News Articles for Rio Tinto

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.

Mining giant BHP has celebrated the export of its billionth tonne of iron ore to China, after a relationship of more than four decades, but the next billion is not far off.

Mining giant Rio Tinto has been caught up in a financial bind after a contractor working on one of its Pilbara projects collapsed owing an estimated $14 million.

Former executive chairman of the Kimberley Diamond Company, Miles Kennedy, has left the role of managing director at Lucapa Diamond Company as part of a board restructure.

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.

The tougher business climate has prompted some WA companies to cut executive salaries, but most have held the line and some have even awarded pay rises.

Western Australia's largest indigenous corporation has announced it is cutting jobs and assessing its member benefits structure as a result of weak iron ore prices.

Fortescue Metals Group has ended a tough week for the iron ore sector by halving its projected capital expenditure for the 2015 financial year to $US650 million, in response to the continued weakening of the iron ore price.

Engineering construction contractor Primero Group has won its first job at Chevron's Wheatstone gas project, lifting its order book to $50 million.

NRW Holdings chairman Ian Burston has told shareholders the contractor will not be "jerked around by anybody" after revealing it is in a dispute over its largest project at Roy Hill.

The iron ore majors' move to flood the market may see off their small rivals, but a bigger opponent looms large.

The Environmental Protection Authority has given conditional approval for Rio Tinto's Koodaideri iron ore project in the Pilbara, but is cautious about the potential spread of asbestos that could result from where the mining giant proposes to construct a rail corridor.

BGC is still WA's largest private company, but Hancock Prospecting looms large.

The US is leading the charge to cheaper oil and gas, and its industries are taming the internet to turn a buck in the digital world.

Companies are making a strong push to improve support for fly-in, fly-out employees.

Perth-based engineering and construction contractor Civmec has reported a 37.7 per cent rise in net profit for the September quarter to $S11 million, and a 140 per cent leap in revenue to $S170.2 million.

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.

Piaf is relying on philanthropists to bring the 2015 festival to life.

Engine technology developer Orbital Corporation has moved to acquire half of electrical product manufacturer REMSAFE from co-founder Nick Bertucci for $5 million.

The South West may be the scene of a political and environmental battle over bauxite mining not seen for 30 years.

Psst … looking for a bargain? Here's a way to buy $1 for less than $1 by acquiring a fistful of shares in Mt Gibson Iron.

Wesfarmers has appointed Maya vanden Driesen to the position of group general counsel, putting her in charge of a national team of 42 in-house lawyers.

Rio Tinto has reinvested in its partnership with Aboriginal education group Graham (Polly) Farmer Foundation, signing a three-year $2.7 million deal.

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

Our annual Biggest Employers feature has the latest BNiQ data on employment trends in WA, including the companies that are expanding and those that are shrinking, and in-depth analysis of what's happening in mining, construction, health care, accounting, law and other industries.

Mining and civil engineering firm MACA announced today that it had won $47.9 million worth of project contracts from Main Roads WA and mining giant Rio Tinto in the past three months.

Chairman of education provider Navitas, Harvey Collins, has joined the ranks of some of the top business leaders in WA by winning the Australian Institute of Company Directors gold medal award for WA.

Atlas Iron has shrugged off concerns about current market conditions and its thin margins, using its annual general meeting yesterday to remind shareholders of its development track record in an intensely competitive environment as proof it is a survivor committed to doing what it takes.

The state rarely wins in battles with big resources outfits.

As the iron ore majors ramp up production, Fortescue Metals Group has an ace up its sleeve.

Mining contractor Macmahon Holdings has again extended talks with Mongolian government-owned coal miner Erdenes Tavan Tolgoi concerning $30 million it is owed in overdue payments.

Rio Tinto chief executive officer Sam Walsh and chief financial officer Chris Lynch have both had their contracts with the mining giant extended to open-ended tenures.

The big get bigger and the small get crushed.

Colin Barnett's tough talk on iron ore has all the hallmarks of a government fearful of losing control of the narrative.

Business leader Kerry Stokes says the Western Australian economy is heading for its toughest period in two decades, but expects the state will resume healthy growth within a couple of years.

Iron ore production shows no sign of slowing, but getting the ore on the water may be more problematic.

Shares in Perth-based gold explorer Talisman Mining have surged more than 70 per cent after the company announced it had entered into a binding agreement for Swiss-based Glencore's Sinclair nickel project in the Goldfields for $10 million.

Fortescue Metals Group chief executive Nev Power has criticised what he calls "last man standing" expansion strategies by the major iron ore producers in the Pilbara while defending FMG's own expansion strategy.

Verbal and financial volatility is the best way to describe what's happening in Western Australia today.

The Department of Mines and Petroleum is seeking to recover about $11 million in unpaid royalties amid producer disquiet about possible royalty rate increases.