News Articles for Cliffs Natural Resources

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

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

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

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 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.

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 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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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

The big get bigger and the small get crushed.

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.

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.

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

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 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.

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.

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

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.

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 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.

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

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