May 17th, 2007

Australian Mining Output Hindered By Rail & Port Bottlenecks

I am sure that you have seen the news about mining companies having to scale back coal production due to infrastructure problems.
Rio Tinto’s Coal & Allied Division announced a 20 percent cut in coal production due to bottlenecks in rail infrastructure and Newcastle Port. As a result, 250 miners will lose their jobs this month.
Other [...]

Permalink Australia, BHP Billiton, Coal Mining, Rio Tinto, mining, ports No Comments »
August 23rd, 2006

BHP Billiton Posts Australian Corporate Record Profit

BHP Billiton has posted an Australian corporate record profit of US$15.3 billion (Underlying EBIT) for the financial year ending 30 June 2006. This profit comes on the back of the booming resources sector.
Although this profit is great news for BHP Billiton shareholders, their record profit has also allowed them to invest a significant amount of [...]

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