Australia News — GMK Center https://gmk.center/en/tag/australia/ This is an informational-analytical, discussion platform Wed, 10 Jun 2026 09:03:10 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://gmk.center/wp-content/uploads/2018/11/android-chrome-256x256-36x36.png Australia News — GMK Center https://gmk.center/en/tag/australia/ 32 32 <![CDATA[Australia increased exports of coking coal by 6% m/m in May]]> https://gmk.center/en/news/australia-increased-exports-of-coking-coal-by-6-m-m-in-may/ Wed, 10 Jun 2026 09:02:45 +0000 https://gmk.center/?post_type=news&p=124723 Exports of coking coal from Australia in May 2026 rose by 6% compared with April, reaching 13.2 million tonnes; year-on-year growth stood at 20%. For the period January–May, exports rose by 4% year-on-year – to 59.1 million tonnes. This is reported by BigMint. The growth in May was driven by increased purchases from Asian countries, […]

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]]> <![CDATA[Global prices for coking coal rose at the end of May]]> https://gmk.center/en/news/global-prices-for-coking-coal-rose-at-the-end-of-may/ Sat, 06 Jun 2026 07:05:10 +0000 https://gmk.center/?post_type=news&p=124572 Global coking coal prices rose at the end of May: market trends were altered by a fatal accident at a mine in China’s Shanxi province. According to Kallanish, the price of high-quality coking coal FOB Australia stood at $239.4/t as of 29 May 2026, compared to $236.7/t a week earlier (22 May). Spot prices for […]

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]]> <![CDATA[South Australia will provide additional funding for the Whyalla Steelworks]]> https://gmk.center/en/news/south-australia-will-provide-additional-funding-for-the-whyalla-steelworks/ Sat, 06 Jun 2026 06:28:45 +0000 https://gmk.center/?post_type=news&p=124571 The South Australian state government will provide an additional A$319 million ($228.5 million) in funding over the next two years to support the sale and operation of the Whyalla steelworks, according to Argus Media. This support is included in the state budget for 2026/2027. The steelworks has been under external administration since February 2025. Since […]

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]]> <![CDATA[Australia saw a 5.6% y/y increase in iron ore exports]]> https://gmk.center/en/news/australia-saw-a-5-6-y-y-increase-in-iron-ore-exports/ Fri, 05 Jun 2026 12:55:37 +0000 https://gmk.center/?post_type=news&p=124564 In May 2026, Australia increased its exports of iron ore and pellets by 5.6% year-on-year – to 81 million tonnes. This is according to BigMint data on vessel cargoes. Compared to April, the figure rose by 6%. China remained the main importer of Australian iron ore – shipments to this country totalled 67.4 million tonnes […]

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]]> <![CDATA[Anglo American is exiting the coking coal mining business in Australia]]> https://gmk.center/en/news/anglo-american-is-exiting-the-coking-coal-mining-business-in-australia/ Mon, 25 May 2026 07:10:51 +0000 https://gmk.center/?post_type=news&p=123994 British mining company Anglo American is selling its Australian coking coal mining business to private mining group Dhilmar Limited for $3.88 billion, according to SteelOrbis. In doing so, the company has taken another step toward restructuring its portfolio ahead of its planned merger with Teck Resources. The deal, which marks Anglo American’s complete exit from […]

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]]> <![CDATA[Global prices for coking coal rose in mid-May]]> https://gmk.center/en/news/global-prices-for-coking-coal-rose-in-mid-may/ Wed, 20 May 2026 13:10:34 +0000 https://gmk.center/?post_type=news&p=123888 Global coking coal prices rose in mid-May. According to Kallanish, the price of high-quality coking coal FOB Australia stood at $240.2/t as of May 15, 2026, up slightly from the previous week ($238.9/t on May 8). Spot prices for coking coal in China (EXW, Anze) on the same date stood at $238.8/t, compared to $233.8/t […]

