Baosteel acquires Aquila, fends-off competition
Chinese steelmaker Baosteel has managed to beat rival bidders and claim control over Aquila Resources after co-founders Charles Bass and Tony Poli agreed to sell their stakes into...
Glencore to ramp up copper production with major investment in Ernest Henry Mining
Diversified miner Glencore is set to ramp up copper production from its Ernest Henry Mining, near Cloncurry in north-west Queensland, Australia, from 3 million...
Santos and GDF Suez terminate floating LNG project
Santos and GDF Suez have abandoned their multi-billion dollar plan to develop three natural gas fields offshore Australia by utilising innovative floating liquified natural gas (LNG) technology...
K&L advises Karoon on US$800m exploration permits sale
Karoon Gas Australia Limited has hired global law firm K&L Gates as legal representative in the sale of its 40% equity interest in Browse...
New technology could turn mining wastewater to value for miners
A new cost-effective technology to treat mining wastewater and reduce sludge — called Virtual Curtain — has been introduced by Commonwealth Scientific and Industrial...
BHP sacks 170 jobs from Mount Whaleback; provokes wrath from CFMEU
BHP Billiton continued with its cost cutting and productivity drive efforts as the company cut 170 jobs at its Mount Whaleback iron ore on...
Metso snubs Weirs’ latest takeover bid
Finland’s Metso — a leading process performance provider in the mining, construction and oil & gas industries — has rebuffed Scottish Weir Group’s second, improved takeover...
Unnecessary punitive imposts are hurting Australia’s aluminium industry, Council says
The Australian Aluminium Council has urged the Federal Government to lift all unnecessary imposts on the country’s aluminium industry currently facing a climate of...
CFMEU commends NSW Government for broadening eligibility criteria for Resources for Regions program
The New South Wales Government has decided to broaden the eligibility criteria for Resources for Regions funding, with 11 communities eligible for funding under...
Low uranium prices shut another mine
Australia’s Paladin Energy has announced that it has ceased production at its Kayelekera mine in Malawi, citing “continuing deterioration in the uranium price” as a...
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Responding to manufacturing demand and performance signals
Australian manufacturers are navigating a challenging environment. Just as output had returned to growth, higher fuel and freight costs, rising input prices and global supply chain disruption renewed pressure on margins and cash flow.
