News Articles for BCI Minerals

Iron ore explorer Sundance Resources has announced a package of cost-cutting measures, including a reduction to its board and staff, in an effort to reduce expenditure amid current market conditions.

Redundancies and cuts to directors' fees have helped BC Iron secure cost reductions at the Nullagine joint venture.

Five Western Australian companies have sought to manage costs by cutting either salaries or board positions during the past month.

Atlas Iron has reduced the size of its board and cut pay for the remaining directors to help reduce costs amid weak iron ore prices.

For the best ringside seat at a bruising encounter don't buy a ticket to a boxing event, sign up for an iron ore forecasting conference which will, for the first time since prices crashed, put the big boys of the industry on the same podium as the small producers.

Psst … looking for a bargain? Here's a way to buy $1 for less than $1 by acquiring a fistful of shares in Mt Gibson Iron.

Tugboat operator Teekay Shipping and the world's fourth largest iron ore miner Fortescue Metals Group have condemned the decision of 56 tugboat workers to bring Port Hedland to a halt for four hours next Wednesday .

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.

Money is moving out of iron ore but where it goes next is the more interesting question, because it seems that some investors are developing a taste for agriculture – a shift that might prove to be a case of leaving the frying pan to land in the fire.

The combined wealth of WA's richest public company directors fell by around $3 billion in the past year, but some individuals bucked the trend.

The big get bigger and the small get crushed.

BC Iron has appointed Brian O'Donnell as a non-executive director and Alwyn Vorster as an executive director.

Chalice Gold Mines founder and executive chairman Tim Goyder has taken the role of managing director in a series of board changes that include Bill Bent stepping down from the position today.

It has been a tough quarter for dealmakers as commodity and share prices slump but some players see promise in the market shake-out. This Special Report includes a fully updated database with 146 deals for the quarter and an updated stockbrokers list.

Iron Ore Holdings confirmed today that its second-largest shareholder 3rd Wave Investors, Brettney and Annie Fogarty's investment vehicle, has accepted BC Iron's $256 million takeover bid for IOH.

Investor interest in base metals stocks is rising, as iron ore process continue to slide south.

BC Iron is one step closer to completing its $256 million takeover bid for the Kerry Stokes-backed Iron Ore Holdings, after major shareholder Australian Capital Equity yesterday accepted the offer.

Asset sales, reporting season, Qantas, Atlas Iron, BC Iron and a feature on architects & planners are among the stories discussed by James Lush from Lush Digital Media with Mark Pownall and Dan

FEATURE: A stubbornly high dollar, falling prices and high operating costs are combining to exert real pressure on smaller players in the iron ore sector.

Pilbara iron ore miner BC Iron has flagged lower production and haulage rates from its Nullagine joint venture operation with Fortescue Metals Group while initiatives are put in place to more efficiently process iron ore from the site.

From mining to retail and everything in between, it seems bigger is better – particularly when the going gets tough.

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.

BC Iron has launched a $256 million takeover bid for Kerry Stokes-backed iron ore play, Iron Ore Holdings.

The big growth in WA's iron ore industry means it accounts for more than half of all jobs in the state's mining sector.

The slump in the price of iron-ore to near 20-month lows has failed to halt the development of assets in Australia and overseas, despite ongoing cost cutting across the sector.

Andrew Forrest has emerged as a surprise backer of Energy and Minerals Australia, taking a major stake in the Perth-based uranium explorer through a much-needed $12 million investment. EMA has also struck a debt-for-equity swap with its noteholders.

Oakajee is being rejuvenated not so much as a mining project but more as an infrastructure play.

BC Iron has beaten iron ore sales guidance from its Nullagine joint venture for the March quarter despite lower than anticipated production in the period.

Energy and Minerals Australia has extended its trade suspension period to almost a month after signalling it has been unable to complete a proposed capital raising.

Rather than a disaster, Troy Buswell's political exit ought to be an opportunity.

BC Iron has reported record half-year net profit and revenue, driven by strong production from its Nullagine joint venture.

Northern Star Resources has been recognised for excellence in the resources sector, winning the fourth annual Craig Oliver award at the RIU Explorers Conference.

Mike Young has been confirmed as the new chief executive of Energy and Minerals Australia as a condition of a deal to secure more debt funding for the uranium explorer.

Iron ore miners in the Pilbara are on track to reach production and shipping targets, despite bad weather hampering operations and affecting some December quarter results.

Mike Young will take an executive role at Energy and Minerals Australia as a condition of a deal to secure more debt funding for the uranium explorer.

Pilbara iron ore producer BC Iron has appointed former BHP executive Peter Wilshaw to its board as a non-executive director.

BC Iron has posted record production and exports during the September quarter, when shareholders received almost one-third of a dollar per share in a $37 million dividend payout.

Investors are betting the experts have got it wrong when it comes to forecasts for the price of iron ore.

BC Iron has appointed Chris Hunt as chief financial officer.Mr Hunt was previously CFO and company secretary at Crosslands Resources and FerrAus.

Manganese miner Consolidated Minerals has boosted its coffers by around $111 million, after selling its 23 per cent stake in iron ore junior BC Iron.