's junior iron ore miners should only invest in new projects that can withstand a return to $ US40 a tonne, as strong prices lure a raft of smaller local players to consider new investments.

A source close to the deal said Rio was not keen to sub-lease Hamersley to any of the rival iron ore miners who have made big investments in the cattle industry in recent years.

For evidence that success can sometimes damage a business we need look no further than the political games playing out ahead of next year's state election, with the very real chance Western Australia's biggest iron ore miners will be hit by a $ 5 per tonne penalty tax because they're too successful.

Iron ore miner Fortescue Metals Group has recruited the former vice-president of global procurement at oil giant ExxonMobil to its board of directors, as it seeks to lift the efficiency of its business.

BC Iron is the first Western Australian iron ore miner to receive royalty assistance from the state government's relief package.

Iron ore miner Gindalbie Metals has extended its finance facility for its Karara magnetite project in the Mid West by three years and an additional $ US400 million ($ 428 million).

Iron ore miner Rio Tinto is following its big investment in driverless trucks and trains by announcing plans to nearly double its fleet of autonomous drilling rigs.

Pilbara iron ore miner BC Iron has flagged lower production and haulage rates from its Nullagine joint venture operation with Fortescue Metals Group while initiatives are put in place to more efficiently process iron ore from the site.

Iron ore miner Mount Gibson Iron has booked another half - year loss, but it's a substantial improvement on its performance in the previous year, despite recording a $ 23.6 million impairment.

Auditors for troubled iron ore miner Atlas Iron have warned there is «significant doubt» about its ability to continue as a going concern due to «material uncertainties» relating to its proposed debt restructure and weak iron ore prices.

Iron ore miner Pluton Resources has settled proceedings against junior secured creditor Rizhao Port Group Logistics, which includes the removal of receivers appointed by Rizhao in disputed circumstances last month.

Perth - based iron ore miner Atlas Iron has beaten its full - year profit guidance after shipping 3.1 million tonnes in the June quarter.

Even those with only a passing interest in the resources sector would recognise there's something unusual about an iron ore miner talking up a natural gas project and an oilman talking it down.

Iron ore miner BC Iron has continued its run of cost saving initiatives at its Nullagine operation by awarding a $ 40 million road haulage contract to QUBE Holdings.

Pluton Resources is in the midst of a battle between creditors, with major shareholder General Nice Resources and secured creditor Rizhao Port Group Logistics fighting over who gets to appoint receivers to the iron ore miner.

Iron ore miner BC Iron has fallen into the red with a net loss of $ 158.5 million for the financial year, on the back of impairments and falling commodity prices, and has declared no dividend payout.

Shares in Mount Gibson Iron have soared on news the iron ore miner received an $ 86 million property damage insurance payment for the collapse of a seawall at its Koolan Island mine in 2014.

Atlas Iron managing director David Flanagan has described the results of the iron ore miner's capital raising as an immense vote of confidence in the business, despite achieving just less than half of its $ 180 million target.

The creditors of Atlas Iron have voted in favour of the iron ore miner's proposed debt - for - equity swap, with the fate of the scheme, and the company, now in the hands of shareholders who will vote next week.

Watpac Civil & Mining and BC Iron have flagged legal action against each other, with Watpac seeking about $ 12.5 million from the iron ore miner.

Shares in Atlas Iron surged on news it had lowered its cash costs in July by $ 11 per wet metric tonne, with the iron ore miner flagging more cash flow in August.