Mining

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.

BUILDING BILLIONS: Their offices were walking distance apart. Yet Tony Rovira had never met Gina Rinehart when Australia’s richest woman and her Chilean partner lobbed a takeover bid for Azure Minerals in 2023.

Iron ore is flowing from Fortescue’s Pilbara mines at record rates but the green hydrogen side of the global business continues its rout.

A startup backed by tech billionaires Bill Gates and Vinod Khosla says it has successfully tested a new approach for making steel that minimises planet-warming emissions without raising costs.

BHP’s Pilbara iron ore machine fired on all cylinders but inflation and slow construction has thrown a $2.6 billion spanner in the works of its Canadian potash push.

Global miner Rio Tinto has revealed it incurred about $US300 million ($460m) in gross costs over the first half of 2025 as a result of the US tariffs on aluminium exports from Canada. 

Australia’s richest person has suggested Rio Tinto’s incoming chief should move company headquarters to WA and made a tongue-in-cheek dig at the mining giant’s African iron ore ambitions.

Rio Tinto has chosen a boy from the Wheatbelt to be the next leader of its global mining empire.

The Prime Minister has called for deeper co-operation, telling industry leaders in Shanghai that ‘it is in both countries’ interests to ensure a sustainable and market-driven global steel sector’.

The boss of BHP’s most lucrative division is unsure how much damage the Fair Work Commission’s ‘same job, same pay’ ruling will wreak.

Business groups have roundly criticised a Fair Work Commission ruling in favour of unions against BHP, as mining and energy companies scramble to figure out what the landmark decision means for them.

Presentation notes to be used by new chair Malcolm Bundey in meetings with investors and proxy advisers this week says Mr Ellison’s planned exit timeline is being ‘reviewed’.