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Mining

Today

The former Cliff Head oil well in the Perth Basin is being repurposed as a carbon capture and storage facility.

Pilot Energy to raise capital amid offshore approach

Street Talk understands the ASX-listed company, which has been suspended from the bourse since December, will on Monday launch a $5 million capital raising.

Greatland Gold boss Shaun Day.

Greatland Gold taps broking trio for Aussie cross-listing

The Western Australia miner has appointed Bank of America, Barrenjoey Capital Partners and Canaccord Genuity to its broking lineup

This Month

Mark Creasy in Perth in 2019.

Rio Tinto and Mitsui target billionaire Creasy’s Pilbara iron ore

The giant miner and Japanese trading house have bid $75 million for the legendary prospector’s iron ore tenements.

Palliser Capital’s James Smith in the audience when holders of Rio’s London-listed stock voted on the hedge fund’s proposal.

Rio says Australian dividends at risk if investors back activist fund

ASX shareholders will vote on whether to force the miner to review its dual-company structure and end its primary London listing next month.

US President Donald Trump has been a longtime supporter of fossil fuels.

Australian exports safe from Trump’s ‘beautiful coal’ dream

The president’s push to reinvigorate the US coal industry will not seriously affect Australia dominance of exports to China, experts say, but prices are likely to fall further.

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Andrew Forrest speaks at the Perth Leadership Matters breakfast.

Australia’s biggest billionaire feud is over

The pair have been at loggerheads since 2022 over what Andrew Forrest claims was Kerry Stokes’ anger over mining trucks.

Federation was founded by long-time mining industry figures Jim Askew and Mark Le Messurier and is backed by AustralianSuper.

AustralianSuper-backed Federation Mining gears up for second half IPO

The New Zealand gold player, which is 90 per cent owned by AustralianSuper, has been talking to mid-tier brokers about a potential listing.

Dingo provides predictive maintenance and condition monitoring for heavy equipment.

Mining software biz Dingo calls in Lazard’s bankers

Sources said Dingo is being shopped with $US16 million revenue forecast for next financial year.

Chris Ellison at the MinRes 2024 AGM.

MinRes and Chris Ellison careening down its Fury Road

The Perth miner faces a labor shortage on its marquee iron ore project.

Peabody’s $6b deal to buy Anglo’s Queensland coal mines at risk

The American giant is reviewing its options after the second fire at a project – this time Moranbah North – in the portfolio in less than 12 months.

Donald Trump in the White House with coal miners on Tuesday.

Trump cites Australia in his ‘beautiful clean coal’ energy overhaul

US President and fossil fuel advocate Donald Trump has noted Australia’s sales to China when signing executive orders to turbocharge coal production.

Galan Lithium’s Argentinan projects are next to tenements owned by Rio Tinto.

Galan Lithium considers capital raising after knocking back bid

Galan is the 100 per cent owner of HMW, which – as it reminded investors at its half-year accounts – is next to the Fenix project owned by Arcadium Lithium.

Gold Road chief executive Duncan Gibbs.

Gold Road pushes for higher bid as mine study suggests vast riches

WA miner says scoping study suggests Gold Fields’ $3.3 billion bid undervalues prospects for the Gruyere joint venture.

Mineral Resources shares have have lost one-third of their value since last week.

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.

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.

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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.

Mining in Broken Hill commenced in 1883 and BHP was formed two years later.

Broken Hill Mines’ $94m reverse listing recut; offer upsized

Blue Ocean Equities has cobbled together a $20 million raising at 35¢ per share, representing a $94 million market capitalisation – nearly double the original size.

Gold is booming but Bellevue is not.

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.

Regime Change?

Moderated and curated by the experienced team of journalists, discover how Australia’s most influential mining leaders plan to seize trillion-dollar Australian minerals demand, navigate regime change, and secure long-term prosperity for the sector.

Rio Tinto is facing its own Brexit moment.

Rio Tinto’s agitator sneaks payment in the fine print

Who knew influencers had more transparency around sponsored content than investment researchers?

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.

Ken MacKenzie leaves BHP with the miner in very strong shape.

‘We’re going to miss the boat’: departing BHP chair’s warning for Australia

Ken MacKenzie leaves with the miner in a state of relatively rare stability. But he fears Australia is failing to seize its next big opportunity.

Westgold operates mines all over Western Australia.

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.

Mineral Resources founder Chris Ellison.

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.

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.

Original URL: https://www.afr.com/companies/mining