Aussie giant’s big move to get rich in Africa
Australia’s biggest miner boasts operations in Australia, Chile and Canada, and now it’s making a new play for Africa.
Australia’s biggest miner boasts operations in Australia, Chile and Canada, and now it’s making a new play for Africa.
The Australian sharemarket booked a second consecutive day in the red on Wednesday as escalating global trade tensions continued to rattle investors.
Administrators have revealed Whyalla steelworks was haemorrhaging $1.5m in losses per day before its forced administration.
The local stock market tanked on Friday on the back of a Wall St bloodbath and a new Trump tariff threat that sent the big miners into a tailspin.
A leading mining figure has delivered a dark speech warning that Australians will need to “do more, move faster and work harder” to maintain prosperity.
One of the world’s biggest mining companies has shifted their focus away from iron ore, towards the mineral it believes will drive the global energy transition.
Cutbacks like this are rare, given Rio Tinto still makes a staggering profit shipping iron ore to China.
The ASX200’s three day winning streak came to an end on Tuesday, as markets digested President-elect Donald Trump’s announcement on US tariffs.
Police have charged 170 climate protesters over their alleged involvement in temporarily shutting down a major shipping channel in Newcastle.
Police say on Sunday, a large group of people entered a shipping channel and interfered with the movement of vessels.
Mineral Resources faced a fiery AGM, as the board addressed shareholders for the first time since allegations of misconduct by founder Chris Ellison were aired.
A mining giant boss has apologised after a review into its workplace culture exposed multiple allegations of sexual assault, bullying and racism in the past year.
Australia could miss out on $70 billion a year if it does not pivot to producing “green iron” as countries like China decarbonise.
A Perth-headquartered miner has freed three detained staff in West Africa by paying a military government nearly $250m.
Original URL: https://www.themercury.com.au/business/companies/mining/page/5