Fortescue faces costly choices in China pricing standoff

By Rueben Hale

Thursday, 22 October 2026

Economics & Commodity PricesNews

Fortescue faces a costly dilemma as China's iron ore pricing standoff leaves millions of tonnes of unsold ore mounting, forcing Andrew Forrest's mining giant to weigh four increasingly difficult options.

The MOU supports Metallium’s plan to develop a national network of e-waste processing facilities, strategically located near major e-waste collection hubs, rapidly expanding U.S. data centre industrial parks and regional industrial corridors with strong logistics and waste generation.

Underground mine development

NewsProjects & Operations

Medallion targets November gold sales as Cosmic Boy nears processing

Medallion Metals is closing in on first gold sales amid strong bullion prices, with commissioning at Cosmic Boy and underground development at Kundip next on the agenda.

Fortescue sack exec

NewsPeople & Workforce

Fortescue sacks executive for workplace misconduct

Fortescue has dismissed a senior executive following allegations of sexual harassment and bullying.

Raleigh Finlayson tight lipped on new company plan

NewsProjects & Operations

Finlayson establishes private company as next move remains unclear

Gold mining heavyweight Raleigh Finlayson has established a mystery company, Kurnalpi Holdings, but its commercial purpose remains under wraps.

Execs land $50m windfall

Economics & Commodity PricesNews

Mader eyes next incentive plan after $50m payday

Mader Group (ASX: MAD) execs are sitting on a bumper share windfall worth more than $50m after the mining services group cleared the earnings hurdles attached to almost 8m performance rights issued under its five-year growth strategy.