https://www.scmp.com/rss/522447/feed The latest news and top stories on Fortescue. A leading entity in the mining sector, Australia-based Fortescue, owned by billionaire Andrew Forrest, primarily specialises in iron ore production from Western Australia’s Pilbara region, serving global markets, notably China. Recognised as the world’s fourth-largest iron ore producer, Fortescue is increasingly focused on green energy and industrialisation, aiming for "real zero" emissions by 2030 through green hydrogen and renewable projects. This... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com SCMP Editorial SCMP Editorial Barely a month after Australia’s Labor Prime Minister Anthony Albanese visited China to improve relations put on ice by his Liberal predecessor, the Bank of China announced it was leading the country’s largest syndicated, yuan-denominated loan to a foreign firm. Perth-based Fortescue is the world’s fourth-largest iron ore producer and China has long been its best customer, so the loan, worth a record 14.2 billion yuan (US$1.98 billion), makes good sense. The diplomatic thaw is bearing fruit. But... https://www.scmp.com/opinion/comment/article/3322499/record-yuan-loan-australian-miner-makes-good-sense?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3322499/record-yuan-loan-australian-miner-makes-good-sense?utm_source=rss_feed Wed, 20 Aug 2025 22:45:06 +0000 Orange Wang Orange Wang China and Australia are ready to “move beyond” stabilising relations and aim for “more productive” economic cooperation, according to Beijing’s ambassador Xiao Qian. There could be a “closer alignment” between the Australian mining and Chinese manufacturing sectors through “joint exploration, technology sharing and capacity enhancement”, Xiao told a trade expo on Thursday. He said both countries had “highly compatible” development strategies and “can fully complement each other’s strengths,... https://www.scmp.com/news/china/diplomacy/article/3321898/china-and-australia-ready-more-productive-relationship-beijings-ambassador-says?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3321898/china-and-australia-ready-more-productive-relationship-beijings-ambassador-says?utm_source=rss_feed Thu, 14 Aug 2025 13:00:24 +0000 Kandy Wong Kandy Wong When Australian Prime Minister Anthony Albanese arrives in China next week for his second official visit, he will have more than the typical diplomatic niceties to discuss with President Xi Jinping. A major task on Albanese’s agenda, besides routine topics like trade, will be to explain his country’s stance on Chinese investment – in particular, addressing the controversy over the ownership and potential government-influenced sale of the Darwin Port – the Post has learned from sources with... https://www.scmp.com/economy/global-economy/article/3317184/australias-albanese-address-darwin-port-sale-china-visit?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3317184/australias-albanese-address-darwin-port-sale-china-visit?utm_source=rss_feed Mon, 07 Jul 2025 04:00:17 +0000