Business

A view of the Grasberg copper and gold mine near Timika, Papua province.

Freeport wants Rio's approval on Grasberg deal

Jakarta: US mining giant Freeport McMoRan has signalled it believes a breakthrough agreement allowing it to continue operating a massive gold and copper mine in Indonesia will win the approval of Rio Tinto.

Protests aren't like to let up after the NSW government paid off Shenhua for only part of its exploration licence.

Ex-state agronomists demand axing of Shenhua coal mine

Claims that Shenhua's restricted coal mining will avoid affecting the aquifers of the rich farmlands of the Liverpool Plains are "false and ignorant", former state and private agronomists have said in a letter to Premier Gladys Berejiklian.

Short tenure: Grant King will retire from the BHP board on August 31.

King on way out as BHP reshuffles its board

Corporate high-flyer Grant King will leave the board of mining giant BHP at the end of the month, deciding not to stand for election at its annual general meetings this year after his appointment six months ago sparked a backlash from some investors.

BHP chief executive officer Andrew Mackenzie.

'They went too hard' - BHP's retreat wins plaudits

BHP chief executive Andrew Mackenzie has pledged that the revitalised miner's plans would deliver "shareholder returns for decades to come", acknowledging that poor investment decisions had come at a cost.

Downstream of the Berrima Coal mine.

Berrima pollution a warning for other mines: scientist

The paucity of independent monitoring of waste water from coal mines in NSW is leaving communities exposed to decades of pollution, long after mining operations have ceased, Ian Wright, a leading water ecologist, said.

Billionaire Andrew Forrest could be counting on a yearly pay cheque of more than half a billion US dollars from 2018 if ...

It's payday for Fortescue shareholders

Fortescue's generosity to shareholders marks the final stage in its evolution from a highly speculative upstart to a mature company with reliable positive cash flow.

BHP's Mount Whaleback mine in Western Australia.

Focus shifts to miners as BHP, Fortescue report

A vast improvement in BHP's results for fiscal 2017 compared to the previous year is expected to be among the highlights of a frenetic few days of reporting season this week, as the focus shifts gear to mining.

Allegations of financial fraud against Adani has led to calls for the NAIF loan not to be awarded to the Carmichael mine ...

Adani accused of financial fraud in India

Mining company Adani has been accused of financial fraud in India, sparking calls for an almost $1 billion taxpayer-funded loan for its proposed Australian mine to be ruled out.

BHP chairman-elect Ken MacKenzie has the confidence of Elliott Management.

US investor keeps circling BHP, lifts ownership

Activist investor Elliott Management has racheted up the pressure on BHP, repeating its call for the mining giant to sell its US shale assets, as Elliott said it now owned 5 per cent of BHP's British shares.

Speculative buying has helped to boost raw materials including iron ore, and those gains may reverse as China's growth ...

Is this as good as it gets for iron ore?

Iron ore in the $US70s a tonne may be as good as it gets for some time. The metal "is just too plentiful" to sustain its recent price gains as China pares back its steel production, Citigroup reckons.

Elliott Management president Paul Singer.

Activist investor Elliott raises stake in BHP

Hedge fund Elliott Management has raised its stake in BHP Billiton to 5 per cent, stepping up a campaign to make the top global miner quit all or part of its petroleum business, boost returns and ditch its dual listing.

Clive Palmer speaks to media after his court appearance earlier this month.

Clive Palmer's 'habitually cavalier attitude' detailed

Queensland Nickel's government-appointed liquidators claim Clive Palmer has demonstrated a "habitually cavalier attitude" as a corporate director, evasiveness about his personal finances and an ability to move money out of Australia.