Fortescue Metals Group has reportedly further discounted its iron ore for February, despite beliefs the rough stretch for lower grade miners may have passed.
FMG’s highest grade iron ore will trade at
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Elliott renews BHP restructure pressure
Activist hedge fund Elliott has revitalised its push for BHP to unify its dual-listed structure, saying a restructure could be worth over $28 billion in shareholder value.
Elliott, a major BHP shareholder,
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BHP to write-off $300m in Chilean conveyors
A major expansion at BHP’s Escondida copper mine in Chile has made redundant roughly $300 million in conveyor equipment, value the miner will write-down in its FY18 finances as a result.
BHP owns 57.5%
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Rio nearing major bulk handling contracts for Amrun
Rio is reportedly developing its $2.4 billion Amrun bauxite project near Weipa with the potential to more than double in capacity, should market conditions warrant such an expansion.
Rio is said to be
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Two iron ore mines, electric car plant on horizon for Gupta
British billionaire Sanjeev Gupta has continued to blaze a trail in South Australia, with plans announced for two new iron ore mines, and a prospective electric car plant.
Gupta, chairman of the GFG Alliance
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Big lithium deal hurts juniors’ prospects
The Chilean Government’s expansion approval for one of the world’s largest lithium miners has damaged the prospects of Australia’s flock of lithium juniors.
Lithium has been the darling of the junior
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Rio AutoHaul gaining steam
Rio Tinto is set to be running its full 200-locomotive Pilbara train fleet without drivers by the end of 2018, according to an interview this week with the miner’s head of growth and innovation, Stephen
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PMs agree to grow Japan-Aus coal and gas collaboration
Japanese prime minister Shinzo Abe and his Australian counterpart Malcolm Turnbull have discussed continued cooperation between the two nations on coal, gas and hydrogen developments.
Turnbull visited
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Merged CFMEU-MUA union would be ‘too big’ to deal with, mining body says
The proposed merger of two of Australia’s biggest unions would create a $150 million super union ‘too big’ to be dealt with by the courts, according to a joint submission by the Australian Mines
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Lithium prices tipped to peak
The price of lithium will peak in 2018, as new supply comes online from Australian mines to meet the rapid growth in demand for the key electric battery material, according to market analyst Roskill.
Roskill
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