Rio Tinto Ltd has made its first Aboriginal board appointment, hiring former Western Australian state treasurer Ben Wyatt as it strives to rebuild its reputation following last year's destruction of the Juukan Gorge rockshelters.
Iron ore price tops $200 amid further deterioration of China-Australia relations
Worker repair mechanical parts in the production workshop in Tangshan city, Hebei Province, China (Stock Image)
Iron ore prices jumped to a fresh high on Thursday after China “indefinitely” suspended all activity under a China-Australia Strategic Economic Dialogue, in the latest setback to the strained relations between Beijing and Canberra.
Benchmark 62% Fe fines imported into Northern China (CFR Qingdao) hit a new high on Thursday, changing hands for $201.88 a tonne, up 4.85% from the previous day, according to Fastmarkets MB. The high-grade Brazilian index (65% Fe fines) also advanced to a record high of $234.70 a tonne.
Worker repair mechanical parts in the production workshop in Tangshan city, Hebei Province, China. Credit: Stock Image.
Iron ore prices jumped to a fresh high on Thursday after China “indefinitely” suspended all activity under a China-Australia Strategic Economic Dialogue, in the latest setback to the strained relations between Beijing and Canberra.
Benchmark 62% Fe fines imported into Northern China (CFR Qingdao) hit a new high on Thursday, changing hands for US$201.88 a tonne, up 4.85% from the previous day, according to Fastmarkets MB. The high grade Brazilian index (65% Fe fines) also advanced to a record high of US$234.70 a tonne.
Recently, some Australian Commonwealth Government officials launched a series of measures to disrupt the normal exchanges and cooperation between China and Australia out of Cold War mindset and ideological discrimination,” China’s National Development and Reform Commission (NDRC) said in a statement on the decision.
After a Traditional Owner raised concerns about the report, a review into the heritage assessment found it 'old fashioned'. Experts have called for a new, more inclusive report to be commissioned.
The Wintawari Guruma Aboriginal Corp (WGAC) represents the Eastern Guruma area in WA s iron ore-rich Pilbara region - some of the most mined Country in the nation.
The group wants to ensure ordinary Australians, as well as shareholders and stakeholders, are aware of the importance of cultural heritage through a scorecard system.
The WGAC Director Tony Bevan said the system will rate mining companies out of a possible 1250 points, based on heritage protection compliance, caring for the environment, relationship with mining companies and Indigenous groups, and social reporting. Each mining company will get a score and so FMG might get a score of X and Rio get a score of Y and we ll say these are the areas where we ve identified [as] areas for improvement, Tony Bevan told NITV News.