June 20, 2023

Andrew Forrest to transfer $3.39bn stake in Fortescue to his philanthropic foundation

Forrest transferred ownership of 220 million Fortescue shares worth to Minderoo Foundation.

June 20, 2023

Norway to open its waters to deep-sea mining

The country's government has outlined details of a plan to open its sea floor to commercial mineral exploration and extraction.

June 19, 2023

Rio Tinto autonomous iron ore train derailed

The miner said a probe had been launched after one of its autonomous trains derailed on Saturday evening, leaving no injured.

June 18, 2023

New study quantifies violations of Indigenous peoples’ rights by extractive industries

Ten universities joined forces to conduct the largest quantitative analysis to date of the violations of Indigenous peoples’ rights by extractive and industrial developments.

June 16, 2023

Billionaire Forrest ‘can’t wait forever’ for $80 billion Congo hydro deal

Grand Inga would be the largest single source of renewable energy globally, with about double the capacity of China’s Three Gorges Dam.

June 16, 2023

Column: Iron ore dances between China stimulus optimism and soft economic reality

The spot price of iron ore has gyrated in recent weeks, driven by hopes for more stimulus from Beijing and concerns that the run of soft economic indicators is likely…

June 15, 2023

Brazil’s Gerdau to invest $667 million in sustainable mining platform

Gerdau said it will use the iron ore obtained from the new platform on four steel production units.

June 13, 2023

Rio Tinto inks deal to bring iron ore rail car manufacturing to Pilbara

Rio intends to invest about $101 million to acquire 100 domestically built ore rail cars over six years.

June 13, 2023

Billionaire Forrest calls Musk a ‘muppet’ over fuel cell doubts

Andrew Forrest, founder of Fortescue Metals, said doubters of hydrogen fuel-cell technology, including Elon, are “muppets.”

June 12, 2023

Iron ore price falls nearly 4% after Goldman’s China property warning

The investment bank said in a note that it sees persistent problems in Chinese real estate.