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.
Adrian Rauso
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.
Neale Prior
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.
Clive Palmer’s Mineralogy wants a new permit for something “secret” on mining tenements where the billionaire’s company has repeatedly failed to pay its dues.
The union infiltration of BHP is spreading from mine to port after the iron ore giant was hit with a bargaining application covering more than 300 workers.
The Australian Council of Superannuation Investors has questioned how shareholders can be assured Chris Ellison will abide by plans to step down by mid-2026 when questions over board exits go unanswered.
Clive Palmer has claimed he will allow CITIC Pacific to keep mining at the Sino Iron project less than a week out from a courtroom showdown that was to settle a standoff over the operation’s future.
Mining giant BHP is again being threatened by a union, with its two flagship iron ore mines increasingly the target of unions trying to muscle into the mineral-rich Pilbara.
Mining magnate Clive Palmer has added more kindling to an already fiery legal tussle against Chinese iron ore miner Citic, which has dismissed his new claims as a “distraction”.
Mining giant BHP says it expects to see little fallout on its operations from Donald Trump’s sweeping tariffs but is more concerned by whether it could pull the handbrake on economic growth.
Daniel Newell
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