[ad_1] Photo: Rio Tinto Oliver Probert – Sydney February 17, 2016 Rumour has it two of the world’s biggest miners are looking into significant acquisitions, with Rio Tinto said to be eyeing Alcoa’s alumina business, and Glencore reportedly interested in snapping up struggling iron ore miner Atlas Iron. A report in Monday’s The Australian suggests
Read More[ad_1] The iron ore sector has been savaged by the commodity slump. Oliver Probert – Sydney February 17, 2016 Anglo-Australian mining giant Rio Tinto has announced a $1.1bn impairment over the potentially massive Simandou iron ore project in Guinea, citing uncertainties in the market. The $1.1bn impairment for Simandou – once positioned by Rio as
Read More[ad_1] Aurizon is feeling the force of struggling coal and iron ore markets. Photo: RailGallery Aurizon slipped to its lowest share price since September 2012 on Monday, after chief executive Lance Hockridge revealed more than a quarter of the rail operator’s coal customers are operating at breakeven, or worse. Hockridge this week announced the Queensland-based
Read More[ad_1] Arrium operates in the mining and mining consumables manufacturing sectors. Iron and steel business Arrium posted a statutory net loss of almost a quarter of a billion dollars after tax in the first half of the 2015/16 financial year. Arrium said lower iron ore prices drove an underlying loss of $24m during the six
Read More[ad_1] A nickel ore ship at Townsville, where (inset) Clive Palmer’s Yabulu refinery processes it. Photo: Chris Mackey / Southern Cross Maritime. (Inset: Creative Commons / Benjamin J Macdonald) A meeting between creditors and administrators of Queensland Nickel has revealed safety issues which could threaten the potential re-opening of the beleaguered refinery business, according to
Read More[ad_1] Anglo American has been a significant player in the Austrlaian coal mining sector. Photo: Shutterstock Mining multinational Anglo American could sell all of its Australian coal mines as part of a US$3bn-US$4bn asset offload process, the company announced this week. Anglo American chief executive Mark Cutifani on Tuesday said the company’s asset moves would
Read More[ad_1] Brookfield looks to be readying a higher, all-cash offer for Australian port and rail firm Asciano, after takeover rival Qube earned the support of Asciano’s board by upping its own offer this week. Brookfield Infrastructure Group chief executive Sam Pollock expressed his frustration to Asciano chairman Malcolm Broomhead on Sunday, February 7, over Qube’s
Read More[ad_1] Haver Roto Classic bag filling machine. Photo: Haver Charles Macdonald – Sydney February 10, 2016 Haver & Boecker Australia, also trading as Haver Australia, is expanding its product range from a focus on the minerals processing market to more diversified processing, storing, mixing, packing, filling, palletising and loading. According to Haver & Boecker Australia
Read More[ad_1] Major sugar businesses aren’t happy with Queensland’s new regulation. Photo: Shutterstock Australian trade minister Andrew Robb has reportedly faced criticism during a visit to Singapore over the passage of legislation through Queensland Parliament which effectively re-regulates the state’s sugar industry. Major Singapore-based business Wilmar, which has invested roughly $2.5bn into its Queensland businesses, gave
Read More[ad_1] A week after it was suggested BHP Billiton may change its policy of maintaining high dividends despite a slumping market, rival Rio Tinto is reportedly set to make the same move in its annual results announcement. Rio will announce its full-year results on Thursday this week. Investors are reportedly expecting the miner to announce
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