The big iron ore miners will kick off profit reporting season on Wednesday with Rio Tinto providing its half-year results.
Mineral Resources chief Chris Ellison’s stake in the mining and services group has been revalued above $1.3 billion after a sharemarket rally today that propelled WA companies to record highs.
Demand for iron ore, particularly from China, has helped lift Australia's trade surplus to a record $13.3 billion in June.
First deliveries from South Flank in the Pilbara have helped the mining giant break production records as prices from the steel-making ingredient continue to hold a all-time highs.
BHP Group and Vale could have to pay $26 billion in a final damages settlement over the 2015 Mariana dam disaster.
Rodrigo Viga Gaier
The iron ore producer is leading a group of like-minded juniors seeking to ramp-up efforts to export product through the port of Esperance.
Pilbara iron ore is expected to drive a $25 billion windfall to shareholders as the upcoming reporting season propels the industry to what could prove the peak of its profit powers.
The Dean Tuck-led explorer believes in looking for mineral deposits in unloved areas that others have written off.
New Rio Tinto boss Jakob Stausholm has admitted the mining giant is operationally ‘not where we want to be’ after it posted a significant drop in iron ore shipping in the last quarter.
Without WA’s record iron ore trade the Federal Government would not have had the financial flexibility to support NSW, leading economists believe.
Pilbara Ports Authority chief executive Roger Johnston believes elevated iron ore prices above $US200/t could continue for another 18 months.
Andrew Forrest-controlled iron ore miner Fortescue Metals Group has moved its two billionth tonne of ore using its autonomous haulage system.
Rio Tinto has struck a partnership with South Korean steel giant POSCO to explore and develop a range of technologies to decarbonise the steel value chain.
Danielle Le Messurier
Mining giant appoints Isabelle Deschamps to succeed Barbara Levi as chief legal and external affairs officer.
Fortescue Metals Group says it has met a self-imposed target to achieve a range of milestones as part of its green energy initiatives, including the production of high-purity green iron.
The company has released a pre-feasibility study for the South Australian magnetite project that gives it an initial capital estimate of of up to $675 million.
Gina Rinehart’s Hancock Prospecting has emerged with mixed results from a side-court battle to Wright Prospecting’s bid to win royalties from the Hope Downs iron ore mine.
Fly-in, fly-out workers who had been forced to extend their swings on remote sites will be allowed to return home from tonight with colleagues relieving them.
Mining heir Julian Wright alleged he was cheated out of his share of one of WA’s most famous mining fortunes by his scheming siblings.
Tim Clarke and Shannon Hampton
Data from the Australian Bureau of Statistics today showed Australia booked a record trade surplus with China in May, driven mainly by iron ore exports.
The State is poised to bank an absolutely eye-watering amount in additional iron ore royalties.
Swiss investment bank UBS has played down talk of a commodities super-cycle, saying the fundamentals aren’t in place to support it.
A one-time Chinese-backed partner of Sundance Resources has signed a draft agreement with the Government of Cameroon to develop the stalled Mbalam-Nabeba iron ore project in Africa.
Iron ore is again the dominant commodity that is expected to drive Australia’s export earnings from resources to a new record of $310b this financial year
© West Australian Newspapers Limited 2020