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Germany looks to speed up green hydrogen development in Australia

By Sonali Paul MELBOURNE, May 27 (Reuters) - Germany wants to speed up its green hydrogen work with Australia as the country's effort to ditch fossil fuels has become more urgent after Russia's invasion of Ukraine, Germany's research minister said on Friday. The Ukraine war, which Moscow calls a "special operation", has highlighted the reliance of
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China's iron ore import slump extends into April - customs

* April iron ore imports at 86.06 mln T, down 12.7% on year before * Jan-April imports at 354 mln T vs 381 mln T a year before * Steel exports at 4.98 mln T last month, imports at 0.96 mln T By Min Zhang and Dominique Patton BEIJING, May 9 (Reuters) - A slump in Chinese iron ore imports extended into April, as suppliers struggled with disruptions w
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Australian shares flat ahead of potential rate hikes

May 3 (Reuters) - Australian shares were flat on Tuesday, with investors cautious ahead of the central bank meeting and the prospect of an aggressive U.S. rate hike, while losses in gold stocks and miners partially offset a positive lead from the Wall Street. The S&P/ASX 200 index .AXJO was flat at 7,341.4 points, as of 0117 GMT. The benchmark clos
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Australian shares snap 5-day winning streak as miners fall

(Updates to close) By Navya Mittal April 22 (Reuters) - Australian shares fell after five straight sessions of gains on Friday, weighed down by mining and technology stocks, as sentiment was hit by concerns over demand weakness from top steel producer China and aggressive U.S. interest rate hikes. The S&P/ASX 200 index .AXJO declined 1.6% to 7,473.
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Iron ore may see structural shift on lack of new supply, decarbonisation: Russell

By Clyde Russell PERTH, March 30 (Reuters) - Much of the iron ore debate focuses on the outlook for demand in China but bubbling in the background are two factors likely to cause a structural shift in the market for the steel raw material - the lack of new supply and decarbonisation. What happens in China is the main driver of short- and medium-ter
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Germany's TES accelerates plan for gas import terminal

FRANKFURT, March 30 (Reuters) - Germany's Tree Energy Solutions (TES), backed by Belgian firm AtlasInvest, said on Wednesday it would accelerate plans for a gas import terminal to be built at the northern German port of Wilhelmshaven in partnership with E.ON EONGn.DE . It said it was bringing the project forward by about two years because of an ene
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Iron ore may see structural shift on lack of new supply, decarbonisation: Russell

(The opinions expressed here are those of the author, a columnist for Reuters) By Clyde Russell PERTH, March 30 (Reuters) - Much of the iron ore debate focuses on the outlook for demand in China but bubbling in the background are two factors likely to cause a structural shift in the market for the steel raw material - the lack of new supply and dec
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Australian billionaires put more money into $15 bln solar power export project

SYDNEY, March 14 (Reuters) - Australia's two richest men joined a A$210 million ($152 million) capital raising for an ambitious project to supply Singapore with solar power via an undersea cable, the company said on Monday. Private companies of Andrew Forrest, founder of iron ore giant Fortescue Metals Group Ltd FMG.AX , and Mike Cannon-Brookes, co
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Australia's central bank loses deputy to green energy group

SYDNEY, March 10 (Reuters) - Australia's central bank on Thursday said its deputy governor was leaving to take a position in a green energy group founded by the country's richest man, billionaire miner Andrew Forrest. In a surprise announcement, the Reserve Bank of Australia (RBA) said Deputy Governor Guy Debelle was resigning from the central bank
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Australia shares end week in black as commodities rally

* ASX 200 snaps five-day winning streak * Australian main index posts weekly gain * Mining and energy indexes week's top gainers (Updates to close) By Navya Mittal March 4 (Reuters) - Australia shares closed the week 1.6% firmer, underpinned by mining and energy stocks, as supply disruption fears spurred by the Ukraine-Russia crisis sent commodity
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BHP's iron ore profits show why Beijing wants to talk the price down: Russell

