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.
Magnetite Mines has contracted Hatch to complete the process plant section of its definitive feasibility study (DFS) for the Razorback iron ore project in South Australia.
Fortescue Metals Group has commenced a progressive restart of its Solomon Hub iron ore operations in Western Australia following a worker incident.
Fortescue Metals Group has halted operations at the Solomon Hub iron ore operation in Western Australia following an incident involving an employee.
Iron ore supply chains are expected to bear the brunt of the industry’s transition to decarbonisation and will require costly investments to stay relevant, a Fitch Solutions report has revealed.
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.
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.
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 has finalised its acquisition of a 40 per cent share of the Red Hill iron ore joint venture (RHIOJV) in Western Australia.