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.
The appointment of investment banker Michael Ashforth as manager of the Bennett family's $1.5 billion fortune highlights the maturing of Western Australia's private wealth market.
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.
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
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.
In this week's edition of Business News Background, head of content Mark Pownall and other reporters discuss the top stories of the week, including Gina Rinehart's move into beef processing, Michae
Gina Rinehart has followed fellow iron ore magnate Andrew Forrest's lead and expanded her interests to include cattle farming, reportedly spending $40 million on a half-stake in two cattle stations
Western Australia's inaugural Telstra Business Woman of the Year says professional women still encounter many of the same barriers today as they did two decades ago.
Engineering contractor Thiess has been awarded a $330 million contract to construct the process plant facilities for the Roy Hill iron ore mine in the Pilbara (with updated list of 36 major engineering construction contracts awarded in past year).
The Gina Rinehart-backed Sun Resources has purchased a stake in oil and gas leases in the prospective Eagle Ford and Austin Chalk shale formations in the American state of Texas.
Gina Rinehart has virtually ensured her family's long-held dream of operating its own iron ore mine, securing final funding for her massive Roy Hill project.
Is the world about to become a better place? That's not a philosophical question, it's simply an observation that economic conditions might be better than we realise, as shown by recent developments in China, the US and the UK.
The developer of the $10 billion Roy Hill iron ore project has secured a unique insurance scheme which safeguards the project against construction delays and wage blowouts caused by cyclones on the volatile Pilbara coastline.
The recent publication of two listings of influential business leaders provided food for thought about the growing international influence on Western Australia.
Western Australian business chiefs Kevin Gallagher, Gina Rinehart and Richard Goyder were recognised in separate awards events across the country last night.
Decmil has been awarded a $37.5 million contract for the design and construction of diesel fuel infrastructure at Hancock Prospecting's Roy Hill project in the Pilbara.
Mining billionaire Gina Rinehart has been awarded an honorary doctorate from Queensland's Bond University in recognition of her contribution to the Australian economy.
Downer EDI is the latest contractor to be awarded work at Hancock Prospecting's $10 billion Roy Hill iron ore project, as new reports suggest the project is close to securing its long-awaited debt financing.
For the second consecutive year, Gina Rinehart has been named as a Visionary CEO at an awards ceremony run by consulting group McMillan Woods in Kuala Lumpur.
It will probably take Gina Rinehart a few years to catch Bill Gates in the race to be the world's richest person, but it is easy to see how she might overhaul the Microsoft founder's swag of $75 billion.
Gina Rinehart's Hancock Prospecting is set to boost its stake in oil and gas explorer Sun Resources, agreeing to invest a further $2 million in the company in exchange for around 65 million shares.
Gina Rinehart's Hancock Prospecting has notched up almost $2 billion in revenue and an operating profit of $601 million in the 2013 financial year, which makes it one of Australia's most lucrative private companies despite being the group's lowest profit in four years.
It's hard to imagine anyone being unhappy with Andrew and Nicola Forrest's remarkably generous $65 million donation to establish a system of educational scholarships to rival that created by Cecil Rhodes more than 100 years ago.
The $10 billion tragedy of Western Australia's failed magnetite iron ore processing experiment risks becoming something worse next year, as the price is pushed down by a flood of iron ore supply an