By Clyde Russell LAUNCESTON, Australia, Feb 17 (Reuters) - Tucked away on page 38 of BHP Group's 39-page presentation of its latest results is as good an explanation as any as to why China desperately wants to talk down the price of iron ore. Under the somewhat bland title of "Key underlying EDITDA sensitivities", BHP BHP.AX reveals that every $1 c
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BHP's iron ore profits show why Beijing wants to talk the price down: Russell

(The opinions expressed here are those of the author, a columnist for Reuters.) By Clyde Russell LAUNCESTON, Australia, Feb 17 (Reuters) - Tucked away on page 38 of BHP Group's 39-page presentation of its latest results is as good an explanation as any as to why China desperately wants to talk down the price of iron ore. Under the somewhat bland ti
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Australia shares sink on tech sell-off after U.S. inflation data; miners shine

Feb 11 (Reuters) - Australian shares lost ground on Friday as technology stocks were sold off after a hot U.S. inflation reading furthered the cause for a more aggressive approach to raising interest rates, while heavyweight miners limited losses. The S&P/ASX 200 index .AXJO fell 0.5% to 7,249.5 by 2328 GMT, snapping a three-day winning streak. The
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Rio's dreadful workplace report may boost cost of energy transition: Russell

(This is a repeat of an item issued on Monday) By Clyde Russell LAUNCESTON, Australia, Feb 7 (Reuters) - Rio Tinto's decision to go public with a self-damning report into its workplace culture should be a watershed moment for a wider mining industry aiming to be seen as the "good guys", helping to drive the world's energy transition. It was no doub
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Rio's dreadful workplace report may boost cost of energy transition: Russell

(The opinions expressed here are those of the author, a columnist for Reuters.) By Clyde Russell LAUNCESTON, Australia, Feb 7 (Reuters) - Rio Tinto's decision to go public with a self-damning report into its workplace culture should be a watershed moment for a wider mining industry aiming to be seen as the "good guys", helping to drive the world's
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Australian mining billionaire files lawsuit against Facebook over scam ads

By Renju Jose SYDNEY, Feb 3 (Reuters) - Iron ore magnate Andrew Forrest said on Thursday he is launching criminal proceedings against Meta Platform Inc's FB.O Facebook in an Australian court, alleging that it breached anti-money laundering laws and its platform is used to scam Australians. Forrest, Australia's richest man and chairman of Fortescue
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Iron ore rallies on Australia supply fears, China demand hopes: Russell

By Clyde Russell LAUNCESTON, Australia, Jan 27 (Reuters) - Iron ore is enjoying a rally built largely on two factors that have yet to eventuate, a renewed building boom in China and possible supply disruptions in top exporter Australia. The spot price of iron ore for delivery to north China MTIOQIN62=ARG , as assessed by commodity price reporting a
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Iron ore rallies on Australia supply fears, China demand hopes: Russell

(The opinions expressed here are those of the author, a columnist for Reuters.) By Clyde Russell LAUNCESTON, Australia, Jan 27 (Reuters) - Iron ore is enjoying a rally built largely on two factors that have yet to eventuate, a renewed building boom in China and possible supply disruptions in top exporter Australia. The spot price of iron ore for de
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Australia's Fortescue flags labour shortage as iron ore shipments rise

Jan 25 (Reuters) - Australian iron ore miner Fortescue Metals Group FMG.AX on Tuesday posted a 2% rise in second-quarter shipments, but flagged pressures from strong demand for labour and resources, as well as supply chain constraints due to the pandemic. The world's fourth-largest iron ore miner shipped 47.5 million tonnes (mt) of the steel-making
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Fortescue reports rise in shipments but flags labour shortage

Jan 25 (Reuters) - Fortescue Metals Group FMG.AX on Tuesday posted a 2% rise in second-quarter shipments, but warned of pressures from strong demand for labour and resources, as well as supply chain constraints due to the pandemic. The world's fourth-largest iron ore miner said it shipped 47.5 million tonnes (mt) of the steel-making commodity in th
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