Iron ore shipments out of Esperance are set to resume in the coming weeks after train loads of ore again started rolling into town.
BHP says it does not believe it has enough iron ore stockpiled at Port Hedland in WA to meet its contracts with customers after the deliberate derailment of an out-of-control train disrupted its rail operations.
Australia's exports surge to a monthly record of $37.5b as more worrying signs show up in China's capacity to keep financing the booming trade surplus.
Across its nearly 40 years, an overnight race that sounds a little dangerous in hindsight had competitors jumping from a moving vehicle to push a wheelbarrow across 120 kilometres.
BHP's profit falls 37 per cent due to a massive write-down on its US onshore oil and gas assets, Donald Trump's corporate tax cuts and the ongoing fallout from its Brazilian dam collapse.
Fortescue Metals's annual net profit has plunged from $2.1 billion to $878 million — a fall of 58 per cent.
A strong month of exports from the big resource companies and a slide in imports sees the trade surplus jump by 160 per cent in June.
Having bailed out of coal mining, Rio Tinto showers shareholders with the proceeds in the form of a record half-year dividend.
Ahead of a raising in tariff barriers between the world's two biggest economies, China reports a record trade surplus with the US.
Gina Rinehart's plan to take over small miner Atlas Iron has hit a roadblock, with Andrew Forrest's company launching a challenge with the Takeovers Panel.