News Articles

News 09 Feb 2023

First coal shipment to China stokes trade optimism

The trade minister says an improvement in the trade relationship with Beijing is welcome as the first coal shipment in years awaits Chinese customs clearance.

Mining 29 Aug 2022

Work starts on MinRes’ $3bn Onslow project

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.

Special Reports 12 May 2020

Challenges risk juniors’ pipeline

Tougher restrictions for securing foreign investment is the latest hurdle for miners seeking to develop projects.

Mining 02 Apr 2019

Fortescue’s $3.7bn Iron Bridge gets green light

Fortescue Metals Group and joint venture partners Formosa Plastics Group and Baosteel Resources have approved the $US2.6 billion ($3.7 billion) development of the Iron Bridge magnetite project in the Pilbara, with the iron ore miner assuring the market it will not repeat the mistakes of earlier magnetite projects.

Contracts 05 Oct 2017

K2fly wins work with API

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.

Appointments 18 May 2016

Board Moves 18 May 2016

Morgan Ball will be stepping down as the managing director of BC Iron.

Mining 23 Mar 2016

Vorster joins graphite explorer

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.

Infrastructure 12 Nov 2015

Aurizon defends buybacks over dividend

Australia's largest rail freight operator Aurizon has defended its decision to carry out share buybacks rather than offering a special dividend.

Mining 02 Nov 2015

Pilbara resets as iron ore majors shift spending focus

SPECIAL REPORT: What's next for the iron ore sector, as the final two ‘mega' iron ore projects approach completion in the Pilbara?

Property 11 Sep 2015

Woolies to move in on Coles’ patch

Woolworths is expected to develop a supermarket on a site in Singleton, south of Golden Bay, where rival Coles was planning to build one of its stores.

Government 01 Jul 2015

CCI: 4% growth for 2015-16

Dull consumer spending growth and dramatically lower business investment are ahead for the state's economy in 2015-16, according to the latest Chamber of Commerce and Industry WA Outlook,

Infrastructure 27 May 2015

State govt moves forward with Anketell port project

The state government has begun acquiring land for the development of a deepwater port at Anketell Point near Karratha, which could potentially be the last major port to be built in the Pilbara.

Deals 11 May 2015

Aurizon extends iron ore timetable, Todd buys up

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.

Mining 19 Dec 2014

Big investors back new mines

There are not many mining projects on the cards for WA, but there are still opportunities in the sector for engineers and contractors.

Financial Services 17 Nov 2014

ANZ joins West Pilbara partners

Aurizon's West Pilbara iron ore joint venture has won backing from one of Australia's big four banks, ANZ Banking Group.

Infrastructure 12 Nov 2014

Aurizon cautious on iron ore project

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.

Mining 12 Nov 2014

Forrest hints at diversification – later

Andrew Forrest has reiterated his support for Fortescue Metals Group diversifying its operations into other commodities, but said there were no immediate plans to pursue nickel, or oil and gas over its core iron ore business.

Appointments 03 Nov 2014

Vorster in GM role at Aquila

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.

Mining 27 Oct 2014

FMG adds value with magnetite facility

As the iron ore majors ramp up production, Fortescue Metals Group has an ace up its sleeve.

Government 25 Aug 2014

Investor caution meets capital flight

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.

Government 18 Aug 2014

Prices down, exports up

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.

Mining 14 Aug 2014

Mineral Resources profit jumps by 28%

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.

Mining 23 Jul 2014

Mineral Resources launches $70m rail fleet

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.

Deals 07 Jul 2014

Market awaits strong lead

FEATURE: The June quarter presented a broad range of transactions for corporate players, however a noticeable lack of direction remains.

Opinion 04 Jul 2014

Plenty of economic upside

For many business people the current conditions seem very challenging.

Deals 25 Jun 2014

Baosteel, Aurizon tighten grip on Aquila

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.

Deals 23 Jun 2014

Aquila bid ‘unfair but reasonable’

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.

Opinion 20 Jun 2014

No boundaries for enterprise

The resources sector continues to be critical to WA's prosperity but smaller, less glamorous industries also have great stories to tell.

Opinion 18 Jun 2014

Baosteel plays to the power

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

Deals 18 Jun 2014

Baosteel set to win Aquila takeover

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.

Deals 16 Jun 2014

Aquila, MinRes halt trade ahead of 'potential transaction'

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.

Deals 13 Jun 2014

Aquila shares slip as Baosteel shuns higher bid

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.

Deals 12 Jun 2014

Mineral Resources wants to build Aquila project

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.

Financial Services 11 Jun 2014

Aquila takeover heats up with mystery buy

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.

Mining 10 Jun 2014

Spin doctors offer digital remedy

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.

Deals 05 Jun 2014

Clock ticking on Aquila takeover

Aquila Resources will respond to a $1.4 billion joint takeover bid from listed railway operator Aurizon and Chinese steel giant Baosteel within the next two weeks following the dispatch of a bidders' statement today.

Mining 30 May 2014

Miners steel for price uncertainty

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.

Deals 29 May 2014

Aquila takeover gets FIRB all-clear

Chinese steel giant Baosteel and listed railway operator Aurizon have cleared a key hurdle in their $1.4 billion joint takeover bid for Perth-based Aquila Resources, with the Foreign Investment Review Board giving the green light to the proposed deal.

Opinion 15 May 2014

Resources positivity gains currency

It may not be a feeding frenzy, yet, but the flood of deals in the Australian mining industry is a pointer to a significant and very positive mood swing.

Opinion 13 May 2014

China takes new route on ore

The $1.4 billion joint bid by Baosteel and Aurizon for control of Perth-based Aquila Resources marks a new wave of Chinese investment interest in WA's iron ore.

News Articles for Baosteel

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