Wyloo snaps up remaining Greatland stake

Government urged to step in for Australian steel The Australian Steel Institute (ASI) is enlisting support from Federal and state governments for local steel fabricators and manufacturers, after research revealed the local industry is being undercut by an excess of cheap imports. Australia has experienced weaker industrial output of steel since the start of 2023 as world steel demand continues to be affected by the elevated interest rate environment in most advanced economies, according to the Federal Department of Industry, Science and Resources’ June Resources and Energy Quarterly...

Wyloo and Hastings finalise rare earths JV Wyloo Gascoyne and Hasting Technology Metals will begin work on the Yangibana rare earths and niobium project in WA under their unincorporated joint venture (UJV). Andrew Forrest's private mining vehicle, Wyloo, now holds a 60% participating interest and has been appointed manager and operator of the UJV with Hastings retaining a 40% participating interest. The UJV covers all assets associated with the project, including Stage 1 being the Yangibana mine and beneficiation plant and Stage 2 being the hydrometallurgical plant. The formation of the UJV formalises the partnership between Hastings and...

Fortescue recognised as a global leader in 'Real Zero'   Fortescue (ASX: FMG) has been named a global leader in its commitment to Real Zero in a newly released report by Climate Integrity and the Institute for Sustainable Futures at the University of Technology Sydney.  The report recognises Fortescue, alongside IKEA and Lendlease, for pioneering industry-leading climate strategies that phase out fossil fuels without reliance on carbon offsets.  Fortescue Metals chief executive Dino Otranto comments on...

Image accelerates Atlas mineral sands project Image Resources (ASX: IMA) is accelerating construction of its Atlas mineral sands project in WA following receipt of final permitting milestones. This represents the finalisation of Image’s Ground Water Operating Strategy (“GOS”) and the receipt of 5C water licenses for water abstraction and mine dewatering at Atlas. Project construction and full-scale operations including achievement of first HMC production in Q1 2025 can now advance. Initial roadwork and civil construction were facilitated by a temporary 5C water abstraction license. Now civil and infrastructure construction and mine development will accelerate rapidly, clearing the path for...