Australia Top Stories

Fortescue cuts 700 jobs, slows down green hydrogen plans

Fortescue is revising plans to become a major green hydrogen producer, citing high energy costs as the main reason for restructuring and layoffs.

Cecilia Jamasmie | July 17, 2024 | 6:09 am

Rio Tinto names Shell’s Katie Jackson as new copper chief

Jackson, who is the current president of National Grid Ventures,…

Cecilia Jamasmie | July 17, 2024 | 3:33 am

Rinehart’s Hancock weighs $3.3 billion iron ore mine project

Hancock acquired a 51% interest in the Mt Bevan project…

Bloomberg News | July 16, 2024 | 3:59 pm

BHP posts second straight year of record iron ore production, beats estimates

The world's largest listed miner said iron ore output from…

Reuters | July 16, 2024 | 3:41 pm

Rio Tinto ready to build Simandou after almost 30 years of setbacks

Simandou has faced delays due to legal disputes, political changes,…

Cecilia Jamasmie | July 16, 2024 | 3:54 am

BHP launches major worldwide restructuring, AFR reports

The changes led by CEO Mike Henry will see several specialist teams disbanded and their functions reassigned in a bid to cut costs and simplify operations.

Bloomberg News | February 28, 2024 | 2:55 pm

South32 to sell Illawarra project for $1.65 billion

CEO Graham Kerr said the deal will streamline the company's portfolio and unlock capital to invest in development projects in copper and zinc.

Reuters | February 28, 2024 | 1:48 pm

Australia considers tax credit for minerals processing, says industry group

The government is considering a 10% production tax credit that would apply to companies developing processing facilities for critical minerals.

Reuters | February 28, 2024 | 9:58 am

Legacy uses AI to discover platinum in Australia

Proponents predict AI will be indispensable to help the industry ramp up the supply of battery metals for the global energy transition to fight climate change.

Colin McClelland | February 26, 2024 | 8:14 am