The supply/demand dynamics benefit Australia’s iron ore miners, according to the latest research by the Macquarie Group.
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Rio Tinto has hit back at a push to make it more accountable for carbon emissions produced by its customers, including Chinese steel makers.
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The hit comes just days after the miner’s investors were handed a $4 billion special dividend.
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Miner will pay a special dividend worth $4 billion, or $2.43 cent a share, as it recorded its highest annual underlying earnings in the last five years.
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World’s second largest miner has confirmed an “exciting” copper find at its Winu project, in the Paterson Range in the East Pilbara.
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Wood Mackenzie says close to 8 million tonnes of seaborne supply from Brazil is at risk in 2019.
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Brazilian iron ore supply disruptions to be expected – Report Read More »
The autonomous Papua New Guinea region of Bougainville has rejected controversial changes to its mining law, said to be aimed at letting a new company extract the island’s riches.
The post Bougainville’s $58B gold-copper mine safe for now as Mining Act changes rejected appeared first on MINING.com.
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A key asset is the Oyu Tolgoi copper project in Mongolia, which will partially diversify the miner’s earnings away from iron ore.
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Vale production cuts could have “outsized” impact in shorter term with spot prices predicted to return to $100-plus per tonne in summer.
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A research report by Wood Mackenzie states that electrification and automation will be a key priority for global mining companies.
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