Today
Whitehaven, New Hope and Bowen dig deep to revive coal lobbying
From t-shirts to right-wing campaign groups to its own lobbyists and new industry group, the coal industry is getting its mojo back.
- Hannah Wootton
Taxpayer cash revives $105m lithium refinery project
The Albanese government’s floundering plan to grow a domestic mineral processing industry has been boosted by the revival of a stalled lithium phosphate project
- Peter Ker
MinRes confirms Ellison exit, board rules no further penalties for MD
Mineral Resources’ embattled board has confirmed to shareholders that Chris Ellison will depart the miner.
- Mark Wembridge
Yesterday
- Updated
- Succession planning
BHP appoints former NAB boss Ross McEwan as its next chairman
He succeeds Ken MacKenzie, who had chaired the world’s biggest mining company for just over eight years, at the end of March.
- Peter Ker
- Opinion
- Chanticleer
BHP’s new Big Mac needs to find growth amid chaos
The transition from BHP chairman Ken MacKenzie to Ross McEwan will be very smooth, but the new boss will quickly find himself in some choppy waters.
- James Thomson
Fortescue board hires former HSBC boss Noel Quinn
The iron ore miner and hydrogen hopeful has recruited a second British establishment figure by bringing on the former banker as a non-executive director.
- Mark Wembridge
Chris Ellison begins paying his penalties to MinRes
The Mineral Resources founder was hit with a series of financial charges from the company over his activities over the course of a decade.
- Mark Di Stefano
Evolution Mining triples dividend as gold nears $US3000
The soaring price of the precious metal has almost quadrupled first half profit at the ASX-listed miner, which has rewarded investors with a chunky payout and is targeting copper deals.
- Mark Wembridge
This Month
- Opinion
- Indigenous
Why we stand up for our native title rights against Fortescue
With fair compensation for the impact of mining on our country, our people will be in a strong position to achieve even greater economic and cultural results in the decades to come.
- Michael Woodley
Pembroke secures $875m loan to double Queensland coal development
The privately held owner of a major Bowen Basin mine has secured the debt from international investors in a sign of renewed appetite to lend to the commodity.
- Elouise Fowler
BHP buoys uranium bulls with plans for small increase in production
Investors had feared the mining giant would create significantly more supply when it expanded production of copper in Olympic Dam. It says it will not.
- Peter Ker
Chris Ellison’s ally says the quiet part out loud
The managing director of Mineral Resources has been telling investors and anyone who’ll listen that he’s innocent.
- Mark Di Stefano
Investors fear Chinese mine restart puts lithium resurgence in danger
CATL, the world’s largest electric vehicle battery manufacturer, is restarting its major Jiangxi operation, a move which could keep prices depressed.
- Elouise Fowler
Rising small cap miners hit the road with NDRs amid gold price boom
Fund manager sources who spoke to Street Talk say they anticipate capital-raising activity will pick up this year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Truck crashes on MinRes’ iron ore haul road pile up
A fifth road train has rolled over on the private haul road network, two days after the miner dismissed the possibility of another accident.
- Mark Wembridge
Red-hot explorer Polymetals preps capital raising, taps Blue Ocean
Sources say Polymetals, the owner of the Endeavor silver-zinc-lead mine in the Cobar Basin region, is working with stockbroker Blue Ocean Equities on a raise.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Messages reveal Forrest blasting executives over ‘most stupid’ deal
The communications were released in court proceedings over a failed plan to buy coal plants in Ohio and West Virginia and run them on clean-burning hydrogen.
- Peter Ker
- Exclusive
- Carbon challenge
Adani lines up mega debt deal in litmus test for coal financing
The Indian conglomerate’s Abbot Point business had failed to refinance its maturing debt several times between 2020 and 2023 amid reluctance over fossil fuels.
- Peter Ker
At Fortescue, you really can ask the boss anything
A permanent ‘Ask-Us-Anything’ portal has prompted staff demands for everything from an office swimming pool to $100,000 cash prizes to more biscuits in kitchenettes.
- Hannah Wootton
Canada’s Orezone Gold, Discovery Silver flirt with Aussie IPOs
The Toronto-listed miner, which owns an open-pit mine in Burkina Faso, is exploring a secondary listing in Australia – as is fellow gold player Discovery Silver.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Fortescue heart-to-hearts make unionisation redundant: Forrest
Chairman Andrew Forrest reckons his staff are unlikely to unionise, as workplace reforms bring unions back into the nation’s most lucrative export industry.
- Primrose Riordan and Mark Wembridge
Homesick FIFO workers earning $190k stir talk of Pilbara unionisation
Sweeping industrial relations changes have inflamed fears among miners that the Pilbara will revert to its recalcitrant past. Unions want a seat at the table in the resource-rich region.
- Mark Wembridge and Tom Rabe
Expect more big global mining deals, says former Anglo American chief
Mark Cutifani says the world’s biggest miners are fighting for the attention of investors from less capital-intensive sectors such as technology.
- Peter Ker
January
Twiggy and Nicola Forrest’s Minderoo is sitting on billions
If charities are meant to spend their donations, why is Minderoo sitting on such a big pile of cash?
- Hannah Wootton
IGO’s profit pain worsens as lithium stockpiles grow
The battery minerals producer posted a big loss in the last three months of 2024 amid a price slump and a drop in demand. It expects losses to continue.
- Elouise Fowler