Page 56 - Beyla News Today

Global output growth will average 2.4% over 2021-2025 compared to -2.0% over the previous five years, according to Fitch Solutions.

After starting a trial in the US to demonstrate that its former partner on the Simandou iron ore project, Beny Steinmetz, had fraudulently invested funds in New York property, the Brazilian mining

Josh Frydenberg is banking on a post-Covid surge to boost the budget – but here’s what could go wrong Ben Butler © Provided by The Guardian Photograph: Mike Bowers/The Guardian Josh Frydenberg is banking on a post-Covid economic surge to fund big personal income tax cuts for the rich and a modest infrastructure program while at the same time pushing the budget back towards balance. Frydenberg finds himself in a similar situation to Wayne Swan in 2009, tasked with rebuildi...

Past and future collide in iron ore mania Speculators are pushing iron ore prices to silly levels. But beneath this, surging demand and Australia’s stubbornly static supply are driving the market. Updated Save Share It’s not often bitcoin and iron ore appear in the same sentence, but the incredible rise in the spot price of the latter – iron ore is now up 20 per cent in a week – suggests they have at least one thing in common just now. That is, speculators are pushing price...

Last modified on Wed 12 May 2021 01.11 EDT Josh Frydenberg is banking on a post-Covid economic surge to fund big personal income tax cuts for the rich and a modest infrastructure program while at the same time pushing the budget back towards balance. The treasurer finds himself in a similar situation to Wayne Swan in 2009, tasked with rebuilding the economy after a global downturn. Swan went for a big spend on infrastructure – not just roads and rail but also the national broadband network...

The bulk of it is mined in the Pilbara region, roughly 800 miles north of Perth. This desolate expanse – home to more than 31 Aboriginal groups – is also host to a large network of mines all dedicated to digging up the riches lying underneath the arid red earth. The dominance of the mining industry in this part of the world is clear for all to see in Perth’s elegant skyline, with the names of FTSE 100 mining titans Rio Tinto and BHP Billiton emblazoned at the top of the city’s two talle...

Australias iron ore bonanza: UK investors cash in as global economy bounces back sending commodity prices soaring James Salmon In Perth For The Daily Mail © Provided by This Is Money MailOnline logo It is one of the most isolated major cities on earth, boasts some of the world’s finest beaches and is mercifully Covid-19 free. But Perth – which straddles the banks of the Swan River on the shores of the Indian Ocean – has another key attraction. The sun-drenched city is t...

  At least 15 people have been killed by a landslide at a clandestine gold mine in Guinea’s north-eastern Siguiri region. Overhanging rocks collapsed on Saturday morning, crushing some victims and burying others inside the mine. A government spokesman has said the “exact circumstances and causes of the tragedy” will be investigated. A local Red Cross official said two women were among the dead and that it was likely more bodies would be found. “This site is already mined by machines. T...

Rio says China has few iron ore alternatives, for now Share Australia’s biggest iron ore exporter says China has relatively few alternative suppliers of the steelmaking ingredient in the near term, as diplomatic tensions between Canberra and Beijing stokes panic buying and helps drive iron ore prices to record highs. Prices for “benchmark” ore with 62 per cent iron breached $US200 per tonne for the first time on Thursday evening, with S&P Global Platts putting the price at $US202.65, whil...

Shadow of Juukan hangs over Rio AGM as investors lob protest vote Save Share Rio Tinto’s senior Australian director Simon McKeon AO has vowed to ensure the miner rebuilds its relationship with and influence over the nation that delivers the bulk of its earnings as investors lobbed a big protest vote against its remuneration report. More than 60 per cent of votes were cast against the remuneration report at Thursday’s shareholder meeting in response to lucrative exit packages given to ...