Mineral Resources has formally commenced its $3 billion Onslow iron ore project and flagged further rapid growth in the business while also reporting a sharp fall in annual profit.
Mineral Resources has taken a big step forward in its plans for a new iron ore hub in the Pilbara, with Red Hill Iron shareholders set to be big winners.
Mineral Resources has bought a minority stake in Aquila Resources, potentially breathing life into one of the largest undeveloped iron ore projects in Western Australia.
ANNIVERSARY SPECIAL: WA companies have been on the receiving end of nearly every major takeover completed during the past two decades, with Wesfarmers a notable exception. This article is part of a special series to mark Business News' 25-year anniversary.
Mining and technology entrepreneur Charlie Bass has flagged six industries, including medicine, agriculture and the arts, that offer Western Australia the opportunity to forge a more sustainable economy.
SPECIAL REPORT: Four years after exiting the iron ore sector near the top of the boom, Charlie Bass has teamed up with a pair of experienced company directors for a new mining float.
Subiaco-based tech company K2fly has won a contract to provide its services to the manager of the West Pilbara iron ore project for an undisclosed sum.
SPECIAL REPORT: The dramatic rise and fall of iron ore producers and the recent surge in gold and lithium stocks have been highlighted by a historic review of WA's major listed companies.
SPECIAL REPORT: The number of hostile takeover bids confronting Australian companies may be relatively low, but disruption from sources such as activist groups and shareholder class actions is a growing challenge for directors.
Alwyn Vorster has joined the board of graphite hopeful Mozambi Resources but will continue in his role as chief executive of API Management, which owns the West Pilbara iron ore project.
The owners of two major iron ore developments in the Pilbara have flagged changes to their timetable and ownership structure respectively, as they seek to deal with the sharp fall in iron ore prices.
Tony Poli's Aigle Royal Developments will revive the long-stalled Port Geographe development near Busselton, after it bought a 59-hectare tract of land in a deal worth $13.5 million.
Former Aquila Resources boss Tony Poli is advancing plans to build a new shopping centre in the eastern suburbs, after his property development company bought a vacant site for $2.6 million in a de
Rail infrastructure company Aurizon is positive but cautious about the West Pilbara iron ore project, with chairman John Prescott saying today that, on balance, he expects the development to proceed.
BC Iron executive director Alwyn Vorster has resigned from the company's board, following his appointment as general manager iron ore at Baosteel's majority-owned Aquila Resources.
Melbourne-based gold miner St Barbara has announced plans to appoint former Gindalbie Metals managing director Tim Netscher as chairman, as part of its ongoing board renewal.
Aquila Resources founder Tony Poli has emerged as a potential buyer for the Port Geographe development, in a move that could breathe new life into the long-stalled coastal project.
FEATURE: Having gained notoriety in the 1996 movie Jerry Maguire, the phrase ‘show me the money' will be heard often, and loudly, in business in Western Australia in coming years as capital inflows become capital outflows and funds become harder-than-ever to raise.
Iron ore prices may have softened significantly from about $US130 a tonne during the past year, but that has not stopped local miners ramping up exports.
Mid-tier iron ore miner Mineral Resources has increased its full-year net profit by 28 per cent to $231 million, with the help of a 93 per cent increase in iron ore export volumes.
Westoz Investment Company stated that it almost tripled its reported profit in the 2014 financial year, with an increase in after tax profit from $7.4 million last year to $21.2 million.
Mid-tier iron ore miner Mineral Resources' $70 million investment in six new trains has kicked off its stated 20-year commitment to the Yilgarn region.
FEATURE: Takeovers are a powerful way of delivering short-term returns to investors, as the Total Shareholder Return data released by Morningstar and applied to 700 companies on the Business News BNIQ database.
Baosteel and Aurizon are set to take control of Aquila Resources after another major shareholder threw their support behind the $1.4 billion takeover deal.
Aquila Resources' share price has stabilised at just below its $3.40 per share takeover offer, indicating the market is backing Baosteel and Aurizon to succeed with their $1.4 billion takeover.
Technically, Baosteel's $1.4 billion bid for control of Perth-based Aquila Resources is an iron ore deal; but looked at slightly differently and it's also a gold deal, because the Chinese steel gia
Baosteel and Aurizon look set to gain control of Aquila Resources after the iron ore hopeful rejected a takeover proposal from Mineral Resources, and instead recommended its shareholders accept the current $3.40 per share offer.
Aquila Resources and Mineral Resources placed their shares in a trading halt this morning, ahead of an announcement regarding a “potential corporate transaction”, due Wednesday.
In the latest twist for takeover target Aquila Resources, suitor Baosteel said it would not increase its $1.4 billion offer for the iron ore developer and that it would reconsider its 20 per cent shareholding in the company if the bid was unsuccessful.
Mineral Resources announced today that it plans to use its 12 per cent stake in Aquila Resources to push for a role building and operating the proposed $7 billion West Pilbara iron ore project.
The takeover bid for Aquila Resources took an unexpected turn today when a mystery buyer, believed to be Mineral Resources, spent about $192 million buying a large stake in the Perth company, paying well above the bid price.
Increasingly online-savvy customers have fuelled business and government demand for digital communications advice, which in turn has spurred public relations firms to increase their offering in this specialist area.
