Mining giant Rio Tinto has paid $125 million to a major Aboriginal group in the Pilbara and is likely to contribute more in future after underpaying royalties over many years.
Battery-electric trains remain some way off for Western Australia's largest grain handler as fellow heavy rail users in the mining industry press ahead with the technology to decarbonise their operations.
Heavy rail users need to standardise parts if they want railcar manufacturing in WA to become cost-competitive with Chinese imports, according to the nation's peak railway lobby group.
Rio Tinto's proposed mega copper mine in the Pilbara has taken a major step forward, with plans put out today by the state's environmental watchdog for public comment.
Rio Tinto plans to ramp up spending on iron ore, notably at the giant Simandou project in Africa, but has scaled back its investment in decarbonisation.
Rio Tinto has highlighted the importance of its giant Rhodes Ridge project in the Pilbara by approving a pre-feasibility study and outlining plans to spend $400 million on exploration.
Rio Tinto's inaugural diamond tender attracted buyers from the Kimberley through to Japan seeking to get their hands on the miner's legacy inventory of pink and red Argyle diamonds.
The bluster around automation, artificial intelligence and jobs plays out online and in column inches most weeks around the world, but is it justified?
Software provider K2fly has initiated a sweeping strategic review of its operations in a swift boardroom move designed to maximise the full potential of its innovative resource governance software solutions. After posting 13 quarters of increasing revenue on the trot, K2Fly has vowed not to sit on those laurels and has appointed Argonaut PCF and Atrico as joint advisors to steer its review.
IGO will proceed with plans to employ Ivan Vella as chief executive despite the shock news that Rio Tinto sacked him over a confidential information breach.
Native title bodies, miners and government have done good work to set Aboriginal businesses up for success. Without public support, their wings will always be clipped.
K2fly has grown its annual recurring revenue (ARR) for a 13th straight quarter, revealing a 6 per cent jump up to $7.9 million in the company's latest financial disclosure … and it says there is still room to expand. Management says ARR was up 22 per cent on last year's corresponding quarter, while comparative revenue increased by 29 per cent.
Premier Roger Cook will meet with companies including Mitsui & Co on the first day of his mission to Japan, as the government looks to sell its vision for the state's renewable sector.
Our board moves wrap includes Tara Berrie, John Kenny, Brendan Bradley, Stacey Apostolou, Bernard Aylward, Tom Langley, Peter Wall, Patrick Burke, Joc O'Rourke, Ajanth Saverimutto, Tim Manners, Samuel Ekins, Edward Clarke, Darren Palfrey, and Mark Connell.
Rio Tinto and Yindjibarndi Energy Corporation are aiming to approve their first solar farm next year as the first step in building multiple projects in the Pilbara.
Business groups in the Pilbara have called for more investment in affordable housing to help their members recruit staff and take advantage of the looming investment boom in the region.
Rio Tinto anticipates only a small increase in Pilbara iron ore production next year after candidly acknowledging the impact of slow environmental approvals and complex Indigenous engagement.
Western Australia's valuer-general has begun a major overhaul of convoluted pastoral rents to build a new valuation leaseholders can work out with “basic mathematics”.
A potential sale is on the cards for a Carnarvon salt mine majority owned by Rio Tinto, although operators say there's no certainty a deal will be struck.
Our weekly appointments wrap includes David Coyne, Lisa Wynne, Jérôme Pécresse, Neil Brodie, Benjamin Carruthers, Ash Colmer, Fiona Payne, Trent Barlett, Stephen Butcher, Rosemarie Myers, Clare Cullen and Paul Lyons.
The trial over billions of dollars of iron ore royalties has been closed for the court to discuss Rio Tinto's confidential information on the Pilbara mines it co-owns with Hancock Prospecting.
Lindian Resources has moved to commercialise its Gaoual bauxite project in Guinea by inking a memorandum of understanding for a possible sales contract with prominent miner Compagnie des Bauxites de Guinée. Lindian will complete a feasibility study for its 102-million-tonne deposit within two years, while the companies negotiate a possible sales contract for the high-aluminium oxide product.
Our board moves wrap includes Peter Batten, Chain Yee Tee, Aaron Williams, Wayne Richards, Mark Lochtenberg, Neville Henry, Nicholas Ong, Pauline Gately, Suzan Pervan, Michelle d'Almeida, Andy Hodges, and Steve Allen.
Software provider K2fly has revealed a steady stepladder towards profit-making after its latest financial year report showed healthy revenue of $12.8 million – a jump of 28 per cent on the previous period. The company's positive result was bolstered by a 25 per cent increase in annual recurring revenue up to $7.5 million, putting its three-year compound annual growth rate at 48 per cent.
