Mining

Mineral Resources MD Chris Ellison at the Port of Ashburton in Onslow
Mining
Simone Grogan

Mining industry shock: Australian giant to cut 1,000 jobs

A mining giant will close an iron ore hub by the end of 2024 in a bombshell move impacting up to 1,000 jobs, following what management describes as a ‘prudent but difficult’ decision.

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Roger Cook and Madeleine King with Chinese Premier Li Qiang.
Mining
Adrian Rauso

Coalition renews tax attack as Tianqi pleads for handout

A Chinese lithium refiner that owns a big stake in a WA mine that delivered a $6.3 billion profit last year is begging the Federal Government to give it a tax break.

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Fortescue founder Andrew Forrest.
Markets
Simone Grogan

Fortescue share price slumps amid block trade reports

Fortescue shares have slumped amid reports a $1 billion sell-down was afoot late on Monday, dragging down the Andrew Forrest-founded business’ share price by more than 4 per cent.

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Fortescue Metals chairman Andrew Forrest, with former CEO Elizabeth Gaines, right and outgoing director of global growth Julie Shuttleworth (left).
Mining
Adrian Rauso and Cheyanne Enciso

Another prominent Fortescue boss quits Twiggy’s empire

It’s the latest movement in the revolving door at Fortescue’s C-suite lounge.

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BHP was a vocal opponent of the Albanese Government’s controversial industrial relations reforms.
Mining
Daniel Newell

Same job, same pay fight for 1700 workers at BHP coal mines

BHP could be hit with orders to lift the pay packets of 1700 labour hire workers at three of its Queensland coal mines as the Mining and Energy Union pursues the miner under new Same Job, Same Pay laws.

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Resources Minister Madeleine King.
Australia
Josh Zimmerman

‘Crazy’: King blasts ‘short-sighted Dutton

Resources Minister Madeleine King has blasted Opposition Leader Peter Dutton while revealing the ‘most frustrating’ part of her job as resources minister.

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ASX Gold shares have been enjoying gains this year as investors look towards bullion as a safe haven in uncertain economic times.
Business
Raizinvest.com.au

The top-traded gold stock soaring this week for investors

A broker’s note on the state of gold mining stocks has been a huge driver of trading activity for one Western Australian-based company. 

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An aerial view of a reclaimer used to harvest crushed iron ore stockpiles on a mine site. Dazman
exclusive
Mining
Dan Jervis-Bardy

What climate trigger would mean for Aussie resource projects

The Business Council of Australia has modelled the potential impact of a climate trigger in a fresh warning to the Federal Government.

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A cybercriminal group, believed to be from China, has claimed responsibility on the dark web for an attack that allegedly resulted in the theft of company data, including sensitive shareholder and employee information.
Business
Adrian Rauso

Northern Minerals targeted by Chinese cyber attack

Just a day after Treasurer Jim Chalmers ordered Chinese investors sell their stakes in Northern Minerals the strategically-important rare earths aspirant has been attacked by suspected Chinese cybercriminals.

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Rio Tinto iron ore chief executive Simon Trott at a press conference with WA Premier Roger Cook to announce the development of a new Western Australian facility to support the decarbonisation of the steel industry.
Mining
Adrian Rauso

Rio commits $215m for green steel from WA BioIron plant

After more than a decade of trial and error Rio Tinto wants to take the next step in finding out if it can use biomass material like straw, instead of coal, to churn out iron.

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Andrew Forrest with reported to be Moroccan Energy Minister Leila Benali, sharing a kiss. Unknown
Australia
Max Corstorphan

Mystery muddies Twiggy’s Paris make-out session

A denial and a decline to comment. That is the murky situation that has overshadowed romance for an Australian bachelor after a Paris pash.

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BHP CEO Mike Henry
Mining
Thomas Biesheuvel, William Clowes and Paul-Alain Hunt

Henry unloads after BHP abandons its $74b bid for Anglo

BHP’s chief executive Mike Henry has implied Anglo American was never really serious about doing a deal.

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BHP Group has abandoned its takeover bid for Anglo American. (AP PHOTO)
Australia
Staff Writers

BHP walks away from $74 billion pursuit of rival Anglo

BHP Group has abandoned its $74 billion takeover bid for Anglo American after the latter rejected an extension for more negotiations.

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BHP, helmed by CEO Mike Henry \, is chasing a deal with Anglo America as the deadline to commit to an offer approaches.
Mining
Simone Grogan & Paul-Alain Hunt

BHP pushes for more time in $74b Anglo negotiations

BHP is pressing takeover target Anglo American for more time to negotiate on a potential deal after putting a ‘range of socioeconomic measures’ in a bid to quell concerns about the complicated deal structure.

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The suit comes two years after a damning report commissioned by Rio into workplace harassment.
Mining
Simone Grogan

Workers launch sexual harassment class action against Rio

Mining giant Rio Tinto is facing a class action brought by workers and contractors to find out whether it is liable for sexual harassment and discrimination alleged to have taken place at its mine sites.

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