IRON ORE – WESTERN AUSTRALIA

Fortescue pursues green tick for new mine

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Original article by Brad Thompson
The Australian – Page: 17 : 18-Feb-26

Fortescue recently submitted an application to develop the Wyloo North iron ore mine to Western Australia’s Environmental Protection Authority. Fortescue estimates that the mine’s carbon emissions will peak at nearly 99,000 tonnes per annum during the two-year construction phase, and up to 53,300 tonnes a year when it is operational. Fortescue’s mining CEO Dino Otranto emphasises that the emissions forecasts are based on the company’s current iron ore mines, and Wyloo North will be designed to operate without the use of fossil fuels. Fortescue has set a net-zero emissions target of 2030 for its mining operations.

CORPORATES
FORTESCUE LIMITED – ASX FMG, WESTERN AUSTRALIA. ENVIRONMENTAL PROTECTION AUTHORITY

Standoff with China buyer is hurting iron ore prices: BHP

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Original article by Brad Thompson
The Australian – Page: 13 & 19 : 21-Jan-26

BHP has advised that its iron ore division achieved an average realised price of $US84.71 per tonne in the December quarter. This is four per cent higher than the same period in 2024, although it represents a large discount to the benchmark price. BHP is continuing to hold talks with state-run iron ore trader China Mineral Resources Group on annual contract terms, and BHP has acknowledged that the long-running dispute has affected the price it receives for the iron ore it ships from the Pilbara. BHP has also advised that the first stage of its Jansen potash project in Canada is now expected to cost $US8.4bn ($12.5bn); this compares with a previous forecast of between $US7bn and $US7.4bn.

CORPORATES
BHP GROUP LIMITED – ASX BHP, CHINA MINERAL RESOURCES GROUP COMPANY LIMITED

Rio Tinto starts work on last crown jewel in Pilbara

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Original article by Tom Rabe
The Australian Financial Review – Page: 15 : 17-Dec-25

Rio Tinto and its partners in the Rhodes Ridge iron project in the Pilbara will spend $US191m ($294m) on a feasibility study, with a view to commencing production in 2030. They will spend a further $US146m on exploration at Rhodes Ridge between 2026 and 2028. Japan-base Mitsui paid $8.4bn for a 40 per cent stake in Rhodes Ridge earlier in 2025; AMB Holdings, the private company of Perth billionaire Angela Bennett, has a 10 per cent stake. Rhodes Ridge has an estimated 6.8 billion tonnes of high-grade ore, and it has the potential for annual production about 100 million tonnes of high-quality iron ore

CORPORATES
RIO TINTO LIMITED – ASX RIO, MITSUI AND COMPANY LIMITED, AMB HOLDINGS PTY LTD

BHP sells stake in power network

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Original article by Brad Thompson
The Australian – Page: 15 & 23 : 10-Dec-25

The Global Infrastructure Partners subsidiary of BlackRock will acquire a minority stake in BHP’s inland power network in the Pilbara. The $US2bn ($3.02bn) deal includes Western Australia Iron Ore’s assets such as the Yarnima gas-fired power station and 400km of transmission and distribution lines that service BHP’s iron ore mines and the company-built mining town of Newman. BHP has a 85 per cent stake in WAIO, whose inland power assets will be transferred to a new entity that will be 51 per cent owned by BHP. The resources group will pay the entity a monthly tariff for using the power network over the next 25 years.

CORPORATES
BHP GROUP LIMITED – ASX BHP, BLACKROCK INCORPORATED, GLOBAL INFRASTRUCTURE PARTNERS

China and Australia in new rare earths and iron ore disputes

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Original article by Tim Treadgold
Forbes – Page: Online : 26-Nov-25

Northern Minerals is concerned that Chinese investors may have failed to comply with a federal government directive to divest shares in the rare earths miner. Its Browns Range project contains heavy rare earths such as dysprosium and terbium, and Northern Minerals is in talks with the US government-owned Export-Import Bank regarding a $US250m loan to help finance further work at the undeveloped project. In separate but potentially related action – given that China is a common link – media reports have suggested that the China Mineral Resources Group has extended a ban on steel mills purchasing certain types of iron ore from BHP. CMRG initially banned BHP’s Jimbelbar fines earlier this year, but this is said to have been expanded to include Jingbao fines.

