Gina Rinehart Mining News

Australia's Fortescue Metals appeals to regulator on Rinehart-Atlas Iron bid

NCZ Investments Pty, a Fortescue unit, seeks interim orders to restrain Gina Rinehart controlled-Redstone Corp Pty from dispatching its bidder's statement.

Australia's Mineral Resources drops out of race for Atlas Iron

The company's withdrawal means all eyes are now on Fortescue, which still has a 19.9%-stake in Atlas and has not yet disclosed whether it plans to launch a rival bid or sell its holding into Hancock’s offer.

Iron ore magnate Rinehart offers $290 million in cash for Atlas

The offer from Australian billionaire Gina Rinehart's Hancock Prospecting values Atlas shares at 17% more than price reached at Friday close.

Aussie iron ore magnate Rinehart invests in UK's biggest potash mine

Sirius Minerals’ York mine is expected to be one of the world’s largest in terms of the amount of resources extracted, generating an initial 10 million tonnes of polyhalite per year.

Aussie iron ore magnate Rinehart takes her children to court again

The move comes about 17 months after her children — John Hancock and Bianca Rinehart — won control of the family fund.

World’s biggest iron ore port shut as cyclone to hit Australia

BHP Billiton began evacuating workers from its Port Hedland export facilities early Friday.

Gina Rinehart's Roy Hill iron ore mine readies for first shipment

Roy Hill iron ore mine will soon start exporting the steelmaking material, just as prices hit a fresh seven-year low.

Gina Rinehart's Roy Hill mine to miss deadline for first shipment

The transition to production comes at a challenging time for the company, as prices for iron ore have fallen 70% since mine construction began in 2011.

Aussie billionaire Rinehart wins court battle with Rio Tinto

The mining giant will have to pay her more than $200 million in royalties and court fees.

Iron ore tycoon Gina Rinehart loses $3.8bn legal battle

She lost control of the family trust, which holds almost 25% of iron ore miner Hancock Prospecting.

Chinese miners keep digging for iron ore despite most losing money

The situation, industry officials said Friday, can’t continue for much longer.

Australian mining tycoon Rinehart makes a $3.2m bet on gold

The country's richest woman has decided to back a junior miners' joint venture in Victoria.

Iron ore slump fails to end glut as Australia mines grow

The collapse in global iron-ore prices isn’t chasing Gina Rinehart away from the red soil of Western Australia that made her a billionaire.

Rinehart children's Roy Hill lawsuit to be fought in public

Billionaire iron ore tycoon Gina Rinehart loses fight to keep secret court proceedings in family dispute over ownership of Roy Hill and Hope Downs iron ore mines.

Rinehart's children launch Roy Hill ownership suit

In new federal suit, estranged children seeks greater share of Gina Rinehart's most prized assets – Hope Downs and $10 billion Roy Hill iron ore mines.

Queensland wants coal waste to be dumped onshore, not near reef

The state government submitted an application to the federal government for 3mn m³ of dredging material to be disposed on land.

Australia kills unpopular mining tax

The decision is considered a key political victory for Prime Minister Tony Abbott.

Rinehart's Roy Hill starts owner-operator mining

When Australia's richest person launched the ambitious $10 billion, 55m tonnes a year project iron ore was trading at more than $130 a tonne.

New $15bn coal mine in Australia to hire over 5,000 workers

And that's only during the construction phase.

Aquila dives as China’s Baosteel warns no better bid coming

Baosteel chairman Dai Zhihao threatened to dump the company's 19.8% stake and said it would not extend the offer past the July deadline.

China's Baosteel faces competition in bid for Aquila Resources

Mineral Resources, which also operates small iron ore mines, now owns a 12% stake in Aquila.

Mining investment in Australia falls again as boom fades

Spending committed by mining and energy companies to start or expand projects fell 14.6% to US$212bn at the end of April from $248bn a year earlier. That is a $36 billion drop.

Australian government eliminates mining tax

The announcement was part of the Federal Budget unveiled Tuesday night, considered the toughest in almost two decades.

Australia gives green light to new $15bn coal mine despite Barrier Reef qualms

Adani Group's mine, designed to eventually produce 60 million tonnes of thermal coal a year, has been the focus of ongoing opposition.

UNESCO to place Great Barrier in high risk list unless Australia steps up protection efforts

The UN body is especially worried about Australia's decision to allow dredging and dumping of 3 million tonnes of dredge spoil in reef waters, as part of a coal port expansion.