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Mark Wembridge

Today

Andrew Forrest is bidding for Red Hawk’s Blacksmith iron ore deposit, which could be linked up with Fortescue’s existing Pilbara infrastructure.

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.

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This Month

A railcar dumper at Rio Tinto’s Pilbara operations has been put out of action for a month after flooding by Cyclone Sean.

Rio Tinto warns of iron ore disruption from Pilbara cyclone

First quarter iron ore shipments will be lower after a WA cyclone dumps one month’s rain in 24 hours and floods port infrastructure.

Copper production at the Escondida mine in Chile hit a decade-high in the first half.

BHP copper output jumps as electrification era picks up pace

Soaring production at its Escondida operation in Chile has pushed up the mining giant’s first-half copper output, validating its bet on the hot metal.

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Greenland’s capital of Nuuk. The island has significant minerals deposits and is coveted by Donald Trump.

ASX-listed Greenland explorer targets $9m raise as US interest grows

Energy Transition Minerals is rattling the tin on the back of renewed focus on the Danish territory, and hopes to further its rare earths project on the island.

The Kwinana processing facility part-owned by IGO near Perth.

IGO warns of processing losses as lithium stockpile grows

The ASX-listed miner says the Kwinana plant it owns with a major Chinese group has fallen into the red after failing to find customers for its battery minerals.

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Wall Street giants are walking away from green finance groups.

Corporate climate action was sidelined in 2024. This year may be worse

ESG and green concerns became relative afterthoughts last year. A Trump presidency may push them further into the weeds.

Perth restaurant Coco’s, a favourite haunt of the city’s elite in the 1980s and ’90s is winding up.

Business lunch ‘must-go restaurant’ to close down after 35 years

Coco’s, which has hosted the likes of Alan Bond, Rene Rivkin and John Langford, will shut down after three-and-a-half decades, two resources super cycles and several busts.

Buying Glencore would give Rio a stake in the Collahuasi mine in Chile, one of the richest deposits, that the company has coveted for more than a decade.

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.

Stuart Nicholls has quit as chief executive of Strike Energy.

Strike Energy boss to exit after gas producer’s torrid year

The Perth Basin explorer and developer has commissioned a strategic review of its business overseen by the company’s deputy chairman, Nev Power.

Arafura Rare Earths boss Darryl Cuzzubbo.

Taxpayer bet on rare earths plant depends on ‘non-China premium’

Foreign customers are expected to pay more for critical minerals from Arafura Rare Earths – a gamble that has placed almost $1 billion of government funds on the line.

Global Lithium Resources has two WA operations, including its Manna project near Kalgoorlie.

Global Lithium chair rejects board revamp over foreign influence fears

Two directors have shut down an attempt by a rival to seize control of the WA critical minerals explorer, pledging to vote against proposals at its delayed AGM.

Julie Bishop in 2019.

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.

Donald Trump has upeneded the rules for big business since his re-election in November.

Trump 2.0 has business racing to ditch diversity and climate goals

Corporates face a new reality – one where they stand to benefit immensely, as long as they don’t cross the White House. Australian companies are taking notice.

WA Premier Roger Cook and Prime Minister Anthony Albanese.

This year’s election gives miners a chance to flex their muscle

With plenty of marginal seats up for grabs, the road to power for both Labor and the Coalition could run through Western Australia, rather than western Sydney.

Donald Trump jr (centre) arrived in Greenland to discuss the US purchasing the resource-rich island

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.

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Justine Passaportis is a senior legal counsel for Perentis who benefited from its parental leave policies.

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.

Australian hydrogen hopefuls have been encouraged by the programme of US tax credits.

Australian hydrogen hopefuls catch a break from US tax credit rules

Local proponents of the green fuel have been encouraged by the US government’s billions of dollars in tax credits which now come with fewer conditions attached.

Shadow treasurer Angus Taylor and  Treasurer Jim Chalmers.

‘Economic madness’: Chalmers slams push to scrap emissions reporting

Business groups have rejected a Coalition push to repeal laws requiring companies disclose their emissions, as the Treasurer warned it would create uncertainty.

One of Jervois’ cobalt projects under construction in Idaho.

AustralianSuper takes $100m hit from collapse of cobalt miner Jervois

The battery minerals play, which was once valued at more than $1 billion, will delist from the ASX and be taken private, rendering its equity worthless.

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Sustainably produced gold could attract a premium price in the future.

Five explorers riding the gold price boom

Five smaller ASX-listed miners are well-placed to take advantage of the precious metal’s soaring price.

Original URL: https://www.afr.com/by/mark-wembridge-p537py