Fortescue makes moves in Gabon, delivers record iron ore output

RTS highlights industry-wide concerns This week in Perth, WA, key industry representatives addressed some major challenges the Australian mining industry is facing at the Resources Technology Showcase. Concerns surrounding the feasibility of global green steel production amid challenging industry conditions, oversupply, low ore grades, approval delays and low ore prices, were prominent. BHP (ASX: BHP) WA iron ore asset president Tim Day says getting the costs of smelting iron ore using lower emissions fuels to compete with traditional blast furnaces is at least 10 years away. “It is very hard to compete against an established industry and making the industry commercial in Australia...

Rio launches corruption probe at Oyu Tolgoi Oyu Tolgoi LLC, 66% owned by Rio Tinto (ASX: RIO), has sought support from law enforcement for an internal investigation into allegations of corruption and unethical conduct at the copper operations in Mongolia.   Olyu Tolgoi LLC confirmed an investigation is underway, reaffirming the company’s strict zero-tolerance policy toward corruption and unethical conduct.   Rio Tinto declined to comment.  “We are aware of allegations involving procurement-related activities and conducting a comprehensive internal investigation and have sought cooperation of law enforcement authorities,” Oyu Tolgoi...