BHP, unions fail to reach Port Hedland wage deal
BHP (LSE, NYSE, ASX: BHP) and unions representing workers at its Port Hedland iron ore operations in Australia have ended wage negotiations without reaching a new agreement, but further talks…
Iron Ore
Sundance Resources awarded $616M after Cameroon’s ‘unlawful’ iron ore project grab
Sundance Resources has won a $616-million (C$870-million) arbitration award after an International Chamber of Commerce tribunal found Cameroon breached its legal obligations over the Mbalam-Nabeba iron ore project. The Perth-based…
BHP’s first port strike in 26 years rattles iron ore supply
Union action at Port Hedland raises fresh concerns over iron ore exports as wage negotiations remain deadlocked.
Altius raises C$182M after royalty buys
Altius Minerals (TSX: ALS; US-OTC: ATUSF) is raising $182 million (US$130 million) through a bought-deal share offering to strengthen its balance sheet following a series of royalty acquisitions. The St….
BHP strike threat fuels iron ore’s best week since May
Iron ore prices are headed for their biggest weekly gain since early May as a looming strike at BHP‘s (NYSE, LSE, ASX: BHP) Port Hedland export terminal raises supply concerns…
Rinehart invests $50M in X-ray tech for ore, cancer
Gina Rinehart, Australia’s richest person, is backing California-based Lumitron Technologies with a $50 million investment to commercialize high-resolution imaging technology used to improve ore processing and cancer detection. The investment…
BHP, Rio test electric trucks to cut iron ore emissions
Industry leaders begin testing electric haul trucks as mining seeks to cut emissions at scale.
Guinea halts raw gold exports, seeks local refining
Guinea has banned the export of raw gold in an effort to raise domestic processing of metals, Africa-focused business news site Ecofin Agency reported Monday. President Mamadi Doumbouya announced the…
Canada offers Italy priority access to critical minerals
Prime Minister Mark Carney has offered Italy priority access to Canada’s critical mineral reserves as the two countries expanded cooperation on supply chains, defence and energy during talks at the…
Rinehart’s $1B SpaceX bet targets mining beyond Earth
Australia’s richest person Gina Rinehart sees potential ties between its critical minerals portfolio and Elon Musk’s space venture as demand grows.
Baffinland gets $110M loan, court-approved extension
Canada’s Baffinland Iron Mines has been given a financial lifeline and additional time to stabilize operations while the struggling private company restructures under creditor protection. The Ontario Superior Court of…
Canada risks losing critical minerals infrastructure race, PwC warns
Canada risks losing its competitive edge in critical minerals, energy and other strategic sectors unless it accelerates infrastructure investment and project approvals, according to a new PwC Canada report. Canada…