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65 news items from Australia. Show all
BlueScope's net profit for the six months ending December 31, 2024, saw a sharp decline, according to its financial results. The company reported a net profit after tax of AUD 179.1 mln (USD 113.7 mln) for H1 FY25, down…
Future Forgeworks, a Brisbane-based steel manufacturer, has commissioned SMS group to supply Australia's first Continuous Mill Technology (CMT 350) mill for its Swanbank Green Steel Mill Project. The facility will…
Australian miner Fortescue announced a 1pct YoY increase in iron ore shipments for the December quarter, reaching a total of 49.4 mln tons. This contributed to a record 97.1 mln tons in total shipments for H1 FY25…
BHP Group reported a slight increase in iron ore production for Q2 FY25, ending 31 December 2024. The company produced 73.1 mln tons, up 1pct YoY and 2pct compared to the previous month. For H1 FY25, production rose…
Rio Tinto has reported a slight decline in its fourth-quarter and full-year iron ore shipments from the Pilbara region. The miner exported 85.7 mln tons of iron ore in Q4 2024, down 1pct YoY. Total annual shipments…
Australia's Fortescue has partnered with a wholly-owned subsidiary of China Baowu Steel Group, the world's largest steelmaker, to tackle the challenges of decarbonizing the global steel industry. Fortescue, the…
BlueScope, BHP, and Rio Tinto have selected the Kwinana Industrial Area, south of Perth, to host Australia's largest electric smelting furnace (ESF) pilot plant. This groundbreaking project aims to test technology that…
BHP and HBIS Group have signed a new Memorandum of Understanding (MOU) to strengthen their strategic collaboration on decarbonizing the steel value chain. This builds on successful initiatives since their 2021…
CSIRO, Australia's national science agency, has successfully trialed its innovative hydrogen production technology at BlueScope's Port Kembla Steelworks in New South Wales, proving that affordable, renewable hydrogen…
Peabody has agreed to acquire steelmaking coal assets from Anglo American plc, accelerating its strategy to shift its global coal portfolio toward seaborne metallurgical coal. The transaction, valued at USD 2.32 bln in…
Australia has launched an antidumping investigation into imports of hot-rolled steel (coils/sheets) from China, according to a notice from the Australian Anti-Dumping Commission. The investigation, requested by…
Greensteel Australia has partnered with Danieli to establish a 600,000-ton-per-year rolling mill powered entirely by green hydrogen in New South Wales. This groundbreaking facility aims to set a global benchmark for…
Australian steel producer BlueScope Steel, through its subsidiary BlueScopeX Pty Ltd, has signed a memorandum of understanding (MoU) with Helios Project Ltd., the developer of the Helios Cycle, a novel process that uses…
Whitehaven Coal has announced separate binding agreements to sell a 20pct stake in the Blackwater coal mine to Nippon Steel Corporation and a 10pct stake to JFE Steel Corporation for a total of USD 1.08 bln. The deals…
Fortescue has commenced work on its Green Metal Project in the Pilbara region of Western Australia, advancing its goal to create a green metal supply chain, the iron ore miner said in a press release. Located at the…
Australian iron ore miner Rio Tinto and Chinese mining equipment giant XCMG have signed a global cooperation framework agreement in Conakry, Guinea's capital. Simultaneously, XCMG and SimFer Company, a joint venture…
Sims Limited has announced a binding agreement to sell its UK metal business to Unimetals Group Limited for approximately USD 249 mln in after-tax cash proceeds, including retained working capital. The final amount will…
The Australian Steel Institute (ASI) is urging state and federal government support for local steel fabricators and manufacturers as they face severe impacts from a surge in cheap imports. A July 2024 ASI survey…
Australian miner Rio Tinto reported a 2pct YoY decrease in iron ore output for Q2 2024, producing 79.5 mln tons. The company also saw a 2pct decline in iron ore production for the first half of 2024. Despite…
Fortescue and Liebherr Mining have announced a partnership to jointly develop and validate a fully integrated Autonomous Haulage Solution (AHS), aiming to be the first to operate zero-emissions vehicles globally. Zero…
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