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Iron ore

‘Incredibly painful’Rio strikes deal for path forward after Juukan blast debacle

Traditional Owners and Rio Tinto have signed an agreement to guide cultural heritage protections in the Pilbara in the wake of the Juukan Gorge debacle.

Tim Dornin

Still talkingCommentsPremiumBHP still sees room to negotiate with Samarco’s creditors

BHP is willing to protect its joint venture in Samarco Mineracao, saying it sees room to negotiate with financial creditors in the Brazil miner’s debt restructuring.

Mariana Durao

All changeCommentsPremiumForrest happy to be Fortescue’s ‘bullet-proof plan B’

Billionaire mining magnate Andrew Forrest will reprise his role as executive chairman at the company he founded nearly two decades ago as it transitions into a global green energy giant.

Stuart McKinnon

opinion
opinion
Sean SmithCommentsPremium
opinion
New FMG line up proves it really is the Twiggy Show

It’s an extraordinary call that will alarm those investors already worried about Andrew Forrest’s relentless recalibration of the company around green hydrogen.

Sean Smith

Ongoing issuesPremiumBHP boss sees supply chain disruptions lingering

BHP boss Mike Henry says he expects COVID and Ukraine-led supply chain disruptions to last as long as 2-3 years.

Stuart McKinnon

$4b windfallCommentsPremiumAnalysts bullish on iron ore prices

Analysts say the WA Budget is particularly conservative regarding iron ore price forecasts and that if current prices are maintained they would pump an extra $4 billion into State Government coffers. 

Danielle Le Messurier

Spurring fears CommentsPremiumIron ore set for worst week since February on virus woe

Iron ore headed for its biggest weekly drop since mid-February as China’s spreading virus restrictions and worsening property crisis prevented a recovery in demand.

Liz Ng

Partnership extendedCommentsPremiumSchlam wins $90m Fortescue contract

WA private company Schlam has won a $90 million products and services contract with Fortescue Metals Group, extending a decade-long partnership with the iron ore miner.

Stuart McKinnon

Conservative spendingCommentsPremiumCommodity price uncertainty to slow investment: Deloitte

Western Australia’s economic outlook remains buoyed by surging commodity prices, however uncertainty over how long they will remain elevated will likely lead to a slowing of mining investment. 

Danielle Le Messurier

Inflation worryCommentsPremiumIron ore futures slide as investors monitor demand in China

Iron ore flipped to losses as risk aversion across financial markets escalated and investors assessed the demand prospects in top consumer China.

Liz Ng

Crucial voteCommentsPremiumRio’s new chairman fronts Australian shareholders

Rio Tinto’s new chairman Dominic Barton has fronted Australian shareholders for the first time at the company’s annual general meeting in Melbourne this morning ahead of a crucial second strike vote over pay.

Stuart McKinnon

Freehills ain’t freeCommentsPremiumChief Justice puts boot into CITIC, Palmer legal plays

WA’s top judge has blasted the high-cost litigation methods of Clive Palmer and the companies that have made him an iron ore billionaire.

Neale Prior

Juukan falloutPremiumHeritage reviews hold back FMG’s high-grade plans: Gaines

Fortescue Metals Group chief executive Elizabeth Gaines says blowback from Rio Tinto’s destruction of Juukan Gorge is impacting its ability to access some of its highest-grade iron ore.

Danielle Le Messurier

PaybackCommentsPremiumSino Iron’s Clive Palmer warning with big earnings leap

The Chinese-owned company‘s Cape Preston magnetite project is at last hitting its straps, but it needs a deal with Clive Palmer to keep producing.

Sean Smith

Drilling outlookCommentsPremium‘We don’t want to add rigs we can’t get workers for’: DDH1

WA’s biggest minerals drilling firm says a scarcity of labour and supply chain constraints will likely lead to a slowing of its growth in fiscal 2023. 

Danielle Le Messurier

Shipping boostPremiumLumsden Point port facility to get $78m upgrade

The State Government has joined its Federal counterpart in announcing funding for a multi-user port facility at Lumsden Point in Port Hedland.

Stuart McKinnon

Cost overrunCommentsPremiumIron Bridge blowout ‘unforeseeable’, says FMG boss

FMG boss Elizabeth Gaines says the COVID-related disruptions and inflation that have led to another blowout on the Iron Bridge project could not have been foreseen when the development was approved in 2019.

Stuart McKinnon

Regaining groundCommentsPremiumIron ore up as China steel hub lifts some virus controls

Iron ore futures rose for a second day as China’s key steel hub eased some virus controls and the nation’s pledge to boost infrastructure spending aided demand prospects.

Annie Lee

Virus outbreakCommentsPremiumCopper to iron ore rebound as China vows to support economy

Industrial metals from copper to iron ore recouped some of Monday’s losses after China pledged more support to help revive an economy that’s been imperiled by an escalating virus outbreak.

Lithium fundingCommentsPremiumMinRes in $US1b debt raising

Mineral Resources has flagged a $US1 billion ($1.39b) debt raising as it embarks on a capitally intensive expansion plan.

Stuart McKinnon

Battery powerCommentsPremiumMineral Resources rides the lithium price boom

Mineral Resources has capitalised on a booming global lithium market and achieved a massive surge in the price of spodumene concentrate from its Mt Marion operations.

Daniel Newell

Viral inconveniencePremiumBHP forced to re-work rosters, delay tasks

A spike in COVID absenteeism among BHP’s Pilbara iron ore workforce has forced the mining giant to re-work rosters and delays tasks contributing to a 10 per cent drop in quarterly output.

Stuart McKinnon

Ugly quarterCommentsPremiumRio shipments slump on COVID absenteeism, project delays

COVID, heritage issues and project delays have combined to smash quarterly shipments from Rio Tinto’s key Pilbara iron ore division.

Stuart McKinnon

Management controlCommentsPremiumSamarco creditors reject restructure

Creditors of BHP and Vale’s Samarco iron ore joint venture in Brazil have moved a step closer to taking management control of the operation after voting down the companies’ proposed restructuring.

Sean Smith