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    Today

    Former Fortescue executives Bart Kolodziejczyk (left) and Michael Masterman.

    Forrest says Element Zero execs burned bridges ‘like Nazis’

    Fortescue chairman Andrew Forrest has distanced himself from surveillance tactics used against former employees, but fully supported the IP lawsuit against them.

    • Peter Ker
    Andrew Forrest is promising a leaner, meaner Fortescue. But who’s listening?

    Fortescue’s hydrogen back-flip fails to become sugar hit it should be

    One of the issues hanging over the miner is partly gone. So why aren’t fund managers jumping in? They may be more concerned by the company’s other big problems.

    • Anthony Macdonald

    Yesterday

    Andrew Forrest’s says Fortescue will remain financially disciplined as it pursues its green vision.

    Reality bites for Forrest’s hydrogen dream. Investors won’t mind

    The biggest shake-up of Fortescue’s structure and strategy in years will be music to the market’s ear, but is more evidence the energy transition is spluttering.

    • James Thomson
    Gina Inc brings together Amy Zempilas and Adam Giles to spruik the portfolio.

    ‘Twiggy’ Forrest and Gina Rinehart stick their boots in

    The ultra-billionaires have a new realm in which to duel: boots.

    • Mark Di Stefano

    Labor’s hydrogen dream stalls as Fortescue slims down H2 vision

    Fortescue will cut 700 jobs and slow its push into green hydrogen in a blow to the Albanese government’s plan to make Australia a hydrogen superpower supported by more than $8 billion of taxpayer funded incentives.

    • Peter Ker and Angela Macdonald-Smith
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    BHP breaks iron ore export record, promises copper lift

    The mining giant could raise copper production by 10 per cent in the year ahead as its most important commodities offset nickel and coal woes.

    • Peter Ker

    This Month

    Sir Rod Carnegie had a major influence over Australian mining, business and national economic policy in the 1980s.

    Australia’s blue blood miner, management moderniser and business nationalist

    During his heyday in the 1970s and ’80s, Sir Roderick Carnegie was a believer in the power of big corporations competing in open markets to drive human progress.

    • The AFR View
    The likes of Rio Tinto are shipping plenty of Australian iron ore from the Pilbara, but what about the pipeline of new projects?

    Resources sector’s No.1 health indicator flashes red

    It’s good that Rio Tinto shipped 80 million tonnes of iron ore from the Pilbara in June, but think about what’s happening below the surface in Australian resources.

    • Anthony Macdonald
    The vendors of the Vivian mine. Alex Hewlett and Kelvin Flynn.have a strong track record making money for investors, with one or both being involved in driving value creation at Red Dirt Metals (now Delta Lithium), Spectrum Metals, Mineral Resources, Silver Lake Resources and Wildcat Resources.

    Labyrinth Resources buys Vivien mine, launches equity raising

    Vivien was one of the most profitable mines when it was in Ramelius Resources’ stable.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Gina Rinehart’s Hancock Prospecting says there is a growing case to push forward with a $5 billion magnetite project.

    Rinehart boosts stake in $5b WA magnetite project linked to India

    Australian richest person, Gina Rinehart, is set to strengthen ties with India as the case for a new magnetite mine starts to stack up.

    • Brad Thompson
    Australia’s long-standing iron ore trade faces a trio of threats in the coming years.

    Beware the triple threat to Australia’s China riches

    Approvals for Rio Tinto’s new $34 billion Simandou mine are a reminder that the next 30 years for the iron ore sector will look much different to the last. 

    • James Thomson

    IGO flags impairment in second wave of nickel pain sweeping WA

    There is no end in sight to the company’s nickel nightmare as it warns of a $275 million writedown on exploration assets.

    • Brad Thompson
    Rio Tinto’s plan to develop Simandou has taken a step forward.

    Rio Tinto’s $34.3b African iron ore project gets green light

    Soft iron ore exports from Western Australia were overshadowed by final approvals for the Simandou iron ore project in Africa.

    • Peter Ker
    Liontown Resources boss Tony Ottaviano says Chinese lithium buyers can’t be ignored.

    Liontown stops holding out on sending lithium to China

    Liontown Resources will do deals with China after all, admitting it is impossible to ignore the world’s biggest buyer of lithium.

    • Brad Thompson
    Tesla cars in front of the company’s plant in California. The carmaker has several supply agreements with Australian miners, including Liontown.

    Liontown lithium supply test of faith for Tesla after BHP nickel halt

    Nickel and lithium have had a rocky ride over the past 18 months. But the outlook cannot be wider for the biggest local players in each commodity.

    • Brad Thompson
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    Sir Rod in 1998 when he chaired Adacel Technologies.

    Rod Carnegie: corporate giant felled at the final hurdle

    Sir Rod Carnegie soared across the corporate sky in the ’70s and ’80s but was thwarted in his attempt to secure full Australian local control of mining giant CRA.

    • Andrew Clark
    Lithium prices have slumped over the last year, with Citi suggesting a weaker share price at Arcadium, a major producer, could be an opening for Rio Tinto.

    Should Rio Tinto buy out this ASX lithium miner? Citi thinks so

    The investment bank told clients that acquiring Arcadium Lithium could be a more economic option for the iron ore giant than developing its own projects.

    • Joshua Peach and Tom Richardson
    Carnegie is flanked by Ron Walker (left) and Lloyd Williams after a Hudson Conway annual general meeting.

    Tributes for Rod Carnegie, driving force for corporate nationalism

    Sir Rod Carnegie, who had a major influence over Australian mining, business and national economic policy in the 1980s, has died at the age of 91.

    • Andrew Clark
    Palace Hotel owner Ashok Parekh: “It just seems to me that in a market like this, the state and federal governments are not really seen to be doing much about it.”

    No cheers for politicians at Kalgoorlie pub as nickel work dries up

    The federal and WA governments are under the gun from people caught in the crossfire of BHP’s call to suspend nickel operations.

    • Brad Thompson and Tom Rabe
    The BHP nickel refinery at Kwinana.

    Glencore warns of nickel job losses unless labour costs controlled

    BHP’s decision to shut its nickel mines, smelter and refinery is already being felt across families, communities and other mining companies and businesses.

    • Brad Thompson, Tom Rabe and James Hall