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The Latest Breaking News from Fortescue

China's scrap steel fails to decimate iron ore price for now

China's tidal wave of steel scrap has failed to decimate the price of iron ore, which is good news for Australia's mining companies. According to Morgan St...

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Aust shares near record high on second-last trading day

The local bourse has finished the day up 0.7 per cent, in need of just a 0.25 per cent gain on Friday to set a new record high.

AAP

Australian shares hit highest level in 20 months

The ASX200 has finished up 0.8 per cent and is closing in on its all-time high reached in August 2021.

AAP

Mining giant charges dropped over harassment documents

Fortescue Metal Group will spend $1.4 million combating sexual harassment in the mining industry after a workplace safety regulator dropped charges against it.

AAP

Mining firm digs Australia's first electric excavator

An Australian mine has deployed the nation's first electric-powered excavator, created as part of a plan to decarbonise mining operations.

AAP

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Australian shares continue streak as US inflation eases

The local share market rose 0.3 per cent, with Fortescue and Rio Tinto hitting new highs while a drop in oil prices pressured producers.

AAP

Mining billionaire Andrew Forrest in scathing attack on oil and gas industry

Australian magnate-turned-green-evangelist says companies that don’t stop burning fossil fuels will have ‘blood on their hands’

The Guardian - AU

Afternoon Update: Hamas says truce is close; man charged with raping 90-year-old woman; and essential workers in rental stress

Qatar is leading negotiations between Hamas and Israel, while the war in the Gaza strip continues

The Guardian - AU

Rio, BHP warned of investor pressure on steel emissions

Australia's largest diversified miners are being urged to come clean on the greenhouse gas emissions pumped into the atmosphere by the world's steelmakers.

AAP

Reports show new Indonesian industrial park on Borneo, feted as 'green,'' will be powered by coal

An industrial park being built in Indonesia on the tropical island of Borneo that has attracted billions of dollars in foreign and domestic investment is damaging the environment in an area where endangered species live and migrate

The Independent UK

Afternoon Update: rental price pain worse than GFC; calls for Qantas fines; and India employs people to make monkey sounds

Households are spending 55% more on housing than they were in June 2005

The Guardian - AU

Atagi recommends additional Covid vaccine booster for people over 75 – as it happened

Health minister’s office confirms government has accepted expert body’s advice

The Guardian - AU

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The Guardian - AU

Fortescue’s CFO Christine Morris departs days after chief executive walks

Majority of executive team has left or shifted roles since 2021 with Morris’s resignation the 11th major change in less than three years

StockNews.com

2 Miner Stocks to Buy ASAP, 1 to Sell

Given the positive government initiatives and the swift expansion of the critical minerals market, the mining industry is anticipated to prosper in the foreseeable future. Given this backdrop, quality mining stocks Fortescue Metals Group (FSUGY) and Amerigo Resources (ARREF) could be solid portfolio additions now. However, beaten-down stock Lithium Americas…

The Guardian - AU

Iron ore giant Fortescue Metals targeted by Russian ransomware group

Australian mining company confirms hack occurred on 28 May but data disclosed ‘was not confidential in nature’

AAP

Twiggy investigated after anonymous letter to Fortescue

After an anonymous complaint, Fortescue Metals hired a law firm to investigate executive chairman Andrew Forrest, who was cleared of wrongdoing.

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Newsroom.co.nz

Public investment to make NZ a 'first mover' in synthetic jet fuel

The Government is chipping in an initial $575,000 to investigate if the decommissioned Marsden Point refinery can be used to make green hydrogen for synthetic jet fuel – but the energy-intensive process would have to give back to NZ's electricity grid. Jonathan Milne reports.

StockNews.com

Unearth These 3 Miner Stocks in July

As we move towards renewable energy and more people opt for EVs, the mining industry is expected to thrive with the robust demand for critical minerals. With that in mind, I have evaluated quality miner stocks, Fortescue Metals Group Limited (FSUGY), Impala Platinum Holdings Limited (IMPUY), and Amerigo Resources Ltd.…

StockNews.com

Are These 3 Mining Stocks Winners?

As geopolitical tensions rise, the global demand for commodities, such as metals and minerals, remains robust. Therefore, would it be wise to invest in miners’ stocks Glencore plc (GLNCY), Fortescue Metals Group (FSUGY), and Amerigo Resources (ARREF)? Let’s find out….

ABC News

'Slap on wrist' for Rio Tinto and Fortescue after breaching environmental regulations in WA

Big mining companies Rio Tinto and Fortescue are revealed in Western Australia's parliament as those noted in a recent auditor-general report for breaching environmental regulations, with a lack of penalties or enforcement by government departments.

ABC News

Australian hydrogen in demand as South Korean manufacturers look to reach renewable energy target by 2050

As South Korea edges closer to being solely powered by renewables come 2050, the manufacturing industries of Australia's third-largest trading partner believe hydrogen gas is the answer to help reach its target.

The Canberra Times

Australia risks losing billions to 'global vacuum' of talent: Twiggy

Andrew 'Twiggy' Forrest has asked for an even playing field to avoid talent being sucked overseas.

ABC News

Andrew Forrest's Fortescue Metals Group set to buy Australia's biggest sheep station at Rawlinna, WA

Andrew Forrest's Fortescue Metals Group is set to acquire Australia's biggest sheep station, the million-hectare Rawlinna Station on the Nullarbor.

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