The Onslow Iron haul road is looking better and the new chairman left a good impression — that was the verdict from a throng of analysts inspecting Mineral Resources’ most important project.
Adrian Rauso
NRW Holdings is reaping the rewards of Rio Tinto’s iron ore replenishment pipeline with a second contract from the mining giant in the space of three months.
The company’s stock is down after production guidance was slashed — but one outspoken MinRes critic believes ‘a giant leap forward’ has been made.
Mineral Resources has again slashed output guidance from its crucial Onslow Iron project, blaming trucking contractors for being too slow on its problematic haul road.
Royalties billionaire Clive Palmer dealt last minute blow in bid to blame CITIC for nickel wreckage.
Neale Prior
WA’s most profitable iron ore miner, BHP, trimmed down its local headcount by approximately 100 last week.
WA’s environmental regulator is putting its faith in Rio Tinto to adequately manage the potential for ‘severe’ asbestos contamination of drinking water.
The market has digested the shock news that Rio Tinto’s head honcho is on the way out, seemingly not of his own volition, a decision that could have massive ramifications and leaves unanswered questions.
The sudden departure of Rio Tinto chief Jakob Stausholm took everyone by surprise.
Jakob Stausholm, the chief executive of Rio Tinto, will step down from his role and leave the company altogether.
Adrian Rauso and Simone Grogan
Fortescue is now confident its Iron Bridge magnetite mining operation can run at full tilt by the 2028 financial year, five years after the problematic project produced first concentrate.
Mineral Resources has named its man to lead a rebuild of the miner’s depleted board and regain the trust of shareholders left burnt by a series of scandals.
Daniel Newell and Adrian Rauso
An Aurizon train laden with iron ore broke down this morning and blocked a key transport route linking inland WA to Geraldton Port.
A Supreme Court judge has ordered Clive Palmer’s Mineralogy and CITIC Pacific to have one last crack at mediation as they continue to fight over expansion delays at the Sino Iron project.
The superannuation fund has bailed out of Mineral Resources over persistent ‘serious governance concerns’, but shares in the embattled miner have risen.
So far, the battle for the future of Sino Iron and its 3000 workers has played out in the courtroom. Yesterday, it shifted. The West joined a Supreme Court judge on his tour of the sprawling mine.
Clive Palmer’s Mineralogy has intensified its attacks on disclosures by Citic Pacific as they fight over the future of the $20 billion Sino Iron project.
Rio Tinto has questioned a mounting union push in the Pilbara claiming its blue collar workers are some of the highest paid in the country, as a campaign to ditch the miner’s London home narrowly misses out.
Simone Grogan
A Tasmanian iron ore pellet producer and the Southern Ports Authority have pulled plans for a $2.3 billion magnetite mine and a 110 kilometre-long slurry pipeline planned for WA’s Great Southern region.
The departure of director Denise McComish left MinRes in breach of listing regulations that require its audit and risk committee to have at least three directors and be led by an independent chair.
Sean Smith
Fortescue’s goal of hitting full capacity at its high-grade Iron Bridge mine by the end of the year looks uncertain, as does a pre-2030 target to start making money from its green energy ventures.
Simone Grogan and Daniel Newell
The local business provides high-voltage electrical maintenance services for the resources sector, with a focus on iron ore mines.
Shareholders in Mineral Resources have breathed a sigh of relief despite the company losing $250 million of cash in the March quarter and net debt swelling to $5.4 billion.
Adrian Rauso and Daniel Newell
A football team’s worth of lawyers joined CITIC Pacific’s fight with Clive Palmer for the future of its $20b Sino Iron project in the Pilbara.
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