Home » profit

Tag - profit

Sam Chong

Qld coal mining magnate’s payday hits up to $2B

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...

Bengalla Coal Mine

Coal prices could exceed $648 a tonne says mining boss

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...

Glencore coal

Coal mine enters receivership with $1B owed

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...

Glencore coal

Coal boom will continue into 2023 says employer

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...

Bengalla Coal Mine

Coal boom makes mineral producer’s earnings soar

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...

Hitachi driverless truck

Driverless truck trial hailed a success at mine

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...

Ten Lessons for FIFO workers

For FIFO workers, one of the best things about the job is the money made while you’re away from your home (and often, this can be the ONLY thing that keeps you going back). FIFO salaries are a great...

Caterpillar sales jump -first quarter

Caterpillar (NYSE:CAT) shares have jumped after the company reported a profit for the first quarter of 2017. It was the first time they recorded a profit in more than 2 years, with an increase in...