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]]> <![CDATA[Australia increased exports of coking coal by 20% y/y in April]]> https://gmk.center/en/news/australia-increased-exports-of-coking-coal-by-20-y-y-in-april/ Thu, 07 May 2026 07:36:13 +0000 https://gmk.center/?post_type=news&p=123368 In April 2026, Australia increased its coking coal exports by 11% compared to the previous month, reaching 12.5 million tons. On a year-on-year basis, the increase was 20%. This is according to data from BigMint. Coking coal exports from Australia are likely to remain stable thanks to uninterrupted shipments. Southeast Asia and South Korea may […]

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]]> <![CDATA[Australia increased iron ore exports by 9.5% y/y in April]]> https://gmk.center/en/news/australia-increased-iron-ore-exports-by-9-5-y-y-in-april/ Wed, 06 May 2026 09:01:48 +0000 https://gmk.center/?post_type=news&p=123327 Iron ore exports from Australia rose by 5% in April compared to March, reaching 76.4 million tons. On a year-on-year basis, shipments increased by 9.5%. This was reported by BigMint. The key importers of Australian raw materials were China (61.8 million tons), Japan (5.6 million tons), and South Korea (4.7 million tons). The leading exporters […]

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]]> <![CDATA[Global prices for coking coal remain stable at the end of April]]> https://gmk.center/en/news/global-prices-for-coking-coal-remain-stable-at-the-end-of-april/ Wed, 29 Apr 2026 12:13:15 +0000 https://gmk.center/?post_type=news&p=123105 Global coking coal prices fluctuated slightly in the second half of April, while trading activity on the Chinese market increased in the run-up to the holidays. According to Kallanish, the price of high-quality coking coal FOB Australia as of April 24, 2026, stood at $237.6/t, showing little change compared to the previous week (April 17). […]

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]]> <![CDATA[Global prices for coking coal fluctuated slightly in the first half of April]]> https://gmk.center/en/news/global-prices-for-coking-coal-fluctuated-slightly-in-the-first-half-of-april/ Wed, 15 Apr 2026 14:23:18 +0000 https://gmk.center/?post_type=news&p=122618 In the first half of April, the Asian coking coal market continued to react to the conflict in the Middle East. In China, prices are under pressure from increased production at local mines, while in India, they are being weighed down by high buyer inventories. According to Kallanish, the price of high-quality coking coal FOB […]

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]]> <![CDATA[Australia’s coking coal exports fell by 2% y/y in Q1]]> https://gmk.center/en/news/australia-s-coking-coal-exports-fell-by-2-y-y-in-q1/ Fri, 10 Apr 2026 09:33:21 +0000 https://gmk.center/?post_type=news&p=122493 In January–March 2026, Australia reduced its coking coal exports by 2% year-on-year – to approximately 33.38 million tons, according to data from BigMint. In March, the figure rose by 3.6% compared to the previous month—to 11.28 million tons—largely supported by improved port operations and the easing of earlier weather and logistical disruptions that had a […]

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]]> <![CDATA[Western Australia has approved POSCO’s plan to build an HBI plant]]> https://gmk.center/en/news/western-australia-has-approved-posco-s-plan-to-build-an-hbi-plant/ Thu, 09 Apr 2026 10:42:03 +0000 https://gmk.center/?post_type=news&p=122440 The Western Australian state government has approved a proposal by South Korean firm POSCO Holdings to build a plant for the production of low-carbon hot-briquetted iron (HBI) at the Port Hedland export hub, Bloomberg reports. The project is valued at 4.3 billion Australian dollars ($3 billion) and, once completed, will have an annual production capacity […]

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]]> <![CDATA[Australia increased its exports of iron ore by 14% m/m in March]]> https://gmk.center/en/news/australia-increased-its-exports-of-iron-ore-by-14-mm-in-march/ Wed, 08 Apr 2026 07:51:36 +0000 https://gmk.center/?post_type=news&p=122371 In March 2026, Australia increased its exports of iron ore and pellets by 14% month-over-month, reaching 73 million tons. This is evidenced by vessel manifest data compiled by BigMint. Compared to March 2025, these shipment volumes decreased by 4%. The main importer of Australian iron ore during the period was China (60.4 million tons), followed […]

