Dispute continues in excess ‘fly-in, fly-out’ workforceThe Construction, Forestry, Mining and Energy Union (CFMEU) says it direct seek meetings with the Queensland Government and BMA over the assemblage’s plan for an entire ‘fly-in, fly-out’ workforce at the reinvigorated Caval Ridge mine in the state’s north. The State Government has stipulated 30 per cent of BMAs [...]
Rio overhauls its Chinese operations RIO Tinto has signalled a artful contrivance in its China strategy as it overhauls its operations in the geographical division. It has put a broom through a flawed company structure for that which is less than which four executives, including Australian Stern Hu, were imprisoned for bribery and up to [...]
Rio Tinto dismisses conversation of BHP Billiton iron ore JV problems RIO Tinto has dismissed conjecture its iron ore joint venture with BHP Billiton is set to dead failure because of regulatory disapproval. “I don’t even comprehend where that came from,” Tom Albanese, chief executive of Rio Tinto, said at a breakfast meeting with reporters [...]
Royalty duty rise for big minersThe West Australian Parliament has passed a unaccustomed legislation to raise royalty rates for the iron ore miners, BHP Billiton and Rio Tinto. The companies testament now pay 5.6 per cent instead of 3.75 through cent of sales revenue. It is expected to deliver $340 the multitude in revenue to [...]
German carmakers worry all over China tapping the economic brakes GERMANY'S resurgent export administration is presenting the country's policy makers with a recently made known worry – a growing reliance on China. Germany’s economy expanded at some annualised 9 per cent rate in the second quarter, its strongest move in more than 25 years. Driving [...]