Roy Hill delivers for Rinehart

by 2 November 2017

2 November 2017 The West Australian

By Stuart McKinnon

Gina Rinehart’s Roy Hill Holdings is celebrating its maiden annual profit, marking the first full year of commercial production from its $US10 billion namesake iron ore project in the Pilbara.

Roy Hill posted a profit of $331 million for the 12 months ending June 30, up from a $34 million loss the previous year.

Bottom line profit was $523 million. It included a $274 million gain [...]

Article – Small iron ore mine approved in the Pilbara

by 2 April 2015

18 March 2015 Vicky Validakis Australian Mining

The first Indigenous-owned and operated mine in the Pilbara has been approved by the WA government.

Australian Aboriginal Mining Corporation is seeking to mine 2-4 million tonnes of iron ore at its Extension project 70 kilometres north-west of Newman.

The mine would require supporting infrastructure, including an access road, internal roads, ore crushing facilities and an accommodation camp.

The Environmental Protection Authority found that minimal impacts of the [...]

Article – WA no longer world’s best place for miners, hammered by royalties and taxes

by 26 March 2015

4 March 2015 Tess Ingram Sydney Morning Herald

Western Australia has lost its world No.1 ranking for mining investment, with lobby groups pointing the finger at hefty royalty payments and taxes that can gobble as much as 47 per cent of mining companies’ profits.

The Fraser Institute’s recent survey of mining companies showed Western Australia slipped to No. 5 last year from being the world’s most desirable mining jurisdiction based on investment attractiveness, factoring in perceptions of [...]

Article – Irrigated agriculture developed in perfect time for WA cattle station

by 3 March 2015

19 February 2015 Tyne McConnon ABC Rural

As hot dry conditions on the north-west coast of Western Australia continue, one Kimberley cattle station is making the most of its newly developed irrigation project.

Wallal Downs Station, 300 kilometres south of Broome, last year spent $1 million on setting up 94 hectares of irrigated agriculture for cattle fodder.

The station completed the development just in time as this year it has been in almost drought conditions.

[...]

Article – Cows v sugar in WA grazing lease talks

by 17 February 2015

9 February 2015 Matthew Cranston Queensland Country Life

CHINESE real estate giant Shanghai Zhongfu is in discussions with one of Australia’s largest cattle producers Consolidated Pastoral Company (CPC) to take over a major leasehold in the Ord River area, intending to expand cane production.

All pastoral leases in Western Australia are due to expire in June this year creating a frenzy of new deals and renewals.

In 2012, Shanghai Zhongfu, trading as Kimberley Agricultural Investments, [...]

Article – Port Hedland iron ore exports up 30%

by 11 February 2015

4 February 2015 Vicky Validakis Australian Mining

The extra tonnages of iron ore the major miners are exporting is highlighted in official figures released by the Pilbara Port Authority.

In January, iron ore exports for the month totalled 36.7Mt, an increase of 8.5Mt or 30 per cent from the same month in 2014.

The results come as no surprise, with major miners BHP Billiton, Rio Tinto, Fortescue Metals Group all adding extra tonnages and reporting record [...]

Article – Goldfields gas pipeline program ramping up

by 10 February 2015

5 February 2015 Cole Latimer Australian Mining

A $140 million gas pipeline slated for WA’s Eastern Goldfields is ramping up as more piping arrives for construction.

The 292 kilometre pipeline was first announced in July last year, as part of a gas network designed to connect mines in the region to the existing Goldfields Gas pipeline via a lateral pipeline at the Murrin Murrin nickel mine, which will eventually extend past Anglo Gold’s Sunrise Dam [...]

Article – WA remains Australia’s strongest economy

by 30 April 2014

28 April 2014 AAP

The Top End is leading the way when it comes to economic activity, due to strong growth in construction, according to CommSec’s quarterly State of the States report.

South Australia and Tasmania were the weakest performing states, while NSW came in third, followed by Queensland in fourth place and Victoria in fifth.

Every three months, CommSec uses eight key indicators to rank the states and territories – economic growth, retail spending, [...]