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.
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.
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.
The final investment decision by the WA conglomerate and Chile’s SQM will double annual production of lithium concentrate from the Mt Holland mine, near Southern Cross, to 760,000 tonnes from 2030.
Conservationists argue Federal authorities had ‘apprehended bias’ favouring the energy giant when a decades-long extension of the North West Shelf gas project was approved.