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]]> <![CDATA[Global prices for coking coal fell in early March]]> https://gmk.center/en/news/global-prices-for-coking-coal-fell-in-early-march/ Sun, 15 Mar 2026 07:22:23 +0000 https://gmk.center/?post_type=news&p=121374 Despite mounting tensions over energy prices, the global coking coal market remained generally stable in early March. According to Kallanish, the price of high-quality coking coal FOB Australia stood at $218.4/t as of March 6, 2026, having fallen by 14.6% over the month (compared to February 6). Compared to the previous week (February 27), it […]

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]]> <![CDATA[BlueScope rejects new $11 billion takeover bid]]> https://gmk.center/en/news/bluescope-rejects-new-11-billion-takeover-bid/ Thu, 26 Feb 2026 12:25:13 +0000 https://gmk.center/?post_type=news&p=120709 Australia’s BlueScope Steel has rejected a revised $11 billion takeover bid from SGH and Steel Dynamics, but remains open to better terms, Bloomberg reports. BlueScope said in a statement that bidders need to increase the value to shareholders if negotiations are to be taken seriously. The revised offer does not adequately address the company’s valuation […]

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]]> <![CDATA[Australia watches companies negotiate with China over iron ore]]> https://gmk.center/en/news/australia-watches-companies-negotiate-with-china-over-iron-ore/ Tue, 24 Feb 2026 13:10:06 +0000 https://gmk.center/?post_type=news&p=120567 Australia is closely monitoring negotiations between major iron ore producers and Chinese state-owned buyer China Minerals Resources Group (CMRG) due to the potential impact of lower prices for this raw material on the federal budget. This was stated by the country’s Minister of Natural Resources, Madeleine King, according to Reuters. «Iron ore is the backbone […]

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]]> <![CDATA[The growth of global prices for coking coal slowed down in February]]> https://gmk.center/en/news/the-growth-of-global-prices-for-coking-coal-slowed-down-in-february/ Thu, 19 Feb 2026 06:06:01 +0000 https://gmk.center/?post_type=news&p=120311 The growth of Asian coking coal prices slowed in February amid stabilizing supplies from Australia and the holiday season in China. According to Kallanish, the price of high-quality coking coal FOB Australia as of February 13, 2026, was $252.8/t, which is 13.1% more than at the beginning of January (January 2), but 1.2% less than […]

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]]> <![CDATA[BlueScope considers new takeover bid from Steel Dynamics and SGH]]> https://gmk.center/en/news/bluescope-considers-new-takeover-bid-from-steel-dynamics-and-sgh/ Wed, 18 Feb 2026 09:01:11 +0000 https://gmk.center/?post_type=news&p=120254 Australian steel producer BlueScope Steel is considering a new takeover bid from SGH and Steel Dynamics worth $11 billion, according to Bloomberg. American steel company Steel Dynamics and Australian conglomerate SGH have announced a «best and final» offer, raising their bid to 32.35 Australian dollars per share (for a total value of 15 billion Australian […]

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]]> <![CDATA[Australia should consider introducing CBAM for certain goods – overview]]> https://gmk.center/en/news/australia-should-consider-introducing-cbam-for-certain-goods-overview/ Mon, 16 Feb 2026 13:46:29 +0000 https://gmk.center/?post_type=news&p=120159 Australia should consider introducing a cross-border carbon adjustment mechanism (CBAM), starting with imports of cement and clinker and potentially extending it to hydrogen, steel, ammonia, and its derivatives. This is stated in the Carbon Leakage Review published by the Australian government on February 13. As noted, the current safeguard mechanism (SGM) provides Australian manufacturers with […]

