Mining

The mania to buy gold has now spread from fed-up citizens like Matthew, to mums and dads, and Wall Street giants.

Rio Tinto and Japanese partners Mitsui and Nippon Steel will pour $1.1 billion into new iron ore deposits in Western Australia’s Pilbara region.

Anthony Albanese is going to offer Donald Trump priority access for America to buy Australia’s critical minerals and rare earths when they meet this month, so the US Defence industry isn’t reliant on China.

Ships laden with BHP’s iron ore are continuing to set sail for China despite the global superpower’s supposed ban on the mining giant’s key export. But the champagne should stay on ice.

Mining behemoth BHP is continuing to negotiate a deal to keep iron ore from its vast Pilbara empire flowing into Chinese steel mills, with rumours of a ban rejected as not true.

The state’s largest coal-fired power plant has announced it will close six years earlier than expected.

New technology, electrification and carbon management solutions in Australia’s resource sector will be central to the Government’s plans to cut emissions by between 62-70 per cent by 2035.

Mining giant BHP has blamed a State Government’s high taxes on coal sales for its decision to axe 750 jobs.

The chief executive of BHP has warned that Australia’s high electricity costs could see the country lose out on big investment dollars to the likes of Canada and the United States.

Anglo American has agreed to acquire Canada’s Teck Resources, creating a more than $US50 billion company in one of the biggest mining deals in over a decade.

BHP will pay $110 million to aggrieved Australian investors who bought shares in the Big Australian just before the deadly Samarco dam collapse in Brazil.

Ebbing iron ore prices have caused a 41 per cent profit crunch at Andrew Forrest’s Fortescue, as the deadline for one of its leading decarbonisation projects gets punted back to next year.

The bosses of BHP and Rio Tinto have sat down with Donald Trump in the White House to find a way to stop a mega copper development in the US from being derailed by the ‘radical left’.

The Big Australian’s iron ore boss has vouched that the technology behind much-vaunted green steel can work, but is highly sceptical that the economics will stack up anytime soon against old school methods. 

Mining giant Rio Tinto will need to ‘experiment’ with green steel, slashing diesel and backing renewable power to drive down emissions, local iron ore boss Matt Holcz said.