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Ancient sites, sacred snake raise risks for Australian resources

Ancient sites, sacred snake raise risks for Australian resources Mimi Spirits and Rainbow Serpent. Credit: Aboriginal Art Australia Sacred sites, endangered sawfish and mythical rainbow serpents are the latest challenges confronting commodities powerhouse Australia as the nation’s top mining companies meet for their biggest annual conference. Since the destruction last year by Rio Tinto Group of a 46,000-year-old Aboriginal rock shelter at Juukan Gorge, the industry has been scrambling to deal with a backlash over heritage protection and environmental issues. A national enquiry into the incident and new laws being drafted by the Western Australia government could have an impact on some A$18 billion ($13 billion) in projects planned by mining giants operating in the Pilbara, the nation’s iron-ore heartland, as well as other resources projects.

Ancient sites, rainbow serpents raise risks for Australian miners

Ancient sites, rainbow serpents raise risks for Australian miners We’re sorry, this service is currently unavailable. Please try again later. Dismiss By James Thornhill Normal text size Advertisement Sacred sites, endangered sawfish and Aboriginal rainbow serpents are the latest challenges confronting Australia as the nation’s top mining companies meet for their biggest annual conference. Since the destruction last year by Rio Tinto Group of a 46,000-year-old Aboriginal rock shelter at Juukan Gorge, the industry has been scrambling to deal with a backlash over heritage protection and environmental issues. A national enquiry into the incident and new laws being drafted by the WA government could have an impact on some $18 billion in projects planned by mining giants operating in the Pilbara, the nation’s iron-ore heartland, as well as other resources projects.

Earnings season: Rio Tinto dividend, NAB share buyback just the start of windfalls for investors

Earnings season: Rio Tinto dividend, NAB share buyback just the start of windfalls for investors
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Fortescue Annual Iron-Ore Shipments Up, Costs Also Rise -- Update

By Rhiannon Hoyle SYDNEY Fortescue Metals Group Ltd. said it shipped record annual volumes of iron ore as it benefited from sky-high prices for the steel ingredient, but that it continued to face pressure from rising costs. Fortescue, the world s No. 4 iron-ore exporter, reported shipments of 182.2 million metric tons for the 12 months through June, up 2% on a year earlier. That followed fourth-quarter shipments of 49.3 million tons, which were 4% higher on a year ago and also a record level for Fortescue. This was an outstanding performance despite the impact of wet weather, as well as Covid-19 restrictions requiring many of our team members to remain on site for extended periods during WA s lockdowns, Chief Executive Elizabeth Gaines said, referring to pandemic-related restrictions in Western Australia state where Fortescue s iron-ore mines are located.

Passion for protecting Aboriginal culture inspires Fortescue s CEO for Day

Fortescue Metals Group’s (Fortescue) CEO for a Day program continues to empower and inspire emerging Aboriginal leaders within the Company, by providing the opportunity to experience how the business operates at the highest levels. Bill Bennell, a Nyungar man from Western Australia’s South West, began his journey with Fortescue in 2014 as a Heritage Field Officer before being promoted to Heritage Field Supervisor at Fortescue’s operations in the Pilbara where he works alongside Traditional Custodians in identifying and protecting important Aboriginal cultural heritage. Today, he joined Fortescue Chief Executive Officer Elizabeth Gaines and members of the leadership team for the release of the Company’s quarterly production results.

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