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Stockbroker RBC Capital Markets said Monday’s sell-off was exaggerated but warned there may not be a meaningful recovery until the outcome of a board investigation is known.
Shares in Mineral Resources plummeted after its founder and boss Chris Ellison admitted to a ‘serious lapse of judgment’ over his offshore tax affairs.
Persistent cost inflation and low-grade iron ore at Rio Tinto’s mining heartland is eating into margins and delivered a quarterly result labelled as ‘disappointing’.
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Rio Tinto has implied it wants Federal Labor to make sure Ministerial oversight exists over a proposed national environmental watchdog.
Rio Tinto will can plans for a new deposit due to be part of its Rhodes Ridge expansion in the Pilbara, in a move it claims will help save the habitat of a population of ghost bats.
Rumours of iron ore’s price demise have been greatly exaggerated, according to some analysts, who now see a stellar reversal of fortune for the steel-making ingredient back towards $US120 a tonne.
BHP says it has made redeployment offers to hundreds of workers following the suspension of its Nickel West arm.
‘Too many mine workers have died this year.’
Rio Tinto's chief executive Jakob Stausholm was shoehorned into a Fortescue press release without approval, forcing an embarrassing retraction.
Rio Tinto chairman Dominic Barton has declared the world needs more mines to cope with rising demand for key energy-transition metals like copper, with mergers and acquisitions unable to plug a supply gap.
Mining billionaire Chris Ellison on why he wants the meddling Federal Government to butt out of the nation’s resources powerhouse State and how China bashing is going to harm the economy.
Environment Minister Tanya Plibersek has ruled out inserting a ‘climate trigger’ into her Nature Positive laws
Elizabeth Gaines will become the Eagles first female Chair after being elected to take over from long-time servant Paul Fitzpatrick.
Prices have slumped by about a third this year, fuelling talk about how low they must go to force mine closures and bring supply back in line with demand.
Anthony Albanese and Tanya Plibersek are at odds over Labor’s Nature Positive laws, with the Environment Minister insisting a deal with the Greens is still on the table despite the PM overruling her.