Yearly Archives: 2015

[ad_1] BHP Billiton will spend $324m on six new tugboats and a new eight-pen tug harbour at Port Hedland, in a move some have suggested is in response to a lack of competition, and union control of tug services. Tug services at Port Hedland are licenced to the ASX-listed BHP, which currently owns 18 tugs

[ad_1] Rail operator Aurizon says a decline in fourth quarter intermodal tonnages, due in part to the sale of CRT Group, was partially offset by an increase in nickel volumes thanks to Indonesia’s export embargo. Bad weather in NSW in April and May, and the sale of CRT Group at the end of 2014 were

[ad_1] Australian start-up Green Distillation Technologies says its world-first tyre recycling method can recover energy from end-of-life tyres, with zero emissions. GDT is commercialising an Australian technology that recovers energy from old tyres. The Melbourne-based business is about to open a full, six-module plant in NSW, where it has been operating a single-module demonstration plant

[ad_1] Atlas Iron raised less than half of its $180m equity raising target over the window which ended last week, but managing director David Flanagan told shareholders he was “delighted” with the result. “This is an outstanding result for Atlas shareholders, for the 700 people who rely on Atlas for work and for the state

[ad_1] Brazilian miner Vale’s decision to cut 30mt of high-cost production has been welcomed by Australian producer Fortescue Metals Group, but with plans to replace that production with low-cost iron ore, Vale is set to get more competitive with major Australian producers. A senior Vale executive on Monday confirmed the Brazilian giant planned to get

[ad_1] Businessman and federal MP Clive Palmer says Australia needs to take action over a move by China to heighten the strictness of testing on coal imports. China has long tested imported shipments of coal for unacceptable levels of ash and sulphur. But Chinese customs recently expanding testing to fluorine, phosphorus, arsenic and other trace

[ad_1] Maintenance has shut down the Hunter Valley coal network this week, with the closure starting on Tuesday at 6am, and set to run into the late evening on Thursday. The network-wide maintenance shutdown means limited train operations to allow multi-million-dollar packages of work to be delivered in a safe and efficient way at dozens

[ad_1] Consumables supplier Bradken has said merger talks with Chilean outfit Magotteaux are still on the table, as the former announced its 2014/15 financial year guidance this morning. Bradken noted the decline in its share price yesterday, saying it couldn’t explain the action, which saw 1.2 million shares change hands and the price drop from

[ad_1] Struggling junior Pilbara miner Atlas Iron has extended its equity raising campaign, citing strong demand from existing shareholders. Atlas moved to close its Pilbara mines when the iron ore price dipped below US$50 a tonne earlier this year. It decided to keep open two of its projects – Abydos and Wodgina – however, after

[ad_1] NSW coal miners are up in arms over the state government’s recent moves to toughen up the approval process for major mining projects. The Baird Government on Tuesday released a draft amendment to NSW’s environmental planning policy on mining. The amendment would remove the significance of the resource as one of the principal considerations