This Month
Rio Tinto defeats activist hedge fund push to axe dual listing
The miner’s board has won its months-long battle with Palliser Capital after shareholders voted down its proposal.
Rox Resources launches $40m equity raise
New shares were being issued at 30¢ – a 16.7 per cent discount to the last close.
April
Resources minister hits back at Lynas criticism
Madeleine King has hit back at criticism from Lynas chief executive Amanda Lacaze over plans to create a critical minerals stockpile.
Lynas blasts Labor over critical minerals stockpile plan
Lynas CEO Amanda Lacaze has warned Labor’s critical minerals stockpile will be counterproductive and may damage Australia’s only rare earths producer.
New battleground in critical minerals race is on Australia’s doorstep
The US under Donald Trump sees the ocean floor as a new frontier, making the Pacific Ocean’s mineral-rich seabed a new strategic flashpoint.
New deal could change how FIFO works in the Pilbara
Unions have achieved their shortest swing yet for fly-in-fly-out construction workers and say they will refuse to OK anything longer for the rest of the north-west.
MinRes loses the final member of its board ethics committee
Denise McComish’s abrupt exit follows the departure of Jacqueline McGill and Susie Corlett from the West Australian miner, which already had investors on edge.
Capricorn Metals chief stood down after aggravated assault charge
Paul Criddle pleaded not guilty in a Fremantle court a week ago, but shareholders were only informed on Tuesday afternoon when the gold miner told the ASX.
Zenith Energy down to three suitors; Morrison bows out
Gone from the scene is Trans-Tasman investor Morrison and bid-adviser JPMorgan, as well as the likes of Morgan Stanley Infrastructure Partners and BlackRock.
Taurus Funds lobs rescue plan for collapsed lead hopeful Abra Mining
The specialist resources lender, which is backed by Regal Partners, says it will also upgrade unsealed outback roads that contributed to the company’s failure.
NSW backs BHP’s early coal mine closure
Decades of coal production will be kept in the ground after the NSW government backed BHP’s plan to shut a mine early and convert to clean energy generation.
Evolution Mining pockets gold windfall as NSW mine life extended
The ASX-listed company’s margins are bulging after producing bullion for $1600 an ounce and then selling at more than three times that cost.
China’s economy – not tariffs – is the big risk to Australia
Despite the trade war, the iron ore price has barely blinked. But big global investors doubt that’s sustainable, and that means a big hit on our miners.
Australia should look past Trump’s theatre, says BHP’s man in US
Former NSW premier Dominic Perrottet says governments and companies are too distracted by short-term drama in America and are ignoring a fundamental shift.
Rio Tinto and Mitsui target billionaire Creasy’s Pilbara iron ore
The giant miner and Japanese trading house have bid $75 million for the legendary prospector’s iron ore tenements.
Rio says Australian dividends at risk if investors back activist fund
ASX shareholders will vote on whether to force the miner to review its dual-company structure and end its primary London listing next month.
Peabody’s $6b deal to buy Anglo’s Queensland coal mines at risk
The American giant is reviewing its options after the second fire at a project – this time Moranbah North – in the portfolio in less than 12 months.
Dutton rules out axing ‘same job, same pay’ laws
Business groups have condemned Labor’s IR changes but have stopped short of criticising the opposition leader for saying he will not repeal them.
Glencore seeks taxpayer bailout for Queensland copper smelter and refinery
The Swiss mining giant warned its Mt Isa copper smelter and Townsville copper refinery in Queensland were struggling and required taxpayer support.
MinRes and Chris Ellison face class action over ‘misleading conduct’
The loss-making miner has rejected claims its share price was “artificially inflated by the company’s misconduct” and that investors suffered losses as a result.