Australian shares have achieved back-to-back gains for the first time since the coronavirus crisis began, rallying in the final minutes of trade on reports that US politicians have reached a deal on a massive US stimulus deal to shore up the world's biggest economy.
Mining companies are scaling back their operations, with Newmont Corporation and Kirkland Lake Gold cutting exploration in Australia and others including Rio Tinto shelving some of their international mines.
Fortescue Metals Group said today it expected to meet its annual shipments guidance, as the mining sector started adapting to travel restrictions that will crimp fly-in, fly-out operations.
The Australian share market has dived to an almost eight-year low as borders close and businesses shut in efforts to slow the spread of the coronavirus.
BHP will start paying invoices from small business suppliers after just seven days and has created a $6 million fund to support labour hire companies affected by COVID-19.
Rio Tinto has been ordered to pay long-deferred incentives worth nearly $7 million to its former chief executive Sam Walsh following a formal dispute resolution process.
The Australian share market has suffered yet another day of carnage, plunging again after US President Donald Trump suspended travel from Europe for a month to limit the coronavirus pandemic.
The Australian stock market has suffered its worst single day loss in nearly a dozen years, as a brewing price war over oil added to the global tumult.
The Australian stock market has shed more than $100 billion as it sinks to its lowest level in over a year, following US markets lower after a rise in the number of coronavirus cases.
Western Australia-based businesses have won 70 of 134 contracts awarded for work on five major mining projects, while state government data shows 53 tenders were awarded to businesses with local content plans in the 2019 financial year.
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.
Rio Tinto today reported the discovery of around 200 million tonnes of iron ore reserves at its Western Range deposit, following the completion of a pre-feasibility study and the signing of a non-b
Our board moves wrap includes Brett Fraser, Stuart Usher, Jay Stephenson, Jacqueline Barry, Hinda Gharbi, Jennifer Nason, Ngaire Woods, and Russell Hardwick.
Rio Tinto has purchased a third jet for Western Australia's aeromedical fleet, as part of a six-year partnership extension with the Royal Flying Doctor Service (RFDS).
Miner Rio Tinto has lowered its forecast for the volume of iron ore it expects to ship from the Pilbara region after tropical cyclone Damien hit the coast of Western Australia.
Rio Tinto has announced the development of a $US98 million ($A144 million) solar plant at its Koodaideri mine in the Pilbara, which is expected to supply around two thirds of the mine's average electricity demand once completed.
A joint venture between diversified engineering consultancy Calibre Group and indigenous company Tocomwall has been contracted by the state government to develop a monitoring program for the Aboriginal rock art on Murujuga (Burrup Peninsula).
Rio Tinto has contracted New Zealand business Scott Technology to build an automated mine site laboratory for its Koodaideri iron ore project in the Pilbara.
Julian Wright has commenced legal action in the Supreme Court, claiming he was defrauded when he sold his share of the family company to his siblings, 'rich listers' Angela Bennett and the late Michael Wright.
Rio Tinto has contracted Perth-based Southern Cross Electrical Engineering to complete rehabilitation works on its Gove Peninsula operations in the Northern Territory.
Rio Tinto and Telstra have announced shorter payment terms for small and medium Australian businesses, whereby SMEs will be paid within 20 days of a valid invoice receipt.
Kerman Contracting has secured a $55 million sub-contract from engineering firm Mondium to complete design and construction works at Rio Tinto's iron ore mine near Tom Price.
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.
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.
Rio Tinto has scrapped a practice that allowed it to discount payments to small business suppliers, two weeks after the state government forced the Water Corporation to make a similar change.
Rio Tinto has confirmed it will proceed with the next phase of its exploration joint venture at the Citadel copper-gold project, located in the Pilbara's Paterson province, but has extended the time it has to spend $14 million from three years to five years.
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.
Rio Tinto has posted a 3 per cent drop in iron ore shipments in 2019 as the Anglo-Australian miner's operations faced disruptions due to cyclone and a fire at a port facility.
What Christmas gave to Australian retailers, the bushfires are taking away, but there could be worse to come for shopkeepers and shopping centre owners when the latest international trends wash up here.
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.
Rio Tinto has awarded Perth-based engineering company Mondium with a $400 million contract for works at the Western Turner Syncline phase two mine, located in the Pilbara.
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.
