Mining construction to peak in 2013: Deloitte

mining

Australia’s mining construction boom is expected to peak in late 2013 and government spending cuts are making it harder to find a new driver of economic growth, economics advisory group Deloitte...

Mining tax is not for us: Fortescue

Fortescue's tax bill is rising but the miner doesn't expect to pay the Minerals Resource Rent Tax this financial year as iron ore prices recover from hefty falls in 2012.

Union takes Rio to court for discrimination

coal

Lucy Battersby Rio Tinto is facing a legal challenge over claims it discriminated between union and non-union miners by giving workers on individual contracts up to $120,000 more in redundancy payments.

BHP shares rise on robust output report

bhp

Peter Ker BHP Billiton will need to lift its iron ore exports if it is to meet annual guidance, after its December quarter results fell short of what some analysts were hoping for.

Will Rio call Australia home?

Brian Robins Rio Tinto shares are up another 1 per cent, bringing their gains to close to 4 per cent since the axing of Tom Albanese.

Change at the top for Perseus Mining

Calderwood

Peter Ker Rio Tinto is not the only mining company to be experiencing change at its highest levels, with ASX-listed gold producer Perseus Mining revealing today that Mark Calderwood would step down as managing...

Adele Ferguson

Investors bet on new era at Rio Tinto

Pilbara

Adele Ferguson The rise in Rio Tinto’s market value after CEO Tom Albanese walked the plank sends a strong message to companies that investors will support decisive action from boards.

Brian Robins

Time to bring Rio Tinto home

Rio Tinto, North Parkes copper mine

Brian Robins It is hard to see just what Rio Tinto's UK-based head office has brought to the table over the years.

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'Safe pair of hands' at Rio helm welcomed

Sam Walsh.

Paddy Manning Investors have welcomed Rio Tinto's bold move to dump Tom Albanese as CEO and replace him with Sam Walsh, hoping he will bring a new conservatism to the miner.

Solid results for Woodside and Santos

Karratha, Western Australia, mining boom - Woodside's Karratha Gas Plant.  THE AGE . business . 01 DECEMBER 2011 . pic by Aaron Bunch . story by Ruth Williams .

Paddy Manning Woodside and Santos rise in early trade after reporting record December quarter production and sales figures, albeit in line with forecasts.

Rio Tinto hits iron ore targets

A haul truck approaches a digger in the pit at Rio Tinto Group's West Angelas iron ore mine in Pilbara, Australia, on Sunday, Feb. 19, 2012. Rio Tinto Group, the world's second-biggest iron ore exporter, will spend $518 million on the first driverless long-distance trains to haul the commodity from its Western Australia mines to ports, boosting efficiency. Photographer: Ian Waldie/Bloomberg

Peter Ker Rio Tinto produces a record 250 million tonnes of iron ore in 2012, but fails to meet its annual target for copper.

Fortescue backs out of shale gas deal

iron ore

Peter Ker Fortescue Metals Group has terminated a proposed deal that would have seen the company diversify into Western Australian shale gas.

AJ Lucas shares jump on UK expansion talks

Philip Wen AJ Lucas shares have surged after confirming reports its British subsidiary, Cuadrilla, is holding preliminary talks with major investors, as the United Kingdom seeks to replicate the shale gas...

Wal King caught up in battle for Bumi

WAL KING

Adele Ferguson Former Leighton boss Wal King has been approached to chair UK-listed coal miner Bumi Plc, pending the outcome of a proposal to oust the incumbent board and CEO.

Is this spike 'one last hoorah' for iron ore?

iron ore

Philip Wen The price of iron ore has jumped to a fresh 15-month high on the back of a buying spree from Chinese steel mills, but analysts are divided over how long the surge will last.

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No end flagged for iron ore rally

A haul truck approaches a digger in the pit at Rio Tinto Group's West Angelas iron ore mine in Pilbara, Australia, on Sunday, Feb. 19, 2012. Rio Tinto Group, the world's second-biggest iron ore exporter, will spend $518 million on the first driverless long-distance trains to haul the commodity from its Western Australia mines to ports, boosting efficiency. Photographer: Ian Waldie/Bloomberg

Speculative buying has pushed iron ore prices to 15-month highs, in a rally that began last month and could extend amid a limited supply of spot cargoes.

ASIC to look into Whitehaven hoax

Jonathan Moylan.

Peter Ker and Ben Cubby Australia’s corporate watchdog has begun enquiries into the hoax which rocked local markets today and temporarily wiped more than $314 million off the value of Whitehaven Coal.

Hoax press release sparks Whitehaven plunge

Ben Cubby and Peter Ker A hoax press release has wiped more than $314m off the value of Nathan Tinkler's Whitehaven Coal, in a stunt that has forced the company into a trading halt.

Lynas gives timeline for rare earths sale

rare earths

Glenda Kwek Stocks in rare earths miner Lynas rose as high as 10.4 per cent today as the Australian firm reported strong progress in its controversial Malaysian processing plant.

Anglo American close to hiring rival's CEO

mining

Mining giant Anglo American is close to hiring Australian Mark Cutifani, the boss of rival AngloGold Ashanti, as its new chief, sources say.