A Fortescue Metals Group train has ploughed through a truck on tracks near Tom Price in WA’s Pilbara.
Sam Jones and Daniel Newell
The rare earths miner has finalised a deal with the US Government to build a processing plant in Texas, with the Department of Defence set to pick up half the tab.
The figure is up more than 500 per cent on the net profit the Andrew Forrest-led company delivered in the previous first half.
The relatively small impact suggests there’s little economic need for the country to bow to Beijing’s pressure.
The deal comes as the contractor closes in on its full takeover of Perth-based mining specialists Primero.
The Pilbara Ports Authority told all large vessels to clear the terminal overnight in anticipation of the arrival of the first tropical cyclone of the summer.
The McGowan Government will invest $1.6 million to fast-track approvals for WA mining projects as new applications surge.
Departing Woodside boss Peter Coleman has snapped up a luxurious holiday home on the Old Dunsborough beachfront for a cool $5 million.
Mining billionaire Andrew Forrest will discuss his experiences during a recent five-month trip around the world amid the COVID pandemic in an ABC Boyer Lecture to be broadcast on Saturday.
Santos managing director Kevin Gallagher has a clear message for Australian industry - get more efficient, just like Santos did.
Mining boss Bill Beament says reports of university students being heckled for studying mining courses is another example of the Eastern States not recognising the importance of the sector.
The Bill Beament-led miner, which will formerly merge with Saracen next month, has reported fourth-quarter gold sales at the upper end of its previously stated guidance.
The biggest US aluminium maker warns that higher costs may weigh on its earnings this quarter, muting any optimism from better-than-expected results at the end of 2020.
The diversified miner’s WA and Brazilian alumina operations outperformed last quarter but it flagged operating cost pressures, with an update expected next month.
China has shunned imports of Australian copper ores and concentrates amid rising tensions between the two nations, with imports in December falling to zero.
Tom Daly and Emily Chow
Lithium miner says it will keep the adjacent mine on care and maintenance while it evaluates the operation and formulates a strategy to integrate it into its Pilgangoora project.
Analysts warn diminishing margins for steel-makers in China could cap further rises in the price of iron ore despite supply pressures remaining.
Gold has declined in the opening weeks of 2021 as Treasury yields gained along with the US currency, while stocks also advanced.
BHP has increased the quantity of iron ore it expects to produce this fiscal year, following the restart of an operation in Brazil.
Aspiring anode producer to accept $30m under its original $10m share purchase plan after shareholders responded eagerly to its discounted raising.
The Big Australian has achieved record half-year iron ore production from its Pilbara operations but flagged a hefty charge for its NSW coal division.
The Minerals Council is seeking to eradicated sexual harassment in the mining workforce after 40pc of respondents to a survey reported some form of inappropriate behaviour in the past five years.
Bullion has fallen more than 3 per cent this year as benchmark Treasury yields and the greenback climbed on forecasts that COVID vaccines and stimulus packages will aid the economic recovery.
The mining giant is seeking further consultation with Traditional Owners over the mine following last year’s Juukan Gorge disaster.
© West Australian Newspapers Limited 2020