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WA blames iron ore price for rating downgrade WA blames iron ore price for rating downgrade

WA treasurer Mike Nahan has blamed the volatile price of iron ore for ratings agency Moody’s decision to downgrade the state’s credit rating this week.

Is coal under threat of a Chinese green movement?
Is coal under threat of a Chinese green movement?

Queensland Resources Council chief executive Michael Roche has rejected leading economist Ross Garnaut’s claims that China will cut its reliance on coal-fired power in coming decades.

WorleyParsons profit in freefall
WorleyParsons profit in freefall

Engineering company WorleyParsons’ underlying profit dropped 18% in the 2014 financial year, as the company saw major clients shelve big projects in response to the end of the mining boom.


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FLSmidth expands Perth base

Engineering company FLSmidth is to expand its ‘Australian Supercenter’ in Welshpool, south-east of central Perth.

AC-drive-equipped 730E-8 mine truck from Komatsu

Komatsu Australia has announced a new AC-drive version of its 181 tonne 730E-8 mine truck, which it says provides higher haul speeds and simpler maintenance requirements.


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