Company Announcement: BC Iron Achieves 4MTPA Production Milestone

BC Iron Limited is proud to announce that the Nullagine Iron Ore Joint Venture has achieved its sustained target production rate of 5Mtpa of iron ore produced and exported.

Solomon iron-ore project, Australia

Project house Leighton Contractors has been nominated as the preferred contractor for the Solomon project.

Company Announcement: New contract and variations totalling $137m show Decmil’s strength of experience

Managing Director Ray Sputore says it’s the trust and respect Decmil Australia has built with its clients that has contributed to the award of a new contract with Fortescue Metals Group and contract variations totalling $137 million.

Solomon Hub iron-ore project, Australia

The project, is part of a A$8.4-billion expansion from 55-million tons a year to 155-million tons a year in Western Australia.

Company Announcement: BC Iron Increases Mineral Resource At Nullagine JV

Australian iron ore producer BC Iron Limited advises of an update to the Mineral Resource Estimate at the Nullagine Iron Ore Joint Venture, a 50:50 unincorporated joint venture between BC Iron and Fortescue Metals Group, following in-fill resource...

Merged Glencore, Xstrata would take aim at iron ore

An $80-billion marriage of commodities trader Glencore and miner Xstrata could lead to a new round of takeovers in iron ore, creating a goliath eager to muscle its way onto one of mining's richest and most closely guarded industries. Glencore and...

Fortescue allowed to appeal Federal Court’s rail use decision

Iron-ore miner Fortescue Metals Group on Friday received permission to appeal the a Federal Court ruling that the diversified miner Rio Tinto’s Pilbara rail lines should not be opened up to third parties. The High Court of Australia granted...

Commodity uncertainty sees investors retreating from markets

Poor economic data and falling commodity prices have caused investors to retreat the resources-heavy Australian markets, advisory firm Deloitte reported on Friday. The firm said that its Western Australian Index dropped 11.9% in September, to...

Australian miners help to save Hall of Fame from closing

The Australian Prospectors and Miners Hall of Fame, which needed about A$1-million a year to remain open, avoided possible closure this week following pledges received from members, particularly industry, the Western Australian Department of Mines...

Fortescue drops $1bn loan, opts for $500m credit facility

Iron-ore miner Fortescue Metals Group on Thursday reported that it would not proceed with its previously announced $1-billion term-loan facility, but was opting for a $500-million senior unsecured revolving credit facility. Earlier this month,...

Australia’s planned resources capex at record A$173,5bn

Projected capital investment in Australia’s resources sector has reached an all-time high of A$173,5-billion, the Australian Bureau of Agriculture and Resource Economics and Sciences (Abares) reported on Thursday. At the end of April, there...

Nullagine iron-ore project, Australia

The Nullagine iron-ore joint venture has received the final mining approvals from the Department of Mines and Petroleum for stages two and three of the project, which completes the approvals process.