WAGES – MINERS – WESTERN AUSTRALIA

Mining blowout as wages start rising

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Original article by Nick Evans
The Weekend Australian – Page: 21 & 32 : 16-Jan-21

There is growing concern about a wages blowout in Western Australia’s mining sector, as the continued strength of the iron ore price ignites speculation of a new resources boom. Fortescue Metals Group recently advised of a cost blowout at its Iron Bridge magnetite project, and other mining companies with projects under development in WA are also likely to experience cost pressures. Skills shortages and restrictions on hiring staff from interstate have also prompted mining companies to start poaching workers from their rivals and other sectors.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG

Woodside blasts Rio’s call on wage rise

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Original article by Peter Ker, Julie-anne Sprague
The Australian Financial Review – Page: 3 : 31-Aug-18

Woodside Petroleum CEO Peter Coleman contends that recent comments by Rio Tinto CEO Jean-Sebastien Jacques about rising labour costs in Western Australia’s Pilbara region have alarmed investors. Coleman says he can see no signs that "cost inflation" is rampant in the region, while BHP Billiton CEO Andrew Mackenzie said that while there were indications of inflation in the Pilbara, he was not "fazed" by it. Coleman says any talk that the new investments in the region can be likened to the previous mining boom are way off the mark.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP