Mining

In candid remarks at Fortescue’s AGM, founder and chair Andrew Forrest lashed out at Donald Trump, along with ‘nervous nellies’, as he implored investors to stay the course amid a share price collapse.

Incredibly, the lucky prospector almost missed unearthing the nugget — then feared it was ‘a painted rock’. WATCH THE VIDEO

A senior mining executive with no experience in defence has been appointed to oversee Australia’s expensive and often delayed military projects, as Labor look to turn the tide on troubled projects.

The former NAB boss used the Big Australian’s annual general meeting to ratchet up warnings that the country has a major problem.

Fortescue’s sale of the steelmaking commodity that powers the Australian economy have fallen as the Andrew Forrest-controlled miner remains locked in talks with China Mineral Resources Group.

Fortescue has sacked one of its top executives after a legal investigation substantiated allegations of sexual harassment and bullying.

BHP says copper output slumped as its key mines in Chile were affected by weather and lower-quality ore.

AARON PATRICK: The Albanese Government should acknowledge the six years the McPhillamys gold mine has spent in bureaucratic purgatory is proof the approvals process for mineral and energy projects is failing.

The Albanese Government has suffered a major legal blow after the Federal Court overturned the then Environment Minister’s decision to block a billion-dollar gold mine over Aboriginal heritage concerns.

Australia’s High Court ruled planning authorities needed to account for the the impact on climate change before approving coal projects in a decision that has rocked Australia’s mining and energy sectors.

Australia’s mining stocks are poised to extend their rally, analysts say, as surging copper demand for power infrastructure and artificial intelligence gives investors a new reason to buy the sector.

Northern Star knocked back a $38.7 billion takeover approach, claiming the valuation falls well short of its fundamental worth and exposes investors to offshore jurisdictional risk.

Mineral Resources has swung from a $896 million loss to a $1.2 billion net profit and reinstated dividends.

Fortescue has suspended an executive at the centre of a sexual harassment investigation, days after defending its decision not to do so.

Departing Northern Star Resources chief executive Stuart Tonkin will receive a whopping golden handshake when he finishes up next Friday.

BHP made a bumper profit from record copper prices and its new chief executive has claimed victory over the unions which infiltrated its iron ore empire in WA.

Joe Hockey is on board with secret plans for a Pilbara iron ore cartel to combat China’s intensifying market squeeze and believes Jim Chalmers should have more veto powers over critical minerals deals.

Andrew Forrest’s Fortescue is bracing for a more than $700 million blow to its books after re-evaluating the value of its troubled Iron Bridge magnetite project in the Pilbara.