Iron ore
‘Getting punched in the face’: Investors brace for iron ore falls as China tensions linger
The AUKUS defence pact is unlikely to have a material impact on iron ore prices in the short-term, investors say, but warned of longer-term risks of pinning the country’s defence strategy to the US.
- by Charlotte Grieve
Latest
Iron ore’s freefall hits Australian miners as China curbs steel output
The price of Australia’s biggest export is plunging as top customer China seeks to cut steel output and reduce carbon emissions.
- by Nick Toscano
Opinion
WA budget
WA’s cashed-up bogan budget: You can see why Mark McGowan took the treasury portfolio
This West Australian state budget resembles the caricature of the state’s most famous stereotype: the cashed-up, FIFO bogan.
- by Gareth Parker
Updated
WA budget
WA records biggest ever budget surplus as McGowan warns ‘wildly angry’ states to back off
The mining state posted a $5.6 billion surplus for the 2020-21 financial year, which was $2.5 billion more than anticipated by Treasury officials in February thanks to $11.3 billion in royalties paid by its iron ore sector.
- by Hamish Hastie
Analysis
WA budget
WA on track to deliver record-breaking surplus after avalanche of iron ore royalties
The current iron ore price average estimate for 2020-21 is US$134 per tonne but with its surge from April to June this will land much higher.
- by Hamish Hastie
Opinion
Coal
China’s ban on Australian coal has an expensive sting in its tail
China banned Australian coal imports late last year. It’s now paying a high price.
- by Stephen Bartholomeusz
Guinea coup attempt sparks concerns for bauxite, iron ore miners
A consortium involving Rio Tinto, Alcoa and Alumina Limited is closely monitoring reports of a military coup in Guinea
- by Nick Toscano
Opinion
Opinion
A perfect storm is brewing for Australia’s iron ore miners
A number of factors in China have combined to sink the iron ore price from its boomtime levels earlier this year and some will have lasting effects on demand for Australia’s most valuable commodity.
- by Stephen Bartholomeusz
Olympic pools at resort-style mining camps for high-flying Mineral Resources
The iron ore and lithium miner has booked a $1.27 billion profit over the past financial year as the company rides high on commodity prices.
- by Peter de Kruijff
Miners take Silicon Valley approach in pitching industry to investors
How Aussie miners took the ‘clean’ and ‘green’ approach at the nation’s largest industry conference to try and sell gold, battery metals, and everything in between to create a new energy economy.
- by Peter de Kruijff
Dateless federal vaccination plan just a ‘wish list’, Roy Hill boss says
The chief executive of Gina Rinehart’s mining company Roy Hill says the national vaccine rollout targets need solid dates attached, while calling for international clearing hubs to bring in overseas workers.
- by Peter de Kruijff