BHP will go ahead with the long-awaited collapse of its awkward dual-listed corporate structure in a move the mining giant says will reduce duplication and make its internal processes more efficient.
China is set to ramp up domestic production of iron ore as it moves to cuts its reliance on overseas supply from the Pilbara’s biggest players.
The close working relationship between mining billionaires Gina Rinehart and Chris Ellison has again been highlighted after Roy Hill extended a contract with the crushing division of Mineral Resources.
Citi says there is better value in other iron ore miners after FMG’s strong recovery.
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David R Baker and Joe Deaux
Industry sources estimate less than 5 per cent of WA’s resources workforce remains unvaccinated ahead of Wednesday’s government-mandated deadline, with companies not expecting any impact on operations.
Brazil’s Vale just gave some much needed supply-side support to a nascent recovery in iron ore prices, lowering its production guidance for this year and issuing a lower-than-expected projection for next year.
WA mining billionaires Gina Rinehart and Chris Ellison will join forces in a landmark deal to develop new port facilities at Port Hedland as each look to expand iron ore exports.
The billionaire has closed a deal to sell one billion tonnes of Pilbara iron ore to Chinese group CITIC
Almost all the senior executives of WA’s biggest resources companies say they are fully vaccinated ahead of a State Government deadline for FIFO workers to have had their first jab before Wednesday.
Mineral exploration expenditure for the September 2021 quarter was up 32 per cent from the same time last year, according to data from the Australian Bureau of Statistics.
Mining magnate Gina Rinehart’s flagship company has seen a big rise in profit to more than $7 billion after its coffers were boosted by record iron ore prices.
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Some of WA’s biggest resources employers are preparing to fly unvaccinated workers home from site ahead of a State Government-imposed deadline on December 1.
Gina Rinehart has warned WA’s regulatory regime that an ‘efficient and effective’ framework for the development of new projects will be vital to attract the dollars needed to build the mines of the future.
The Federal Government has ruled out calls by WA iron ore entrepreneur Andrew Forrest to phase out the $7.8 billion diesel fuel rebate.
Stuart McKinnon and Jenne Brammer
If current prices persist, iron ore would average about $US106 a tonne for 2021-22, against the $US121/t assumed in the WA Budget.
The magnate has recorded her biggest payout after iron ore prices rocketed to record highs last financial year.
Mineral Resources boss Chris Ellison has made a broad appeal for a potentially new breed of mine worker amid the State’s acute labour shortage, saying the company could change the lives of people who joined.
Mineral Resources boss Chris Ellison says he doesn’t know how the company will deal with workers who refuse to get their first COVID jab before a looming government-mandated deadline on December 1.
Former Resolute Mining boss John Welborn will take the chairmanship at Fenix Resources in an apparent bloodless coup at the junior iron ore miner’s annual meeting on Tuesday.
Unions are appealing for resources companies to be sensitive and respectful of their workforces ahead of a looming mandatory COVID jab deadline on December 1.
Iron ore’s rout halted as expectations build for an easing of the real estate turmoil in China that’s battered demand.
BHP has been forced to defend its decision to merge its petroleum division with Woodside after facing a barrage of questions on the proposed transaction at the company’s annual meeting on Thursday.
© West Australian Newspapers Limited 2021