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EXPLAINED: 2 | Vintage Vibes

Port worker wage stoush set to trigger historic strike

Hundreds of port workers are expected to walk off the job after failed wage negotiations between a mining giant and unions.

AAP

Vedanta Iron & Steel shares skyrocket 89% in 12 days since listing. What’s fuelling the surge?

Vedanta Iron and Steel shares have surged an impressive 89% since their June debut, adding nearly Rs 7,000 crore to its market value. This remarkable rally was significantly boosted after Azim Premji's investment arm acquired shares worth Rs 102 crore. The company, involved in iron ore and steel production across…

The Economic Times

Vedanta Iron & Steel shares extend winning streak, surge 10%; stock up 70% since listing

Vedanta Iron & Steel shares jumped, extending an 11-day winning streak and taking total gains to over 70% since listing earlier this month. The stock debuted at Rs 20 following Vedanta Group’s demerger and has nearly doubled its market cap to about Rs 13,941 crore from Rs 7,821 crore.

The Economic Times

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ED attaches over Rs 1,000-cr assets in Goa 'illegal' iron ore mining case

The Enforcement Directorate has seized assets exceeding Rs 1,023 crore, including properties in Singapore, in a Goa illegal iron ore mining case. The probe into the Salgaocar Groups and associates revealed illegal mining between 2007-12, generating over Rs 2,492 crore in crime proceeds. These funds were allegedly laundered through offshore…

The Economic Times

Vedanta Iron and Steel aims to become major resource-backed integrated steel platform

Vedanta Iron And Steel Ltd, newly listed, plans to be a leading integrated steel producer. The company will leverage its vast iron ore reserves for over 50 years. Expansion will focus on value-added products like silicon iron and ductile iron pipes. VISL's strategy is set to create long-term value across…

The Economic Times

Meet Gina Rinehart: Australia’s richest woman who just invested $1.4 billion in Elon Musk’s SpaceX

For decades, the fortune of Australia's wealthiest citizen has been tied to iron ore buried deep beneath the country's red earth. Yet in recent years, Gina Rinehart has gradually expanded her interests far beyond mining, backing sectors she believes will shape the decades ahead. Space exploration now appears to sit…

The Times of India

FED:Gina Rinehart's flagship iron ore mine lays off workers

One of Australia's largest mining operations, owned by billionaire Gina Rinehart, is laying off staff in a bid to extend its mine life by 10 years.

AAP

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Gina Rinehart's flagship iron ore mine lays off workers

One of Australia's largest mining operations, owned by billionaire Gina Rinehart, is laying off staff in a bid to extend its mine life by 10 years.

AAP

Australia's mining giants eye India, SE Asia for growth

Mining giants BHP and Rio Tinto say new ‌steel demand in India and Southeast Asia will offset stagnation in China.

AAP

Iron ore miners highlight India, Asean as they look for growth after China

SINGAPORE — Australia's iron ore miners emphasised on Tuesday how growing steel demand in India and Southeast Asia would help offset the stagnating ‌market in top customer China, where they also face pressure from the state-owned buyer to lower prices and offer better terms.

Bangkok Post

World's top miners BHP, Rio Tinto see India emerging as steel's next growth frontier beyond China

Global mining giants BHP and Rio Tinto are focusing on India for future steel demand. India's rapid urbanisation and infrastructure projects are driving growth. This expansion is expected to offset slowing demand from China. Both companies are well-positioned to support India's ambitious steel production targets. The Global South, particularly India,…

The Economic Times

Vedanta Iron & Steel shares list at Rs 22 on BSE as mega demerger concludes

Vedanta Iron & Steel debuted on the BSE at Rs 22 and NSE at Rs 20 on Monday as part of Vedanta's demerger plan. The company, with operations in India and Africa, focuses on iron ore and steel production. Its market capitalization at debut was approximately Rs 7,821 crore.

The Economic Times

Hundreds of BHP workers back strike at key iron ore hub

One of the world's biggest iron ore export sites faces disruption after hundreds of BHP workers voted in favour of striking at WA's Port Headland.

AAP

Goa iron ore dispute: Villagers clash with forest officials over transport from reserve area

A clash erupted between a group of villagers and forest department officials in Kushavati district of Goa. The incident occurred when forest officials stopped villagers from Kolamb transporting iron ore from a proposed reserve area. State Minister Subhash Phal Desai stated that the ore was being moved to create a…

The Economic Times

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The Economic Times

Vedanta group's iron ore mining, steel biz cut 2.5 MT of carbon emissions in last 5 yrs

Vedanta's iron ore and steel business has significantly cut carbon emissions. Over five years, nearly 2.5 million tonnes of emissions were reduced, avoided, or sequestered. Initiatives include electric vehicles, sustainable logistics, waste heat recovery power, and extensive tree plantation drives. These efforts align with national and global climate goals, showcasing…

AAP

Mesabi Metallics Monetizes Portion of Royalty Interest for $265 Million

NASHWAUK, Minn., June 2, 2026 /PRNewswire/ -- Mesabi Metallics Company LLC (Mesabi Metallics), backed by Essar Group, has agreed to sell 50% of its royalty interest to The Metals Royalty Company Inc. (TMCR) for total consideration of $265 million, implying a valuation of more than $500 million for the royalty…

MarketBeat

Champion Iron Q4 Earnings Call Highlights

Champion Iron (TSE:CIA) reported higher year-over-year production in its fiscal fourth quarter, while management said winter weather, a third-party train derailment, planned shutdowns and higher fuel-related costs weighed on sales logistics and operating costs. On the company’s fourth-quarter fisca

The Guardian - AU

BHP admits to stalled emissions reductions as WA premier says miners have ‘moral obligation’ to decarbonise

Head of BHP’s WA iron ore operations unable to give firm timeline for replacing diesel trucks as leaked documents reveal decarbonisation delay

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The Guardian - AU

World’s biggest miner BHP backtracks on climate action with key projects put on ice, leaked documents reveal

Exclusive: Cache of internal documents leaked to the Guardian and the ABC’s Four Corners show multinational has war-gamed ways to massively delay decarbonisation

The Guardian - AU

Revealed: the internal BHP memo that slammed the brakes on world’s biggest miner’s climate push

Exclusive: BHP once dubbed climate change an ‘existential’ threat. But leaked documents show it has backtracked on decarbonisation at a vast network of mines

The Guardian - AU

BHP quietly scrapped plan to build Pilbara plant that would have drastically cut emissions

Exclusive: Jimblebar processing facility would have produced higher quality iron ore sought by steelmakers around the world – themselves under pressure to curb pollution

MarketBeat

Himalaya Shipping Q1 Earnings Call Highlights

Himalaya Shipping (NYSE:HSHP) reported a first-quarter profit as higher charter earnings lifted revenue and operating cash flow, while management said it remains positioned for strength in the Capesize and Newcastlemax dry bulk markets. Chief Executive Officer Lars-Christian Svensen said the compan

AAP

WA:Hancock mining riches battle shifts to legal bill fight

Australia's richest person survived a legal bid to claim a share of some of her prized iron ore assets; now the lawyers are fighting over the legal bills.

AAP

Hancock mining riches battle shifts to legal bill fight

Australia's richest person survived a legal bid to claim a share of some of her prized iron ore assets; now the lawyers are fighting over the legal bills.

The Guardian - AU

WA’s Yindjibarndi traditional owners consider appeal against Fortescue’s $150m record native title payout

Yindjibarndi Ngurra Aboriginal Corporation label federal court ruling against mining giant’s Solomon Hub iron ore operation ‘unsatisfactory’

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