News Articles for Rio Tinto

BHP has approved initial funding for its $3 billion-plus South Flank iron ore project in the Pilbara, and the company's top Australian executive said he wanted to hear from local suppliers who could add value to the development.

Brierty has signed a new facility and debt restructure agreement with Bankwest that is conditional on the company's rectification plan at Rio Tinto's Western Turner Syncline project being approved by the iron ore miner.

Southern Cross Electrical Engineering has announced a number of contract wins worth a combined $100 million, with the majority of the work to be carried out by recently acquired, Sydney-based subsidiary Heyday.

Brierty announced today that its $300 million mining contract at Rio Tinto's Western Turner Syncline project, which was undertaken in partnership with three indigenous contractors, has been suspended.

Local contractor Primero Group is set to win its third major contract on a mining project this year while RCR Tomlinson has geared up to supply Rio Tinto's new iron ore mine.

The lobby group representing Australia's big businesses has called on the sector to sign up to its new voluntary payment term code in a bid to stave off regulatory changes.

OPINION: More does not always mean better. This fact of life, told by generations of mothers to their children, is something Australia's banks are discovering as they fight to defend their handsome profits from the latest tax raid.

Big companies are bullying smaller businesses in Western Australia, with more than half reporting they're not being paid on time, according to a new report.

Perth-based contractor Southern Cross Electrical Engineering has won $25 million in contracts for work on Rio Tinto's Amrun bauxite project in Queensland, bringing to about $150 million the value of contracts earned this month.

OPINION: If Rio and BHP thought their political troubles ended when Brendon Grylls lost his seat at the recent election, they had better think again.

Indigenous group Pindari has won a multi-million dollar contract to provide cleaning, grounds maintenance and associated services at nine of Rio Tinto's mine sites in the Pilbara.

Iron ore miners Rio Tinto and Fortescue Metals Group have announced initiatives designed to assist local suppliers, with Rio establishing a dedicated procurement team and FMG shortening payment terms.

The global company that runs many of WA's mine camps believes a technology platform developed with local ICT firm Velrada provides a blueprint for its international operations.

Mining giant Rio Tinto expects further growth in Asia on the back of China's One Belt One Road initiative, which is expected to result in heavy infrastructure investments in the region.

ANALYSIS: With abundant supplies of energy and the raw materials growing Asian economies need, WA is set to ride out the economic headwinds facing the eastern states.

SPECIAL REPORT: The value of investment into WA gold projects is about four times as much as this time last year, while growth in spending on lithium has been even more substantial.

Strandline Resources has attracted Rio Tinto for a $14.5 million farm-in agreement at its heavy mineral sands tenement portfolio in Tanzania.

Mining giant Rio Tinto has made a sluggish start to the year, with first-quarter shipments and production of iron ore affected by bad weather in Western Australia.

Mining giant Rio Tinto has been hit with an additional tax bill of $447 million over a dispute on transfer pricing of commodities to its Singapore marketing hub.

Investment plans for BHP Billiton's South Flank project can proceed with greater certainty following the defeat of the Nationals WA's proposed iron ore levy hike at the ballot box earlier this month, according to the company's asset president of WA iron ore, Edgar Basto.

The appointment of Sam Walsh as a director of Mitsui & Company this week has brought attention to the usually low-profile Japanese multinational, which according to BNiQ Search Engine data has been a major investor in Western Australia's resources industry and is one of the state's largest exporters.

WA Nationals leader Brendon Grylls, who was the target of a $2 million mining industry advertising campaign, today conceded he's lost his seat of Pilbara to Labor's Kevin Michel.

ANALYSIS: One state Liberal Party MP believes that hostility towards the outgoing premier, Colin Barnett, was responsible for up to 10 per cent of the unprecedented swing that swept the Liberal-National governing alliance from power in Saturday's election.

40under40: First Amongst Equals winner Jahna Cedar has built a career blending her business acumen and indigenous heritage.

Rio Tinto chairman Jan du Plessis has confirmed he will retire from his post, ending a term of more than eight years at the head of the Anglo-Australian miner, to become chairman of UK telco giant BT Group.

The decision to sell his commercial business was the first of many steps into the unknown Johannes Pannekoek has taken in his pursuit of a career in art.

Mining giant Rio Tinto will hold back all outstanding performance-related pay of previous chief executive Sam Walsh for at least two years, until investigations into a payments scandal in West Africa are more advanced.

The small diamonds produced in WA are falling out of favour with buyers, leading to questions about the industry's future.

Shares in mining and civil contractor Brierty have tumbled 23 per cent today despite the company announcing a $3.8 million net profit for the six months to December, which the company said was above guidance.

ANALYSIS: Nationals WA leader Brendon Grylls has attacked the debt reduction strategies of both the Liberal and Labor parties as unrealistic. However, he confirmed that, in the event of a hung parliament after the March 11 election, his party would only work with the Liberals to form a new government.

SPECIAL REPORT - MINING SERVICES: Higher commodity prices and investment to maintain iron ore volumes could help lift mining contractors out of the doldrums after several tough years. Click through to see this and links to four other feature stories.

The Royal Flying Doctor Service WA has today announced former Rio Tinto chief executive Sam Walsh as the successor of chair Neville Bassett.

Hancock Prospecting is poised to become Western Australia's biggest private company after a investment and acquisition spree in iron ore and agribusiness which is expected some time this year to push its revenue past that of the incumbent number one for the past 12 years, home builder BGC. A 2018 reranking appears certain following research for the Business News Private Companies list published today in a special report.

Rio Tinto has bounced back to profitability, reporting full-year profit of $US4.6 billion ($A6.1 billion) for 2016 on the back of a jump in iron ore prices.

Fortescue Metals Group looks set to achieve its full-year guidance after outlining steady iron ore shipments and further cost cuts in the December quarter.

OPINION: Expect Brendon Grylls to go hard at BHP Billiton and Rio Tinto over his tax plan ahead of the March state election.

More than $8 billion of greenfields iron ore projects are either proposed or in development, while $450 million of brownfields work is under way as the state's miners plan investments to maintain production.

Woodside Petroleum's impending move to its new offices has provided an unexpected visibility and branding boost, with the oil and gas company's logo appearing on two prominent Perth CBD skyscrapers.

Rio Tinto's uranium-focused subsidiary Energy Resources of Australia expects to report $231 million in impairments for the year to December 2016, in response to further weakness in the depressed market for yellowcake.

Local not-for-profit group Ausum Initiatives has teamed up with Kulbardi, a partly owned and managed Aboriginal office supplies company, to deliver an intensive entrepreneur program for young Aboriginal men and women.