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Australia iron ore magnate Rinehart weakened by court ruling

Australian iron ore magnate Gina Rinehart’s eldest daughter won control of the $3 billion dollar family trust on Thursday in a judgment critical of Rinehart’s former control of the fund and attempts to block the long-running legal dispute. The Supreme ...

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BHP Billiton slams inquiry into Australia’s Iron Ore industry

BHP Billiton said an inquiry into Australia’s iron ore industry was unnecessary.    Speaking on ABC radio, BHP Billiton CEO, Andrew Mackenzie said an inquiry would send the wrong signal to international customers about the country’s commitment to free trade.   Mackenzie ...

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Australia’s BC Iron to exit Brazilian jv as ore price sinks -partner

Australia’s BC Iron Ltd is withdrawing from a joint venture in Brazil aimed at expanding its mining operations overseas due to the downturn in ore prices, Cleveland Mining Co Ltd , its partner, said on Monday.   With iron ore prices about ...

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Australia iron ore ports reopen as cyclone threat eases

Two of the world’s biggest iron ore export terminals, Port Hedland and Dampier in Australia, reopened on Tuesday following brief shutdowns due to the threat of a cyclone that never materialised, the Pilbara Ports Authority said. Port Hedland, used by ...

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Why prospects of Australia iron ore miners have suddenly brightened

Falling fuel costs and a softer Aussie dollar are bolstering the near-term prospects of Australia’s small miners, giving them a reprieve from the weakest iron ore prices in more than half a decade. Operating margins have improved by A$16 ($13) ...

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Tug boat operators plan short strike at top Australian iron ore port

Tug boat engineers at Port Hedland, Australia’s biggest iron ore port, plan to stop work for four hours on Nov. 12 over a pay dispute, threatening exports from BHP Billiton and Fortescue Metals Group , according to tug operator Teekay Shipping . ...

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Australia’s Arrium sees strong iron ore demand, shares jump

* Annual iron ore production up 51 pct * Iron ore cash costs at A$48 a tonne beat company forecast * Shares jump 9 pct outpacing broader market   (Adds production, cost details, share price reaction)   Australian steel maker and iron ...

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Tug engineers to go on strike at Australia’s top iron ore port

Tug boat engineers at Port Hedland, Australia’s biggest iron ore port, will stop work for four hours on Aug. 9, 11 and 13 over a pay dispute, hitting exports from BHP Billiton and Fortescue Metals Group , tug operator Teekay Shipping said ...

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INTERVIEW-Fortescue says increases iron ore output as more China mines close

 Fortescue chief says company mining above its capacity rate * Sees rising Chinese market as higher cost domestic mines shut * With major expansion work over, focus is on debts, costs   By James Regan   KALGOORLIE, Australia, Aug 5 ...

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