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]]> <![CDATA[Australia increased exports of raw materials by 19.8% y/y in January]]> https://gmk.center/en/news/australia-increased-exports-of-raw-materials-by-19-8-y-y-in-january/ Wed, 04 Feb 2026 13:50:04 +0000 https://gmk.center/?post_type=news&p=119624 In January 2026, Australia increased its exports of iron ore and pellets by 19.8% year-on-year to 76.6 million tons. This is evidenced by data on ship composition collected by BigMint. At the same time, compared to December 2025, this figure decreased by 11.4%. China remained the main importer, accounting for 64.6 million tons of Australia’s […]

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]]> <![CDATA[BHP produced a record 146.6 million tonnes of iron ore in the second half of the year]]> https://gmk.center/en/news/bhp-produced-a-record-146-6-million-tonnes-of-iron-ore-in-the-second-half-of-the-year/ Tue, 20 Jan 2026 09:25:05 +0000 https://gmk.center/?post_type=news&p=118912 Australian mining company BHP Group reported record iron ore production for the second half of 2025 (first half of the 2025/2026 financial year), while also reporting pressure on prices due to negotiations with China on contracts for 2026. This is stated in the company’s operating report. In the second half of the year, BHP produced […]

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]]> <![CDATA[M Resources to collaborate with Hazer Group on potential acquisition of Whyalla plant]]> https://gmk.center/en/news/m-resources-to-collaborate-with-hazer-group-on-potential-acquisition-of-whyalla-plant/ Fri, 26 Dec 2025 09:28:09 +0000 https://gmk.center/?post_type=news&p=118362 Australian mining company M Resources has signed a memorandum of understanding (MoU) with clean technology developer Hazer Group Limited to jointly pursue a potential bid for the Whyalla steelworks, SteelOrbis reports. Under the agreement, the parties will work together to include Hazer’s methane pyrolysis technology in the proposed bid. They will position this proposal as […]

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]]> <![CDATA[MinRes has commenced implementation of the Lamb Creek iron ore project]]> https://gmk.center/en/news/minres-has-commenced-implementation-of-the-lamb-creek-iron-ore-project/ Mon, 15 Dec 2025 08:24:51 +0000 https://gmk.center/?post_type=news&p=117600 Australia’s Mineral Resources (MinRes) began implementing its Lamb Creek iron ore mining project in December this year, according to Mining Magazine. The project aims to extend the life of the company’s Pilbara Hub by more than five years. After receiving regulatory approvals, MinRes plans to extract the first ore by the fourth quarter of the […]

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]]> <![CDATA[BHP and Rio Tinto have begun testing Caterpillar electric dump trucks in Pilbara]]> https://gmk.center/en/news/bhp-and-rio-tinto-have-begun-testing-caterpillar-electric-dump-trucks-in-pilbara/ Tue, 09 Dec 2025 11:26:02 +0000 https://gmk.center/?post_type=news&p=117322 Australia’s first Cat 793 XE Early Learner battery-powered electric mining trucks have arrived at the Jimblebar iron ore mine in the Pilbara region (Western Australia), marking the start of large-scale trials of zero-emission heavy mining equipment. This was reported in a press release by BHP. The project is being implemented in a unique industry collaboration […]

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]]> <![CDATA[Global iron ore supply in 2026 will amount to 2.68 billion tons – Mysteel]]> https://gmk.center/en/news/global-iron-ore-supply-in-2026-will-amount-to-2-68-billion-tons-mysteel/ Wed, 26 Nov 2025 14:53:08 +0000 https://gmk.center/?post_type=news&p=116690 Global iron ore supply could reach a record 2.68 billion tons in 2026, according to the latest forecast by Mysteel Global. As noted, Africa will be the key driver of growth thanks to the phased launch of the Simandou project. In addition, iron ore mines in Australia and Brazil are continuing to expand their capacity. […]

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]]> <![CDATA[Fortescue secures funding for solar technology development in Pilbara region]]> https://gmk.center/en/news/fortescue-secures-funding-for-solar-technology-development-in-pilbara-region/ Sat, 15 Nov 2025 06:03:21 +0000 https://gmk.center/?post_type=news&p=115986 The Australian Renewable Energy Agency (ARENA) has allocated AUD 45 million to Fortescue Metals Group’s Solar Innovation Hub in the Pilbara region. This was announced in a statement by ARENA. The hub will serve as a 500 MW test site as part of Fortescue’s planned 1.5 GW solar energy development project. It is designed to […]

