The benchmark iron ore price has jumped to more than $US89 per tonne, continuing its month-long recovery, with the resources sector confirming that shipments to China are continuing as usual.&ld
The Australian share market has suffered its worst day in over four years, closing the day at a six-month low amid a growing panic the coronavirus outbreak will trigger a global recession.
Fortescue Metals Group chair Andrew Forrest has purchased an additional $242 million worth of shares in the company, shortly after Perth-based executives of other leading companies, including Peter Coleman, Ian Testrow and Bill Beament, also made big trades.
Credit Intelligence has appointed prominent banker Mark Paton as an independent non-executive director, following the resignation of Mel Ashton from the board.
Mining services provider Perenti Global has secured $155.5 million in new and extended contracts for works in Australia and Africa through its surface mining operation.
Fortescue Metals Group has reported a near four-fold jump in first-half profit as it cashed in on higher iron ore prices, while analysts said a lower than expected dividend reflected caution on the global economy.
The state government has today pledged to spend $2 million promoting regional tourism and $8 million on aviation, as it ramps-up its response to the worsening coronavirus outbreak.
Four of Perth's most notable business leaders offered their thoughts on how corporations can have a positive impact on the Western Australian community this afternoon, as Business News celebrated its 'Great for the State' series ahead of the first edition for 2020.
Primero Group has increased its order book to $195 million for the 2020 financial year after securing $100 million worth of engineering and construction contracts with Rio Tinto and Fortescue Metals Group.
Private companies and not-for-profit businesses play a prominent role in the West Australian economy, with annual revenue at the top 20 exceeding $32 billion, according to data compiled by Business News.
Fortescue Metals Group is anticipating iron ore exports to be at the upper end of guidance after posting record shipments for the first half of 2020, while also announcing plans to spend $US450 million ($A668 million) on a solar-gas power facility.
The renewal of four major contracts with Fortescue Metals Group and Rio Tinto has maintained Sodexo's status as the largest operator in the state's facilities management sector.
The state government has approved an application by the Yindjibarndi Aboriginal Corporation to build accommodation at Millstream Chichester National Park, with the company to develop glamping tents, caravan sites and a new restaurant at the park.
More than 80 per cent of spending on the Eliwana iron ore project has been through local contractors, Fortescue Metals Group said today, while Premier Mark McGowan announced a major approval had been fast tracked to enable the mine to be completed on schedule.
Nine WA-linked resources businesses are ranked among the country's top 20 corporate taxpayers, despite a widespread perception the industry does not pay its way.
Premier Mark McGowan this morning said direct flights from China were critical to growing WA's tourism industry, as the first direct flight from Shanghai to Perth arrived at Perth Airport.
Fortescue Metals Group won a Supreme Court decision today over an exploration licence application that had been declined because it was processed seconds after the regulator's deadline.
The federal government has announced a $50 million emergency fund to address the loss of wildlife during the nation's bushfire season, as more Australian businesses have pledged millions in combined donations.
Andrew and Nicola Forrest's Minderoo Foundation has committed $70 million to Australia's bushfire response, far exceeding the contributions made by big companies across the country.
NRW Holdings has been awarded works at Fortescue Metals Group's Eliwana iron ore mine and rail project in the Pilbara under an infrastructure contract valued around $138 million, announced last month.
A move to use lasers to perfectly load rail cars is worth about $300 million to BHP and is an example of how the area around the town of Newman is world class in applying technology to resources.
West Perth-based Vysarn announced it has entered a two-year drilling and construction agreement with Fortescue Metals Group for works across its mine sites in the Pilbara.
Fortescue Metals Group has agreed to a $6 million farm-in with Carawine Resources to explore its Paterson project in Western Australia, and a $2 million farm-in with Reward Minerals to explore its potash tenements in the McKay range.
Fortescue Metals Group has awarded a $24 million contract to Australian Ceramics Engineering, primarily to provide offsite refurbishment for its operational sites in the Pilbara.
Perenti Global subsidiary Ausdrill and Fortescue Metals Group have struck separate partnership deals with hockey teams, including the national women's and men's hockey teams.
Fortescue Metals Group has recorded a 5 per cent rise in shipments for the September quarter, buoyed by sustained demand for the steel-making ingredient from China.
NRW Holdings subsidiary, RCR Mining Technologies, has secured a contract to design and construct a fifth relocatable crushing plant for Fortescue Metals Group's Cloudbreak iron ore mine in the Pilbara.
Rio Tinto's 22-year relationship with Black Swan State Theatre Company has come to an end, as it was announced at the theatre company's season launch last night that Fortescue Metals Group will step in as its new principal partner.
The use of renewable energy in the mining sector is being given a boost, with the federal government and Alinta Energy jointly funding a $200 million solar facility that will help to power Fortescue Metals Group's iron ore mines.
Fortescue Metals Group, South32, Iluka Resources, Western Power and Synergy are among a group of 10 resources and energy companies collaborating to develop a toolkit to pre-screen for modern slavery risks within their supply chains.
MACA has secured a $26 million contract at the Fortescue Metals Group-operated Iron Bridge magnetite project in the Pilbara, while NRW Holdings secured a contract in Queensland.
