Australia, a leader in domestic solar and battery adoption, now targets industrial-scale, ultra-low-cost solar through ARENA's 30-30-30 initiative, aiming for 30% efficient panels at 30 cents per watt by 2030 to drive new industries like green hydrogen and critical minerals processing.
India's Core Industries Index (ICI) grew 5% year-on-year in June 2026, driven by a 43.9% surge in iron ore production, alongside strong growth in cement and electricity. This marks the first release under a revised 2022-23 base year, now including nine core industries.
Fortescue is being sued in a class action lawsuit over allegations of systemic sexual harassment, violence, and retaliation at its remote work sites. The lawsuit, filed in federal court, details incidents including assault and harassment, with lawyers stating it highlights a cultural problem in the mining sector.
Guinea is prioritizing iron ore exports to China for 'green steel' production, diverting bauxite vessels due to higher prices and upcoming seasonal rains. This move aids China's diversification from Australian and Brazilian ore, impacting major operators like Baowu Winning Consortium Simandou.
Protesters will target Hyundai at a World Cup rally in Guadalajara, criticizing its business ties with mining company Ternium, accused of environmental damage and links to activist disappearances. The rally coincides with a Mexico-South Korea game.
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 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,...
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.
