Yesterday
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.
This Month
Trump’s Greenland takeover talks sends ASX-listed explorer soaring
Among the unintended consequences of the President-elect’s desire for the Danish territory has been renewed investor interest in rare earths hopeful Energy Transition Minerals.
Spotlight falls on outliers as miners embrace paid parental leave
Miners are sweetening benefits to attract female employees. Yet Macmahon, a major employer, is resisting paid time off for new parents.
December 2024
Australian graphite firms file US complaint against China
Novonix and Syrah Resources claim China is flooding the market with cheap graphite, and are urging US regulators to impose a 920 per cent tariff.
Tasmania’s huge Savage River project at risk as iron ore prices fall
Grange Resources, which is developing the mine near Burnie, said it could not fund the expansion at current and forecast prices for the commodity.
Investors sue US lithium miner over Rio Tinto’s $6.7b takeover
Three shareholders in Rio Tinto’s $6.7 billion takeover target Arcadium Lithium are suing the US company ahead of the transaction meeting next week.
- Exclusive
- Mining
Humble rock eclipses iron ore price as aluminium smelters shop around
Bauxite, which is essential to aluminium production, has hit a record price and surpassed the value of Australia’s number-one export for the first time.
Rio Tinto sinks $3.9b into Argentina lithium project
Rio Tinto has doubled down on its lithium bet with a big investment in its Rincon lithium brine project, months after agreeing to buy Arcadium Lithium.
Rio’s abandoned copper mine ‘life-threatening’ to Bougainville locals
The Panguna copper mine in Bougainville continues to generate toxic waste and may spark landslides that could kill people and cause lasting ecological damage.
You’re part of the growth problem, business leaders tell Chalmers
The bosses of BHP and Wesfarmers have called on Labor to overhaul the uncompetitive tax system and reverse changes to IR laws if it wants a private sector recovery.
China export ban a boon for local minerals producers
Officials in Beijing said they would immediately halt the sales of gallium, germanium, antimony, and other minerals to the US as a major trade war brews.
Rio Tinto outlines 40pc surge in copper as it pivots from iron ore
The mining giant told investors Australian iron ore would provide just over half of its future earnings, down significantly from its current dominant role.
- Updated
- Mining
Gold shines as Northern Star lobs $5b De Grey takeover
Analysts say the $5 billion offer is an opening shot in a potential bidding war as global uncertainty pushes gold to record highs and swells producers’ coffers.
November 2024
Embattled Ellison a no-show at MinRes-backed Delta AGM
Billionaire MinRes founder Chris Ellison avoided Delta Lithium’s shareholder meeting after quitting as chairman of the mining junior on Monday.
Investors scold Pilbara Minerals over CEO pay, diversity
US pension funds rebuked Pilbara Minerals at its AGM on Tuesday, criticising board diversity and CEO Dale Henderson’s bonus.
Regis Resources sues federal government over gold mine order
WA gold miner Regis Resources, whose $1 billion NSW project was derailed by a shock Indigenous heritage ruling, is challenging the decision.
October 2024
Gina Rinehart emerges as gas major as Hancock posts $5.6b profit
The country’s richest person’s private vehicle, Hancock Prospecting, boosted earnings as it shipped more iron ore from its big West Australian mines.
- Updated
- Mining
MinRes cuts hundreds of jobs and slows lithium mine construction
The disclosure of the job losses came at the same time as the company said it had sold gas assets to Gina Rinehart for $1.1 billion and closed an iron ore mine.
- Updated
Pilbara Minerals cuts lithium output, suspends plant
The miner is scaling back to endure the lithium price slump, cutting annual output and icing operations at its Ngungaju facility.
MinRes aware of claims against its billionaire founder for two years
The diversified miner has been investigating claims against its managing director Chris Ellison. It made the disclosure after questions from the ASX this week.