Rio Tinto warns of an uncertain future for Australia's largest aluminum smelter
Rio Tinto warned that Australia's biggest aluminium smelter Tomago may have to close down if it cannot source power at rates commercially viable beyond 2028, when its current electricity deal expires.
Australian shares rise as miners and financials gain on the easing of US-China trade tensions
Australian shares rose Monday as signs of easing U.S. China trade tensions boosted risk sentiment worldwide. However, investors' caution before key domestic inflation data which…
Trump reverses Biden's rules on copper smelters
The U.S. president Donald Trump reversed on Friday a Biden-era rule on air pollution that had set stricter limits for emissions from copper smelters. Under updated federal air standards…
SNB divests from extractive industries with new divestment.
Swiss National Bank sold its stake in Anglo Australian miner Rio Tinto, adding to a recent series of divestments by companies in the extractive industries. LSEG data show. Unsere…
Woodside rallies to cap losses; miners and tech drag Australian shares down
Australian shares dropped for the second session in a row on Thursday. Mining and tech stocks were to blame, but losses were mitigated by Woodside Energy's surge following new investment in Louisiana LNG.
Australian shares rise as gold and banks shine ahead of RBA's decision
Australian shares rose Monday, boosted by bank and gold stocks. This was ahead of the central bank's policy meeting scheduled for later this week. The markets expect the bank to maintain rates.
Bloomberg News reports that Glencore is in talks with Kamoto Copper Co to sell its stake.
Bloomberg News reported that Glencore, a miner and trader, has been in discussions about selling its controlling stake in an entity that runs a large copper and cobalt operation in the Democratic Republic of Congo.
BHP is likely to name the first female CEO of its 140-year history.
The Financial Times reported that BHP Group will likely appoint Geraldine slattery as its first woman chief executive since 140 years. Slattery is the head of the miner's Australia operation.
Anglo-Teck merger proposal could end mining consolidation deadlock
Anglo American's and Teck Resources' planned $53 billion merger announced on Tuesday is a major breakthrough following years of failed consolidation efforts in the mining sector.
Andy Home: A quiet revolution is taking place in the mining industry
If the world wants to move away from fossil fuels, it will need to have a large amount of copper. Can the mining industry meet this demand? The challenges are enormous. The challenges are huge.
Rio Tinto: No economic incentives for green steel in Australia
Rio Tinto, along with BHP, played down Australia's chances of developing a "green-iron" sector to help decarbonise its steel industry on Thursday because the country lacked the economic incentives for doing so.
Mining giants squeeze their dividends to fund growth
This earnings season has seen large miners pay out the lowest dividends they have paid in years. Mineral prices are falling and they must retain cash to fund their massive development plans…
Fortescue iron ore shipments rise; scraps US, Aussie green hydrogen projects
Fortescue, a miner in Australia, announced record fourth-quarter shipment numbers on Thursday. This helped Fortescue meet its top-end full-year guidance. It also said that it will scrap its U.S.
BHP: Australian green iron is too expensive despite joint China agreement
BHP, a major miner, said that it would be too expensive for Australia to develop a "green-iron" industry. This is despite the fact that Australia and China had agreed to work…
BHP: It is too expensive to build an Australian green iron industry, as PM calls for China collaboration
BHP, a major miner in Australia, has stated that it would be too expensive for Australia to develop a "green-iron" industry. This comes after Australia and China decided to…
Australia declares World Heritage Listing to Protect Indigenous Carvings
The government announced on Saturday that securing World Heritage status for Australia’s Murujuga Rock art will help to protect the ancient Indigenous carvings located in an industry hub.
Freeport-McMoRan is poised to benefit from Trump's tariff on copper against competitors with few options
Freeport-McMoRan's annual profit could increase by $1.6 billion if President Donald Trump’s proposed copper tariff is implemented. This benefit would be driven by Freeport-McMoRan's…
Russell: Trump's tariffs on copper won't boost US production, but will increase costs
The proposed 50% tariff on imported copper may be the most embarrassing own goal in the ongoing trade war between the United States and the rest of world. Trump announced Wednesday…
Russell: Trump's tariffs on copper won't boost US production, but will increase costs
The proposed 50% tariff on imported copper may be the most embarrassing own goal in the ongoing trade war between the United States and the rest of world. Trump announced Wednesday…
Copper futures rise after Trump announces a 50% tariff on imported copper
The President Donald Trump announced that he would announce a 50% copper tariff on Tuesday in order to increase U.S. production. Copper is a critical metal for electric vehicles…