Despite volatility in global commodity prices and increasing demand in China, BHP’s profits remained the same as last year.
Companies must mine more sustainably, says Teck Resources CEO Jonathan Price. Only then will they reap the full benefits of critical mineral demand from the energy transition.
The company has informed the authorities and an investigation is under way.
Despite efforts to reduce coal usage and increase renewable power, old habits seem to die hard as coal continues to play a key role in Australia’s energy mix.
India has opened up its lithium resources to exploration in a bid to strengthen its position in the battery supply chain, but significant challenges remain.
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Container shipping company Hapag-Lloyd has reported falling transport volumes and operating losses due to Red Sea attacks.
A study by India’s fair trade regulator highlighted concerns around varied iron ore pricing and exports.
The Albanese government joined the pledge to triple global renewable energy at COP28, but the Coalition hopes to triple nuclear energy instead if elected.
While Africa makes billions from Chinese investment in its mineral-rich countries, exploitation and illegal mining activities have become part of the deal.
Australia’s “same job, same pay” bill has raised concerns for mining companies like BHP that the bill would increase costs and reduce Australia’s investment opportunities.