Rio Tinto has secured approval to expand two iron ore mines in Western Australia, a move which will add an extra 11 million tonnes of iron ore to its annual output. The WA state government has approved Rio’s $AU880 million plans to boost production at two of its Pilbara iron ore operations. It is expected Read the full article…
End of boom? Not for Australia’s iron miners
Dec 19, 2013 Articles | State of the Market
VALLEY OF THE KINGS, AUSTRALIA: A fleet of charter flights ferry thousands of workers to and from this outback mine site. The resort-like housing offers gourmet food, cheap alcohol, swimming and well-equipped gymnasiums. Australian iron ore mining seems immune from the spending crunch afflicting other commodities as a slowdown in Chinese growth cools a decade-long Read the full article…
FMG eyes fifth Hedland berth
Dec 4, 2013 Articles
Fortescue Metals Group is becoming increasingly confident it can sweat its existing Port Hedland infrastructure to a 175 million-tonne-a-year export rate by adding a fifth berth to the inner harbour. It raises the possibility Fortescue could lift its Pilbara production rate above 155mtpa at a relatively small capital cost. Fortescue’s port operations have until now Read the full article…
BHP approves $300m spend, lifting shiploading capacity
Dec 2, 2013 Articles
Opening its coffers, BHP Billiton is spending $US301 million to replace two shiploaders at its Nelson Point port operations in Port Hedland, Western Australia. The company said investing in the shiploaders will increase the reliability of its inner harbour port facilities. Updating its shiploaders will lift the company’s loading capacity by 5000 tonnes an hour. Read the full article…
Rio gives mining boom a $9bn lift
Dec 2, 2013 Articles
RIO Tinto plans to spend up to $US8 billion ($8.7bn) expanding its iron ore mines in Western Australia to feed China’s urbanisation, in a further sign the nation’s mining investment has far from ground to a halt. Rio yesterday said it expected by 2017 to add more than 60 million tonnes per year of iron Read the full article…
Rio iron ore to drive mining growth, says Barnett
Oct 3, 2013 Articles
WEST Australian Premier Colin Barnett says he expects the reinvigorated iron ore market to drive further growth in the state’s mining industry, countering wide perceptions that the mining investment boom has passed. Speaking at the official opening of Rio Tinto’s expanded Pilbara port and rail facilities at Cape Lambert in Western Australia, Mr Barnett said Read the full article…
Rio plan massive new $3.5bn mine for the Pilbara
Sep 27, 2013 Articles
Rio Tinto has submitted documents to develop one of the biggest mines iron ore mines in the Pilbara, expected to export as much as 70 million tonnes a year. The Koodaideri mine would be located 110 km north-west of Newman and is expected to have a 30 year life span. According to documents filed by Read the full article…
BGC joins Rinehart in Pilbara
Sep 27, 2013 Articles
BGC Contracting is recruiting hundreds of people for work on Gina Rinehart’s Roy Hill iron ore project after winning a $420 million contract due to start next month. Len Buckeridge-owned BGC Contracting will need a peak workforce of 500 in January next year to complete its two-year contract with project manager Samsung C&T. The extra Read the full article…
Busy Port needs more tugboats
Feb 21, 2013 Articles
Great news for Teekay Shipping. Below is an article released by marinelink.com Teekay Shipping Australia boosts towage services in Port Hedland to meet growing throughput at Australia’s busiest port. The 80+ tonne bollard pull tugs ‘RT Rotation’, ‘RT Sensation’ and ‘RT Inspiration‘, supplied under contract from KOTUG International, will join three powerful Rotor®Tugs already operating Read the full article…
Do I have to pay stamp duty?
Oct 24, 2012 Articles
When transferring property, stamp duty is or isn’t payable, depending on the transaction type and the family relationships of the people involved. Conveyancing can be quite a complex area so it’s important to keep up by checking the fact sheets at the Office of State Revenue (OSR), website. This complexity also illustrates the benefits for people buying, Read the full article…