Monthly Archives: March 2016

[ad_1] Work at the Bulga mine. Photo: Glencore Anglo-Swiss commodity and mining multinational Glencore has announced a US$4.96bn (AU$6.91bn) net loss in 2015, as it underwent an aggressive asset shedding process in an effort to manage its significant debt pile in a downturned market. The company announced on Tuesday its earnings before interest and tax,

[ad_1] Administrators for Townsville’s embattled refinery business Queensland Nickel have reportedly asked the state government for an emergency $10m loan to avoid closure by the end of the week. According to an AFR report, administrators FTI Consulting have said a $10m overdraft facility is needed to allow the Yabulu refinery to keep buying ore through

[ad_1] Fortescue Metals Group boss Nev Power isn’t worried about the repercussions of a WA Court of Appeal ruling which opens up access to FMG’s Pilbara iron ore line to prospective, Chinese-backed Brockman Mining. The court on Tuesday dismissed all six grounds of appeal raised by FMG’s rail subsidiary, The Pilbara Infrastructure, and ordered TPI

[ad_1] MUA members voting for a merger with the CFMEU. Photo: MUA Maritime Union of Australia members have voted in favour of merger talks with the Construction, Forestry, Mining and Energy Union, in a move which is set to create a single, more influential union across a number of the nation’s largest blue collar sectors.

[ad_1] Its a dark and stormy time for McAleese. Photo: Shutterstock Embattled transport group McAleese has suspended trading on the ASX this week, and deferred the release of its half-year financial statement, as the company continues to undergo a “strategic process” with advisor Moelis & Company. McAleese, which floated at $1.47 in 2013, closed at

[ad_1] Iron road boss Andrew Stocks. Photo: Iron Road Prospective iron ore miner Iron Road and agribusiness Emerald Grain have announced a partnership which will help deliver a combined iron ore and grain railway and port operation at Cape Hardy on South Australia’s Eyre Peninsula. Iron Road wants to set up an iron ore mine