Iron ore royalties are on track to more than double WA’s operating surplus — placing a record-shattering $7 billion windfall in reach for Rita Saffioti in her first major Budget update as Treasurer.
Read moreWatch the National Mining Day 2023 video.
Read moreLabor’s industrial relations deal with resource sector employers has split the mining industry, with Gina Rinehart’s Hancock Prospecting opposing the agreement and the Minerals Council of Australia accusing a rival employer body of being a “soft target”. As the Senate crossbench renewed its bid to split the bill this year, employer groups representing big and small business criticised the Australian Resources and Energy Employer Association over the deal to exclude ¬service contractors from the industrial relations bill. Hancock Prospecting’s Roy Hill mining operation, which is a member of both AREEA and the Minerals Council of Australia, wrote to AREEA chief executive Steve Knott on Wednesday to express concern about the deal.
Read moreAustralia’s richest person Gina Rinehart has called on the mining sector to push its own workers and advocates into parliament, so they can tear up environmental regulation she warns is jeopardising the industry’s ability to maintain its current levels of production.
In a speech to mining executives and Liberal leader Peter Dutton at her Roy Hill mine on Wednesday, Mrs Rinehart took aim at Prime Minister Anthony Albanese for taking overseas trips to spruik trade while his government was handcuffing local industry.
Rio Tinto has finally signed off on a key development agreement with the Guinean government over the port and rail infrastructure needed to get the giant Simandou iron ore mine in Guinea, West Africa, into production. Rio late on Friday said it had signed off on the joint venture arrangements with the Guinean government and the China-backed Winning consortium on a “co-development convention”. The agreement clears the way for an acceleration in the development of Simandou, long lauded as the biggest undeveloped iron ore project in the world.
Read moreRio Tinto and its joint venture partners have reached a key infrastructure milestone with the Republic of Guinea towards the full sanctioning of the Simandou iron ore deposit in the West African country. The mining giant said the parties had reached agreements on trans-Guinean infrastructure for the massive project, creating legal framework for the co-development of more than 600km of new rail line. The rail will be used to export the steel-making ingredient from the Simandou mining concessions in the southeast of the country.
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