The price of iron ore futures has dropped below US$100 ($137.60) a tonne on the Singapore Exchange as shipments from Port Hedland in Western Australia also continue to decline.
Iron ore decline hits Port Hedland
Port Hedland’s exports have dropped to six-month lows in August amid weakening iron ore prices and simmering demand from China.
China tensions impact Australian mining supply and demand
KPMG has identified structural shifts between major mineral producing nations as a major risk for Australia’s resources sector.
Mineral Resources offloads $328 million Pilbara Minerals interest
Mineral Resources has sold its 5.4 per cent stake of Pilbara Minerals in an effort to focus on its hard-rock lithium and iron ore assets.
Mineral Resources secures WA foothold with Red Hill
Mineral Resources has finalised its acquisition of a 40 per cent share of the Red Hill iron ore joint venture (RHIOJV) in Western Australia.
What sets Australia’s top companies apart?
Five Australian mining companies have made the cut in the PwC Mine 2021 report’s Top 40 list. Here’s why they are among the leaders.
Mineral exploration in Australia continues to grow: ABS
Mineral exploration expenditure has increased by 33 per cent in the year to June 2021, according to data from the Australian Bureau of Statistics (ABS).
Fortescue sets sail with highest-ever earnings
Fortescue has delivered its highest iron ore shipments in history at 182.2 million tonnes for the 2020-21 financial year, driving up earnings into record territory.
Analyst predicts steeper decline for iron ore prices
Lower steel margins and strict production controls in China are driving down iron ore prices, according to a report by CRU Insight.
Iron ore price slump continues
The iron ore price has continued to falter in August after dropping to below $US130 ($180) per tonne last Thursday.