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Jim Chalmers’ rare intervention in the ownership of an ASX company is fascinating.

Chalmers sell-down order adds to crazy tale of rare earths intrigue

Treasury orders forcing Chinese interests to sell shares in Northern Minerals comes as Australia faces hard questions on Chinese involvement in our critical minerals sector.  

  • James Thomson
Kerry Stokes’ Seven West Media has demanded a 100 per cent price increase to continue printing The Australian Financial Review in Perth.

AFR will not walk away from WA

Political and business leaders in Western Australia say privately that Kerry Stokes has an unhealthy degree of media power in the state.

  • Updated
  • Michael Stutchbury
Roger Cook speaking at the dinner.

Perth’s high-flyers turn out to toast Financial Review’s Mining Summit

The state’s political and business leaders gathered at Perth’s Wildflower for the second The Australian Financial Review Mining Summit dinner.

  • Updated

Junior miners in ‘survival mode’ put consolidation on back burner

It is a tale of two worlds in mining as the smaller players cut costs while large miners like BHP eye more acquisitions to grow copper stocks.

  • Aaron Weinman

Major lithium miners push for a more reliable spot price

MinRes and Pilbara Minerals say a trading exchange would reduce volatility and make the battery commodity more attractive to commercial bank financing.

  • Elouise Fowler
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May

Ben Cleary says Anglo’s copper mine in Peru took 30 years to come to market.

The Anglo mine BHP craves explains why a deal boom is coming

Investors expect the growing demand for copper and the surging costs of building new mines will spark a frenzy of big mining deals, regardless of the outcome.

  • James Thomson
Arcadium’s Peter Coleman at the Summit on Wednesday: “You’ve just got to understand there is a coexistence that needs to occur.”

Lithium giant says China will remain pivotal to local mining projects

Local miners are torn between their dominant customer and investor over two decades, and the lure of subsidies from the US, Australia’s biggest defence ally.

  • Elouise Fowler
Sanjiv Manchanda at the Summit.

Hancock exec says Cook’s California dream may mean higher emissions

Magnetite projects fit perfectly into Australia’s green future but are hamstrung by insufficient power, water and regulatory fatigue, Sanjiv Manchanda said.

  • Vesna Poljak

Big China question hangs over Australia’s critical minerals sector

Geopolitical tensions between China and the West loom large over Australia’s critical minerals industry, and there are no easy answers.

  • James Thomson

Big miners split with smaller peers over tax credit ‘white elephants’

Minerals Council chief executive Tania Constable says the government should limit access to the $13.7 billion production tax credit to avoid funding unviable projects.

  • Peter Ker
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Several passengers were injured on a Singapore Airlines flight on Tuesday.

Injured Aussies could be compensated ‘millions’ by Singapore Airlines

Fifty-six Australians were on board the flight and eight were injured in the “severe turbulence”; Angus Taylor says “commercial viable” nuclear power industry won’t need subsidies. Here’s how the day unfolded.

  • Updated
  • Hannah Wootton
Resources Minister Madeleine King at the AFR Mining Summit in Perth on Wednesday.

King says BHP prioritised shareholder returns over nickel jobs

The miner has said it will decide whether to close its nickel business by August. The resources minister says there has been a decade of underinvestment.

  • Updated
  • Brad Thompson
WA1 boss Paul Savich has found a similar carbonatite resource to which Lynas mines at Mt Weld.

Inside the most promising critical minerals discovery in years

WA1 Resources has enjoyed a 108-fold increase in share price since floating in 2022 thanks to a discovery near the tiny remote community of Kiwirrkurra in WA.

  • Peter Ker
Resources Minister Madeleine King.

King accuses ‘anti-WA’ Dutton of jeopardising national security

Federal Resources Minister Madeleine King also accuses the opposition leader of stoking class warfare by opposing the government’s production tax credits for miners.

  • Tom Rabe

From euphoria to subsidies to kick-start the next great mining hopes

An Australian mining industry more used to being threatened by super-profit tax raids is being offered handouts to kick-start its way into the low carbon era.

  • The AFR View
WA Premier Roger Cook.

How we can take on Tesla, according to WA’s Roger Cook

WA Premier Roger Cook insists his state’s nickel crisis should not deter major miners from pushing ahead with higher social and environmental standards.

  • Tom Rabe
WA Premier Roger Cook.

Cook says magnetite will make WA the ‘California of Australia’

WA’s future in resources wasn’t just linked to battery minerals, but also to a different variety of iron ore largely overlooked by our mining industry: magnetite.

  • Tom Rabe
Luke Smith, portfolio manager from Australian Super is taking a punt on critical minerals.

AusSuper sets sights on becoming a global force in critical minerals

Australia’s largest industry super fund will step up its investment in battery metal lithium as it seeks to grow its $12 billion critical minerals fund.

  • Elouise Fowler

March

Liontown’s Kathleen Valley in Western Australia.

Lithium hopeful Liontown in $550m loan from banks, taxpayers

The new agreement will ease concerns over Liontown Resources after January’s spectacular loan withdrawal.

  • Peter Ker
Lynas Rare Earths boss Amanda Lacaze.

Lynas not standing still after mega-merger stalls

Lynas boss Amanda Lacaze missed out on a tie-up with a New York-listed rival aimed at challenging China’s dominance. What next for the rare earths player?

  • Brad Thompson
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Platts assessed the spodumene price at $870 per megatonne on February 28, steady for four trading days.

Global lithium producer signals price rout has ended

Chinese appetite for electric vehicles has outstripped expectations, boosting optimism of a lithium price rebound and spurring bets from investors.

  • Elouise Fowler

February

BHP cuts jobs.

BHP sheds jobs, axes white-collar teams in global reset

BHP rocked its workforce with a major restructure disbanding specialist teams and putting far greater responsibilities on its iron ore, coal, copper and nickel leaders.

  • Brad Thompson
Despite the low prices, SQM will continue to run at full capacity, building inventory to be ready when purchasing rebounds, Carlos Diaz, head of lithium, told analysts.

Surviving mining’s boom and bust

Price bubbles have burst and priorities have shifted, but a huge opportunity exists to shape a low-carbon future. What can the mining sector do differently?

Slowing sales in EV and over-supply in batteries in China will weigh on nickel and lithium.

More pain for nickel, lithium as supply deluge bites

Of the three key critical minerals, nickel has the darkest outlook because of cheap supply from Indonesia, but investors are backing copper as demand picks up.

  • Cecile Lefort
Alumina Limited CEO Mike Ferraro.

Alumina may need to raise capital if Alcoa deal fails

The takeover target slumped after it disclosed a $US150 million ($229 million) annual loss and Alcoa shares tumbled in New York.

  • Peter Ker

Original URL: https://www.afr.com/afrlive/mining-summit