Fitch Solutions expects iron ore prices to ease in the short-term as supply improves and demand growth slows. Read more
Mineral Resources has delivered its highest-ever earnings in the 2020-21 financial year and remains confident of continued growth despite COVID-19 challenges.
Fortescue Metals Group has restarted the Cloudbreak iron ore mine in Western Australia following a COVID-19 scare last week.
The 2021 Deloitte WA Index has revealed mining companies have added significant value to the state’s total market capitalisation.
Mineral Resources (MinRes) plans to acquire a 40 per cent interest in the Red Hill iron ore joint venture (RHIOJV) in Western Australia from Red Hill Iron for $400 million. Read more
Fortescue Metals Group has broken iron ore shipment records for the June quarter and 2020-21 financial year off the back of bullish demand.
BHP expects to achieve its cost guidance for the 2021 financial year at the Western Australia Iron Ore and Queensland Coal operations after breaking production records.
Rio Tinto is aiming to lift its performance in the Pilbara region in the second half of the year after recording a 9 per cent fall in iron ore production during the June quarter. Read more
Wood Mackenzie has forecast that lower Chinese demand will be the driving factor that causes iron ore prices to decrease by more than 10 per cent in the coming months.
The market value of the world’s top 25 metals and mining companies has declined by 6.9 per cent in June after two straight months of increases, according to S&P Global Market Intelligence data.