Yesterday
MinRes debt anxiety grows as lithium miners walloped by tariff fears
The company’s debt is trading at an increasing discount as investors fret about billions of dollars in loans far higher than its market capitalisation.
This Month
Bellevue misses gold boom as share uncertainty continues
A West Australian gold miner has failed to capitalise on record prices after low-quality ore prompts looming downgrade.
Gold boss gets 42pc pay rise, $4m in shares despite downgrade
A series of technical setbacks has forced Westgold Resources to cut its forecast for the amount of gold it will produce this year at a time of record high prices.
MinRes and Chris Ellison face class action over ‘misleading conduct’
The loss-making miner has rejected claims its share price was “artificially inflated by the company’s misconduct” and that investors suffered losses as a result.
Gold soars to $5000 in ‘once in 40-year gift’ for investors, fundies
The relentless rally has pushed the gold price almost 20 per cent higher this year, its best quarter since 1986. Money managers can see opportunities.
Norway’s sovereign wealth fund to vote against Rio Tinto unification
The huge fund intends to vote to keep Rio Tinto’s dual-listed structure, despite other shareholders supporting a bid to review it.
March
Mining exports to drop as commodity prices stagnate
Australia’s commodity exports are expected to fall almost 7 per cent, piling pressure on the government to cushion the impact ahead of the election.
MinRes facing Qantas-like negative hysteria, says L1’s Landau
Mark Landau has rejected suggestions that the indebted miner will be forced into an equity raising and has used the share price collapse to build up a stake.
Junior miners fearful after Chalmers ends tax break
The Treasurer did not extend tax perks for mineral exploration that have existed for the past seven years.
Gold Road chief executive lashes ‘aggressive’ $3.3b takeover bid
Duncan Gibbs said the proposal from South Africa’s Gold Fields, its partner in a West Australian mine, was priced too low.
Gold Road rejects $3.3b bid from South African rival Gold Fields
Unsolicited bid “part of the corporate dance” to pile pressure on Gold Road board, in a deal that would result in full control over the Gruyere joint venture gold mine in WA
Australia’s lithium dream is fading. Can tax breaks revive it?
The prime minister believes he can revive hopes of turning Australia into a minerals processing powerhouse. Is this anything other than wishful thinking?
Rio chairman takes aim at proxy adviser over London listing vote call
Two major governance firms are backing a review into the miner’s dual-company structure. A third, Ownership Matters, says it is against the move.
Haul road closure triggers billion dollar debt worries at MinRes
Workplace safety authorities are investigating the crucial link between the miner’s Pilbara iron ore operations and port, raising new questions about shipments.
Latest MinRes truck crash heaps more pressure on loss-making miner
A sixth jumbo road train has rolled on the critical haul network in WA’s Pilbara, raising questions over the miner’s ability to hit its shipment targets
Record gold price drives $4.2b Ramelius-Spartan merger
The precious metal’s record-breaking march beyond $US3000 an ounce has prompted another deal between two West Australian miners.
Timor-Leste hands most new mining licences to Australian groups
The developing nation is thought to hold deposits of copper, gold, zinc and manganese, as well as rare earths and other critical minerals.
Independent expert says Northern Star paying top dollar for gold rival
The soaring price of the precious metal, buoyed by global economic uncertainty, has allowed the local mining giant to build a big war chest and pay a premium.
Rio investor warns it faces a Brexit moment with London-listing vote
WaveStone Capital has almost $10 billion in assets under management and says a push to end the mining giant’s primary UK listing will only enrich bankers.
Rio pressured to drop UK primary listing despite $715m separation cost
Activist hedge fund Palliser Capital has stepped up pressure on the miner to abandon its dual structure with a report that suggested it was a net positive.