This Month
FIFO mining camp operator bleeds cash as losses mount
French company Sodexo’s expansion into Australian FIFO camps has racked up nearly $177 million in cumulative losses over the past nine years.
- Peter Ker
Spotlight falls on outliers as miners embrace paid parental leave
Miners are sweetening benefits to attract female employees. Yet Macmahon, a major employer, is resisting paid time off for new parents.
- Elouise Fowler and Mark Wembridge
Resources fundies reveal top picks ahead of ‘stellar’ 2025
Some portfolio managers are chasing the elusive surge in copper stocks or braving the lithium sector, while others plan to ride the rally in bauxite and silver prices.
- Alex Gluyas
The billionaire, the mine, the minority stake and her lover
It’s 14 years since Gina Rinehart transferred ownership of a company to her late lover. The company controls a stake in her next big mine, but who controls it?
- Peter Ker
December 2024
Iron ore faces ‘riot point’; Airliner crashes; Bushfire threat rises
Read everything that’s happened in the news so far today.
Iron ore faces ‘riot point’ in 2025 as Rio Tinto floods the market
The mining giant’s Simandou project will bring a fresh wave of supply late next year, further exacerbating growing stockpiles of the steel-making ingredient at Chinese ports.
- Alex Gluyas
Chalmers’ low iron ore forecasts open door for more spending
The government’s mid-year budget continues to price in iron ore at $US60 next year, offering scope for revenue upgrades and even more government spending.
- Alex Gluyas
Iron ore to average 10pc less in 2025: Goldman
Goldman Sachs’ Aurelia Waltham sees two years of declines ahead for iron ore, with the steel-making material potentially averaging below $US80 a tonne in 2026.
- Timothy Moore
- Opinion
- Governance
I sent Andrew Forrest 50 hard questions. He invited me to have a talk
After months of reporting, and only carefully worded written responses from Fortescue, I found myself with the iron ore billionaire on the company jet in the Pilbara.
- Primrose Riordan
Fortescue’s Game of Thrones moment
When the firm’s troubled Iron Bridge mine blew its budget and fell behind schedule, Andrew Forrest called a meeting likened to the series’ “red wedding” scene.
- Primrose Riordan
- Opinion
- Chanticleer
Mercurial Forrest is approaching a vital moment at Fortescue
In coming years, Andrew Forrest must juggle growing pressure on his flagship iron ore business, a capital-hungry decarbonisation program, and a push into green iron.
- James Thomson
MinRes asks for gag order on former executive to be lifted
The request, agreed to by the Federal Court, means the company’s board can obtain its own advice and regulators can access previously confidential documents.
- Mark Di Stefano
Rio Tinto outlines 40pc surge in copper as it pivots from iron ore
The mining giant told investors Australian iron ore would provide just over half of its future earnings, down significantly from its current dominant role.
- Peter Ker and Elouise Fowler
Lithium bear market tipped to intensify in 2025
Bank of America has slashed its forecasts for the battery mineral and also warns that iron ore could fall to $US75 a tonne. But there is one commodity that the broker is tipping will go on a tear next year.
- Updated
- Alex Gluyas
ASX to test record as iron ore defies the bears
The local sharemarket is set to open within striking distance of another record high as iron ore continues its climb above $US100 a tonne.
- Alex Gluyas
November 2024
Thyssenkrupp to cut 11,000 jobs at struggling steel unit
The layoff plan would shrink a business that has lost billions of euros to a global steel glut and rising energy prices.
- William Wilkes
MinRes investigates truck crash on Onslow haul road
Another truck has crashed on the road connecting MinRes’ new Onslow iron ore hub, which is critical source of income for the highly indebted miner.
- Peter Ker and Mark Wembridge
Ellison reveals ‘dark cloud’ in MinRes’ day of reckoning
The billionaire founder presented a mix of contrition and defiance over the company’s governance scandals at the shareholder meeting on Thursday.
- Mark Wembridge and Peter Ker
ASX investors are missing out on a global dividend boom
Income investors are being encouraged to look beyond the ASX for dividend growth as Australian companies reduced payouts in the August reporting season.
- Alex Gluyas
- Opinion
- Chanticleer
Why iron ore could fall 25pc next year (and it’s not Trump)
China’s struggling stimulus and strong production means the market for the steel-making ingredient will move further into oversupply next year. That’s bad news.
- James Thomson