Today
Pessimistic iron ore, coal forecasts give Chalmers room to wriggle
Treasury assumes that iron ore and coal prices will fall from their present elevated level back to their long-run levels by the end of the March quarter in 2025.
- Karen Maley
- Opinion
- Chanticleer
Anglo American shapes up for $64b fight with BHP
Anglo American has pulled out a takeover defence with the works. Now, it has to convince shareholders not to side with BHP.
- Anthony Macdonald
China’s biggest mine on Aussie soil makes $820m profit
Chinese conglomerate CITIC made a profit of almost $820 million on magnetite operations in WA that it says are under threat because billionaire Clive Palmer refuses to hand over more land.
- Brad Thompson
Yesterday
Rio investigates latest iron ore train derailment
Rio Tinto’s driverless trains are under scrutiny after the third derailment in 11 months at iron ore operations in WA.
- Brad Thompson
This Month
Iron ore’s big China property problem isn’t going away
Pockets of strength in the Chinese steel market have boosted the raw material after a plunge below $US100 a tonne early last month but investors are cautious.
- Annie Lee and Jessica Zhou
WA taps Albanese for $200m critical minerals hub
WA has earmarked land near where Alcoa is closing its alumina refinery and a BHP nickel refinery is hanging by a thread for a critical minerals processing hub it wants the Albanese government to co-fund.
- Brad Thompson
Investors return to Chinese stocks on housing policy hope
Battered Chinese assets are getting a second look as a combination of earnings recovery, policy support and cheap valuations lure investors.
- Charlotte Yang and Iris Ouyang
- Exclusive
- WA budget
WA to raise iron ore projections in budget
The WA government will increase its long-term price assumptions for iron ore at this week’s state budget.
- Tom Rabe
Forrest accuses US of sacrificing green dream to fossil fuel lobby
Fortescue founder Andrew Forrest unleashed on the US government over a threat to tax credits that underpin an $836 million green hydrogen project in Arizona.
- Brad Thompson
April
Resources funds bounce back as commodity rally intensifies
Fund managers are betting on a fresh batch of copper, gold and oil producers to help lift their returns following a challenging period for commodity investors.
- Alex Gluyas
- Opinion
- Chanticleer
BHP’s complex bid for Anglo American is a bet on the future
After years of shrinking to greatness, BHP boss Mike Henry is eyeing a deal that could deliver a triple victory. But it’s complex, and possibly risky.
- James Thomson
MinRes says $1b debt-reducing haul road sale is still on track
The iron ore and lithium miner expects to sell a stake in a haul road by June 30 as it weighs up a big investment in onshore gas processing.
- Brad Thompson
Fortescue playing catch up on iron ore shipments
The Andrew Forrest-led miner is adamant it can hit the lower end of guidance for shipments in 2023-24, despite its problems over the past three months.
- Brad Thompson
Sims says ‘high cost’ Australia-made fixation threatens green steel
The federal government’s “Made in Australia” policy threatens to destroy the country’s chance at making “green” steel, economist Rod Sims says.
- Elouise Fowler
South32 manganese mine repairs to take a year after cyclone in NT
Shares shot up 9 per cent in ASX-listed manganese producer Jupiter Mines after South32 confirmed global supply of the ore will be curtailed.
- Elouise Fowler
$25b economic hit built into forecasts for iron ore epicentre
The value of production linked to Port Hedland, where most of the iron ore mined in WA is loaded for export, is expected to peak at $89.2 billion this year before a steep fall to $64.2 billion in 2027-28.
- Brad Thompson
- Opinion
- Chanticleer
Why China could deliver BHP, Rio and FMG a double blow
China’s peak demand for iron ore has likely passed, and the rebalancing of steel from construction to export sector may see iron ore caught up in increasing trade tensions.
- Updated
- James Thomson
China’s iron ore demand may have peaked, RBA warns
The country’s shrinking population is posing a multi-decade headwind for mining industry profits and government revenue.
- Updated
- Michael Read
BHP suffers new productivity hit in Queensland coal
Another downgrade means the miner spends almost seven times more money to dig a tonne of coal out of the sunshine state as it does for each tonne of iron ore in WA.
- Peter Ker
Rio Tinto playing catch up on iron ore
Mining giant Rio Tino has maintained full-year guidance for its flagship iron ore operations despite a dip in shipments in the first three months of 2024.
- Brad Thompson
