News Articles for Cliffs Natural Resources

Koolyanobbing bail-out cost revealed as $182m

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The state government's Koolyanobbing mine bail out will cost $182 million, according to budget details released today.

MinRes loads first ore at Koolyanobbing

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Chris Ellison-led Mineral Resources has loaded the first train of iron ore from its recently acquired Koolyanobbing mine near Southern Cross.

Mid-tier miners iron out positions

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SPECIAL REPORT: Acquisitions and pricing discounts are shaking up the rankings of WA's main iron ore exporters.

Aurizon earnings dented by iron ore haulage

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The loss of iron ore haulage contracts with Cliffs Natural Resources and Mount Gibson Iron is expected to dent rail operator Aurizon's earnings by about $50 million in the 2019 financial year.

BGC cuts Perth staff

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BGC Contracting has announced personnel cuts within its Perth head office as part of a restructure that will also move its mining chief operating officer to Brisbane as the company shifts its focus to the east coast.

Big spenders mining wealth

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More than $12 billion of mining projects are in the pipeline for WA and likely to proceed, with major iron ore developments the biggest contributor.

Iron ore drag on Aurizon performance

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Iron ore revenue for rail operator Aurizon dropped 9 per cent in the first half of the financial year, although the business overall delivered a big increase in profit.

Energy, gold players building export case

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Iron ore producers have maintained their dominance over the BNiQ Search Engine Biggest Exporters list, as LNG producers are slow to start up. Click through to see the annual list of the state's biggest exporting companies.

EPA gives tick for Cliffs iron ore project

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The Environmental Protection Authority has recommended approval of global miner Cliffs Natural Resources' plans to extend its Koolyanobbing iron ore operations, as Mineral Resources continues to seek approval for its own expansion plans in the same region.

Price slump hits iron ore revenue

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Iron ore shipments contributed more than $45 billion to the Western Australian economy in the 12 months to June, a figure well down on last year, according to BNiQ, despite a pick-up in volumes by the state's major producers.

Monadelphous in $140m of new contracts

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A fuel supply system at Rio Tinto's Cape Lambert port and work on a loading jetty at Ichthys's Darwin LNG facilities are among $140 million of contracts recently won by Monadelphous.

Forrest renews iron ore inquiry calls

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The consumer watchdog has sought further information from miner Fortescue Metals Group on its proposed tie-up with Brazilian iron ore giant Vale.

BGC in $520m Cliffs extension

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One of the state's largest mining services companies has received a boost, with BGC Contracting securing a five-year contract extension worth $520 million at Cliffs Natural Resources' Koolyanobbing iron ore mine.

Currency drop provides export relief

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SPECIAL REPORT: Earnings for the state from the powerhouse minerals and energy industries have softened, but agriculture, among other sectors, will create opportunities. Business News also takes an in depth look at Bunbury port, where a big expansion plan needs community backing and solid regional demand growth.

Locals powerless to stem bleeding

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As grim as the iron ore outlook appears for some of WA's smaller miners, the state government, too, stands to lose out amid the sector's upheaval.

Iron ore going from hero to zero?

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You don't need to listen too closely to hear the pips squeaking in Western Australia's iron ore lemon after a week-long debate about the state's most important industry, which appears to be heading for a crisis that will hit companies and governments in equal measure.

BHP rules out buying mid-tier miners

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Iron ore rivals BHP Billiton and Rio Tinto are united in their forecast more high-cost producers will leave the market, but have stopped short of predicting how Western Australia's higher-cost producers will fare over time.

Mining M&A to pick up: EY

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The financial incentives for higher cost mid-tier miners to either share infrastructure or merge is at an all-time high, according to accounting firm EY.

FMG adds value with magnetite facility

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

Grim outlook for Koolyanobbing

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The big get bigger and the small get crushed.

Williams to Roy Hill

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Colin Williams has been appointed chief operating officer at Roy Hill, following his resignation in June as senior vice-president Asia Pacific Iron Ore at Cliffs Natural Resources.

Investor caution meets capital flight

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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.

Prices down, exports up

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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.

US calling for resources capital flow

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Western Australia is once again the key player in a money flood, though this time it's outgoing rather than incoming.

Pluton to raise $80m through placement

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Struggling Perth-based mineral explorer Pluton Resources has announced it intends to raise about $80 million through the issue of about 8 billion shares.

BGC backs FIFO Families

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BGC Contracting has joined forces with Western Australian business FIFO Families to offer its 2,000 fly-in, fly-out workers and their families access to extra support.

Pilbara miners push the envelope

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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.

High dollar and commodity price slump contribute to slow rate of export growth

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WA has increased its lead as the country's largest exporter, but the rate of growth has slowed.

Fox shifts focus to Queensland Coal

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Terry Streeter's Fox Resources has entered an agreement to purchase a series of coal tenements in Queensland for $2.5 million in cash and shares.

Esperance port expansion to put Yilgarn iron ore producers in the box seat

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IRON ore producers in the state's Yilgarn region are not immune from the hurdles facing producers in the Pilbara and Mid West – port capacity and access issues, transportation and infrastructure –

BGC wins $350m contract extension

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BGC Contracting has won a three-and-a-half year extension to its mining contract at Atlas Iron's Wodgina iron ore mine in the Pilbara.

Ports progress in stages points to an oresome outcome

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Huge potential could be added to WA's export terminals capacity over the next decade.

QR eyes multi-user rail model for iron ore

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Two major rail freight operators are pursuing growth opportunites in WA's mining sector.