Australia

Meta Arrives At $32 Million Settlement With Australia Over Cambridge Analytica Privacy Breach: Privacy Commissioner Labels It 'Largest Ever Payment'
Australian Opposition Goes Nuclear, $211 Billion Plan Could Open Doors For Uranium Miners
AI Set To Cut Music Industry Incomes By 25% By 2028: Report
Australian Opposition Goes Nuclear, $211 Billion Plan Could Open Doors For Uranium Miners
AI Set To Cut Music Industry Incomes By 25% By 2028: Report
Northern Star Acquires De Grey For $3.3 Billion, Secures Promising Tier 1 Asset
Meta, TikTok, Snapchat Could Face $32M Fines As Australia Enforces Social Media Ban For Under-16s

Australia Recent News

Analysts See Iron Ore Below $100, Weak Chinese Demand
Iron ore prices are expected to stay low due to oversupply and weak Chinese demand. Geopolitical tensions add uncertainty for Australian miners.
AUD/USD Stabilises As Traders Await Economic Signals
By RoboForex Analytical Department
Mineral Resources Confirms Founder's Departure Amid Tax Evasion Allegations, Moody's Cuts Outlook
Mineral Resources (OTC: MALRF) faces uncertainty as founder Chris Ellison steps down amid governance issues. ASIC and ATO investigating.
Donald Trump's Victory Could Disrupt Commodities, Put Australia In Precarious Position
Trump's policies could affect global commodity prices, particularly in the fossil fuel and industrial metals sectors, with potential tariffs and trade stances.
Anglo American Offloads $1.1 Billion Coal Stake, Proceeds With Restructuring
Anglo American to sell 33.3% stake in Jellinbah Group to Zashvin for $1.1 billion and focus on copper, iron ore, and crop nutrients.Anglo American sells Jellinbah stake, focuses on copper, iron ore, and crop nutrients. Will net $5-6b from divesting remaining coal assets.
Australian Breakthrough Extends Use For Coal-Powered Plants, Helps Shift To Renewables
Despite push for renewable energy, coal remains key in meeting electricity demand. IEA revised forecasts, projecting high demand well into next decade.
BHP Backtracks Its Comments On Abandoning Anglo American Deal
BHP backtracks on remarks about failed Anglo American bid, clarifies deal not off the table. Labor issues in focus as company expands in South America.
Newmont Seeks To Extend Largest Australian Mine Until 2050
Newmont applies for extension of Cadia mine permit until 2050, generating jobs & economic growth. Committed to sustainable production & divesting from non-strategic ops.
Goldman Sachs Warns About Aluminum Shortages, Australia Echoes 'We Don't Want It To Become New Nickel' (CORRECTED)
Goldman Sachs isn't alone in seeing the warning signs on the aluminum market. Australia, a top bauxite producer, warned about the problem.
AUD/USD Rises Following Strong Australian Employment Data
By RoboForex Analytical Department
Rio Tinto Disappoints On Q3 Production, Sets Positive Tone About Organic Growth
The leading global miner Rio Tinto missed Q3 production estimates but remains focused on expansion into critical and battery metals.
Australian Dollar Reaches 19-Month High Boosted By Chinese Economic Stimulus And Weaker US Dollar
By RoboForex Analytical Department
Fortescue Announces $2.8B Electrification Deal, Chairman Claims 'Future Is Zero Emissions'
Fortescue Metals invests $2.8 billion in fleet electrification, firmly committed to green transition goals. This move sets them apart from competitors.
Copper M&A Frenzy Masks Greenfield Exploration Weakness: Is AI To Blame?
Mining companies turning to acquisitions instead of exploration due to cost and risk. Copper prices down but shortages predicted, prompting industry consolidation.
AUD/USD Reaches New Heights As Risk Sentiment Improves
By RoboForex Analytical Department
Cannabis Giant Tilray Expands Medical Marijuana Portfolio With Redecan Launch In Australia
Tilray Medical announced on Wednesday the launch of Redecan EU-GMP certified medical cannabis products in Australia.
After Feud With Elon Musk And Mark Zuckerberg, Australian PM Anthony Albanese Set To Ban Social Media For Children, Citing Health Concerns
Australia is set to introduce legislation aimed at banning children from using social media platforms, citing potential health risks.
Elon Musk To Unveil Reversible Seats In Tesla Robotaxis? 'No Longer A Driver Seat In The Vehicle'
Future Tesla vehicles could have reversible front seats, taking advantage of the autonomous vehicle capabilities and less requirements for consumers.
Trafigura Signs $400M Prepayment Deal With Mineral Resources
Trafigura client behind Mineral Resources' $400M prepayment deal for iron ore, ensuring stable supply chain for Trafigura. Iron ore market faces challenges.
AUD/USD Poised For Potential Rise Amid RBA's Cautious Stance
By RoboForex Analytical Department
South Australia Begins Review Of BHP's Major Copper Expansion
South Australian govt initiated app & assessment process for BHP's expansion of Olympic Dam copper smelter, boosting output & aligning with global energy transition. BHP's copper production expected to double by mid-2030s.
BHP Reports $13.7B Profits, Eyes Additional Copper Expansion
BHP dividend payouts for this period were slightly reduced to 74 cents per share, down from 80 cents the previous year.
What's Going On With Chevron Shares Thursday?
Chevron Corp shares rise after receiving GHG assessment permit in Australia. Plans to transfer 5% stake to GSC of Korea and invest $1B in India

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