Our board moves wrap includes Peter Newcomb, Clint Moxham, Daniel Murnane, Susan Jones, Eduard Eshuys, Mick Wilkes, Craig McGown, Tony Kiernan, Morgan Ball, Lee Stephens, Tommy McKeith, Nev Power, Dale Richards, and Mark Bennett.
Northern Star Resources' chief development officer and general manager will exit the business to take top jobs with Bellevue Gold, adding to a string of departures since merging with Saracen Minerals.
Shares in Northern Star Resources and Saracen Mineral Holdings rose strongly today after they announced a merger to create a top 10 global gold producer with a market value of $16 billion.
Our daily board moves wrap includes Morgan Ball, Egan Antill, Brian Mumme, Luke Graham, Nathan Buzza, Terry Barr, Peter Hill, Tristan Farel, Peter Bird, and Mike Joyce.
Our daily board moves wrap includes Howard Golden, Tommy McKeith, Morgan Ball, Catherine Grant-Edwards, Steven Michael, Nicholas Ong, Graeme Smith, Rod Wheatley, John Ribbons, Jon Denovan, Derek La Ferla, and Neil Whitaker.
BC Iron is cutting more workers and contractors at its Nullagine project after its joint venture partner Fortescue Metals Group decided to not buy low-grade iron ore stockpiled at the mine.
Iron ore miner Fortescue Metals Group will continue slashing costs after first-half profit dropped 4 per cent to $US319 million ($A442 million), as fellow miner BC Iron reported a half-year loss of $62.9 million amid falling prices.
BC Iron shares plummeted today after the company announced production at the Nullagine joint venture would be suspended as a result of the weak iron ore price, with more than 200 jobs at risk.
It is one of the most overused quotes of all time, but if you look at the old and the new of Western Australia's mining industry it is impossible to avoid thinking about the first words in Charles Dickens' novel, A Tale of Two Cities: “It was the best of times, it was the worst of times”.
BC Iron expects to save about $2.3 million over three months after joint venture partner Fortescue Metals Group agreed to set the rail and port tariff for the companies' Nullagine project in accordance with varying iron ore prices.
Atlas Iron says it achieved its annual production rate target four months early while reducing costs during the September quarter, and has started working towards a new iron ore mine in the Pilbara.
The median salary paid to chief executives at Australian mining companies fell by 12 per cent over the past two years, and is set to decline further after recent cost-cutting moves by the likes of BC Iron, Sundance Resources, Paladin Energy and Poseidon Nickel.
Iron ore miner BC Iron has fallen into the red with a net loss of $158.5 million for the financial year, on the back of impairments and falling commodity prices, and has declared no dividend payout.
Mining services company Viento Group has gone into administration, despite having won major new contracts in the past month with iron ore miners BC Iron and Rio Tinto.
BC Iron has terminated a mining services contract with Watpac Civil & Mining three months early as it seeks to cut costs at its Nullagine joint venture operation in response to the plunging iron ore price.
BC Iron has moved forward with its cost-cutting initiatives by awarding a $40 million contract to Viento Group to provide crushing and screening at its Warrigal hub, which forms part of the Nullagine joint venture.
Independent schools across the state are benefiting from the experience some of Perth's most prominent business leaders have brought to their boards, providing greater diversity and structure to the decision-making process.
BC Iron has announced it is working with Mineral Resources on potential new investments at the Iron Valley mining operation in the Pilbara, to improve its commercial viability.
For the best ringside seat at a bruising encounter don't buy a ticket to a boxing event, sign up for an iron ore forecasting conference which will, for the first time since prices crashed, put the big boys of the industry on the same podium as the small producers.
Iron ore miners in the Pilbara are on track to reach production and shipping targets, despite bad weather hampering operations and affecting some December quarter results.
BC Iron has posted record production and exports during the September quarter, when shareholders received almost one-third of a dollar per share in a $37 million dividend payout.
BC Iron's stock has reached an all-time high, after the iron ore junior reported a strong rise in production and underlying profit despite the challenging price environment.
