A foreign-owned mining company will completely stop production because it is losing too much money. First Quantum Minerals recently confirmed it would shut down its struggling Ravensthorpe nickel...
Tag - profit
A struggling mineral processor collapsed after losing more than $23.5 million. Elmore recently appointed KPMG restructuring director Clint Joseph as well as turnaround partners Matthew Woods and...
One of the world’s largest resources companies estimates that as many as one in two mineral operations are unprofitable. BHP recently revealed a major drop in commodity prices will...
A Brisbane resources mogul celebrated huge financial gains from soaring fossil fuel prices. Jellinbah Group recently reported a $1.92 billion profit and $1.7B in dividends for the 2022 financial year...
A resources executive predicted unprecedented fossil fuel valuations could keep breaking records in the New Year. New Hope Group believes thermal coal prices will continue to soar above US$440...
A foreign owned resources operation became insolvent after owing parties more than $1 billion. Deloitte was recently appointed as receivers for Lanco Infratech’s Griffin Coal Mine in Shotts...
One fossil fuel will keep enjoying elevated commodity prices well into the New Year, a mineral producer said. Whitehaven Coal expects the value of coal will continue to soar. The company predicts the...
A diversified company is enjoying benefits of rising commodity prices. New Hope Corporation recently reported a five-fold increase in earnings due to the coal mining boom. The proponent recorded $645...
A resources executive will abandon at least one fossil fuel even though it significantly boosted his employer’s bottom line. Gary Nagle refuses to stop phasing out coal despite the commodity...
A resources and infrastructure business is pleased with initial heavy vehicle automation results at a mining operation. MACA successfully completed a driverless truck trial at Capricorn...
