Alcoa boss warns on Indonesian threat
Australia’s nickel industry has been devastated by the success of Indonesia’s downstream processing success. The same could happen to alumina and aluminium.
Australia’s nickel industry has been devastated by the success of Indonesia’s downstream processing success. The same could happen to alumina and aluminium.
Noel Pearson’s invitation to join the Fortescue board is the culmination of a long relationship between the Indigenous leader and Andrew Forrest.
If Rio Tinto doesn’t want Jabiluka developed, it should pay out the deposit’s value to minority shareholders, according to fund manager Willy Packer.
The nickel price rout will claim more victims before prices recover, according to Nickel Industries managing director Justin Werner.
The mining giant’s rail smash in May has put a dent in iron ore earnings, but the company still delivered underlying EBITDA of $US12.1bn.
The mining giant may not have captured Anglo American, but its interest in South American copper deposits is undiminished.
The lithium price is still struggling, but IGO says the giant Greenbushes lithium mine in WA is expected to lift output this year.
Mineral Resources has made spot markets work to its advantage, booking far stronger lithium prices in the June quarter than its competitors.
With Fortescue’s green spending under renewed scrutiny, analysts are asking whether the company can save the world as well as saving shareholder dividends.
Fortescue’s green energy arm will still cost the company more than $1bn in running costs this financial year, despite the sweeping wave of cuts that will see it shed about 700 jobs.
Original URL: https://www.theaustralian.com.au/author/nick-evans/page/23