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Iron ore

April

Big mining’s decade of inflationary pressure is ending

Market updates from Fortescue, Whitehaven and Stanmore Coal suggest production costs at Australian mines are falling after almost a decade of inflation.

The Pleasants Power Station was one of three that Fortescue was considering purchasing.

American billionaire raises Fortescue lawsuit stakes to $300m

Paul Tudor Jones has been pursuing the Forrest-backed mining giant over the failure of a joint venture to redevelop coal and gas power stations in the US.

BHP chief Mike Henry has run the miner for more than five years now.

BHP chief warns of ‘significant’ economic risks from tariffs

Mike Henry says China’s ability to ramp up domestic consumption will determine if Donald Trump’s levies will create a global economic downturn.

A driverless haul truck at work at  Rio Tinto’s Gudai-Darri iron ore mine.

Rio Tinto flags $150m hit amid decade low in iron ore exports

The four cyclones that hit the Pilbara iron ore district have left the miner with a significant repair bill and a weak start to the year, the company says.

China’s President Xi Jinping still needs to fire a stimulus bazooka.

China’s economy – not tariffs – is the big risk to Australia

Despite the trade war, the iron ore price has barely blinked. But big global investors doubt that’s sustainable, and that means a big hit on our miners.

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Mark Creasy in Perth in 2019.

Rio Tinto and Mitsui target billionaire Creasy’s Pilbara iron ore

The giant miner and Japanese trading house have bid $75 million for the legendary prospector’s iron ore tenements.

BHP says China demand for iron ore to remain strong for several years

BHP executive Rag Udd says growth in the production of electric vehicles and other machinery in China is supporting the country’s demand for iron ore.

Trump tanks markets | Virgin’s IPO | ANZ in the naughty corner

Also on this week’s podcast: why Australia’s second-biggest private hospital operator is in intensive care, Star on death watch; what was the big moment in the federal election.

Ken MacKenzie leaves BHP with the miner in very strong shape.

‘We’re going to miss the boat’: departing BHP chair’s warning for Australia

Ken MacKenzie leaves with the miner in a state of relatively rare stability. But he fears Australia is failing to seize its next big opportunity.

March

The $US60 iron ore price used for forecasts in Treasurer Jim Chalmers’ budget is fanciful.

Price check on budget forecasts

Readers’ letters on the iron ore price in budget forecasts, international exposure for self-managed superannuation funds under Donald Trump, a state-run social media platform, the ACCC’s supermarkets inquiry and the plight of young men.

Multimillion-dollar Juukan Gorge remedy payments to remain secret

The charity regulator has granted the Indigenous foundation, set up after the destruction of the 46,000-year-old site, permission to redact its revenues.

Election battlegrounds, budget vote buying, do we need a DOGE?

We take an early look at the issues that should shape the election; break down the federal budget; and ask why the Reject Shop got a French champagne takeover bid.

Housing crisis; supermarket power; don’t believe the market bounce

This week we ask how the banks can help the housing crisis, look at whether the big supermarket inquiry will really change anything, and check in on our favourite entrepreneurs in the naughty corner.

Haul road closure triggers billion dollar debt worries at MinRes

Workplace safety authorities are investigating the crucial link between the miner’s Pilbara iron ore operations and port, raising new questions about shipments.

A MinRes truck crash from November. Six trucks have rolled on the miner’s new Onslow road network since August.

Latest MinRes truck crash heaps more pressure on loss-making miner

A sixth jumbo road train has rolled on the critical haul network in WA’s Pilbara, raising questions over the miner’s ability to hit its shipment targets

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Goldman has lowered its expectations for Chinese crude steel production in the June quarter due to lower steel exports than previously forecast.

Goldman sees risk of iron ore falling below $US80 a tonne

Goldman Sachs expects iron ore to average about $85 a tonne in the fourth quarter, though there’s a risk it could briefly trade even lower.

Recession fears | The business driving F1 | Tesla’s Musk problem

We break down an incredible week on markets, explain how super became the poster child for bad corporate governance and take you inside the F1 money machine.

Nicola Forrest has been slowly building out her new family office Coaxial.

Billionaire Nicola Forrest appoints UBank boss to run family office

The country’s second-richest woman has been building up the charitable and investment sides of her family office, Coaxial Foundation and Coaxial Ventures.

A steel storage yard near Hangzhou. China is curbing steel production after excess supply crippled profitability at mills.

China’s cuts to steel production pile pressure on Australian iron ore

Fund managers say the start of production at new mines in Africa, including Rio Tinto’s Simandou project, will do more to push prices down long-term.

Trump and your super | Good news on petrol | Inside the AFR’s Summit

What Trump’s historic moves mean for your super savings; what a three-year low in oil prices mean for you at the petrol pump; and inside the Financial Review’s Business Summit.

Original URL: https://www.afr.com/topic/iron-ore-5yr