Speed up renewables switch: Rio chief
Rio Tinto boss Jakob Stausholm says Australia is not developing renewable energy sources fast enough to cope with the coming exit of coal.
Mining
Meeting vow as Rio royalty row drags on
A traditional owner group at the centre of an iron ore royalty underpayment dispute with Rio Tinto have rejected the mining giant’s latest settlement offer.
‘Insufficient’: Australia risks wasting billions
Australia’s $4.5bn Emissions Reduction Fund was set up to cut pollution, but a new report reveals it’s failing to do that – and even worse.
The bigger play behind Cannon-Brookes’ AGL raid
Mike Cannon-Brookes has narrowed his focus in the battle for AGL, taking a calculated move to buy him enough time to bring about an early exit from coal.
Rio faces royalty dispute grilling
Rio Tinto has always acknowledged it will take time to repair the damage caused by its destruction of Juukan Gorge. But two years on and major issues are still outstanding.
Newcrest optimistic despite weak result
Newcrest Mining has lifted its full-year guidance after buying Canadian miner Pretium Resources, but analysts say the company’s March quarter performance was weak.
Fortescue blowout could exceed $1.7bn
The mining giant has admitted to fresh problems at its Iron Bridge magnetite project in the Pilbara, warning of a hefty overrun to its original estimate.
Labour crisis deepens for miners
Labour shortages and workers sidelined by Covid-19 are a rising risk for the mining industry, clouding the ability of producers to make accurate forecasts.
Clive dragged into human rights battle
Clive Palmer’s fight for a Senate spot is running concurrently with a landmark human rights challenge to one of his proposed mining projects.
China fears trigger ASX bloodbath
The Australian sharemarket was in free fall on Tuesday morning due to worrying news out of China, with some of our biggest companies hurting badly.
LNP candidate’s bombshell answer
A candidate has cast doubt on Scott Morrison’s plan to cut emissions as the election contest heats up.
South32 wins pilot methane capture project
ASX-listed South32 will establish a new facility to tackle fugitive methane emissions at its Illawarra coal mine after receiving a $15m grant from the NSW government.
Loy Yang failure sparks demerger doubts for AGL
An untimely breakdown at AGL’s major Loy Yang A coal plant has caused concerns among analysts and investors ahead of a demerger decision.
Evolution urges migration boost to ease skills crisis
Evolution Mining chairman Jake Klein has backed calls for Australia to lift its skilled immigration intake to ease the growing skills crisis across the Australian resources sector.
AGL fault threatens Victoria’s winter power
The biggest power station in Victoria, which provides 30 per cent of the state’s power needs, may be without one of its four generation units until August 1.
Grim China warning for Aussie export
Bleak new modelling suggests the status of Australia’s second-biggest money spinner is under “imminent” threat from China.
Lessons from past put magnetite back in favour
The first generation of Australian magnetite projects cost billions and never quite delivered. Gina Rinehart’s interest in the magnetite revival suggests things will be different this time.
Gold to hydro plan a revolution for Evolution
A big hole in the ground is a rehabilitation liability for most miners, but renewable energy could turn Queensland’s ageing Mt Rawdon gold mine into Evolution’s most valuable asset.
IGO sweetens bid for Western Areas
The market has welcomed IGO’s improved $1.26bn bid for Western Areas, as shares in the nickel producer jumped to match the new bidding price on Monday.
Rusal hits back over alumina refinery ouster
Russian aluminium giant Rusal says it ‘disagrees’ with Rio Tinto’s decision to force it out of management decisions at Queensland Alumina.
‘Memory failure’: Shock admission in Palmer trial
Western Australia’s Attorney-General has blamed “memory failure” for mistakes made while he was under oath during a defamation trial.
Iluka wins $1bn loan for rare earth plant
Australia will get its first domestic rare earth refinery, with the federal government to back Iluka Resources’ Eneabba project with a cheap $1bn loan.
Beyond all the hype is a small, tough market
Cheap government money makes Iluka the clear winner in critical mineral hype. But it’s worth remembering that rare earths is a small market, and a tough place in which to make money.
‘Not a game’: Warning in McGowan case
A Federal Court judge in the defamation battle between billionaire Clive Palmer and WA Premier Mark McGowan has issued a stern warning.
