Latest Iron Ore Operations News

Pearl Gull Iron Limited’s shares have been suspended from ASX trading following the sale of its main asset, the Cockatoo Island Project, as the company works to meet compliance requirements.

Fortescue Ltd has reported a record first half FY26 with iron ore shipments surpassing 100 million tonnes and a robust net profit after tax of US$1.9 billion, while advancing its ambitious decarbonisation and growth initiatives.

Rio Tinto reported solid 2025 results with an 8% increase in copper equivalent production and disciplined cost management, driving a 9% rise in underlying EBITDA to $25.4 billion. The company marked major project completions and maintained a strong dividend payout.

Champion Iron Limited has raised US$100 million through a private placement with La Caisse to help fund its proposed acquisition of Rana Gruber ASA. The deal signals a strategic push to expand Champion’s iron ore footprint in Quebec.

Gullewa Limited has increased its ownership in Central Iron Ore Limited to a controlling 70.5% by subscribing to a recent rights issue, acquiring over 23 million new shares.

Fenix Resources has reported record iron ore shipments and updated its FY26 guidance, unveiling ambitious plans to expand production to 10 million tonnes per annum by 2031 while extending mine life to 2042.

RocketDNA’s December quarter saw a robust 32% revenue jump, underpinned by new contracts with mining giants BHP and Anglo American, signalling strong momentum for 2026.

Rio Tinto delivered a standout 2025 with an 8% rise in copper equivalent production, record iron ore output in the Pilbara, and key milestones like the first shipment from Simandou port. The company met or exceeded its guidance while advancing major projects across its portfolio.

BHP has reported a robust operational half-year, setting new production records and raising its copper output forecast for FY26 amid strong commodity prices.

Monadelphous Group Limited has landed a significant five-year maintenance contract with Rio Tinto, reinforcing its long-standing presence in the Pilbara iron ore operations.

Magnetite Mines Limited has been granted a new exploration licence adjacent to its Ironback Hill rare earth element project, expanding its strategic footprint in South Australia’s Braemar Iron Region. The licence offers promising optionality for future rare earth exploration while the company maintains focus on its core iron ore development.

RocketDNA has secured approximately A$1 million in new orders from major mining clients, expanding its autonomous drone deployments and software services across Australia and Africa.