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.
Laing O'Rourke had a pyrrhic victory in the Court of Appeal today, when it managed to overturn a previous adverse ruling but it appears the construction contractor still won't be getting the $45 million it was awarded by an adjudicator in 2015.
Spanish contractor Duro Felguera has suspended ongoing obligations to Samsung C&T, after the Roy Hill project head contractor refused to pay out on five recent court adjudications.
Spanish contractor Duro Felguera has won a legal battle with Samsung C&T over the jurisdiction of a contractual dispute for work on the $10 billion Roy Hill project, with the next stage to play out infront of Singaporean arbitrators.
It's the end of the beginning for what had been Western Australia's only remaining major iron ore project under construction, Citic Pacific's Sino Iron, according to chief executive Chen Zeng, as the final two of six magnetite ore processing lines enter production.
Two Rio Tinto iron ore project expansions worth a total of $367 million have been approved by the state government, extending the life of the operations and helping the company maintain its production levels in the medium term.
Fortescue Metals Group has broken BHP Billiton's monopoly on tug services at Port Hedland, after being named the successful bidder for a second towage licence at what is the world's biggest bulk export port.
The recently established Roy Hill Community Foundation has launched its first initiative at a primary school in Port Hedland, after securing $10 million in commitments.
Billionaire Gina Rinehart has appointed a new executive director and a new chief executive at Hancock Prospecting and foreshadowed plans to recruit additional senior executives to run its commercial and agribusiness operations.
Fortescue Metals Group plans to move to a full owner-operator model at its Christmas Creek mining operations after Downer EDI's contract expires at the end of September.
Blackburne managing director Paul Blackburne was last night named the 2016 Business News 40under40 First Amongst Equals, ahead of a talented and diverse field of candidates.
As five women and one male champion were honoured at this year's Chamber of Minerals and Energy's women in resources awards, Premier Colin Barnett declared the resources industry to have reached a mature level of growth that will likely be eclipsed by advances in the state's other sectors.
NRW Holdings emerged from a trading halt this morning with its share price nearly tripling in value on the back of news yesterday that its joint venture with Salini Impregilo had been named the preferred contractor for the $2 billion Forrestfield-Airport Rail link.
Iron ore miner Roy Hill has officially taken control of its mine, rail and port operations in the Pilbara from lead construction contractor Samsung C&T, with the company now commencing ramp-up of production to target the nameplate 55 million tonnes per annum capacity.
Billionaire Gina Rinehart has seen off the first shipment of iron ore from her $10 billion Roy Hill project, on the same day BC Iron entered a trading halt ahead of a review of its Nullagine joint venture project.
Billionaire Gina Rinehart is excited about the Roy Hill project's expected first iron ore shipment this week despite the commodity trading at a fresh 10-year low.
A third-party arbitrator will be called in to settle a dispute between Gina Rinehart's Roy Hill Holdings and its key construction contractor, Samsung C&T.
The state government says the shipping capacity of Port Hedland could increase by 16 per cent to 577 million tonnes, opening up the possibility of further growth in iron ore exports through the existing harbour.
Belmont-based Swift Networks is seeking an ASX listing by entering into a heads of agreement with Stanfield Funds Management, while Stanfield has dropped plans to acquire Singapore-based tech firm Sprooki.
Shares in NRW Holdings have nearly doubled in value after the company lifted a trading suspension following two wins in the Supreme Court of Western Australia in its dispute with Samsung C&T.
A single worker en route to the Roy Hill mine site has been found to be in possession of cannabis, after police searching for illicit drugs visited a number of remote Pilbara worksites serviced by fly-in, fly-out workers.
It should be clear by now to Andrew Forrest that his campaign for a political inquiry into the iron ore industry has done the company he runs, Fortescue Metals Group, more harm than good – and might even have stirred up trouble for another local billionaire, Gina Rinehart.
Andrew Forrest's worst nightmare is that he will one day relive his painful experience with pioneering low-grade nickel ore processor Anaconda Nickel; so surely he must have suffered an ‘Anaconda moment' when the iron ore price fell below $US50 a tonne overnight.
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.
A dispute between privately owned Alinta Energy and Horizon Power hangs over state government plans to overhaul the north-west's unregulated electricity network.
