Sentences with phrase «of iron ore miner»

Pacific Energy chairman Cliff Lawrenson will add the top job at Atlas Iron to his list of roles after being appointed chief executive and managing director of the iron ore miner today.

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.

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 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.

Not exact matches

News of Brazil - focused miner Crusader Resources achieving its first iron ore sales has excited the market with its share price jumping more than 16 per cent today.

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.

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.

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.

As miners deal with the reality of a prolonged slump in the iron ore price, Fortescue Metals Group is quietly going about the business of building the state's third magnetite mine and processing plant.

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.

The Environmental Protection Authority has recommended approval of global miner Cliffs Natural Resources» plans to extend its Koolyanobbing iron ore operations, as Mineral Resources continues to seek approval for its own expansion plans in the same region.

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.

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.

The state government has extended its discounted charges at the Utah Point bulk handling facility by another year, to help junior miners continue exporting iron ore, as debate around the sale of the port continues.

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 Iiron ore miners like Atlas, Mt Gibson, and BC IronIron.

A couple of smaller miners that rode out the slide in iron ore prices could be the early movers in a more widespread revival in the sector.

If you're wondering why the outlook for iron ore remains grim despite last night's price rise to a three - month high of $ US63.10 a tonne, it is partly because Western Australia's iron ore miners have a new competitor — themselves.

China's maturing economy, not a conspiracy of collusion, is behind the actions of WA's two biggest iron ore miners.

The reason to take a close look at this company is twofold: it's one of the most diversified miners around, so one commodity's underperformance shouldn't have as significant an impact on the company as it would if it was just a coal or iron ore producer.

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.

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.

The Indian cabinet's approval of increased royalty rates on minerals including iron ore, copper and bauxite yesterday will raise costs for miners and metal producers, analysts and company officials said.

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 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 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.

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.

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.

West Australian premier Colin Barnett says the government will not become a «bank of last resort» for the resources sector after sweetening conditions for miners struggling to survive a sustained rout in iron ore prices.

Even without the palm oil, it faces a myriad of other threats, from raids by bush meat hunters trapping and shooting primates, antelopes and elephants, to incursions from illegal loggers and miners prospecting for iron ore.

The lift I've just entered feels like an original from the late 1800s, when miners made the same trip in search of iron ore.

(06/25/2009) Vale, the world's largest miner of iron ore, has signed a $ 500 million joint venture with Biopalma da Amazonia to produce 160,000 metric tons of palm oil - based biodiesel per year, reports Reuters.