Turbocharger sales and service mining, earthmoving and industrial

A doubling of iron ore prices helped BHP swing back into profit for the second half of 2016. By Cameron Drummond BHP has reported a half year profit of $US3.2 billion, facilitated by a broad-trend commodity price resurgence and operational cost reductions. Results from the world’s biggest miner were slightly better than analysts’ expectations of $US3.1bn. Its underlying profit for H2 2016 surged to $US3.2bn from $US412m year-on-year due to higher than expected commodity prices and cost reductions across its operations. This marked a huge turnaround from BHP’s first reported half year loss in 16 years of $US5.67bn, recorded in H1 2016. “This is a strong result that follows several years of a considered and deliberate approach to improve productivity...

Despite current investor uncertainty towards the gold industry, Newmont is a company name increasingly synonymous with confidence. Maintaining an impressive portfolio of assets globally, the company sustains its security as a primary gold producer across four continents, with operations across the US, Australia, Peru, Indonesia, Ghana, New Zealand and Mexico. Founded in 1921 and publicly traded since 1925, Newmont is one of the world’s largest gold producers and is the only gold company included in the S&P 500 Index and Fortune 500. With headquarters near Denver, Colorado, the company has about 40,000 employees and contractors worldwide. The Australian division is controlled by subsidiary Newmont Mining Asia Pacific, and has become the company’s largest asset in the last decade. Its newest...

By Rachel Seeley THE first shipment of L70 leucoxene product from MZI Resources’ Keysbrook mineral sands project in South West WA has departed Bunbury Port enroute to the US. This shipment marked the start of cashflow from the project, with offtake customer Chemours using the L70 leucoxene to make pigments for paints, plastics and other applications. “This shipment represents Keysbrook’s arrival as the single biggest producer of high value leucoxene in the world, as we continue to ramp up cash flow generation and build value for shareholders through high margin product sales,” MZI managing director Trevor Matthews said. More than 3800t of zircon concentrate was also shipped to Tricoastal/Wensheng – China’s largest mineral sands processor – under a five-year offtake...

THE world’s third largest corporate travel management company, BCD Travel, will soon be opening an office in Perth to address the increasing travel demand from the natural resources sector. Currently servicing the mining, infrastructure and construction industries, BCD Travel expects its number of clients in this sector to double this year. “BCD Travel is already well-versed in the resources industry nationally; we are excited to be in a position to grow our Australian presence to support our expanding client base,” BCD Travel general manager Louise Wheeler said. “Our clients in the resource sector are predicting exponential growth with several high profile projects set to boom in 2012.” As an organisation with strong links to emerging markets within Australia and the...