Forrest’s Fortescue raises fresh doubts over green energy projects
Andrew Forrest-led Fortescue blames Donald Trump, European policymakers and the looming federal election as it thinks twice on green hydrogen projects.
Andrew Forrest-led Fortescue blames Donald Trump, European policymakers and the looming federal election as it thinks twice on green hydrogen projects.
Andrew Forrest-owned Wyloo unveils a deal to take control of a big rare earth project.
Glencore boss Gary Nagle says the mining industry has been a ‘whipping boy’ in Australia in recent years, and warned high power costs were a major threat to its Mt Isa Mines copper smelter and refinery.
The immediate future of a Rio Tinto-backed Tomago aluminium smelter that underpins the NSW energy market hangs in the balance as 560 workers dig in for a fight over pay.
His board backs him to the hilt, Chris Ellison says, while telling analysts MinRes is primed for strong cash flow growth. Meanwhile, his stake plunged $142m in value.
BHP is questioning the wisdom of large-scale acquisitions in the sector after its $77bn takeover tilt at Anglo American.
The mining giant says the outcome of union attempts to regain a foothold in the iron ore industry will have a big bearing on investment after its dividend fell to an eight-year low.
BlueScope has hailed Trump tariffs as a net positive, but is pushing the Albanese government to implement tough anti-dumping measures against China.
Rio Tinto will be playing catch-up with its struggling iron ore operations for the rest of this year but has come through the latest cyclone to hit the WA coast in better shape than first feared.
The lithium heavyweight will shut a processing plant in China as it continues to cut costs, in a move that casts more doubt on the future of refineries built in WA.
Original URL: https://www.theaustralian.com.au/author/brad-thompson/page/6