Showing 1 to 12 of 12 results
Rio Tinto's Profit Falls 16% on Lower Iron Ore Prices
Rio Tinto reported its smallest first-half underlying profit in five years at $4.81 billion, a 16% decrease year-on-year due to falling iron ore prices and rising costs at its Pilbara operations; the company also declared its lowest interim dividend in seven years at $1.48 per share.
Rio Tinto's Profit Falls 16% on Lower Iron Ore Prices
Rio Tinto reported its smallest first-half underlying profit in five years at $4.81 billion, a 16% decrease year-on-year due to falling iron ore prices and rising costs at its Pilbara operations; the company also declared its lowest interim dividend in seven years at $1.48 per share.
Progress
36% Bias Score
Australia-China Trade Ties Projected to Generate A$105 Billion by 2025-26
Western Australia's Minister for Mines and Petroleum, David Michael, highlighted the strong Australia-China trade relationship, particularly in iron ore, projecting A$105 billion in export earnings by 2025-26 and emphasizing collaboration on green technologies for a sustainable future.
Australia-China Trade Ties Projected to Generate A$105 Billion by 2025-26
Western Australia's Minister for Mines and Petroleum, David Michael, highlighted the strong Australia-China trade relationship, particularly in iron ore, projecting A$105 billion in export earnings by 2025-26 and emphasizing collaboration on green technologies for a sustainable future.
Progress
44% Bias Score
Macarthur Minerals Delists from TSX-V and OTC Markets
Macarthur Minerals, an Australian iron ore explorer, is delisting from the TSX-V and OTC markets on May 16, 2024, to consolidate its investor base on the ASX due to minimal trading activity in North America and to reduce costs and compliance burdens. The company's shares will remain active on the AS...
Macarthur Minerals Delists from TSX-V and OTC Markets
Macarthur Minerals, an Australian iron ore explorer, is delisting from the TSX-V and OTC markets on May 16, 2024, to consolidate its investor base on the ASX due to minimal trading activity in North America and to reduce costs and compliance burdens. The company's shares will remain active on the AS...
Progress
40% Bias Score
Mitsui's $5.3 Billion Iron Ore Investment in Western Australia
Mitsui invested $5.3 billion in a 40% stake of the Rhodes Ridge iron ore deposit in Western Australia, boosting the Wright family's wealth by the same amount and securing a long-term supply of high-grade ore amidst shifting global steel demand.
Mitsui's $5.3 Billion Iron Ore Investment in Western Australia
Mitsui invested $5.3 billion in a 40% stake of the Rhodes Ridge iron ore deposit in Western Australia, boosting the Wright family's wealth by the same amount and securing a long-term supply of high-grade ore amidst shifting global steel demand.
Progress
48% Bias Score
Cyclone Zelia Brings Record Rainfall and Flooding to Northwestern Australia
Ex-tropical cyclone Zelia brought record rainfall and flooding to northwestern Australia's Pilbara region, causing at least 63 evacuations and widespread road closures, but no deaths were reported; however, major flooding is expected to persist into next week.
Cyclone Zelia Brings Record Rainfall and Flooding to Northwestern Australia
Ex-tropical cyclone Zelia brought record rainfall and flooding to northwestern Australia's Pilbara region, causing at least 63 evacuations and widespread road closures, but no deaths were reported; however, major flooding is expected to persist into next week.
Progress
28% Bias Score
Macarthur Minerals Appoints Mining Veteran to Advance Moonshine Iron Project
Macarthur Minerals hired mining executive Nigel Jones to help develop its massive 1.3-billion-tonne Moonshine magnetite iron ore project near Lake Giles, Western Australia; Jones's firm will receive a $15,000 monthly fee in Macarthur shares.
Macarthur Minerals Appoints Mining Veteran to Advance Moonshine Iron Project
Macarthur Minerals hired mining executive Nigel Jones to help develop its massive 1.3-billion-tonne Moonshine magnetite iron ore project near Lake Giles, Western Australia; Jones's firm will receive a $15,000 monthly fee in Macarthur shares.
