Mining

Rio faces union push in iron ore

Two powerful unions have joined forces to try to take on Rio Tinto at its iron ore mines, for the first time in two decades.

Brockman joins rail access battle

fortescue rail iron ore track pilbara

Peter Ker Brockman's application for access to Fortescue's rail line appears to be an attempt to ambush Atlas Iron's bid for access.

Mining

BHP chief on austerity drive

BHP

Philip Wen BHP's new chief slashes the miner's capital spend, in a further sign of the slowdown in the sector.

Mining

Glencore Xstrata shelves coal terminal

Brian Robins Glencore Xstrata has cancelled plans for a coal export terminal in Queensland, citing the poor state of the coal market.

LNG

Oil Search looks to PNG for growth

Brian Robins Oil Search is hoping to boost the capacity of its gas export project in Papua New Guinea, with the addition of a further two export units, as it seeks to boost returns from its assets in the country.

Commodities

BHP sees lower iron ore price

Global iron ore supplies will expand faster than demand over the long term, potentially lowering prices of the commodity, according to BHP Billiton.

Mining

Fortescue nears asset sales

Iron ore miner Fortescue Metals hopes to sell part of its rail and port assets by mid-year, to pay down debt.

Metals

Future of Alcoa's Geelong plant in doubt

Alcoa Portland Aluminium smelter.

Philip Wen The future of the troubled Point Henry aluminium smelter in Geelong is back under a cloud after its American owners Alcoa revealed it was considering deep production cuts worldwide.

Gas

Origin explores LNG pipeline sale

gas

Brian Robins Origin Energy has flagged the potential sale of the pipeline from its Australia Pacific LNG project in Queensland.

Gas

Woodside tie-up points to floating LNG

Philip Wen Woodside announces a tie-up with Shell, indicating that floating LNG is Woodside’s preferred option to develop its massive Browse gas resource.

Coal

Whitehaven battles weak markets

Newcastle Port Waratah, Pollution, Energy, Power, greenhouse, gasses, power, coal, electricity, steam, train, transport, imports, exports. AUSTRALIAN . RESOURCES. SPECIALX SPECIALX 00076789 SPECIALX 00076789 generic
AFR. AFR USE FIRST PLEASE.  MINING AFR FIRST USE!!!!! 

PHOTOGRAPH BY NIC WALKER.

Phil Wen and Glenda Kwek Whitehaven says weak prices and the strong dollar are continuing to drag on its performance, but is optimistic prices will rise.

Intelligent Investor

BHP a good bet but could be better

A BHP Billiton logo.

John Addis The case against BHP Billiton is simple: buying its stock works out only in a resources boom.

Economy

Mining tax deeply flawed, Garnaut says

Ross Garnaut

Leading economist Ross Garnaut has told a Senate committee that the mining tax is highly flawed and may never raise any revenue in its current form.

Resources

BHP, Rio pay mining tax; Xstrata doesn't

Mining-coins_320

Peter Ker BHP Billiton and Rio Tinto both made payments under the controversial mining tax in the last quarter, while Xstrata paid no mining tax.

Mining

Setback for Aquila as Sumitomo pulls out

iron ore

Aquila shares tumble after the miner suffered a setback to its plans to raise capital via asset sales to help fund a $7.4b iron ore project.

Copper

BHP sells US mine assets for $632 million

copper

Peter Ker BHP Billiton's divestment campaign continues to gather pace, with the company announcing the sale of a copper mine and rail asset in the American state of Arizona.

Iron ore price to hold above $US110: Vale

Brazil's Vale, the world's second-largest mining company, says it considers the Chinese iron ore market to be robust.

Energy

Floating LNG as costs blow out

Shell's Prelude LNG float

Escalating costs to build LNG plants on land are driving developers out to sea in search of billions of dollars in savings. But the challenges are huge.

Mining

Downer EDI cuts jobs at NSW coal mine

Newcastle Port Waratah, Pollution, Energy, Power, greenhouse, gasses, power, coal, electricity, steam, train, transport, imports, exports. AUSTRALIAN . RESOURCES. SPECIALX SPECIALX 00076789 SPECIALX 00076789 generic
AFR. AFR USE FIRST PLEASE.  MINING AFR FIRST USE!!!!! 

PHOTOGRAPH BY NIC WALKER.

Mining contractor Downer EDI has cut 106 jobs at the Boggabri coal mine, following a reduction in production targets.

Regulation

Too much red tape, Chinese investor says

Mining

Philip Wen Julia Gillard has been afforded little time to bask in her recent diplomatic triumphs in China, with a major Chinese state-owned investor stressing his concerns directly to her over Australia’s...