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Iron ore prices are likely to stay in three digits for the rest of 2024, insulated to a large degree from China’s faltering economy by cost support that kicks in at about $US100 a tonne.
Markets were told on Wednesday that operations at the mine would cease within weeks.
A climate trigger is looming as an ‘ever-present threat’ that is stifling industry confidence as the Government revamps environmental laws, the nation’s peak mining body has warned.
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The ‘surprising’ move has been welcomed by the unions.
An intellectual property disagreement has left three former Fortescue employees in Federal Court and their families under intense surveillance.
Fly-in, fly-out workers have touched down in the Pilbara after travelling on Chris Ellison’s newly-branded MinRes Air, enjoying 25cm of extra legroom on their five-hour and 40 minute journey to work.
The Hancock Prospecting executive chair received the honour at a recent ceremony.
Federal Labor is considering adding new layers of bureaucracy to its ‘Nature Positive’ reforms, reigniting concern the industry battle with Anthony Albanese and his team over the policy is far from over.
Fiona Hick has joined the board of Evolution Mining, marking her first public role since leaving Fortescue following a short and dramatic tenure as its chief executive.
Investors have been warned that BHP’s carbon footprint will get worse before it gets better, as the Big Australian also flags that it might not reach net zero by 2050.
The Yindjibarndi are ratcheting up their longstanding feud with Andrew Forrest’s Fortescue by calling for the government to probe the environmental compliance of the miner’s massive Solomon iron ore hub.
With roots as a bulldozer operator in Queensland, BHP’s new iron ore man is an ‘operator by heart’, unabashedly parochial about the Pilbara, and has big plans to make the Big Australian even more efficient.
Pilbara Minerals could spend another $1.2 billion to double production from its Pilgangoora lithium project south of Port Hedland as it bets on the long-term prospects of the key battery material.
New details about the perpetrators of the Northern Minerals hack can be revealed, while a cyber security expert suggests that Russia poses a bigger threat than China to WA’s critical minerals sector.
The miner has revealed that it will shut its Yilgarn hub after six years of mining lower-grade ore across a sprawling 200km operation, which it now deems ‘not financially viable’ beyond the next six months.