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Macmahon in an update on Tuesday said the sale of its construction arm to Leighton Holdings had removed any uncertainty and risk over the company. It said its mining business was on track to deliver earnings guidance and had $3.5 billion in work on
Fortescue Metals Group continues to dabble outside its Pilbara iron ore heartland, announcing an early stage agreement to investigate territory in South Australia that looks prospective for copper, gold and iron ore. The non-binding deal with ASX
Metals Group is trying to boost its permanent Aboriginal workforce as the company moves from a construction phase into production. The Pilbara iron ore miner says more than one in 10 Fortescue workers are indigenous, but it concedes a significant
The company has described the opening of the mine at Solomon, 60km north of Tom Price, as one of the most important milestones in its 10-year history. "Today, we're celebrating the opening of Fortescue's third mine in five years, an achievement that
Metals chief executive Nev Power predicts the iron price will hover between $139 and $140 per tonne in the short term because of low iron ore stocks. Australia's third largest iron ore miner says the commodity will then trade between $120 to $130 a
Fortescue Metals chief executive Nev Power says he is more confident than ever'' in China's demand for resources, as the iron ore miner reported a 3 per cent increase in production and said it remained on track with its aggressive expansion plans.
Fortescue mined a record 25.3 wet metric tonnes (wmt) of iron ore in the quarter as its Christmas Creek mine ramped up and operations began at Firetail. Quarterly shipments rose 60 per cent on the same period last year to 20.2 million tonnes.
Paladin said the local water supply company had been undertaking infrastructure upgrades ahead of a rival uranium mine being built nearby, and those works had reduced the amount of water that was available over recent months. That mine, Husab, is
Australia's building sector suffered a sharp deterioration in activity in March, hampered by project delays, fewer projects and tight credit conditions, the latest Australian Industry Group-Housing Industry Association performance of construction
Fortescue's chief financial officer agrees it would be hard for Treasury to calculate mining companies' deductions. Photo: Michele Mossop Treasury's inability to see crucial aspects of the mining tax process is no surprise, according to a top