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Mining & Resources

Fortescue triples half-year profits

Fortescue Metals has announced record half-year profit results, claiming cost-cutting measures and expansion plans have helped boost performance. The group saw its earnings after expenses more than triple, climbing from US$478 million (AUD$532 million) in the six months to December 2012 to US$1.7 billion at the end of 2013. Year on year, the company also…

26 Feb 2014, by Informa Insights

Mining & Resources

What’s next for lean production?

The lean production system has been popular in engineering and manufacturing plants across the world for more than 50 years. Lean approaches eliminate any processes that are deemed wasteful. In other words, resources used in anything but creating value for the end customer are targets for removal. According to McKinsey & Company, lean production continues…

20 Feb 2014, by Informa Insights

Mining & Resources

CSG industry ‘working well’ in Queensland

CSG training in Queensland seems to be paying off, with a new state government report stating regional projects are performing to expectation. The annual update assessed how well the CSG industry is managing the effects on groundwater resources from developments in the Surat Basin. Water is a primary by-product from CSG projects, although it is…

19 Feb 2014, by Informa Insights

Mining & Resources

Iluka Resources: Responding to mineral sands market demands

Iluka Resources is a major global producer of zircon and the world's largest producer of the high-grade titanium dioxide products of rutile and synthetic rutile. In the lead-up to the 2014 AJM Mineral Sands conference, we had the chance to speak to Iluka's Manager Eastern Operations, Dan McGrath, about the outlook for the industry and the…

18 Feb 2014, by Informa Insights

Mining & Resources

IMF: Mining exports will offset investment losses

Mining engineering investment may be winding down, but the sector will continue to make significant contributions to the Australian economy. A new International Monetary Fund (IMF) report said the resources boom has reached its peak, although a significant rise in exports will underpin the industry for years to come. The IMF stated Australia's terms of…

18 Feb 2014, by Informa Insights

Mining & Resources

Close-Up: Jacquelene Symond

Colours can have a tremendous psychological effect on people, their work and their mood. In a control room environment the right colour choice is critical to ensure that signals and messages can be appropriately prioritised. Jacquelene Symond is the Principal at The Colour Agency and a colour specialist specifically trained in the field of applied…

17 Feb 2014, by Informa Insights

Mining & Resources

Solutions needed to spur future mining engineering investment

Mining engineering investment in Western Australia needs a kick-start, a new report has revealed. The Chamber of Minerals and Energy of Western Australia (CME) and PricewaterhouseCoopers research found infrastructure spending for the resources industry is vital for the sector's economic development. CME director Nicole Roocke said: "The resources sector relies on a range of public…

17 Feb 2014, by Informa Insights

Leadership & Communication | Mining & Resources

Queensland promotes opportunities for women

  With International Women's Day just around the corner, the Queensland Government is promoting the number of opportunities available for female leadership development. International Women's Day takes place on March 8, and Queensland's communities minister Tracy Davis said the state is embracing the occasion. "Queensland is a great state with great opportunities for all people…

14 Feb 2014, by Informa Insights

Mining & Resources

Roy Hill project ‘close’ to $7bn financing deal

A $7 billion debt financing deal for the Roy Hill iron ore project could be finalised in the coming weeks, a key investor has revealed. Yukihiko Matsumura, chief executive of Japanese backer Marubeni Corp, was quoted by Bloomberg as saying that Gina Rinehart's Pilbara initiative should have an agreement in place by the end of…

13 Feb 2014, by Informa Insights

Mining & Resources

WA mining engineering construction shifts to production

Western Australia's mining engineering construction has been a major component of the country's resources boom in recent years. At its peak in 2012, one-third of all spending in WA's economy was on capacity expansion such as new mines and equipment. However, as Australia moves back a step from these lofty heights, it is important for…

10 Feb 2014, by Informa Insights
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