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BHP reports weaker-than-expected iron ore production on COVID ...
Thu, 21 Apr 2022 00:00:00 GMT
BHP Group on Thursday fell short of estimates for iron ore production for the March quarter, as a pandemic-related labour crunch weighed on the miners efforts to boost production in the mineral-rich Pilbara region of Western Australia. The worlds largest listed miner warned June-quarter production of the steel-making commodity is also expected to be impacted by lingering worker absenteeism, but said it remained on track to meet fiscal 2022 costs and volume forecast. Copper production at

Fortescue Community Grants program empowers young Aboriginal ...
Tue, 01 Mar 2022 00:00:00 GMT
Community grants of up to $5,000 are now available to Pilbara based community organisations, with the latest round of Fortescue Metals Groups (Fortescue) Community Grants program now

Heres why Im avoiding the record Rio Tinto ...
Wed, 23 Feb 2022 00:00:00 GMT
Miner Rio Tinto has announced its highest ever dividend. Christopher Ruane explains why the Rio Tinto dividend does not attract him to the shares. Read

Is Rio Tinto stock a no-brainer buy with its ...
Wed, 23 Feb 2022 00:00:00 GMT
Rio Tinto stock news is trending today after it reported bumper results. But can it continue to rain dividends on investors Read

Australian miners earnings to shine spotlight on iron ore prices ...
Tue, 15 Feb 2022 00:00:00 GMT
Second-half results from the Australian mining triumvirate of Rio Tinto, BHP and Fortescue are likely to draw a grim picture of a sharp drop in iron ore prices and demand from top metals consumer China. Half-year 2021 earnings at Fortescue, a pure-play iron ore miner, will likely drop by roughly a third, while six-month profit growth at more diversified, larger rivals Rio Tinto and BHP is expected to be knocked down. Prices of the steel-making commodity halved from record levels over the

Iron ore climbs as major miners face labour shortage in Australia
Wed, 26 Jan 2022 00:00:00 GMT
Iron ore futures in China and Singapore rose on Tuesday after miner Fortescue Metals Group raised concerns over a labour shortage in Australia because of COVID-19 curbs, which could hamper output and shipments of the steelmaking ingredient. Bigger rivals BHP Group and Rio Tinto have also warned of disruptions from labour shortages as Australia faces a surge of Omicron coronavirus variant cases. Iron ores most-traded May contract on Chinas Dalian Commodity Exchange ended daytime trading

Rio Tinto buys four electric trains to transport iron ore in ...
Tue, 11 Jan 2022 00:00:00 GMT
Rio Tinto Ltd will buy four battery electric trains to transport iron ore from its mines to ports in the Pilbara region of Western Australia as part of its decarbonisation strategy, the global miner said on Tuesday. The Anglo-Australian company bought the locomotives from Pennsylvania, U.S.-based rail technology firm Wabtec Corp WAB.N to help achieve its $7.5 billion plan to reduce scope 1 and 2 emissions by 50% by 2030 in the Pilbara region. A full transition to net zero emissions

Is plunging Rio Tinto (LON: RIO) a FTSE 100 ...
Wed, 17 Nov 2021 00:00:00 GMT
Here's why I reckon the Rio Tinto (LON: RIO) share price has been falling and what I'm doing about the stock at these levels... Read

Vale, Voestalpine, TKS explore steel decarbonization routes
Tue, 02 Nov 2021 00:00:00 GMT
Brazils Vale, Voestalpine, Thyssenkrupp and other steel and mining companies are navigating routes and new markets to decarbonize the steel sector, as renewable power generation and suitable iron ores remain key obstacles for slashing emissions. Companies including ArcelorMittal, BHP, Rio Tinto and Bluescope are broadening a transformative approach to their steel-related business by exploring

Australia iron ore output dips as COVID restrictions crimp labor
Thu, 21 Oct 2021 00:00:00 GMT
Anglo-Australian mining giants BHP Group and Rio Tinto cut iron ore production in the third quarter, hit by a worker shortage resulting from coronavirus travel restrictions. Western Australia, home to the iron ore mines for both industry behemoths, experienced a personnel squeeze as the travel restrictions kept mining workers from entering. Many of these employees fly in to the work sites from outside the state for a period of time. BHPs iron ore output in Australia declined 5% to 70.6

Win-or-bust month for Rio Tinto shares
Wed, 06 Oct 2021 00:00:00 GMT
Rising infrastructural demand is positive for mining giants. But is the short-term outlook of Rio Tinto shares attractive enough for long-term investors Read

Mining stocks are crashing. Should I buy Anglo ...
Mon, 20 Sep 2021 00:00:00 GMT
Mining stocks have been battered recently, due to the prices of commodities like iron ore falling. Should I buy Anglo American and Rio Tinto... Read

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