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]]> <![CDATA[China lifts partial ban on iron ore purchases from Australia’s Hancock]]> https://gmk.center/en/news/china-lifts-partial-ban-on-iron-ore-purchases-from-australia-s-hancock/ Thu, 30 Oct 2025 11:09:09 +0000 https://gmk.center/?post_type=news&p=115171 China Mineral Resources Group (CMRG), a Chinese state-owned buyer, has allowed steel mills to resume purchasing certain types of iron ore from Australia’s Hancock Prospecting. This was reported by Reuters, citing sources. Such purchases were banned during negotiations that lasted more than a year. In September, CMRG informed steel mills that they could once again […]

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]]> <![CDATA[Australia announces preliminary anti-dumping duties on rebar from four countries]]> https://gmk.center/en/news/australia-announces-preliminary-anti-dumping-duties-on-rebar-from-four-countries/ Mon, 27 Oct 2025 13:05:14 +0000 https://gmk.center/?post_type=news&p=114994 The Australian Anti-Dumping Commission has announced preliminary results of an administrative review of anti-dumping duties on imports of steel products from Indonesia, Malaysia, Thailand, Turkey, and Vietnam. This was reported by IREPAS. The investigation covered the period from July 1, 2023, to June 30, 2024. The Commission concluded that dumped exports from Malaysia (except Southern […]

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]]> <![CDATA[Rio Tinto and partners invest $733 million in ore mining development in Pilbara]]> https://gmk.center/en/news/rio-tinto-and-partners-invest-733-million-in-ore-mining-development-in-pilbara/ Tue, 07 Oct 2025 08:48:38 +0000 https://gmk.center/?post_type=news&p=114146 Rio Tinto, together with partners Mitsui and Nippon Steel, are investing $733 million in the development of the West Angelas Sustaining project as part of the Robe River Joint Venture in the Pilbara region of Western Australia. Rio Tinto’s share of the financing is $389 million. The project has received all necessary approvals from federal […]

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]]> <![CDATA[Australian green steel: two vectors]]> https://gmk.center/en/posts/australian-green-steel-two-vectors/ Mon, 15 Sep 2025 06:56:12 +0000 https://gmk.center/?post_type=posts&p=113204 Australian steel companies are taking different paths to achieve carbon neutrality. The first one is based on proven and available technologies that guarantee the result. The second involves the development of fundamentally new solutions capable of turning the steel market upside down. As a result, some companies already have clear benchmarks for reducing greenhouse gas […]

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]]> <![CDATA[Australia increased iron ore exports to 75 million tons in July]]> https://gmk.center/en/news/australia-increased-iron-ore-exports-to-75-million-tons-in-july/ Thu, 04 Sep 2025 07:10:40 +0000 https://gmk.center/?post_type=news&p=112938 Australian iron ore producers exported 75 million tons in July 2025, up 5% from July 2024, despite lower demand from some key consumers in Asia. China remained the main driver of growth, while shipments to South Korea and Vietnam fell significantly, according to Argus.Media. In July, China imported 63 million tons of Australian ore, up […]

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]]> <![CDATA[China’s green transformation is challenging Australia’s raw materials model]]> https://gmk.center/en/news/china-s-green-transformation-is-challenging-australia-s-raw-materials-model/ Mon, 25 Aug 2025 07:30:27 +0000 https://gmk.center/?post_type=news&p=112427 Australia, one of the largest suppliers of raw materials to China’s steel industry, is facing a new challenge. Beijing’s green policy of decarbonizing steel production is changing the rules of the game for Australia’s key exports, iron ore and coking coal. This is stated in the Asia Times review. In 2024, iron ore shipments from […]

