[ad_1] The iron ore sector has been savaged by the commodity slump. Oliver Probert – Sydney February 10, 2016 The offer being reportedly mulled by Australian mining and consumables business Arrium is not significant enough to solve the company’s debt woes. The AFR’s StreetTalk column this week suggested the sale of Arrium’s Moly-Cop subsidiary, which
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) Any party looking to revive Clive Palmer’s embattled refinery business Queensland Nickel will have to eat cash losses until at least 2017, the company’s administrator has
Read More[ad_1] Fallen coal magnate Nathan Tinkler has resigned as managing director and chief executive officer of Australian Pacific Coal, after a Federal Court judge declared him bankrupt. Federal Court Justice Jacqueline Gleeson on Tuesday ordered a sequestration order be made against Tinkler’s estate, over money allegedly owed by the former Hunter Valley mining apprentice to
Read More[ad_1] David Handel of RST. Photo: RST Dust suppressing chemicals producer Reynolds Soil Technologies has launched a new low dosage dust solution, called Infiltrator DEM, aimed at achieving dust extinction moisture levels (DEM) faster in bulk earthworks applications. According to RST, Infiltrator DEM is suitable for use in all substrate, stockpile and dig faces materials.
Read More[ad_1] Arrium operates in the mining and mining consumables manufacturing sectors. Oliver Probert – Sydney February 3, 2016 US private equity firm Cerberus Capital Management is rumoured to be the front-runner to acquire all or part of Australian mining and consumables business Arrium, while the embattled miner looks to restructure or sell its grinding media
Read More[ad_1] Murray Goulburn will provide cheese for Coles’ home brand. Photo: Dairy Australia Dairy co-operative Murray Goulburn has snatched a contract from competitor Bega, to supply home brand cheese to Coles for the next five years. MG has added the cheese deal to a ten-year partnership announced with Coles in 2014, to supply daily pasteurised
Read More[ad_1] BHP Billiton Nickel West. Photo: BHP Billiton Oliver Probert – Sydney February 3, 2016 BHP’s Nickel West business will lift nickel concentrate imports after a series of local mine closures led to an even bigger shortfall for the refinery operation. After Nickel West asset president Eddy Haegel said in October last year the miner
Read More[ad_1] Nathan Tinkler says Australia is still in a good position in the coal sector, relative to its competition. Photo: WICET Oliver Probert – Sydney February 3, 2016 Nathan Tinkler’s Australian Pacific Coal (APC) has raised the capital it needs to acquire an 83.33% share in the Dartbrook coal mine in the Hunter Valley from
Read More[ad_1] Nine new conditions relate to the black-throated finch. Photo: Creative Commons / Chris Williamson The Queensland Government has added nine conditions to the environmental approval of Adani’s proposed Carmichael mega-mine, after its initial approval was challenged in the Land Court by an environmental group. The Department of Environment and Heritage Protection issued a final
Read More[ad_1] Iron ore stockpiles at Port Hedland. Photo: BHP Billiton US agency Standard & Poor’s has downgraded BHP Billiton’s credit rating this week, warning the mining giant it could slip further if it continues to deliver the same dividends to shareholders despite the slump in commodity prices. BHP has maintained a policy of not allowing
Read More