Iron ore price drops after Trump’s China tariff threat
US President Donald Trump said that he could hit China with 10% tariffs on all imports from as early as next month.
Traditional Aboriginal owners in the Pilbara stand to receive more than $2 billion over 40 years under a watershed agreement with Rio Tinto that sets a new standard for negotiations between miners and indigenous Australia.
Seven years in the making, the land-use agreement with five Aboriginal groups will allow about 40 new iron ore mines to proceed in an area of 70,000sqkm