Today
Gold Road succumbs to $3.7b takeover from South African partner
Johannesburg-based Gold Fields will take full ownership of a highly profitable WA mine, as soaring gold prices fuel a flurry of buyouts.
This Month
Iluka CEO backs efforts to loosen China’s rare earths stranglehold
Tom O’Leary says Western governments had acknowledged ‘China’s monopoly’ by acting to secure their own sources of critical minerals.
Rio Tinto defeats activist hedge fund push to axe dual listing
The miner’s board has won its months-long battle with Palliser Capital after shareholders voted down its proposal.
Rox Resources launches $40m equity raise
New shares were being issued at 30¢ – a 16.7 per cent discount to the last close.
April
Aeris Resources gathers support for equity raising; Bells on ticket
The copper producer was looking for about $70 million in new equity and had hired Bell Potter Securities to oversee the deal.
MinRes rules out equity raise as debt mountain hits $5.4b
The diversified miner burnt through $300m of cash in three months, but its shares jumped as fears of a dilutive share placement were alleviated.
Resources minister hits back at Lynas criticism
Madeleine King has hit back at criticism from Lynas chief executive Amanda Lacaze over plans to create a critical minerals stockpile.
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.
Peninsula Energy has shareholders on edge
As one source puts it, potential suitors are waiting to see if Peninsula falls on both knees. It’s currently on one.
Gina Rinehart-backed Delta Lithium to spin out WA gold mine
The junior explorer will separate its gold assets into Ballard Mining and launch an IPO to take advantage of astronomical demand.
Lynas blasts Labor over critical minerals stockpile plan
Lynas CEO Amanda Lacaze has warned Labor’s critical minerals stockpile will be counterproductive and may damage Australia’s only rare earths producer.
Sign here! MinRes succession goes to petition
One of Chris Ellison’s most loyal associates launched an unlikely way to keep him at the embattled miner.
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.
Melbourne’s Datt Capital attempts board spill at NSW gold explorer
Sources said Datt’s primary gripe was that Koonenberry Gold’s management had rewarded themselves disproportionately before results of a major gold discovery.
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.
Mining lobby lends principal adviser to Dutton campaign
The Minerals Council of Australia’s Annabel Clunies-Ross has been seconded to the Liberal campaign.
Will uranium ever get its day in the sun?
It was one of the hottest trades of last year. Now the commodity has a new claim to fame – it dominates the list of most-shorted stocks.
MinRes loses the final member of its board ethics committee
Denise McComish’s abrupt exit follows the departure of Jacqueline McGill and Susie Corlett from the West Australian miner, which already had investors on edge.
Capricorn Metals chief stood down after aggravated assault charge
Paul Criddle pleaded not guilty in a Fremantle court a week ago, but shareholders were only informed on Tuesday afternoon when the gold miner told the ASX.
Hedge fund uses ‘independent journalist’ in fight with Rio Tinto
In the battle to unify Rio’s dual-company structure – or not – the fine print is doing some heavy lifting.
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.
Allied Gold $181m deal shopped to local investors
The deal comes after gold futures rose to a record high of more than $3350 an ounce on Wednesday.
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.
China’s Zijin Mining adds funds to Strickland’s coffers, takes stake
Zijin will invest $5 million to acquire 2.4 per cent of the West Australian gold and base metal explorer via a strategic placement launched on Thursday.
Super funds demand answers after MinRes board exodus
Susie Corlett and Jacqueline McGill have been critical of founder Chris Ellison, and their exit has raised questions about plans to overhaul governance.