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Australia s iron ore boom: Investors profit as global economy recovers

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 tallest skyscrapers. Just down the road are the headquarters of Fortescue Metals Group, the world’s fourth largest iron ore producer behind Rio, BHP and Brazil’s Vale.

Rio tintoSwan riverWestern australiaSimon trottScott morrisonLang hancockIndian oceanGina rinehartLachlan shawNational australia bankFortescue metals groupTwiggy forrestHancock prospectingDown underரியோ டின்டோஅன்னம் நதி

Australia s iron ore bonanza: UK investors cash in as global economy bounces back sending commodity prices soaring

Australia s 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 the capital of Western Australia, the world’s largest supplier of iron ore. © Provided by This Is Money ( This precious commodity, used to make steel, is Australia’s biggest export, with record iron ore prices of more than $200 a ton helping to power the country’s rapid recovery from the Covid crisis.

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Indigenous backing for Rio s Megan Clark splits proxy advisers

Indigenous groups’ high regard for the former CSIRO boss has convinced AustralianSuper to back her re-election to the board of Rio Tinto.

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Investegate |Rio Tinto Announcements | Rio Tinto: Director/PDMR Shareholding

Investegate |Rio Tinto Announcements | Rio Tinto: Director/PDMR Shareholding
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.

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Investegate |Rio Tinto Announcements | Rio Tinto: Director/PDMR Shareholding

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