Yesterday
MinRes weighs up rail fleet sale as axe falls on iron ore mines
But the company, run by billionaire Chris Ellison, said demand remained strong and that closures of the operations had nothing to do with concerns about price.
- Brad Thompson
This Month
Mineral Resources to shut iron ore mines employing 1000 workers
Chris Ellison’s Mineral Resources will shut iron ore mines and look for jobs for about 1000 displaced workers in other parts of the company.
- Brad Thompson
Australia won’t bow to China on critical minerals
The Albanese government will not rush to give Chinese entities access to billions of dollars in incentives aimed at boosting onshore processing of critical minerals.
- Updated
- Brad Thompson
Fortescue’s British Formula 1 car designer loses CEO
The Williams Advanced Engineering boss is the latest executive to exit Andrew Forrest’s empire. WAE is central to the company’s batteries ambitions.
- Brad Thompson
Forrest lieutenant Julie Shuttleworth exits Fortescue after a decade
Her departure adds to the growing list of executives who have left Fortescue recently. Ms Shuttleworth said she was leaving to spend more time with her family.
- Brad Thompson and Peter Ker
More pain tipped for iron ore as BHP, mining stocks sink
Strategists are warning that the sell-off in the steel-making ingredient could drag prices below $US100 a tonne, which would spell further trouble for the big miners.
- Alex Gluyas
Iron ore to plunge below $US100 into a bear market: Citi
The broker has cut its iron ore forecasts for the second time in the past month, as analysts turn increasingly pessimistic on Australia’s chief export.
- Alex Gluyas
Fortescue accuses former execs of green iron IP breach
Andrew Forrest’s company has launched legal action against two of the architects of its clean energy pivot over claims they copied a green iron technology.
- Peter Ker
Rio Tinto to invest $215m in giant iron ore microwave
Microwaves aren’t just for reheating food in the kitchen – they could help solve the carbon footprint problem of the iron ore industry.
- Updated
- Peter Ker
Keep food scraps onshore for future aircraft fuel: industry
Singapore is quickly developing the capacity to convert waste into aviation fuel.
- Peter Ker
Commodities hit as oil slumps; iron ore in correction
Market pundits are at odds about the prospects for oil prices after OPEC’s surprise move to restore some production to the market this year. Iron ore, meanwhile, is struggling to bounce off its lows.
- Updated
- Alex Gluyas
- Investigation
- Indigenous justice
Call to reform Mabo’s $1b native title dividend
Native title groups hosting Australia’s iron ore industry are holding more than $1 billion of net assets in trusts, but after 32 years of the native title regime, there is little to show for the vast majority of Indigenous Australians.
- Peter Ker and Ronald Mizen
May
BHP may need more time to break Anglo bid impasse: reports
The Australian miner is reportedly poised to ask for another deadline extension from Anglo American as it seeks to resolve continuing concerns about its takeover bid.
- Timothy Moore
Why microwaves are the hottest new thing in industrial heat
Microwave ovens are great at heating up last night’s leftovers, but can the technology offer a low-carbon source of industrial heat for big industries such as steel?
- Peter Ker and Lap Phan
Hancock exec says Cook’s California dream may mean higher emissions
Magnetite projects fit perfectly into Australia’s green future but are hamstrung by insufficient power, water and regulatory fatigue, Sanjiv Manchanda said.
- Vesna Poljak
BHP averts Pilbara industrial action as train drivers agree to deal
The company’s iron ore train drivers will receive $40,000 in bonus payments under a new workplace agreement that ends a decade of tensions.
- Peter Ker
Panicked traders position for mega-rally as metal prices hit record
Copper and gold prices surged to record highs on Monday morning as bullish investors piled in and bears were forced to cover short positions.
- Alex Gluyas
Rio makes safety change after double-impact derailment
Iron ore giant Rio Tinto reopened the rail line damaged in a train crash as the Mining and Energy Union seeks to highlight a pattern of alleged safety failures.
- Brad Thompson
Citi calls time on iron ore rally as budget bakes in price plunge
Citi has told investors to “fade the rally” after more signs of weakness in China’s financial sector.
- Joshua Peach
Rio chief ‘not afraid’ of M&A as Anglo break-up looms
Jakob Stausholm won’t rule out entering the acquisition fray, but told investors he doesn’t want big transactions to derail his recovery mission at the miner.
- Peter Ker
