Iron ore prices hit new record
The price for iron ore surged to a record US$237.57 per tonne on May 12 as strong Chinese demand continued to outpace supply. The record price levels are supported by…
Fortescue Metals Group
Rio Tinto shareholders reject former CEO’s exit package
A majority of Rio Tinto’s (NYSE: RIO; LSE: RIO; ASX: RIO) shareholders oppose the exit package handed to former chief executive Jean-Sébastien Jacques, ousted after the destruction of sacred rock shelters in…
Fortescue fast-tracks zero emissions target to 2030
Fortescue Metals Group (ASX: FMG), the world’s fourth largest iron ore producer, has brought forward a self-imposed deadline to be carbon-neutral by ten years to 2030, about two decades earlier than its…
Fortescue Metals sorry for clearing land on Aboriginal sacred site
Australian iron ore major Fortescue Metals Group (ASX: FMG) has apologized to a local Aboriginal group for clearing land on a heritage site without representatives of the community being present…
BHP’s outlook and record dividend fuel supercycle talk
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) reinforced talks of a new supercycle today by rewarding investors with a record US$5.1 billion first-half dividend and forecasting a “very constructive” outlook…
Adriatic Metals secures US$28M financing package
Adriatic Metals (LSE: ADT2; ASX: ADT) has signed agreements to raise US$28 million from two new investors – Queen’s Road Capital Investment and the European Bank for Reconstruction and Development…
Rio Tinto CEO resigns over Aboriginal site blasts
Rio Tinto (NYSE: RIO; LSE: RIO) CEO Jean-Sébastien Jacques will step down by the end of March next year over a mounting backlash against the company’s decision to destroy ancient…
Fortescue backtracks on plan that endangers Australian heritage site
Australian iron ore major Fortescue Metals Group (ASX: FMG) said today it would reevaluate an expansion plan at one of its iron ore mines in the Pilbara region, after an…
Fortescue Metals targets zero emissions by 2040
Fortescue Metals Group (ASX: FMG), the world’s fourth largest iron ore producer, has brought forward a self-imposed deadline to be carbon-neutral by 2040, ten years earlier than its closest rivals…