Two remote Western Australian islands, Koolan and Cockatoo, have been sold for multi-million dollars to be transformed into transport logistics hubs. Koolan Island, previously an iron ore mine, will become a sea and air hub for offshore industries, while Cockatoo Island will also be developed into a multi-user hub.
Vedanta Iron And Steel Ltd (VISL) has reduced, avoided, or sequestered nearly 2.5 million tonnes of carbon emissions over five years through sustainability initiatives. These include electric vehicles, sustainable logistics, waste heat recovery power, and extensive tree plantation drives.
Japanese lawmaker Mitsuhiro Yokota voiced concerns in parliament about potential future exploitation of Antarctica's vast mineral and energy resources, specifically mentioning China's interest and its resource acquisition ambitions.
Leaked documents reveal BHP's WA iron ore operations will cut emissions by only 1% by 2030, raising internal doubts about meeting its 2050 net-zero pledge. Delays in renewable energy and electric trucks, coupled with reliance on the diesel fuel rebate, are cited as key issues.
Leaked documents reveal BHP's WA iron ore operations may only cut emissions by 1% by 2030, casting doubt on its 2050 net-zero pledge. Delays in renewable energy and electric trucks, coupled with reliance on the diesel fuel rebate, are cited as key issues.
Leaked documents reveal BHP has delayed or halted major climate investments in its Western Australian iron ore operations, pushing them into the next two decades. The company is aware of reputational risks and the impact on its 'licence to operate' but has slashed spending and shelved key renewable projects.
BHP quietly shelved plans for an iron ore beneficiation plant in Western Australia, despite it being rated highly for social value and alignment with its climate goals. The project would have drastically cut customer emissions but was deemed to have marginal economics.
Australia’s mining giants are aiding China’s push to internationalise its currency and reduce the dominance of the US dollar, as they gradually shift towards using the yuan for financing and settlements, analysts said. China has been using its heft as the world’s dominant iron ore buyer to push global mining companies to adopt the yuan. And several firms are already making the switch, with China’s relatively low interest rates becoming an added incentive. BHP, the world’s largest mining company,...
Geraldton residents say dust from expanding iron ore operations is blanketing homes, boats and businesses, fuelling fears the coastal city could turn into "the next Port Hedland".
BHP has concluded iron ore sales contract negotiations with China Mineral Resources Group (CMRG) using yuan-linked pricing for Jimblebar fines, marking the first time China's market trading data is incorporated into the iron ore pricing formula. The agreement represents a paradigm shift in pricing benchmarks and strengthens China's pricing influence in the global iron ore market.
