February 2024
Forrests forced to prop up struggling nickel business as prices slide
The billionaire family have tipped another $31 million into Mincor Resources, which was acquired off the ASX for more than $700 million last year.
- Peter Ker and Brad Thompson
September 2023
- Exclusive
- Rich List
Forrest empire exodus spreads with two more CEOs
Former Mincor chief executive Gabrielle Iwanow and Joost Heymeijer, the boss of the Forrest family’s hospitality and lifestyle arm, have departed.
- Brad Thompson
July 2023
Australia’s richest man walks into a nickel bar
Andrew Forrest is making a big bet on nickel for the second time in his career.
- Brad Thompson
Forrest makes a ‘whatever it takes’ bet on clean nickel
The billionaire is ready to double down on nickel after spending $760 million to secure Mincor. He wants to convince the market not all nickel is equal.
- Brad Thompson
- Opinion
- Chanticleer
Twiggy v the machines in Mincor Resources home straight
Andrew Forrest’s Wyloo has run into an unusual obstacle at Mincor Resources. Who said the stockpicking machines are getting smarter?
- Anthony Macdonald
April 2023
- Opinion
- Chanticleer
Forrest is just days away from control of Mincor
Andrew Forrest’s family company should get control of the nickel miner in days. The question is, what will BHP do about it?
- Anthony Macdonald
Forrest and IGO signal battery metals processing plant
The plan would take Australia further down the battery manufacturing value chain than ever before and is a kick in the shins for BHP.
- Peter Ker
BHP’s secret nickel clause provides Mincor termination rights
BHP has “change of control” rights to kill its nickel purchase agreement with Mincor, but the miner says Andrew Forrest’s takeover won’t trigger the secret clause.
- Peter Ker
Mincor board backs Forrest’s $760m takeover bid
Mincor directors unanimously recommended that shareholders accept the Wyloo offer without a rival suitor emerging.
- Brad Thompson
Forrest presses ahead with $760m Mincor Resources takeover offer
The billionaire’s Wyloo Metals says it won’t try to pull out of the deal despite its target disclosing that it was suffering product quality problems.
- Updated
- Brad Thompson
BHP’s secret Mincor Resources clause may protect supply from Forrest
The billionaire’s Wyloo Metals could find another surprise waiting inside the nickel producer if its $760 million takeover offer goes ahead.
- Peter Ker
March 2023
Mincor turnover spikes on fears Forrest could withdraw offer
Investors rushed to sell shares in the nickel miner into Andrew Forrest’s takeover before the billionaire has a chance to take the $760 million bid off the table.
- Peter Ker and Brad Thompson
Forrest’s bid for Mincor hit by BHP curveball
BHP has dealt its nickel supplier, Mincor, a big blow, raising doubts over Andrew Forrest’s willingness to pay $760m to acquire the junior miner.
- Peter Ker and Brad Thompson
Chalice puts for sale sign on big piece of nickel project
Nickel explorer Chalice is on the hunt for a mining and operating partner to help turn the growing battery minerals discovery into a mine.
- Brad Thompson
Forrest hits Mincor with a straight-to-investors bid; eyes on BHP
Andrew Forrest’s Wyloo is finally putting its 19.99 per cent stake in nickel play Mincor Resources to use, lobbing an on-market takeover bid on Tuesday morning that caught the target’s camp off guard.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
December 2022
Forrest takes stake in nickel miner to takeover brink
Billionaire Andrew Forrest has increased his hold on Mincor Resources as part of a big spending push into battery mineral and renewables assets.
- Brad Thompson
November 2022
OZ and BHP still locked in talks
Takeover talks between BHP and OZ Minerals dragged on longer than expected on Thursday.
- Peter Ker
February 2022
Mincor Resources tried and missed Western Areas
ASX-listed nickel explorer Mincor Resources made a push for Western Areas but backed out.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
November 2021
Buy, hold, sell: 29Metals, Mincor, Lynas, OZ Minerals, Iluka
Two fund managers discuss the ASX stocks leading the energy transition to a cleaner future.
Miners fear WA’s vax laws will stoke labour shortage
Miners fear a wave of resignations over WA’s mandatory vaccination laws could exacerbate labour shortages that have left some miners reporting staff turnover rates close to 50 per cent.
- Peter Ker