As construction continues to boom, China's reliance on Australia's iron ore is unlikely to recede anytime soon.
As construction continues to boom, China's reliance on Australia's iron ore is unlikely to recede anytime soon.

Precious metals stocks shine in 2020

S&P Global

St Barbara prepares Gwalia comeback

Australian Mining
Strong demand for iron ore and copper saw BHP's underlying profit rise (ABC Pilbara: Laura Birch) (ABC Pilbara Laura Birch)
Strong demand for iron ore and copper saw BHP's underlying profit rise (ABC Pilbara: Laura Birch) (ABC Pilbara Laura Birch)

Saracen says sayonara to ASX

Australian Mining
US President Joe Biden warns China will "eat our lunch" if the US falls back on infrastructure. (Reuters: Tom Brenner)
US President Joe Biden warns China will "eat our lunch" if the US falls back on infrastructure. (Reuters: Tom Brenner)

CoalWire 355, February 4, 2021 - End Coal

End Coal
Welsh engineer Huw Wright moved to Mount Isa last year to work in the mine after his wife was employed as a surveyor. (ABC Rural: Eric Barker)
Welsh engineer Huw Wright moved to Mount Isa last year to work in the mine after his wife was employed as a surveyor. (ABC Rural: Eric Barker)
More than 500 million tonnes of iron ore was exported through Port Hedland in the 2019/20 financial year. (Supplied: Rio Tinto)
More than 500 million tonnes of iron ore was exported through Port Hedland in the 2019/20 financial year. (Supplied: Rio Tinto)
The volume of both domestic and international letters declined by at least 14 per cent in 2019-20.
The volume of both domestic and international letters declined by at least 14 per cent in 2019-20.
Ken McCorry has tried to cope with changing virus restrictions. (ABC: Chris Lewis)
Ken McCorry has tried to cope with changing virus restrictions. (ABC: Chris Lewis)
Australian motorists are benefiting from cheap petrol prices because of weak demand for oil globally. ((ABC News: Sue Lannin))
Australian motorists are benefiting from cheap petrol prices because of weak demand for oil globally. ((ABC News: Sue Lannin))
WA Treasurer Ben Wyatt says the state is expected to plunge into recession later this year as a result of coronavirus. (ABC News: Marcus Alborn)
WA Treasurer Ben Wyatt says the state is expected to plunge into recession later this year as a result of coronavirus. (ABC News: Marcus Alborn)

Futures Point To Bounce Back For Wall Street

Nasdaq
Closing down the mine earlier this month.
Closing down the mine earlier this month.
Jean-Sébastien Jacques, the chief executive of Rio Tinto Group, is expected to leave the company next year.
Jean-Sébastien Jacques, the chief executive of Rio Tinto Group, is expected to leave the company next year.
The rising iron ore price is expected to deliver WA higher than expected mining royalties. (Reuters: Tim Wimborne)
The rising iron ore price is expected to deliver WA higher than expected mining royalties. (Reuters: Tim Wimborne)
Iron ore exports hit record levels last financial year, with prices also near their peaks in Australian dollar terms. (ABC Rural: Eliza Wood)
Iron ore exports hit record levels last financial year, with prices also near their peaks in Australian dollar terms. (ABC Rural: Eliza Wood)
A record $27.1 billion infrastructure spend is the centrepiece of this year's budget. (ABC News: Hugh Sando)
A record $27.1 billion infrastructure spend is the centrepiece of this year's budget. (ABC News: Hugh Sando)
WA Treasurer Ben Wyatt speaks at a media conference at a building site in Piara Waters, Perth. June 7, 2020. (ABC News: James Carmody)
WA Treasurer Ben Wyatt speaks at a media conference at a building site in Piara Waters, Perth. June 7, 2020. (ABC News: James Carmody)
The Hoover Decline at Gwalia is named after the first mine manager (and future US president) Herbert Hoover. (ABC Goldfields-Esperance: Jarrod Lucas)
The Hoover Decline at Gwalia is named after the first mine manager (and future US president) Herbert Hoover. (ABC Goldfields-Esperance: Jarrod Lucas)
RBA Deputy Governor Guy Debelle told Senate estimates on Tuesday that Australia has effectively climbed out of a technical recession.
RBA Deputy Governor Guy Debelle told Senate estimates on Tuesday that Australia has effectively climbed out of a technical recession.
Big Bell is part of Westgold's Cue gold operations in WA's Murchison region. (Sourced: Westgold Resources/LinkedIn)
Big Bell is part of Westgold's Cue gold operations in WA's Murchison region. (Sourced: Westgold Resources/LinkedIn)
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