If the $2 billion taxpayer bailout of the unprofitable Whyalla steel mill was confounding a few weeks ago,it now looks ludicrous in the light of the new US tariffs.
Construction of the Brockman 4 project will begin this year and production will commence in 2027,a year earlier than previously anticipated,Rio said in a filing on Thursday.
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.
The iron ore giant says the public is being misled into believing that low-quality carbon offset schemes will lead to net zero,despite evidence that only reducing fossil fuels will work.
Macarthur Minerals has pulled in a big gun to advance its Moonshine iron ore project in WA,securing the services of mining executive Nigel Jones.
Mining giant Rio Tinto has warned China’s crisis-stricken property market poses an ongoing threat to Australia’s most valuable export,iron ore.
Macarthur Minerals has received a further $250,000 payment from selling the rights to mine and develop its WA Lake Giles Ularring iron ore play.
The iron ore giant confirmed on Thursday Gel Aguaviva,a deck fitter on board its bulk carrier RTM Zheng He,went missing on December 26.
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”.