News Articles for Rio Tinto

The Business News annual export review has the latest data on 33 businesses representing $122 billion in outgoing trade. It also shows that while iron ore continues to dominate, the emergence of LNG, agriculture and services will benefit from a lower dollar.

An unexpected windfall could tip $50 million into failed construction company Forge Group as its receivers continue to recover money owed and make debt payments.

Karl Simich and Mark Bennett are justifiably annoyed at having the companies they run added to an investment blacklist; but behind their frustration there is an enormously serious issue for every member of a superannuation fund – and that, in theory, is every working and recently retired Australian.

Premier Colin Barnett has strongly criticised Rio Tinto and BHP Billiton, accusing the major iron ore producers of flooding the market and hurting the state.

The big commodities exporter has stolen a march on Australia with a China deal to use giant ships at cheaper rates.

If Western Australia's small iron ore miners thought all the bad news about falling prices was in the open, they got a shock this week when the two biggest producers, BHP Billiton and Rio Tinto, launched a war of words, complete with threats of fresh expansion programs.

China's new coal-quality rules have ruffled feathers in the Australian coal industry.

Mines and Petroleum Minister Bill Marmion has announced that Western Australia will play a key role in settling global safety standards for emerging remote controlled mining machinery.

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

Civil and mining industry contractor Viento Group has announced a joint venture with 100 per cent indigenous owned Kimberley Pipelines, expanding Viento's services into the pipeline construction industry.

The federal government's RET review has polarised opinion on the future of renewables in Australia.

Global law firm Squire Patton Boggs has grown its Perth corporate practice division with the addition of Simon Rear, who is moving from Allion Legal.

Southern Cross Electrical Engineering has reported a $9.6 million slump in full-year profit to $7.7 million on the back of a 21 per cent fall in revenue to $218.2 million.

Belmont-based contractor GR Engineering Services lifted its full-year profit by 89.3 per cent to $14.2 million, despite a drop in revenue of 0.4 per cent to $114.2 million.

FEATURE: Having gained notoriety in the 1996 movie Jerry Maguire, the phrase ‘show me the money' will be heard often, and loudly, in business in Western Australia in coming years as capital inflows become capital outflows and funds become harder-than-ever to raise.

FEATURE: Two Perth-based organisations – one well established and one relatively new – are taking giant strides towards normalising and encouraging more women in mining workforces.

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.

FEATURE: Industrial uncertainty and an urgent need for more infrastructure are putting the squeeze on iron ore exports through Port Hedland, while productivity increases and transshipment options are also being mulled over statewide.

Waste management company Tox Free Solutions has announced a 60 per cent increase in net profit to 21.7 million on the back of a 30 per cent rise in revenue to $369.9 million.

Engineering and construction contractor Decmil Group has been awarded a $106 million extension on its work at the Manus Island offshore processing facility in Papua New Guinea.

Engineering and construction contractor Decmil Group says its evolution into civil construction projects has helped drive a 10 per cent lift in net profit, while flagging further earnings growth th

Construction contractor Brierty has announced a full-year profit of $9.9 million, a 3 per cent fall from $10.2 million last year, after meeting revenue expectations of $251.1 million.

From mining to retail and everything in between, it seems bigger is better – particularly when the going gets tough.

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.

If a fortune valued at $20 billion is not enough for Australia's richest person, Gina Rinehart, then perhaps she will be happy with $37 billion that is likely to be her net worth at this time next

Western Australia is once again the key player in a money flood, though this time it's outgoing rather than incoming.

Rio Tinto has sold its Rio Tinto Coal Mozambique subsidiary, including the major assets acquired in its $3.9 billion purchase of Riversdale Mining in 2011, for just $US50 million.

Perth-based engineering groups Kerman Contracting and Monadelphous Group have announced contract wins collectively worth more than $300 million at CITIC Pacific Mining's Sino Iron development near Cape Preston.

The high-cost, low-price environment has put the squeeze on iron ore miners.

FEATURE: Perth is in the middle of its biggest wave of office construction in decades, but a sustained burst of new supply means future prospects for commercial developers are increasingly bleak.

Shares in diversified contractor Brierty have risen 18 per cent following news it expects total revenue of around $250 million for the 2013-14 financial year.

The move by Gina Rinehart and Andrew Forrest into beef production may ultimately be more about the land they own than ‘feeding China'.

Driving up the Great Northern Hwy from Midland to Port Hedland, you can't help but marvel at the number of trucks on the road – and be concerned about what lies ahead for wheatbelt communities after the closure of the ‘tier 3' rail lines.

Japan and Australia are officially even better friends, with Prime Minister Tony Abbott and visiting Japanese PM Shinzo Abe swapping compliments at an official dinner in Perth last night.

Tempo Australia has been awarded a $13.4 million contract for engineering and construction work at Rio Tinto's Cape Lambert port expansion in the Pilbara.

A good few months of deal flow is offering hope for a better year.

Decmil Group has won a $26 million contract for the non-process infrastructure at Rio Tinto's Cape Lambert port B project in the Pilbara.

Western Australia-based Southern Cross Electrical Engineering has won a $25 million contract with BHP Billiton Iron Ore for electrical and instrumentation works at the Yarnima power station near Newman.

When it comes to mobile roaming, there's no place like home for Norwood Systems.

OTOC Australia has been awarded a $3 million contract with NRW for the mine process plant in-ground services at the Roy Hill iron ore project in the Pilbara.