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Rinehart eases steel makers' iron ore pain with big Roy Hill dividend

Rinehart eases steel makers' iron ore pain with big Roy Hill dividend
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Australian-backed company accused of exploring for gold in violence-riven Myanmar

Myanmar’s military, the Tatmadaw, seized power in a 1 February coup headed by Senior General Min Aung Hlaing. Since then, the regime has killed 738 people, according to figures kept by the Assistance Association for Political Prisoners.
Unrest in Shan state is on the rise, with at least 10 police officers reportedly killed last week in an attack by ethnic armies opposed to the military regime. Human rights activists say they are gravely concerned for the safety of about 6,000 people camped near the Thai border after fleeing violence, if an assault by the military on its opponents goes ahead.
“There’s no fighting yet but the tension is growing high,” Shan Human Rights Foundation spokesperson Sai Hor Hseng told Guardian Australia. ....

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Rio Tinto's new CEO Stausholm navigates tough first quarter | Hellenic Shipping News Worldwide

Rio Tinto’s new CEO Stausholm navigates tough first quarter
Rio Tinto lifted its iron ore shipments, battled wet weather and labour shortages and escalated efforts to repair broken relationships with traditional owners from the Pilbara to Arnhem Land during a critical first quarter for new chief executive Jakob Stausholm.
While Mr Stausholm has been touring the country striving to restore trust following the disastrous destruction of the Juukan Gorge Indigenous rock shelters last year, Australia’s second-largest miner increased exports of its top commodity, the steel-making ingredient iron ore, by 7 per cent from the same time last year.
Rio shipped 77.8 million tonnes of iron ore in the three months to March 31, its quarterly review said on Tuesday, as Chinese industrial activity drove greater demand and global economic growth continued to rebound. ....

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Strong resources sector set to deliver higher returns

Strong resources sector set to deliver higher returns
China s strong recovery and global green-tinged stimulus packages stand the sector in good stead.
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Miners have entered 2021 in good shape as the strength of China’s COVID-19 recovery continues to surprise and governments around the world dig deep with stimulus packages.
UBS is forecasting global economic growth of 6.1 per cent and growth of 8.2 per cent in China, the epicentre of resources and commodity demand.
Though China may not be directly buying Australian coal, its presence in the market is positive for demand.
Glen Hunt
On the global front, that kind of growth hasn’t been seen since the 1970s and miners are in a strong position after emerging from 2020 with balance sheets boosted, capital spending in check and free cash flow at record levels in some cases. ....

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