Region Pilbara Financial News

06.11 / 18:09

BLOCK Matthews PayDay Albemarle show reports MinRes fails to stop Wildcat director’s $28.8m lithium windfall

Wildcat Resources shareholders have signed off on a $28.8 million windfall for director Alex Hewlett after he made the connection that ultimately led to Chris Ellison’s Mineral Resources emerging as a major backer.

03.11 / 06:19

Provident Death reports Rio, Rinehart discussed risk of third-party claim to mine venture

Senior Rio Tinto executives and Gina Rinehart discussed the risk that their lucrative iron ore joint venture may attract a royalty claim from another Perth mining dynasty in 2005, a court has heard.

02.11 / 06:57

Provident Career Fighting Assurant reports Revealed: Deal protecting Rio if Rinehart loses heavyweight court bout

Rio Tinto negotiated a liability agreement likely to cap its payout exposure if Gina Rinehart loses a multibillion-dollar legal battle with another of Australia’s richest women.

29.10 / 05:11

Manufacturing Racing economy Forrester track innovations reports The world’s iron ore powerhouse is preparing to reinvent itself

iron ore, ready to be poured into a procession of bulk carriers bound for Asia’s steel mills. Rio Tinto Group, the world’s largest iron ore producer, shipped its first cargo of the steelmaking ingredient from this spot in 1966, at the dawn of a boom that minted billionaires and lifted the Australian economy, generating A$1.3 trillion ($820 billion) in earnings in the past two decades alone. Last year, iron ore shipments accounted for about 5% of the country’s gross domestic product. But now China is cooling, while steel producers are under pressure to clean up a sector that accounts for at least 7% of global greenhouse gas emissions, a change that will require new methods and higher-quality raw materials.

22.09 / 16:59

Provident Platform Action Chevron Enterprise Shell recommendations end Labor unions say they will end strike actions at Chevron's three LNG plants in Australia

Labor unions say they will end disruptive strike actions at Chevron Corp.'s liquefied natural gas plants in Australia that provide more than 5% of global LNG supplies

19.09 / 11:27

COST UPS Action Chevron social Australian Chevron says Australian LNG plant is back to full production after 3 days at 80% output

The Chevron Corp. says a liquefied natural gas plant in Australia has resumed full production after a fault cut output by one-fifth for three days

28.08 / 19:17

UPS BLOCK CEO Merit Forrester Solomonic Returns exits Forrest flags lower returns for green projects as mining boss exits

Fortescue Metals executive chairman Andrew Forrest says he will accept the first generation of clean energy projects having lower rates of return than alternative growth options in the iron ore division, as mining boss Fiona Hick added to the extraordinary turnover of executives at the company.

23.08 / 02:15

UPS Enterprise APA APA raising $750m at $8.50 a share to buy Alinta’s Pilbara assets

Listed gas pipelines owner APA Group has clinched a deal to buy Alinta’s remote power assets in WA’s Pilbara region for about $1.8 billion, and will ask investors for $750 million to bankroll the acquisition at its results today.

22.08 / 19:35

UPS Booking Strategy APA Power APA Group readies Pilbara power buy, results day raising

Gas pipelines owner APA Group is set to make its biggest investment in electricity generation and battery storage assets, advancing its transformation into a broader Australian energy infrastructure group.

21.08 / 09:41

COST Citi Provident Forrester Fortescue’s $3.1b mine surprise comes sooner than Forrest predicted

Fortescue will start building its $US2 billion ($3.1 billion) Australian iron ore mine and rail project within three years, according to regulatory filings that contradict chairman Andrew Forrest’s suggestion in February that the mine had been deferred until the 2030s.

17.07 / 01:11

UPS Provident Target Solomonic RIO Deal Traditional owners at war with Fortescue sign big green energy deal

Traditional owners embroiled in a high-stakes legal battle with Andrew Forrest’s Fortescue Metals Group have signed a deal to develop one of Australia’s biggest renewables projects in partnership with Philippines-listed ACEN.

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