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Climate crisis is biggest challenge facing Australian businesses: EY survey - The impact of climate change has been rated as the biggest challenge facing Australian businesses, according to a recent survey on 155 Australian executives by accounting giant EY. The survey found that 18% of Australian bosses ranked the climate crisis as the number one concern...BHP reports damage to culturally significant Aboriginal site in the Pilbara - BHP has reported damage to a culturally significant Aboriginal site near one of its iron ore mines in the Pilbara region of Western Australia, nine months after Rio Tinto accidentally destroyed ancient rock shelters in the same region. While the Juukan Gorge incident occurred when...Rio Tinto declares record dividend after iron ore surge drives 2020 earnings - Rio Tinto has announced the largest annual dividend in its 148-history after new chief executive Jakob Stausholm described 2020 as a ‘year of extremes’ for the world’s biggest iron ore producer. The mining giant returned a total of US$9 billion to shareholders in the 2020...Fortescue agrees supply deal with Korean steelmaker in green hydrogen partnership - Fortescue Metals Group (FMG) will supply iron ore and green hydrogen to South Korean steelmaking company Posco after the two agreed to a circular partnership centred on clean energy opportunities. As part of a four-month global tour, FMG chairman Andrew ‘Twiggy’ Forrest met Posco’s CEO...New shipping fees at Port Hedland draw ire of iron ore shippers - Peak industry body Shipping Australia has labelled a decision to impose a new A$13,450 fee on every major iron ore export at Port Hedland in Western Australia as a ‘breathtakingly outrageous charge’. The Pilbara Ports Authority will bring in the export charge in March to...ASX 200 shares surge as iron ore prices hit eight-year high - Australian shares closed Monday trading on another high after iron ore prices continued to soar, based on strong demand from China and supply concerns emerging from key iron ore producing country Brazil. The ASX 200 closed up 0.6% to 6,675 points, while at one point...Gold and battery metals drive 20% increase in resources projects in Australia - The number of major resources and energy projects in Australia rose by 19% to 335 over the 12 months ending October, with miners focusing on development opportunities in the lucrative gold and battery metals sectors. Australia’s Department of Industry, Science, Energy and Resources published the...NSW promises $32 billion renewables investment drive under new roadmap - The New South Wales (NSW) government has announced a new electricity infrastructure roadmap that it hopes will drive a $32 billion private investment boom in renewable energy. The state coalition said that the plan would support 12GW of renewable energy and 2GW of energy storage,...Adani Enterprises rebrands to Bravus in Latin name change blunder - Controversial Indian conglomerate Adani Enterprises has renamed itself Bravus – a Latin word that translates to ‘barbarian’ or ‘mercenary’, ‘assassin’ and ‘deformed’, language experts have confirmed. The company, which has drawn strong criticism for the development of its Carmichael coal mine in central Queensland, enacted...BP to close oil refinery in Western Australia, threatening domestic fuel supply - BP has revealed plans to stop producing fuel at its Kwinana oil refinery in Western Australia, instead converting the facility into a fuel import terminal, in response to strong competition from the Asian market. The company said it would wind down operations at Kwinana –...