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]]> <![CDATA[Australia reduced exports of iron ore and pellets by 8.9% m/m in July]]> https://gmk.center/en/news/australia-reduced-its-imports-of-iron-ore-and-pellets-by-8-9-m-m-in-july/ Mon, 11 Aug 2025 11:40:36 +0000 https://gmk.center/?post_type=news&p=112531 In July of this year, Australia reduced its exports of iron ore and pellets by 8.9% compared to June, down to 73.6 million t. BigMint reports this, citing vessel inventory data. China remained the main importer of Australian iron ore; in July, supplies to this country amounted to 60.4 million t (-13% m/m). Japan and […]

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]]> <![CDATA[Rio Tinto reports weakest earnings in five years due to decline in commodity prices]]> https://gmk.center/en/news/rio-tinto-reports-weakest-earnings-in-five-years-due-to-decline-in-commodity-prices/ Wed, 30 Jul 2025 12:35:16 +0000 https://gmk.center/?post_type=news&p=112022 Mining giant Rio Tinto reported its weakest first-half profit since 2020. In the first six months of 2025, the company’s underlying profit fell 16% year-on-year – to $4.81 billion, according to Reuters. This is slightly less than analysts had expected (Visible Alpha’s forecast was $5.05 billion). The main reason was a 15% drop in iron […]

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]]> <![CDATA[Global trade in coking coal declined by 6% year-on-year in January-June]]> https://gmk.center/en/news/global-trade-in-coking-coal-declined-by-6-year-on-year-in-january-june/ Fri, 25 Jul 2025 12:29:04 +0000 https://gmk.center/?post_type=news&p=111861 Global trade in coking coal in the first half of 2025 decreased by 6% year-on-year – to 172.4 million tons, according to preliminary data collected by BigMint. These figures were driven by a number of factors, such as a decline in steel production, increased supply in domestic markets, and changes in trade flows. In particular, […]

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]]> <![CDATA[Rio Tinto increased ore production in Q2 to its highest level since 2018]]> https://gmk.center/en/news/rio-tinto-increased-ore-production-in-q2-to-its-highest-level-since-2018/ Wed, 16 Jul 2025 11:18:20 +0000 https://gmk.center/?post_type=news&p=111457 In the second quarter of 2025, mining company Rio Tinto achieved its highest level of iron ore production in Australia’s Pilbara region since 2018. Total production amounted to 83.7 million tons, which is 20% more than in the previous quarter and 5% more year-on-year. This is stated in Rio Tinto’s quarterly report. The company also […]

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]]> <![CDATA[BHP doubts the viability of the green iron industry in Australia]]> https://gmk.center/en/news/bhp-doubts-the-viability-of-the-green-iron-industry-in-australia/ Wed, 16 Jul 2025 10:53:07 +0000 https://gmk.center/?post_type=news&p=111455 Mining company BHP believes that it is too expensive for Australia to develop the green iron industry and that the investment will not pay off. This was reported by Reuters. BHP Australia CEO Geraldine Slattery, who participated in business roundtables with Australian and Chinese industry leaders in China, noted that the economic feasibility of independent […]

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]]> <![CDATA[Australia expects a $19 billion decline in iron ore export revenues by 2027]]> https://gmk.center/en/news/australia-expects-a-19-billion-decline-in-iron-ore-export-revenues-by-2027/ Thu, 03 Jul 2025 12:37:38 +0000 https://gmk.center/?post_type=news&p=110957 Australia forecasts a decline in iron ore export revenues from $116 billion in the 2024-2025 fiscal year to $97 billion in 2026-2027. This is stated in the country’s government’s June Resources and Energy Quarterly report. The main reasons for the decline are weak global demand for steel, reduced production in China, and gradual market saturation […]

