ASX Announcements
Market Sensitive
Suspension from Official Quotation - Annual Listing Fees
Suspension from Official Quotation
- Aug 22, 2024
- 2 pages
April
Fears for 150 jobs as miner calls in administrators
Korda Mentha will try to sell the Abra lead and silver mine, raising doubts over the future of ASX-listed Galena Mining.
- Peter Ker
January
- Exclusive
- Mining
Forrest shuts WA mines as nickel dominoes tumble
Andrew Forrest faces another nickel nightmare as a price plunge triggers the shutdown of WA mines his private company Wyloo acquired for $760 million just six months ago.
- Brad Thompson
- Updated
- Critical minerals
Albemarle, BHP hit by collapse in battery mineral prices
The collapse in prices for battery minerals has forced the US lithium giant to cut a West Australian project. BHP warned its nickel division would not be immune.
- Updated
- Peter Ker and Tom Rabe
Australia is ‘no longer competitive’ in nickel: producer
Nickel Industries boss Justin Werner says the “unfortunate truth” is that this country’s miners are no longer competitive. His ASX-listed group operates in Indonesia.
- Brad Thompson
The eight mines most at risk of closure amid a battery metals slump
The boom in battery metal prices has turned to bust, prompting closure of high-cost Australian lithium and nickel operations. Could these be the next to shut?
- Peter Ker
Nickel miners brace for job losses after Panoramic ends production
The supply of the metal is expected to exceed demand by 239,000 tonnes this year as Indonesia ramps up operations, pushing prices significantly lower.
- Brad Thompson
Nickel miners sacked as WA mine halts operation
The price slump in the nickel market has claimed another victim as administrators called a halt to operation at the Panoramic mine in WA, and pressure builds on mines owned by BHP and Andrew Forrest.
- Brad Thompson
Nickel miner Panoramic saw writing on the wall
Nickel producer Panoramic Resources commissioned a report on shutting its flagship mine or slashing head office costs before its slide into voluntary administration.
- Brad Thompson
- Analysis
- Critical minerals
Why nickel could heal BHP’s rift with the Albanese government
Australia’s biggest company and the federal government spent 2023 feuding. Could they find common ground in 2024 around a loss-making, 51-year-old smelter?
- Peter Ker
December 2023
Struggling nickel sector ‘disappointed’ by critical minerals snub
Nickel bosses are dismayed at being left off the Albanese government’s critical minerals list when low prices have imperilled hundreds of jobs.
- Peter Ker and Brad Thompson
- Opinion
- Chanticleer
Battery metals sound good, they just don’t always work out that way
We need more nickel to fuel the energy transition, so why has one of the ASX’s pure play nickel mainstays gone under?
- Anthony Macdonald
Eyes on Forrest, IGO as nickel’s nightmare year claims Panoramic
A surfeit of Indonesian nickel and weather disruptions have forced a former takeover target into administration. Will a fire sale lure IGO or Andrew Forrest?
- Peter Ker and Brad Thompson
July 2023
IGO won’t invest in Panoramic Resources’ $40m raise; discount at 45.7pc
The nickel, copper and cobalt explorer’s largest shareholder won’t open its chequebook, Street Talk can reveal.
- Sarah Thompson, Kanika Sood and Emma Rapaport
September 2021
How to plug into the resources supercycle
The clean energy revolution is driving a tectonic shift away from fossil fuels and into battery minerals, sending share prices higher and leaving companies with a lot to live up to.
- William McInnes
August 2021
Forrest declares nickel war on BHP
Andrew Forrest will fight BHP over Noront Resources in Canada and is casting a big shadow over what could become a bidding war for WA nickel producer Western Areas.
- Updated
- Brad Thompson
December 2020
Short sellers target Western Areas’ nickel odyssey
Short sellers are betting that Western Areas will need to raise equity to complete construction of its next nickel mine.
- Peter Ker
May 2020
Sale of the New Century as Vale exits New Caledonia
New Century Resources and Vale have confirmed Street Talk's revelation that they were mulling a deal for a New Caledonia nickel mine.
- Peter Ker
Western Area grabs big stake in rival nickel miner
There's a fresh twist in the saga over the future of Zeta Resources, Andrew Forrest-backed nickel miner Panoramic Resources.
- Brad Thompson
April 2020
Panoramic drafts in Morgans, Canaccord for equity raising
The embattled nickel miner and processor is frantically working to cobble together a raising to repay its creditors and survive through the COVID-19 downturn.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
Panoramic shareholders brace for bitter pill
Shareholders in nickel miner and processor Panoramic Resources will be wistfully remembering the days when a $300 million-plus takeover offer was on the table.
- Sarah Thompson, Anthony Macdonald and Tim Boyd