Mining

BHP’s Australia boss has said the mining giant’s relationship with China is ‘strong’ amid a rumoured ban on the company’s iron ore and revealed her price prediction for the vital commodity.

Scores of Fortescue jobs are set to go as the miner offshores work to China and Germany while drastically scaling back plans to build renewable batteries in-house for mining trucks and equipment.

Local rare earth stocks continue to accumulate massive gains as tensions between China and the United States over the coveted basket of minerals reach boiling point.

The mining giant has a bullish view on Chinese steel demand and is tipping a strong finish to the year in the Pilbara as it stays in the race to meet its full-year shipments goal.

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.