March 30, 2021

Resource-rich Australia shows vagaries of any commodity supercycle: Russell

For those seeking evidence of a new commodity supercycle, and for the sceptics of a sustained boom in natural resources, Australia’s government forecaster has it covered.

March 30, 2021

Indonesia says Fortescue, China’s Tsingshan in talks for Borneo investment

Country to build a new industrial estate for metal smelting near a planned hydropower plant on Borneo island.

March 29, 2021

Rio Tinto faces backlash over former CEO’s exit package

Company is bracing for an investor revolt after handing $9.9 million to its former CEO Jean-Sebastien Jacques, who was ousted over the destruction of sacred Aboriginal caves.

March 29, 2021

Iron ore prices jump on strong industrial activity in China

China's industrial profit surged 179% in the first two months from the year-ago period.

March 29, 2021

Australia sees record $104bn of iron ore exports this financial year

The country’s most valuable economic export is expected to earn more than A$100 billion per year for the next half-decade.

March 29, 2021

Australian Aboriginal group opposes billionaire miner’s plan to build dams

Australia is considering new legislation to protect Aboriginal heritage after Rio destroyed the 46,000-year-old sites in Western Australia.

March 29, 2021

Proposed spin-off of Nornickel copper mine may ease dividend talks

Nornickel said last week that the spin-off of the Bystrinsky mine near the Russia-China border would happen within two years subject to regulatory and other approvals.

March 28, 2021

German steelworkers reach pay deal with union

Workers will receive lump-sum payments of 250 euros each on December 28 this year and February 28, 2022.

March 25, 2021

Vale executives investigated in Brazil over Simandou deal

Police in Rio de Janeiro will investigate Vale CEO Eduardo Bartolomeo, and other executives and former directors over the deal to explore the giant iron-ore mine in Guinea.

March 25, 2021

Brazil civic groups urge production halt at Vale mine amid covid-19 concerns

Parauapebas, a city of 210,000 people where the Serra Norte complex is located, entered a lockdown due to a significant increase in coronavirus cases.