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]]> <![CDATA[Asian coking coal prices fell in June amid weak demand]]> https://gmk.center/en/news/asian-coking-coal-prices-fell-in-june-amid-weak-demand/ Wed, 02 Jul 2025 14:12:43 +0000 https://gmk.center/?post_type=news&p=110895 Quotations for seaborne coking coal fell last month – as of June 27, according to Kallanish, the FOB Australia price was $175.89/t, while as of May 30 it was $193.96/t. Sentiment in the Asian seaborne coking coal market was pessimistic in June: low demand was accompanied by a loss of interest in Australian premium hard […]

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]]> <![CDATA[Rio Tinto and Hancock invest $1.6 billion in iron ore project in Australia]]> https://gmk.center/en/news/rio-tinto-and-hancock-invest-1-6-billion-in-iron-ore-project-in-australia/ Wed, 25 Jun 2025 07:19:17 +0000 https://gmk.center/?post_type=news&p=110593 Australian-British mining company Rio Tinto and Australian producer Hancock Prospecting are investing $1.6 billion in the Hope Downs 2 iron ore project in the Pilbara region (Western Australia). This is stated in a Rio Tinto press release. Hope Downs 2, which involves the development of the Hope Downs 2 and Bedded Hilltop deposits, has already […]

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]]> <![CDATA[Australia has begun the official sale of the Whyalla steelworks]]> https://gmk.center/en/news/australia-has-begun-the-official-sale-of-the-whyalla-steelworks/ Tue, 24 Jun 2025 08:23:19 +0000 https://gmk.center/?post_type=news&p=110538 The Australian government has officially begun the process of selling the Whyalla Steelworks, which has been under external administration since February 2025. The plant, once a key asset of Sanjiv Gupta’s GFG Alliance, could now be acquired by a global player interested in developing low-carbon steel production, according to Reuters. Australian Industry Minister Tim Ayres […]

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]]> <![CDATA[POSCO establishes a research center in Australia]]> https://gmk.center/en/news/posco-establishes-a-research-center-in-australia/ Sun, 08 Jun 2025 05:33:19 +0000 https://gmk.center/?post_type=news&p=109957 South Korean company POSCO Holdings is strengthening its strategy to produce environmentally friendly steel and battery materials, reports Korea JoongAng Daily. In late May, the company announced the opening of a key minerals research center called Australia Critical Minerals R&D Lab in Perth, Western Australia. The new center will focus on research into reducing carbon […]

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]]> <![CDATA[Coking coal prices in China fall amid oversupply]]> https://gmk.center/en/news/coking-coal-prices-in-china-fall-amid-oversupply/ Thu, 29 May 2025 13:29:21 +0000 https://gmk.center/?post_type=news&p=109621 Spot coking coal quotations in China (EXW, Anze) decreased by $2.6/t to $170.72/t between May 16 and 23, according to Kallanish. This situation was caused by negative market sentiment and rising stocks. According to Bloomberg, the decline in demand for steel in China is spreading to neighboring markets, with prices for coking coal and coke […]

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]]> <![CDATA[Rio Tinto cuts iron ore supply to lowest since 2019 in Q1]]> https://gmk.center/en/news/rio-tinto-cuts-iron-ore-supply-to-lowest-since-2019-in-q1/ Wed, 16 Apr 2025 12:52:47 +0000 https://gmk.center/?post_type=news&p=107991 Rio Tinto, one of the world’s largest iron ore producers, recorded the lowest supply volume since 2019 in the first quarter of 2025, with only 70.7 million tons from its deposits in the Pilbara region of Australia. This is lower than both last year’s figure of 78 million tons and the market forecast of Visible […]

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]]> <![CDATA[Greensteel Australia to invest $1.6 billion in new steel plant]]> https://gmk.center/en/news/greensteel-australia-to-invest-1-6-billion-in-new-steel-plant/ Sun, 13 Apr 2025 06:45:05 +0000 https://gmk.center/?post_type=news&p=107790 Australian steelmaker Greensteel Australia has announced a $1.6 billion investment in a new steel plant. This is stated in the company’s message. The facility will be equipped with a direct reduced iron (DRI) plant, two electric arc furnaces, and rolling mills for the production of structural steel and rebar. The equipment will be supplied by […]

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