Business

Allegations of financial fraud against Adani has led to calls for the NAIF loan not to be awarded to the Carmichael mine ...

Adani accused of financial fraud in India

Mining company Adani has been accused of financial fraud in India, sparking calls for an almost $1 billion taxpayer-funded loan for its proposed Australian mine to be ruled out.

Speculative buying has helped to boost raw materials including iron ore, and those gains may reverse as China's growth ...

Is this as good as it gets for iron ore?

Iron ore in the $US70s a tonne may be as good as it gets for some time. The metal "is just too plentiful" to sustain its recent price gains as China pares back its steel production, Citigroup reckons.

Elliott Management president Paul Singer.

Activist investor Elliott raises stake in BHP

Hedge fund Elliott Management has raised its stake in BHP Billiton to 5 per cent, stepping up a campaign to make the top global miner quit all or part of its petroleum business, boost returns and ditch its dual listing.

Clive Palmer speaks to media after his court appearance earlier this month.

Clive Palmer's 'habitually cavalier attitude' detailed

Queensland Nickel's government-appointed liquidators claim Clive Palmer has demonstrated a "habitually cavalier attitude" as a corporate director, evasiveness about his personal finances and an ability to move money out of Australia.

Prices of the steel-making ingredient have see-sawed this year.

Iron ore enjoying 'Goldilocks moment'

The world's biggest producer of iron ore says the market is in a sweet spot, with prices generating a tidy profit but not enough to lure much new supply.

Jean-Sebastien Jacques, chief executive officer of Rio Tinto, said there will be no "fire sale" at the company.

Rio Tinto becoming a 'cashbox' for investors

Rio Tinto could delivery another hefty dividend early next year and potentially more buybacks, analysts have predicted in the wake of the mining giant's record interim payout this week.

iron ore

Iron ore surges 7.2pc

The spot price of iron ore surged to near $US74 a tonne overnight amid concerns about tightening supplies.

The cost structure puts Fortescue near or below the average costs of larger rivals Vale , Rio Tinto and BHP Billiton.

Fortescue beats guidance, cuts costs

Fortescue Metals Group has reported higher than expected fiscal 2017 iron ore shipments and said it cut costs by 15 per cent in the fourth quarter amid a widening price discount for its ore.