CORPORATES
NORTHERN MINERALS LIMITED – ASX NTU, CHINA MINERAL RESOURCES GROUP COMPANY LIMITED, BHP GROUP LIMITED – ASX BHP

BHP sees resilient iron ore demand as China slows

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Original article by Mark Wembridge
The Australian Financial Review – Page: 15 : 22-Oct-25

BHP has advised that its Pilbara iron ore production totalled 64 million tonnes in the September quarter, which is one per cent lower than the same period in 2024. The lower output has been attributed to repair work at its Port Hedland infrastructure, but BHP says it is still on track to achieve its full-year production guidance of between 258 million tonnes and 269 million tonnes for 2025-26. BHP expects global demand for iron ore to remain strong, despite expectations of slowing growth in China and the ongoing but yet-to-be confirmed reports that China has banned BHP’s iron ore imports. BHP’s copper production rose by four per cent year-on-year.

CORPORATES
BHP GROUP LIMITED – ASX BHP

US, China trade tensions driving iron ore price surge: Rio Tinto

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Original article by Peter Ker
The Australian Financial Review – Page: 17 : 15-Oct-25

Data from S&P Global Platts shows that the price of iron ore with 62 per cent iron content has risen to its highest level since 21 February; the price of benchmark iron ore has also risen by 18 per cent since 25 June. Rio Tinto says demand for iron ore is holding up despite the trade tensions between the US and China. Rio Tinto shipped 84.3 million tonnes of Pilbara iron ore in the September quarter, putting it back on track to achieve its full-year target of 323 million tonnes following storm disruptions in early 2025; however, Rio Tinto will need to ship 88 million tonnes in the December quarter.

CORPORATES
RIO TINTO LIMITED – ASX RIO, S&P GLOBAL PLATTS

Iron ore told to clean up its act

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Original article by Brad Thompson
The Australian – Page: 13 & 19 : 8-Oct-25

BHP is seeking approval for the second major extension of its Jimblebar iron ore hub since it opened in 1989. However, Western Australia’s Environmental Protection Authority has stated in its assessment of the expansion plans at Jimblebar that BHP and its Pilbara rivals Fortescue and Rio Tinto will find it more difficult to gain approval for future projects if they fail to prove that they can rehabilitate land and waterways after mining has ended. The EPA noted that there is "limited evidence" that big mining companies have successfully rehabilitated any such areas after six decades of mining in the Pilbara.

CORPORATES
BHP GROUP LIMITED – ASX BHP, WESTERN AUSTRALIA. ENVIRONMENTAL PROTECTION AUTHORITY, FORTESCUE LIMITED – ASX FMG, RIO TINTO LIMITED – ASX RIO

Rio, Japanese in Pilbara mine deal

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Original article by Mark Wembridge
The Australian Financial Review – Page: 16 : 8-Oct-25

Rio Tinto has secured state and federal government approvals to develop new iron ore deposits at the West Angelas hub in the Pilbara. Rio Tinto and its Robe River joint venture partners, Mitsui and Nippon Steel, will invest $US733m ($1.1bn) to expand the West Angelas mine, with Rio Tinto to contribute $US389m. The expansion of West Angelas will maintain its annual production capacity of 35 million tonnes. Rio Tinto launched its Western Range iron ore joint venture with China-based Baowu in June, as part of its ongoing commitment to the Pilbara.

CORPORATES
RIO TINTO LIMITED – ASX RIO, MITSUI AND COMPANY LIMITED, NIPPON STEEL AND SUMITOMO METAL CORPORATION, CHINA BAOWU STEEL GROUP CORPORATION LIMITED

BHP stays silent on China’s iron ore ban

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Original article by Brad Thompson
The Australian – Page: 15 : 1-Oct-25

State-run iron ore trader China Mineral Resources Group is said to have imposed a temporary ban on BHP’s shipments of the steel input due to an ongoing dispute over the renewal of long-term supply contracts. The dispute began in mid-September, when CMRG instructed steel mills not to accept delivery of a BHP product known as Jimblebar blend fines or to buy such shipments on the spot market; the ban has now been extended to all BHP iron ore shipments, according to Bloomberg. CMRG was established in 2022 to improve China’s ability to negotiate with iron ore miners, and it now represents more than half of China’s steelmakers in contract discussions. BHP has declined to comment on the import ban.

CORPORATES
BHP GROUP LIMITED – ASX BHP, CHINA MINERAL RESOURCES GROUP COMPANY LIMITED