Australia

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BHP and Rio Tinto to build a pilot green pig iron plant in Australia

The start of commercial operation is expected in 2028

theminingexecutive.com
Rio Tinto expects ore production to grow by 15 million tons in 2023-2025

In addition to increasing its production performance, the company is actively promoting its decarbonization strategy

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Anglo American sells Australian coking coal mines

The buyer will be the American Peabody Energy, the amount of the deal is $3.8 billion

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Australia reduced iron ore exports by 4% y/y in October

Compared to September, iron ore supplies fell by 9.7%

fmgl.com.au
Fortescue increased iron ore shipments by 4% y/y in July-September

Sales volumes reached 47.7 million tons

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Australia increased coking coal exports by 19.5% y/y in September

Compared to August, foreign supplies of these raw materials fell by 0.8%

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Australia increased iron ore exports by 2.4% y/y in January-September

In September, these volumes increased by 3.2% compared to August – up to 75.9 million tons

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Australia lowers forecast for coking coal exports for FY2024/2025

It is expected that prices for this raw material will fluctuate at the level of $200/t until 2026

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Australia predicts a decline in ore export revenues in the next two years

The base price for iron ore in 2025 is expected to be $80/t

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Australia increased exports of iron ore by 8% m/m in August

Compared to August 2023, export shipments of ore increased by 2%

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Australia reduced coking coal exports by 17% m/m in July

Compared to July 2023, export shipments decreased by 1%

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Australia increased coking coal exports by 3% y/y in the first half of the year

In June, this indicator increased by more than 11% m/m

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