This Month
A-League’s Western United rescued by US investor
US-based Maciek Kaminiski will help the club progress its plans for a multipurpose development, including a new stadium in western Melbourne’s Tarneit.
Alcoa CEO pushes for nuclear and gas, says batteries can’t save smelters
Alcoa chief Bill Oplinger has distanced himself from Rio Tinto’s suggestion that aluminium smelters could run on a mix of renewables and batteries in the future.
April
Rio warns of ‘material uncertainty’ over Bell Bay smelter’s future
Despite six years of negotiations, the mining giant and Hydro Tasmania have not reached a deal over power supply for the aluminum operation beyond December.
Big mining’s decade of inflationary pressure is ending
Market updates from Fortescue, Whitehaven and Stanmore Coal suggest production costs at Australian mines are falling after almost a decade of inflation.
Ex-Socceroo star’s company pushed into liquidation
Steve Horvat has failed to convince creditors to accept a rescue deal for his company, despite rumours a big A-League payday is imminent.
Japanese firm set for haircut on NSW coal mine sale
A 32 per cent slump in coal prices in the state over the past year has come at the wrong time for Chugoku Electric as it tries to sell its stake in the Boggabri mine.
American billionaire raises Fortescue lawsuit stakes to $300m
Paul Tudor Jones has been pursuing the Forrest-backed mining giant over the failure of a joint venture to redevelop coal and gas power stations in the US.
Home games: a Socceroo, a subdivision and the unpaid super
A struggling plan to bankroll an A-League club with an ambitious residential development is emblematic of the financial challenges facing Australian soccer.
Taurus Funds lobs rescue plan for collapsed lead hopeful Abra Mining
The specialist resources lender, which is backed by Regal Partners, says it will also upgrade unsealed outback roads that contributed to the company’s failure.
BHP chief warns of ‘significant’ economic risks from tariffs
Mike Henry says China’s ability to ramp up domestic consumption will determine if Donald Trump’s levies will create a global economic downturn.
Trump’s critical minerals tariff probe boosts Aussie miners
Donald Trump could slap tariffs on Chinese rare earths and critical minerals to break Beijing’s dominance on key material for 21st century technology.
NSW backs BHP’s early coal mine closure
Decades of coal production will be kept in the ground after the NSW government backed BHP’s plan to shut a mine early and convert to clean energy generation.
Rio Tinto flags $150m hit amid decade low in iron ore exports
The four cyclones that hit the Pilbara iron ore district have left the miner with a significant repair bill and a weak start to the year, the company says.
ASIC hunts gold mining executives over Russia scandal
A Russian investor was issued millions of dollars of shares in an Australian gold miner without paying for them. Now ASIC is pursuing the executives responsible.
BHP says China demand for iron ore to remain strong for several years
BHP executive Rag Udd says growth in the production of electric vehicles and other machinery in China is supporting the country’s demand for iron ore.
Board fights and mass resignations: the battle splitting the nation’s geoscientists
A bitter struggle for control of a professional association is proving that diversity, equity and inclusion remains a lightening rod for controversy.
Glencore seeks taxpayer bailout for Queensland copper smelter and refinery
The Swiss mining giant warned its Mt Isa copper smelter and Townsville copper refinery in Queensland were struggling and required taxpayer support.
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
Multimillion-dollar Juukan Gorge remedy payments to remain secret
The charity regulator has granted the Indigenous foundation, set up after the destruction of the 46,000-year-old site, permission to redact its revenues.
BHP’s new chairman Ross McEwan meets investors, reads up on history
The former National Australia Bank chief executive has spent the last few weeks meeting investors and reading a profile of industrialist Essington Lewis.