News

As the price of coking coal reaches a seven-month high of around US$236 a tonne, BHP is studying its options to potentially boost production from its Queensland assets, according to multiple reports. Healthy demand for the product, which is used in steelmaking, drove the benchmark price up 33% in November. And according to The Australian, BHP’s

While Asia has abundant LNG supply, the region MIFF lacks the right infrastructure and commercial arrangements to develop the necessary LNG supply” networks to sustainably meet rising demand. AG&P’s Derek Thomas explains. With the demand for cleaner and cheaper sources of power rapidly increasing across Asia, developers are seeking efficient, low cost and reliable ways

Australian Competition & Consumer Commission boss Rod Sims says recent events in the east coast gas market have confirmed the watchdog’s “worst fears”. Speaking at the recent Australia Domestic Gas Outlook Conference in Sydney, Sims called for new and more diverse sources of gas supply into the domestic market. Just as Australia’s gas market has

Australian potash explorer Danakali Limited has selected Fluor following a competitive bid process. In January, giant US-headquartered engineering firm Fluor Corporation was awarded a front-end engineering, design and optimization (FEED) contract by Danakali Limited in Eritrea, East Africa for the Colluli Potash Project following a competitive tendering process initiated and completed in 2016. “Fluor will

A new, 20,000 TEU per annum deal has helped east coast rail operator Aurizon announce a 10% rise in intermodal volumes in the first half of FY17, balancing out slight declines in bulk and freight. The Brisbane-based, ASX-listed operator disclosed its December quarter above rail volumes on January 18. Coal volumes were up 5% year-on-year

Fortescue Metals Group founder Andrew Forrest is now reportedly third on Australia’s rich list, thanks to a resurging iron ore price which has added $5 billion to his wealth. According to multiple reports, Forrest’s wealth has risen by $5 billion this year thanks to the serious improvement in the health of the iron ore market.

Fortescue Metals Group chairman Andrew Forrest has named the first of the miner’s new very large ore carriers (VLOCs) after his wife, Nicola. The FMG Nicola was christened at a shipyard in China this week, with Fortescure chief executive Nev Power saying the formal launch of the first vessel was the culmination of a lot

Shareholders have reacted badly to dairy producer Bega’s decision to write down the value of its infant formula joint venture with Blackmores by $5 million to $7 million, as a result of soft demand from the crucial Chinese consumer market. Bega chairman Barry Irvin announced the company would take the provision to its share of

Mining major BHP Billiton has preserved its guidance across all major sectors for FY17, after it announced stable iron ore and coal figures in the September quarter. BHP on October 19 announced a 15% decline in petroleum production, and a 6% decline in copper, but a 0% shift in iron ore, a 1% growth in

Pilbara Ports Authority says it has delivered total monthly throughput of 56.3 million tonnes for the month of September, up 3% from the same month last year. PPA is the authority responsible for a number of ports in WA’s north-west, chiefly the massive iron ore ports of Port Hedland and Dampier. Port Hedland achieved a