Iron Ore Holdings

Abbott in funding backlash

A slowdown in the mining sector could have positive flow-on effects for employers in other industries, Business News' annual survey of the state's 100 largest employers has found.

Iron Ore Holdings is a step closer to kicking off its Iron Valley joint venture with Mineral Resources in the central Pilbara, after receiving approval today from the Department of Mines and Petroleum.

OF all the listed companies looking to join the ranks of Western Australian iron ore producers, Iron Ore Holdings stands apart.

Iron Ore Holdings has struck its fifth deal in the past 18 months, agreeing to sell its North Marillana tenements to private company Maiden Iron.

Iron Ore Holdings had mixed news for shareholders yesterday, with lower costs likely to bolster its major project but heritage issues causing delays at a second project involving Mineral Resources.

It’s too early to pass judgement in the case of Forge Group’s troubles, but the signs aren’t encouraging.

FEATURE: Salaries have come under huge pressure during the past year as widespread cost cutting takes its toll on executives’ take-home pay.

Mining services company Mineral Resources is close to implementing ambitious plans to develop new transhipment facilities in the Pilbara and in Cockburn Sound to support growth in iron ore exports.

Iron Ore Holdings has taken another step towards the commencement of its Buckland iron ore project in the Pilbara, gaining environmental approval from the state government for its mine and associated infrastructure and haul roads.

Aspiring iron ore miners Flinders Mines and Rutila Resources have joined forces, with backing from private New Zealand company Todd Corporation, to assess the development of an integrated rail and port project in the Pilbara.

Iron Ore Holdings has announced its development partner mining services company Mineral Resources has begun construction on its Iron Valley Project.

Two major events last week highlighted the private sector’s desire to deliver new port infrastructure, and it’s a trend the Barnett government could take even further.

Iron Ore Holdings’ Buckland project has been deemed technically and commercially viable following the completion of a feasibility study at a cost of about $30 million.

Katana Asset Management wins top Aussie fund ranking as Euroz expands investment management business.

Iron Ore Holdings has executed lease agreements with the Dampier Port Authority for the development of a port facility at Cape Preston East.

The iron ore and gold mining industries have served Western Australia well during the past decade, but that does not mean they will do the same job over the next decade, especially if the switch to other minerals evident on world markets gathers pace.

BC Iron has launched a $256 million takeover bid for Kerry Stokes-backed iron ore play, Iron Ore Holdings.

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.

FEATURE: A stubbornly high dollar, falling prices and high operating costs are combining to exert real pressure on smaller players in the iron ore sector.

The continuing strength of the Australian dollar and flat-to-falling commodity prices remain concerns for the economy.

BC Iron is one step closer to completing its $256 million takeover bid for the Kerry Stokes-backed Iron Ore Holdings, after major shareholder Australian Capital Equity yesterday accepted the offer.

Investor interest in base metals stocks is rising, as iron ore process continue to slide south.

Iron Ore Holdings confirmed today that its second-largest shareholder 3rd Wave Investors, Brettney and Annie Fogarty’s investment vehicle, has accepted BC Iron’s $256 million takeover bid for IOH.

It has been a tough quarter for dealmakers as commodity and share prices slump but some players see promise in the market shake-out. This Special Report includes a fully updated database with 146 deals for the quarter and an updated stockbrokers list.

BC Iron has appointed Brian O’Donnell as a non-executive director and Alwyn Vorster as an executive director.The appointments follow news that BC Iron declared its off-market takeover offer for Iron Ore Holdings unconditional on October 3.

China’s maturing economy, not a conspiracy of collusion, is behind the actions of WA’s two biggest iron ore miners.

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.

London may seem like an odd place to be picking over the entrails of the world’s resources industries, but the title of the Mines and Money conference says it all, really.

Small iron ore miners operating in a $70/t environment are struggling, but in a different way so are the majors battling to satisfy investor expectations.

Iron ore miner BC Iron has fallen into the red with a net loss of $158.5 million for the financial year, on the back of impairments and falling commodity prices, and has declared no dividend payout.

BC Iron says it's doing okay in the face of falling iron ore prices and might even diversify into gold or other metals in the future.

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.

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

Former Western Australian premier Richard Court has been named Australia’s next ambassador to Japan.

BC Iron is branching out of its iron ore focus by spending up to $10.5 million as part of a joint venture with freshly listed sulphate of potash explorer Kalium Lakes.

Trans-shipment has been floated as a solution to capacity constraints at bulk export ports in the state’s north.