TRUCKING ON: Brad Rogers says Bis Industries has been competitive in winning market share as new contracts were awarded. Photo: Attila Csaszar

Contractors ready for turnaround

Higher commodity prices and investment to maintain iron ore volumes could help lift mining contractors out of the doldrums after several tough years.

An 80 per cent increase in the price of iron ore since February 2016 has energised the state’s mining contractors, amid expectations of an improving environment towards the end of this year.

That optimism follows a lean 2016, with only $3.4 billion of contracts identified by Business News as awarded over the year to February.

Also in this special report: 


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BNIQ sponsored byLPC cresa

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 30/11/17

1 year TSR5 year TSR
184thNorthern Star Resources65%37%
189thMineral Resources62%24%
401stWoodside Petroleum9%4%
444thAtlas Iron0%-57%
727 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$36.9m Sold
$4.0m Sold
$118k Bought
Total value as at the date of the transaction
Source: Morningstar


3rd-Woodside Petroleum$5,715.9m
4th-Mineral Resources$1,470.4m
5th↑Atlas Iron$896.6m
6th↓Northern Star Resources$850.6m
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Mineral Resources

10thChris Ellison$2.918m
24thBruce Goulds$1.543m
33rdBob Gavranich$1.323m
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer

Special Report

Contracting comeback

Contracting comeback

27 February 2017

Things looking up for mining services

Contractors ready for turnaround
Numbers off peak but optimism on jobs
Miners warm to HiSeis’ vision
Klen fires up as market turns
Smaller players seek to reduce freight barriers