NewsBite

Peter Ker

This Month

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.

Metals X has decided to suspend operations at its Nifty copper mine.

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.

Rio Tinto chairman Dominic Barton has battled Palliser’s calls for unification.

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.

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 BHP chief executive Mike Henry with Ross McEwan, who takes over as chairman of the mining giant on Monday.

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.

John Aloisi’s soccer team plays on despite ATO audit

The Tax Office has been revealed as the applicant trying to wind up the parent companies of Australia’s highest ranked A-League club Western United.

Top-ranked A-League club Western United hits financial turbulence

Two companies that underpin the Melbourne soccer team face winding up motions from creditors, one of which has not been paid the $5000 it is owed for months.

Added to the wrong group chat? Happened to me too

It’s not the same as being texted secret American war plans, but I have been mistaken for an M&A counter-party twice in the past two years.

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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.

‘No compelling reason’ to support Rio Tinto unification: ACSI

Fund managers and the Australian Council of Superannuation Investors are against collapsing the mining group’s dual-listed structure.

‘Gone ballistic’: Soaring gold price revives mothballed mines

Towns like Coolgardie, population 850, are in the midst of a modern gold rush as investors and entrepreneurs scramble for a piece of the action.

Inside Duncan Saville’s billion-dollar Bermuda Triangle

A decade after the ATO hit the reclusive Australian investor with a $189 million tax bill and savaged his character, Canberra is rolling out the red carpet.

BHP believes the sheds and infrastructure at Mount Arthur will be valuable for an industrial user beyond mining.

BHP’s Mount Arthur closure plans face pushback from politicians, union

The massive thermal coal operation would be closed at the end of the decade under plans lodged by the resources giant, which wants to build a hydroelectric dam.

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Rio warns ASX-listed shares could slump 11pc if unification proceeds

Two influential governance advisers have backed a hedge fund-instigated vote that would force the miner to assess collapsing its dual-company structure.

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Minerals Council says tariffs will bring economic storm

Minerals Council chairman Andrew Michelmore says Australia must adapt to an era where trade is a “strategic weapon”.

New Hope soars on signs the worst is over for coal prices

Thermal coal prices may have slumped 77 per cent over the past two-and-a-half years, but New Hope defied the trend with higher volumes, profits and dividends.

Dominic Barton is Rio Tinto’s chairman. Glass Lewis said the mining giant’s board had not properly engaged with calls for a reconsideration of its dual-company structure.

Influential proxy adviser backs Rio Tinto’s London-listing vote

Glass Lewis has urged investors to back a review of the company’s structure, but noted unification will favour British over Australian shareholders.

Forrest family powerbroker had alleged role in big Fortescue decisions

Evidence provided by the ASX-listed miner’s executives to a US court suggests John Hartman was deeply involved in plans to move into the US energy market.

Andrew Ellison, Chris Ellison’s brother, at the Resource Development Group annual meeting last year.

Ellison-run garnet mine faces punishment over unsanctioned development

The Lucky Bay operations are already behind schedule, with WA officials finding six evaporation ponds were built without permission from authorities.

Original URL: https://www.afr.com/by/peter-ker-hveio