Friday 22nd Jun, 2018
Aurizon is feeling the force of struggling coal and iron ore markets. Photo: RailGallery

Mining fears drag Aurizon down after $108m loss

Aurizon slipped to its lowest share price since September 2012 on Monday, after chief executive Lance Hockridge revealed more than…
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iron-ore

Simandou bites the dust

Anglo-Australian mining giant Rio Tinto has announced a $1.1bn impairment over the potentially massive Simandou iron ore project in Guinea,…
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Rio Tinto train - Photo Rio Tinto

M&A speculation continues in mining sector

Rumour has it two of the world’s biggest miners are looking into significant acquisitions, with Rio Tinto said to be…
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Asciano chief executive John Mullen. Photo: Greg Dickins

Asciano makes $88m switch from Brookfield to Qube

Australian port and rail giant Asciano will pay an $88 million break fee to back out of a takeover bid…
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Coal. Photo: Shutterstock

Tinkler out as APC boss after bankruptcy ruling

Fallen coal magnate Nathan Tinkler has resigned as managing director and chief executive officer of Australian Pacific Coal, after a…
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A nickel ore ship at Townsville, where (inset) Clive Palmer's Yabulu refinery processes it. Photo: Chris Mackey / Southern Cross Maritime. (Inset: Creative Commons / Benjamin J Macdonald)

Long-term losses challenge Queensland Nickel recovery

Any party looking to revive Clive Palmer’s embattled refinery business Queensland Nickel will have to eat cash losses until at…
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iron-ore

Rumoured figure for Arrium grinding business lower than expected

The offer being reportedly mulled by Australian mining and consumables business Arrium is not significant enough to solve the company’s…
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Rio Tinto train - Photo Rio Tinto

Rio Tinto could cut dividend

A week after it was suggested BHP Billiton may change its policy of maintaining high dividends despite a slumping market,…
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Sugar exports to the US are set to go up. Photo: Shutterstock

Robb faces criticism over Queensland sugar regulation

Australian trade minister Andrew Robb has reportedly faced criticism during a visit to Singapore over the passage of legislation through…
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