Donald Trump is considering tariffs on one of the 21st century’s most crucial metals. It’s good news for Rio Tinto and BHP but an own goal for the president.
The world’s biggest miner is turning to copper as iron ore demand wanes. It’s time to go for a mega takeover BHP has always shied away from:Going after the biggest copper mine of all.
The Australian sharemarket closed in the red,dragged down by energy stocks and banks,after the Reserve Bank warned not to expect further cuts.
The largest Australian miner has slashed its interim dividend and also posted a weaker profit.
Demand for iron ore,which has long been the core of BHP’s earnings,may have peaked,but the miner’s copper production bodes well for the future.
If either side needs to compromise on the takeover price to get a transaction done,it’s Glencore that needs to make sacrifices now to secure a better future.
Australian mining giant BHP is ramping up its output of copper,one of the most sought-after metals in the clean energy shift.
It proved to be a volatile year for the big end of town,but it’s investors who face a day of reckoning.
The West Australian government has announced the location that will be turning Pilbara iron ore into steel,making the state finally “more than just a quarry”.
Two class actions filed allege the world’s two largest miners sent female staff to remote sites knowing there was a high risk of personal danger,and then punished them when they reported it,