This Month
Craving copper? $502m miner Marimaca preps ASX listing
Sources said CEO Hayden Locke has been encouraged by TSX-listed $C7.5 billion Capstone Copper’s ASX listing earlier this year and sees it as a template for Marimaca.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Copper drops below $US9000 as Citi slashes forecasts
The broker cut its price target by 10 per cent amid fears that higher US tariffs and underwhelming Chinese stimulus will delay a recovery in manufacturing.
- Updated
- Alex Gluyas
US mining legend Robert Friedland plots ASX listing
The billionaire businessman says he will list his iron ore assets in Australia next year and will use an IPO to fund acquisitions of local critical minerals projects.
- Peter Ker
Regal Funds-backed True North Copper in $60m equity recap
True North’s secured creditor Nebari Holdings, a mining credit fund co-founded by former Glencore traders Daniel Freuman and Clark Gillam, will be paid in cash and equity.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Rio Tinto racing to seal Mongolian copper deal
Rio Tinto is urgently pushing to acquire copper-rich tenements close to its Oyu Tolgoi mine in Mongolia to avoid a big slump in grades and volumes next year.
- Peter Ker
October
BHP’s Olympic Dam mine idle for a week after transmission outage
Transmission towers feeding power to the copper mine have been damaged by storms. Eight years ago, a similar outage cost it $137 million in the statewide blackout in South Australia.
- Simon Evans
- Analysis
- Mining
Acquisitive miners like Rio should remember size isn’t everything
Just because you own the world’s biggest resource of a critical mineral, doesn’t guarantee you can get it out of the ground profitably.
- Peter Ker
- Opinion
- Chanticleer
China fails to ‘feed the monster’ with stimulus fizzer
China’s initial failure to provide the sort of fiscal stimulus required to prop up its economy means investors need to rethink their emotional bets.
- James Thomson
Iron ore to hit $US120 if China ramps up stimulus
Citi believes iron ore and base metals are set to rally if China delivers a whopping 10 trillion yuan ($2.1 trillion) stimulus package that the market had been pricing in.
- Updated
- Alex Gluyas
Hancock scion looks to Arctic Circle for next big copper discovery
A company backed by John Hancock, grandson of Lang, has found copper grades of up to 64 per cent in far northern Canada.
- Tom Rabe and Peter Ker
September
Greatland Gold bound for ASX after Telfer deal
The top end of the ASX gold sector could get a shake up with the new owner of the Telfer mine, Greatland Gold, hoping to list within six months.
- Peter Ker
Iron ore drops below $US90 as China ‘contagion’ batters commodities
The growing risk of a US recession has compounded anxiety about China’s property crisis, escalating a collapse in raw material prices.
- Alex Gluyas
Copper’s mega-bulls are ‘throwing in the towel’
Once hailed as the decade’s best commodity bet, investors are being forced to temper their expectations following a near 20 per cent slump in prices.
- Alex Gluyas
August
Native title stoush stands in the way of BHP’s SA copper dream
SA Supreme Court will next week hear a battle for control of the native title group that holds the key to BHP’s dream of expanding its Australian copper mines.
- Peter Ker
This stock is a barometer of Donald Trump’s election chances
A rollercoaster presidential campaign in the United States has taken shares in one copper explorer for a wild ride.
- Peter Ker
Strike at BHP-owned mine ends as workers win $48,000 bonus
BHP had previously offered a $US28,900 bonus per worker, compared with the union’s demand of 1 per cent of shareholder dividends from the mine.
- Updated
- Fabian Cambero
Strike hits BHP’s biggest copper mine
Workers walked off the job at the Escondida mine in Chile that produces about 5 per cent of the world’s mined copper.
- James Attwood
Rio Tinto prepared to sell stakes in Winu copper project
Rio Tinto wants to grow its copper division, but a sale process for WA’s Winu deposit shows it wants large, world-class assets.
- Peter Ker
BHP’s high-altitude copper bet shows guts, but glory isn’t guaranteed
BHP boss Mike Henry has demonstrated plenty of courage by following the Lundin family to the top of the Andes mountains. Will he be rewarded?
- Peter Ker
July
Why Rio Tinto wants a bigger presence in lithium and copper
‘I couldn’t care less about what the lithium price is in the next 12 months,’ says chief executive Jakob Stausholm.
- Updated
- Peter Ker