This Month
New BHP boss has work cut out for him to deliver copper future
Mike Henry’s appetite for change defied initial perceptions. Now Brandon Craig must prepare for gathering storms.
BHP’s new CEO will shift the Big Australian’s centre of gravity
Brandon Craig is a miner’s miner and an ideal candidate to bridge the gap to the company’s copper-tinged future. But he faces a steep learning curve.
Iron ore falls victim to wild markets as prices reverse
Fresh off its biggest weekly gain in more than a year, the iron ore price reversed suddenly on Monday and is expected to keep falling.
China eases ban on BHP iron ore as steel mills rush to buy
Some Chinese steel makers have been urgently transporting popular grades to their plants this week after the CMRG signalled a potential expansion of the blacklist.
Iron ore cargoes diverted from the Middle East as conflict intensifies
Benchmark iron ore futures surged more than 4 per cent toward $US110 a tonne in Singapore as war chokes one of the world’s most critical shipping lanes.
Australia built its wealth on iron ore. Now China holds the cards
Pro-growth policies that strengthen economic resilience would help us weather global economic firestorms, such as the oil price-induced panic that engulfed markets.
Record China iron stockpiles heap pressure on budget revenues
Beijing’s drawn-out battle to control prices and a property market slowdown has seen the commodity pile high at ports, strengthening its hand against miners.
China’s state iron ore buyer summons traders on BHP restrictions
China Mineral Resources Group Co and BHP have been caught in a months-long standoff in talks for long-term contracts on behalf of China’s mills.
China’s lowest growth target since 1991 is a warning for Australia
As President Xi Jinping steers China towards a leaner economy, our iron ore giants will face a reality check.
We need to adapt to a world where disruption is no longer episodic
In a more competitive and fragmented global environment, success will be determined by who competes best on the fundamentals: certainty, speed and capability.
February
Fortescue rewards investors after record ore shipments boost profit
The Andrew Forrest-led miner boosted its interim dividend by 24 per cent after a strong half driven by 100.2 million tonnes of iron ore being shipped.
This chart shows WA’s ‘striking’ dependence on iron ore
The fluctuations of the global iron ore market appear to mirror the pulse of population movements to and from Western Australia.
Iron ore giants face billion-dollar hit from China-backed price switch
A new index for the country’s most lucrative export has been lower than the long-time benchmark for the vast majority of days since it was launched this year.
Glencore’s gone. And Rio doesn’t have a growth rabbit under its hat
The collapse of talks between the mining giants means Simon Trott is back to the grind of delivering on his promises for slow and steady growth.
Copper displaces iron ore as BHP’s best earner, supercharging profits
The Big Australian, like its rivals, pivoted towards commodities critical to the energy transition, with production of the red metal to grow 25 per cent by 2035.
This number says BHP is no longer what you thought it was
For years, BHP’s story has been defined by its massive iron ore business. But the rise and rise of copper has changed all that.
BHP’s export of flagship iron product crashes amid stoush with China
An 80 per cent slump in export volumes of a key BHP iron ore product to China occurs as the world’s biggest miner prepares to release results this week.
Finally, the Rio Tinto-Glencore deal is recognised as the joke it is
What would Rio Tinto shareholders have got out of this? The copper assets could never compensate for the cultural cancer it would have brought.
Iron ore at risk if Canberra ‘weaponises’ supply against China
Amid the geopolitical tussle, the Commonwealth Bank has noted a worrying sign that the Asian nation is starting to reduce its reliance on Australian production.
Friedland’s Ivanhoe Atlantic sued by former CEO for unfair dismissal
Mining executive Bronwyn Barnes is seeking damages from the iron ore miner, alleging she was sacked abruptly and unfairly.
