This Month
Nickel Industries’ stock slumps after major investor exits
About $600 million was wiped from Nickel Industries market cap after a major investor dumped stock and the Indonesian government proposed a hike in mining royalties.
Shareholders sue to stop ‘rushed’ bankruptcy of cobalt miner Jervois
Two small shareholders are suing collapsed cobalt miner Jervois Global in a Texas court to halt a winding up that will erase hundreds of millions of dollars of investor capital.
Five charts that explain the gender pay gap
Men taking up a disproportionate share of executive positions is a major driver of the disparity. These charts offer some interesting revelations.
Australia’s top-paying companies among worst pay gap culprits
A total of 24 companies pay their top-earning workers $1 million or more, but none of them have a neutral gender pay gap.
February
Yancoal to deploy $1.8b on M&A
Australia’s No. 2 coal miner plans to use its war chest from the coal boom to acquire assets, possibly overseas and beyond coal.
Lithium producer IGO plunges to $782m loss
The miner’s loss highlights Australia’s lithium refining struggles.
Fortescue faces $1.8b native title compensation claim
The claim escalates a long battle over Yindjibarndi lands, home to Fortescue’s Solomon iron ore hub.
Board drama as Global Lithium succumbs to ‘Chinese’ takeover
New leadership denies claims of covert foreign influence over the WA-based critical minerals group.
Pembroke secures $875m loan to double Queensland coal development
The privately held owner of a major Bowen Basin mine has secured the debt from international investors in a sign of renewed appetite to lend to the commodity.
Investors fear Chinese mine restart puts lithium resurgence in danger
CATL, the world’s largest electric vehicle battery manufacturer, is restarting its major Jiangxi operation, a move which could keep prices depressed.
January
IGO’s profit pain worsens as lithium stockpiles grow
The battery minerals producer posted a big loss in the last three months of 2024 amid a price slump and a drop in demand. It expects losses to continue.
Whitehaven sells more coal but supply depresses prices
Australia’s largest independent coal miner has fetched “disappointing” prices over the last quarter as the coal super-cycle fades.
Fortescue offers $254m for nearby Pilbara iron ore deposit
Billionaire Andrew Forrest’s Fortescue has secured the backing of deposit owner Red Hawk’s board with an all-cash offer.
Fortescue posts record tonnes as tariff threat hangs over iron ore
Shares in Australia’s top three iron ore miners have fallen since US President Donald Trump threatened to impose 10 per cent tariffs on China.
Liontown Resources beats expectations amid lithium rout
Lithium miners have struggled through a bear market for the battery mineral, driven by weaker-than-expected sales of EVs and strong supply from new mines.
Rio Tinto-Glencore merger would surpass BHP in size
Combining the two businesses would form the world’s second-largest copper producer, in a land grab for the most in-demand metal of the electrification era.
Rio Tinto says China property market shows signs of ‘stabilising’
The mining giant believes demand for iron ore has peaked but remains healthy, and expects demand for the steel-making material will hold steady in 2025.
Queensland coal mine to boost output after legal hurdle overcome
New Hope will ramp up its New Acland mine after striking a legal deal around water use, ending more than a decade of litigation on the long-stalled project.
Julie Bishop hired to advise ASX-listed Greenland explorer
Energy Transition Minerals has become the latest mining client to join the former foreign minister’s consulting stable, which includes Mineral Resources.
Coal price slumps to three-year low as super-cycle fades
The commodity is now selling for 23 per cent less than it was only five months ago as a surge in global supply meets a warmer-than-usual northern summer.