Yesterday
Latest MinRes truck crash heaps more pressure on loss-making miner
A sixth jumbo road train has rolled on the critical haul network in WA’s Pilbara, raising questions over the miner’s ability to hit its shipment targets
This Month
Rio Tinto seeks as much as $14b for Arcadium Lithium buyout
A unit of the world’s second-biggest miner is looking to sell bonds in as many as eight parts, with the longest portion a 40-year note.
Short sellers feast on Tim Goyder’s fallen angels Chalice and Liontown
Goyder’s circa $10 million selldown at Chalice could fund a circa $100 million pro-rata rights issue at Liontown if – and it’s a big if – needs to raise cash.
Morgan Stanley gives up on lithium rebound as supply woes return
The US broker has walked back from its bullish December call that it’s safe for investors to re-enter the beaten up sector. At the time, its top pick was Mineral Resources, which has since dived 40 per cent.
Investors warn Rio Tinto executives to scrap billion-dollar issuance
Over dinner in Sydney last week, fund managers urged chief financial officer Peter Cunningham to ditch the plans to boost the Australian register.
February
Rio Tinto’s big equity-raising alert falls on deaf ears
The mining giant’s usually direct boss is thinking about raising equity. Investors are a bit dismissive. Are they overthinking it?
MinRes v the market: Ellison taken to the cliff edge
The mining magnate’s attempts to calm market fears resulted in MinRes shares cratering.
Lithium producer IGO plunges to $782m loss
The miner’s loss highlights Australia’s lithium refining struggles.
Wesfarmers boss: rate cut good for consumers but inflation persists
The Perth-headquartered conglomerate delivered better than expected profit for the first half of the financial year, powered by Kmart and Bunnings.
Board drama as Global Lithium succumbs to ‘Chinese’ takeover
New leadership denies claims of covert foreign influence over the WA-based critical minerals group.
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
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.
January
Liontown Resources beats expectations amid lithium rout
Lithium miners have struggled through a bear market for the battery mineral, driven by weaker-than-expected sales of EVs and strong supply from new mines.
IGO warns of processing losses as lithium stockpile grows
The ASX-listed miner says the Kwinana plant it owns with a major Chinese group has fallen into the red after failing to find customers for its battery minerals.
Ioneer gets $1.6b loan to build Nevada lithium mine
The Australian miner received the loan from the Biden administration to create the first new lithium mine in the US in almost 60 years.
Global Lithium chair rejects board revamp over foreign influence fears
Two directors have shut down an attempt by a rival to seize control of the WA critical minerals explorer, pledging to vote against proposals at its delayed AGM.
Spotlight falls on outliers as miners embrace paid parental leave
Miners are sweetening benefits to attract female employees. Yet Macmahon, a major employer, is resisting paid time off for new parents.
Resources fundies reveal top picks ahead of ‘stellar’ 2025
Some portfolio managers are chasing the elusive surge in copper stocks or braving the lithium sector, while others plan to ride the rally in bauxite and silver prices.
December 2024
ASX slips; Gold miners’ silver lining; China’s new stealth aircraft
Read everything that’s happened in the news so far today.
Inside Rio Tinto’s all out war to unlock Serbia’s lithium riches
The mining giant has been trying to develop the resource rich Jadar Valley for two decades. So why is it persisting in the face of intense opposition?