The falling price of iron ore is putting substantial pressure on local miners, particularly small and mid-sized players, but the price of the bulk commodity is still well above levels achieved just more than a decade ago.
For the best ringside seat at a bruising encounter don't buy a ticket to a boxing event, sign up for an iron ore forecasting conference which will, for the first time since prices crashed, put the big boys of the industry on the same podium as the small producers.
Money is moving out of iron ore but where it goes next is the more interesting question, because it seems that some investors are developing a taste for agriculture – a shift that might prove to be a case of leaving the frying pan to land in the fire.
Mining at Mount Gibson Iron's Koolan Island main pit in the Kimberley has been suspended, after a slump on Friday resulted in an area of instability in the seawall.
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.
Mount Gibson Iron has added to the run of strong half-year results from iron ore miners, more than doubling its net profit on the back of record sales. The market, however, marked down its shares after the company confirmed it would not pay interim dividends.
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.
Gindalbie Metals has agreed to sell its Shine hematite iron prospect to Mount Gibson Iron for $15 million as it focuses attention on bringing its Karara magnetite project to full production.
The market capitalisation of Western Australia's top 100 listed companies has fallen on the back of lower commodity prices, marking an end to four months of consecutive gains.
Gindalbie Metals says it will continue to purchase iron ore from third parties to make up for a shortfall of concentrator production at its Karara mine, as the company warned shareholders it will need additional capital investment before it can reach capacity at its main magnetite project.
Australia's two biggest exports, iron ore and gas, are facing renewed price pressure, a situation which is starting to be reflected in the exchange rate and which could precede a big fall in the Au
Mount Gibson Iron says it is targeting higher sales volumes over the next financial year, but a record revenue result was not able to halt a dip in profit due to challenging conditions in the iron
Iron ore miner Mount Gibson Iron has reported its second best quarterly sales figures in the June 2013 quarter, and record full year sales, despite a decline in production.
IT'S easy to get excited about what's happening in the fast-moving world of currency values but it's wrong to describe what's happening as a ‘war', because it's not; what's going on is simply econo
Forge Group has bucked the trend of mining services providers downgrading expectations, forecasting a profit improvement in FY2013 of between 28 and 43 per cent.
WHILE the recent period of engagement with China goes back 40 years in diplomatic terms, and well into the 1980s at a trade level, there are plenty of cautionary tales from those doing regular busi
MID West iron ore projects have the potential to produce 67 million tonnes of iron ore per year, earning the state annualised royalties in the range of $42 million.
A DECADE ago, engineering and construction contractor Monadelphous Group just made it into a listing of the state's 50 largest companies, with a market capitalisaton of $71 million.
Paladin Energy has appointed former Mount Gibson Iron chief financial officer Alan Rule to replace Garry Korte, who has been poached by Gina Rinehart's Roy Hill Holdings, a subsidiary of Hancock Pr
Mount Gibson Iron chairman Geoff Hill has secured final control of the iron ore miner's board, after the last of his critics, Craig Readhead, resigned today.
The controversy over director independence at Mount Gibson Iron has taken another surprise twist, with a majority of the board resolving that one of its existing members should be reclassified as i
One day after being praised by chairman Geoff Hill at the company's annual meeting, iron ore miner Mount Gibson Iron has announced that managing director Luke Tonkin will step down from the role.
Mount Gibson Iron has announced the appointment of two new directors as the company's board grapples with a continuing rift over the independence of its chairman Geoff Hill.
Mount Gibson Iron has agreed to settle a long-running US$114 million dispute with a Chinese steel mill, by signing two off-take agreements that will result in the partial recovery of the money it i
The boardroom battles at Mt Gibson Iron took a strange twist this week, with the ASX's web site apparently showing that the three directors who opposed the recent election of new chairman Geoff Hil
