Iron ore

Displaying all articles

Treasurer Joe Hockey has announced that the government will not pursue an inquiry into iron ore prices. AAP/Tracey Nearmy

Iron ore inquiry off but row continues

The government has given into the pressure from the big miners and formally abandoned the idea of a parliamentary inquiry into the iron ore sector.
Prime Minister Tony Abbott is in a nasty squeeze, with Andrew Forrest, founder of Fortescue Metals Group, and some of the other smaller miners on one side, and the big producers, BHP Billiton and Rio Tinto, on the other. AAP/Dan Himbrechts

War between miners catches government in the crossfire

Tony Abbott has got into a terrible tangle over whether there should be an inquiry into iron ore prices.
Prime Minister Tony Abbott says an inquiry into iron ore competition “could make sense”. Alan Porritt/AAP

Competition the wrong test for iron ore inquiry

While it's easy for the large miners to argue increased iron ore production is business as usual, the overall cost to the sector warrants a closer inspection.
Mining magnate Andrew Forrest might be be down $2 billion, but the decline in commodity prices is just one of many factors hurting Tony Abbott’s budget bottom line. Nikki Short/AAP

Productivity could trump the iron ore price, but who’s counting?

In the wake of a falling iron ore price that has cut his personal fortune by more than A$2 billion, Andrew Forrest has remained unperturbed, saying: “I didn’t count on the way up, and I’m not counting…
Rio Tinto’s West Angelas mine, a joint venture with Japanese interests, is facing a new record low iron ore price. Alan Porritt/AAP

Iron ore race to the bottom not in the interests of Australians

The world’s biggest iron ore producer, Vale, has announced its intention to expand production despite a falling price. This follows similar announcements by Rio Tinto and BHP. This expansion in production…
Clive Palmer’s relationship with Chinese investors has seen better days. David Barbeler/AAP

Digging beneath China’s interest in Australian iron ore projects

The Australian iron ore industry is no place for the faint hearted. On April 11, Padbury Mining spectacularly announced billions in funding (reportedly backed by Chinese investors) to develop the Oakajee…
Steel: red hot and dirty. John Giles/PA

Using iron to clean steelmaking, a very dirty business

Iron and steel are components of an almost limitless number of infrastructure and consumer goods. From forks to tanks, syringes to satellites, cars to computers, from buildings to the power stations that…
Chinese investment in smaller iron-ore suppliers in Western Australia not only presents challenges for the market power of the Big 3 mining companies, but also for the viability of iron ore projects in Australia. AAP

How China drives the Australian iron ore boom (and bust)

With several major mining projects being put on ice this week, talk has quickly turned to whether the Australian mining boom is about to go bust. Jumping on comments by the Resources Minister that “the…
Despite strong export data, Australia’s trade relationship with China isn’t as developed as we think. AAP

Why Australia’s trade relationship with China remains at ground level

AUSTRALIA IN ASIA: In the seventh part of our series, James Laurenceson looks at the challenges in doing business with China. The headline numbers surrounding Australia’s exports to China make for impressive…
Iron ore is now Australia’s biggest export. AFP/CHRISTIAN SPROGOE RIO TINTO

The Boom: Iron ore and Australia

Australia’s economic future lies underneath our feet. The island continent is blessed with a variety of natural resources but none as plentiful or important as iron ore. Iron is a common element in soils…

Top contributors

More