Rio Tinto has reduced its guidance for iron ore shipments from Western Australia after contending with labour shortages and development delays during the September quarter.
The 2021 Deloitte WA Index paints a strong picture of the economic gains achieved by the state’s mining companies. Nickolas Zakharia writes.
As the build-up continues to the pandemic-delayed UN Climate Change Conference (COP26), all eyes – and hopefully all agendas – are on how to reach net-zero carbon emissions.
The Federal Government has approved Whitehaven Coal’s Vickery extension project in New South Wales, which will see an additional 135 million tonnes of coal produced at the site over a 30-year mine life.
Port Hedland’s exports have dropped to six-month lows in August amid weakening iron ore prices and simmering demand from China.
KPMG has identified structural shifts between major mineral producing nations as a major risk for Australia’s resources sector.
Australia has surpassed China as the largest gold producer for the first half of the year due to higher output from the country’s major miners, according to Surbiton Associates.
Lower steel margins and strict production controls in China are driving down iron ore prices, according to a report by CRU Insight.
The iron ore price has continued to falter in August after dropping to below $US130 ($180) per tonne last Thursday.
Mineral Resources has delivered its highest-ever earnings in the 2020-21 financial year and remains confident of continued growth despite COVID-19 challenges.