Australia is projected to earn A$136 billion (US$104 billion) from iron ore exports during this financial year, as global steelmaking activity rebounds from a COVID-led downturn. A report released by the Australian government on Monday showed that the country’s most valuable economic export is expected to...
Australia-based mining giant Fortescue Metals Group (FMG) has announced that it will focus on growing the renewable energy segment of its business to rival fossil fuel companies and eventually reach its net zero emissions target by 2040. At its recent AGM, Fortescue founder and chairman Andrew...
Fortescue Metals Group has been ranked among the best companies internationally for supporting the development of female leaders by not-for-profit organisation parity.org. The Pilbara-based iron ore miner was one of 34 companies included in parity.org’s 2020 Best Companies for Women to Advance List, and was the...
Rio Tinto has apologised to the traditional owners of a 46,000-year old sacred indigenous site that was blown up with dynamite during work to expand its iron ore operation in Australia’s Pilbara region. The Anglo-Australian mining giant destroyed two ancient caves last week in Juukan Gorge,...
Rio Tinto will de-escalate its COVID-19 controls across its Western Australian operations as the state enters its second phase of easing restrictions relating to controlling the spread of the pandemic. The mining giant plans to gradually revert work rosters across its operations in the coming weeks...
Australian gold explorer De Grey Mining has been granted a trading halt by the ASX pending the release of a capital raising announcement. The company is raising funds to continue drilling at its Mallina Gold Project in the Pilbara region of Western Australia, having delivered a string...
Rio Tinto has approved a US$98 million investment to build a solar plant and lithium-ion battery storage system which will power its Koodaideri iron ore mine in the Pilbara region of Western Australia. The 34MW facility will be comprised of an estimated 100,000 panels and is...
Rio Tinto has approved a US$749 million investment in its Greater Tom Price operations, to help sustain production capacity at its iron ore business in the Pilbara region of Western Australia. The Anglo-Australian miner’s investment in the Western Turner Syncline Phase 2 (WTS2) mine will facilitate...
BHP has become the latest mining giant to consider exiting thermal coal as climate change pressure from investors and activists continues to push companies away from polluting fossil fuels. According to unnamed sources familiar with the matter, BHP is looking at options to divest its thermal...
Rio Tinto has become the latest mining company to launch a large-scale iron ore replenishment drive in Western Australia, after it announced it would spend US$1.55 billion to maintain production capacity at two projects. The Anglo-Australian major and its joint venture partners Mitsui & Co and...