China’s deflating property bubble and declining birth rate are,at last,grabbing the attention of Treasurer Jim Chalmers.
A faster than expected drop in iron ore prices will hit the budget bottom line.
Weeks ago Fortescue dumped a target to be a major producer of green hydrogen by 2030,but Andrew Forrest still insists his native Pilbara can supply the globe with green iron.
Australia’s mining lobby has slammed industrial relations law changes that have helped unions get a toehold in the country’s largest export.
There will no pay rises for senior employees this year and fewer perks for office workers ahead of a massive reduction in the miner’s remote workforce.
Fortescue’s founder Andrew Forrest last month said he had no knowledge of the extensive spying conducted on ex-staff and their families,including children.
If the steel industry was a country it would be the world’s third-largest emitter of greenhouse gases after the United States and China.
Mining billionaire Andrew Forrest’s Fortescue will slash 700 jobs,as the company tempers its ambition to be a major producer of the clean fuel hydrogen.
Billionaire Andrew Forrest’s Fortescue has been accused of failing to disclose “material” information when it secured a warrant to raid the homes and offices of ex-Fortescue staff,who have been accused of stealing the iron ore group’s intellectual property.
Billionaire Andrew Forrest’s Fortescue seeks to suppress a 600-page document detailing spying on ex-staff amid allegations of stolen intellectual property.
The billionaire mining magnate’s company hired private investigators amid allegations of stolen intellectual property.