Progress
56% Bias Score
Australia-China Trade Ties to Generate A$105 Billion by 2026
Western Australia exported 920 million metric tons of iron ore in 2022, with over 84 percent going to China, generating an anticipated A$105 billion in revenue by 2025-26; this highlights the strong and mutually beneficial economic ties between the two, despite global headwinds.
Australia-China Trade Ties to Generate A$105 Billion by 2026
Western Australia exported 920 million metric tons of iron ore in 2022, with over 84 percent going to China, generating an anticipated A$105 billion in revenue by 2025-26; this highlights the strong and mutually beneficial economic ties between the two, despite global headwinds.
Progress
40% Bias Score
China's Steel Shift Threatens, but Also Presents Opportunity for, Australia's Iron Ore Industry
China's demand for higher-quality iron ore to produce cleaner steel threatens Australia's \$100 billion iron ore export industry, but a shift to 'green iron' production using renewable energy could generate up to \$386 billion annually by 2060, according to the Superpower Institute.
China's Steel Shift Threatens, but Also Presents Opportunity for, Australia's Iron Ore Industry
China's demand for higher-quality iron ore to produce cleaner steel threatens Australia's \$100 billion iron ore export industry, but a shift to 'green iron' production using renewable energy could generate up to \$386 billion annually by 2060, according to the Superpower Institute.
Progress
40% Bias Score
Iron Ore Price Plummets, Hitting Australian Miners
Falling iron ore prices, hitting a six-year low of $100.15 per ton due to decreased Chinese demand and increased US tariffs, significantly impact smaller Australian miners while larger producers remain relatively stable.
Iron Ore Price Plummets, Hitting Australian Miners
Falling iron ore prices, hitting a six-year low of $100.15 per ton due to decreased Chinese demand and increased US tariffs, significantly impact smaller Australian miners while larger producers remain relatively stable.
Progress
40% Bias Score
Cyclone Zelia Causes Widespread Flooding in Western Australia
Ex-Tropical Cyclone Zelia, initially a category four cyclone, made landfall in Western Australia on Friday, causing widespread flooding and property damage from record rainfall (up to 500mm in three days) and 120km/h winds; 63 people were evacuated by helicopter from Warralong.
Cyclone Zelia Causes Widespread Flooding in Western Australia
Ex-Tropical Cyclone Zelia, initially a category four cyclone, made landfall in Western Australia on Friday, causing widespread flooding and property damage from record rainfall (up to 500mm in three days) and 120km/h winds; 63 people were evacuated by helicopter from Warralong.
Progress
40% Bias Score
WA Iron Ore Revenue Soars by \$529 Million, but Future Challenges Loom
Western Australia's iron ore revenue exceeded expectations by \$529 million due to higher iron ore prices (US\$98 per tonne) and a weaker Australian dollar (64.40c per US dollar), resulting in a \$3.2 billion operating surplus; however, rising prison costs and potential trade war impacts pose future...
WA Iron Ore Revenue Soars by \$529 Million, but Future Challenges Loom
Western Australia's iron ore revenue exceeded expectations by \$529 million due to higher iron ore prices (US\$98 per tonne) and a weaker Australian dollar (64.40c per US dollar), resulting in a \$3.2 billion operating surplus; however, rising prison costs and potential trade war impacts pose future...
Progress
40% Bias Score
Cyclone Sean Halts Exports as Eastern Australia Faces Flooding
Tropical Cyclone Sean, a category two storm, is impacting Western Australia's Pilbara coast, halting iron ore and LNG exports, while eastern Australia faces flooding and storm damage from heavy rains and swollen dams.
Cyclone Sean Halts Exports as Eastern Australia Faces Flooding
Tropical Cyclone Sean, a category two storm, is impacting Western Australia's Pilbara coast, halting iron ore and LNG exports, while eastern Australia faces flooding and storm damage from heavy rains and swollen dams.
Progress
36% Bias Score
Showing 1 to 12 of 12 results