A dig into the mining giant’s numbers tells quite a story about the significant changes it has made to how it is spending the vast volumes of cash it is generating.
Billionaire Andrew Forrest’s troubled foray into producing high-grade ore has suffered another setback.
The miner may write down the value of its WA nickel business after the price of the steel-making ingredient plunged by almost a quarter over the past 12 months.
It was another steady year for Rio Tinto’s base business of selling Australian iron ore in 2023,but many investments elsewhere remain troublesome.
Normally,the saying is you need money to make money,but in WA it seems you need ore to make more – and keep a close watch on China,costs and the energy transition.
The global resources giant expects to dig up 1.5 billion tonnes of iron ore in Africa over the next 26 years,stimulating its growth and expenses.
Chris Ellison’s Mineral Resources wants a five-year exemption from a Western Australian ban on the export of onshore gas,arguing it would help shore up domestic supply in years to come.
Hundreds of train drivers at BHP’s massive Western Australian iron ore mining operations have voted to start industrial action amid a pay dispute.
The deadline to launch five green hydrogen projects this year is closing,but the miner’s results reveal the commitment may not be as definitive as it appeared.
Rio Tinto boss Simon Trott told employees that the inside of the rock shelter was intact,but the body representing the traditional owners says they came to a different conclusion.
The expected drop in earnings from resources and energy exports highlights the perils facing an economy already struggling with the RBA’s aggressive tightening of monetary policy.