Palmer calls in specialist Covid doctors
Clive Palmer called in a team of specialist doctors to help recover from Covid-19, declaring he likely “would have died” without their help.
Gold major ‘well prepared’ for Covid surge
WA should bring its Covid-19 isolation rules into line with the east coast to minimise the impact of opening state borders, according to Northern Star boss Stuart Tonkin.
Lynas charters ships to ensure deliveries
Lynas books record sales in the December quarter but still faces challenges getting its rare earth products to market.
Why opening WA won’t be good for all
Covid-19 staff shortages have already dented BHP’s iron ore and coal output in WA and Queensland, even before the west opens the border floodgates.
Aussie boom that could ‘vanish overnight’
The price of one of Australia’s biggest cash cows has gone up but the recovery might not be what it seems – and it could disappear overnight.
Covid warning at Northern Territory mine
South32 says it has detected a second case of Covid-19 at its Groote Eylandt manganese mine in the Northern Territory.
Sandfire seals $2.5bn Spanish copper play
Sandfire Resources has closed its $US1.87bn ($2.5bn) deal to acquire the Matsa copper mining complex in Spain.
Energy deals ‘the tip of the iceberg’
The $60bn megamergers that transformed the energy sector this year could be just the tip of the iceberg, analysts say.
Lithium merger frenzy for 2022
A rush of lithium mergers and acquisitions is on the horizon for 2022 after more than $8.3bn worth of deals were cut this year.
Analysts give cautious welcome to Rio lithium buy
A lithium pivot offers Rio growth options as the market heats up, analysts say.
Both sides claim victory at Beetaloo
A battle over one of Australia’s biggest untapped gas provinces has seen green groups trumpet a legal win even though ongoing drilling was given the green light.
ASX brings Syrah’s Tesla surge to a premature halt
No details, no trading – the ASX has halted the exchange of Syrah shares as it queries the details of a graphite deal with Elon Musk’s Tesla.
Twiggy beats off BHP for Canadian nickel play
Andrew Forrest has seen off an attempt by BHP to snatch control of an emerging nickel district in Canada.
Rio bets $2bn on lithium battery future
Rio Tinto has doubled down on its pivot to lithium, signalling it intends to become a significant player in the global battery market.
Miners power up as lithium prices hit new highs
Lithium prices will extend their record-breaking run, Macquarie Equities says, as it sharply upgraded its outlook to reflect strong electric vehicle sales volumes.
Reason for Twiggy’s beef with Facebook
Australian mining magnate Andrew ‘Twiggy’ Forrest is taking on social media giant Facebook over an issue that has angered him for years.
Miner looking to a golden future
St Barbara chief executive Craig Jetson has doubled down on his bet that the company’s 100-year-old operations near Leonora in WA are the key to the company’s future.
Daunting task for Rio chair
Does Rio Tinto really need a management consultant as the chairman of its board?
Canadian ambassador to chair Rio Tinto
Australian candidates have missed out for a second time as Rio Tinto taps former McKinsey executive as its new chair.
Aussie industry desperate for workers
Australian businesses in one industry are struggling to get back on their feet and are desperately calling out for workers.
Court backs controversial Qld coal mine
A Queensland court has sensationally backed a controversial coal mine, sparking a major vow from angry farmers.
Mining union chalks up win for Pilbara rail drivers
Shortened rosters introduced during the pandemic are at the heart of a tension between BHP and in-demand train drivers.
IGO’s $1.1bn nickel deal puts BHP in spotlight
BHP has been outbid in its pursuit for Canadian nickel explorer Noront Resources – will the mining giant start a bidding war in the WA nickel sector?
Forrest trumps BHP for Canadian nickel play
Andrew Forrest’s Wyloo Metals has thrown down extra cash in its bidding war with BHP for control of Noront Resources.
Shock resignation at mining giant
The head of one of Australia’s largest mining companies has announced their departure from the role.
BHP rules relaxed as restructure looms
BHP will be free to base a future finance boss overseas if shareholders vote in favour of sweeping changes to its corporate structure in January.
Original URL: https://www.adelaidenow.com.au/business/companies/mining/page/11