February 21, 2024

Rio Tinto reports 12% profit drop but returns more cash to investors

The miner said it expects Pilbara production costs to rise in 2024 due to persistent labor and parts inflation.

February 20, 2024

Rio Tinto inks renewable power purchase deal for Gladstone operations

Rio Tinto will buy 80% of all power generated from the Bungaban wind energy project over 25 years.

February 20, 2024

Kumba Iron Ore to cut 490 jobs as rail crisis hits output, shares fall

Restructuring to impact 10% of Kumba's workforce.

February 20, 2024

Vale eyes more battery systems in its operations

Vale is looking at expanding the use of industrial batteries to power ports and mining sites.

February 19, 2024

BHP says nickel faces “difficult multi-year run”

BHP's strong revenue growth of 6% was underpinned by higher iron ore and copper prices.

February 19, 2024

Australia’s iron ore giants to lean conservative on dividends, analysts say

BHP and Rio Tinto are expected to report earnings flat to slightly lower.

February 19, 2024

Iron ore price slides as rising stocks, weak steel margins blur demand outlook

Iron ore inventory at major Chinese ports surveyed rose 4% during Lunar New Year holiday.

February 16, 2024

Vale board split on future of current CEO, say sources

One Reuters source said the situation was difficult to solve and a new vote had not been scheduled.

February 15, 2024

Guinea talks carbon tax on mines as it seeks $4.3 billion loans

Guinea is among the world’s top producers of bauxite, a raw material used to produce aluminum.

February 15, 2024

Vale to follow BHP on new provisions over dam failure, analysts say

Analysts have calculated an additional provision between about $3.5 billion and $3.6 billion to match BHP provisions for the year.