![Led by Rio, the mining giants have started a new wave of investments.](http://web.archive.org./web/20170830011901im_/https://www.fairfaxstatic.com.au/content/dam/images/1/0/0/h/r/y/image.related.wideLandscape.460x259.gy6ve7.png/1504049107305.jpg)
Rio, BHP: Iron ore kings are spending billions again
Australia's biggest iron ore producers are spending as much as $US10 billion on mines to keep pumping out shipments to China.
Australia's biggest iron ore producers are spending as much as $US10 billion on mines to keep pumping out shipments to China.
Jakarta: US mining giant Freeport McMoRan has signalled it believes a breakthrough agreement allowing it to continue operating a massive gold and copper mine in Indonesia will win the approval of Rio Tinto.
Claims that Shenhua's restricted coal mining will avoid affecting the aquifers of the rich farmlands of the Liverpool Plains are "false and ignorant", former state and private agronomists have said in a letter to Premier Gladys Berejiklian.
A federal police anti-bribery taskforce is examining if ASX listed firm Iluka Resources has breached Australian corruption laws.
The Federal Court of Australia has thrown out two other bids to stop the controversial Adani coal mine going ahead in central Queensland.
South32 has flexed its dividend policy and will pay well above its minimum commitment, as it distributes a massive $US334 million worth of final dividends.
Corporate high-flyer Grant King will leave the board of mining giant BHP at the end of the month, deciding not to stand for election at its annual general meetings this year after his appointment six months ago sparked a backlash from some investors.
​Businessman Clive Palmer has faced a Brisbane court over a legal bid by government-appointed liquidators to freeze almost $220 million of his personal assets.
BHP chief executive Andrew Mackenzie has pledged that the revitalised miner's plans would deliver "shareholder returns for decades to come", acknowledging that poor investment decisions had come at a cost.
Activist shareholder Elliott Management will be emboldened to pursue other demands it thinks necessary for BHP to clean up its act.
Traditional owners have faced another legal setback in their quest to block Adani's proposed coalmine in central Queensland.
BHP chief executive Andrew Mackenzie has admitted the miner's entry into the onshore US shale industry was poorly timed and it "paid too much" as it revealed plans to sell the controversial assets.
The paucity of independent monitoring of waste water from coal mines in NSW is leaving communities exposed to decades of pollution, long after mining operations have ceased, Ian Wright, a leading water ecologist, said.
Investors have savaged BlueScope shares after it flagged competition and power prices would hurt its profit at the same time as announcing long-serving CEO Paul O'Malley would retire.
Iron ore miner Fortescue Metals Group has more than doubled its net profit, to $US2.1 billion ($2.7 billion) and pledged to reward shareholders with a bigger dividend.
Fortescue's generosity to shareholders marks the final stage in its evolution from a highly speculative upstart to a mature company with reliable positive cash flow.
Investors have savaged BlueScope shares after it flagged competition and power prices would hurt its profit at the same time as announcing long-serving CEO Paul O'Malley would retire.
A vast improvement in BHP's results for fiscal 2017 compared to the previous year is expected to be among the highlights of a frenetic few days of reporting season this week, as the focus shifts gear to mining.
Coal mining in Sydney's catchment is having a "cumulative and possibly accelerated" impact on water flows but its full effect is unknown because of a lack of data and monitoring.
Thailand's military government has lifted its controversial ban on Australian miner Kingsgate's gold mine in northern Thailand.
Surging coal prices and an increased share of metallurgical coal sales in total coal sales have helped propel Whitehaven Coal to a record profit result.
Mining company Adani has been accused of financial fraud in India, sparking calls for an almost $1 billion taxpayer-funded loan for its proposed Australian mine to be ruled out.
Activist investor Elliott Management has racheted up the pressure on BHP, repeating its call for the mining giant to sell its US shale assets, as Elliott said it now owned 5 per cent of BHP's British shares.
NSW planning rules that require greenhouse gas emissions be taken into account when approving major projects will be tested in court in a challenge to a coal mine extension.
Iron ore in the $US70s a tonne may be as good as it gets for some time. The metal "is just too plentiful" to sustain its recent price gains as China pares back its steel production, Citigroup reckons.
Hedge fund Elliott Management has raised its stake in BHP Billiton to 5 per cent, stepping up a campaign to make the top global miner quit all or part of its petroleum business, boost returns and ditch its dual listing.
A secret inquiry by Iluka Resources has embroiled a leading Sierra Leone presidential candidate, a cabinet minister and high ranking officials in an international bribery scandal.
Four Queensland mines which failed to meet dust monitoring laws designed to protect workers from the deadly black lung have escaped closure or prosecution.
Queensland Nickel's government-appointed liquidators claim Clive Palmer has demonstrated a "habitually cavalier attitude" as a corporate director, evasiveness about his personal finances and an ability to move money out of Australia.
Australia's biggest gold miner Newcrest Mining has unveiled a new policy for rewarding shareholders after posting a 22 per cent jump in underlying profit.
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