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Mining

Today

'Playing chess' with Clive Palmer

Timing is crucial in the battle between the WA government and the maverick billionaire.

  • Michael Pelly and Brad Thompson

Lynas now a serious global player

Lynas Corporation is positioning itself to become the world's largest Western supplier of rare earths to the US military. Its latest capital raising will fund a de-risking of the business.

  • Tony Boyd

Yesterday

Anglo coal boss defends safety record after mine explosion

Anglo American metallurgical coal chief executive Tyler Mitchelson said high gas readings had been a problem at the Grosvenor mine.

  • Mark Ludlow

WA to have its day in Qld court in $30b Palmer battle

The Queensland Supreme Court will hear WA's case against registration and enforcement of Clive Palmer's arbitration wins.

  • Brad Thompson and Michael Pelly

Lynas slumps to loss as it rattles the tin for $425m

The rare earths producer has been hit hard by COVID-19 and is looking to fund a new cracking and leaching plant.

  • Updated
  • Brad Thompson
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Introducing Deterra: UBS values Iluka royalty spin off at $2.4b

When mineral sands miner Iluka Resource handed down its half-year results on Friday, it revealed its planned royalty demerger was proceeding full steam ahead. 

  • Sarah Thompson, Anthony Macdonald and Tim Boyd

Terms out for Lynas' $425m placement and rights issue

Lynas Corporation has launched its mooted $425 million equity raising to fund the development of its rare earth processing facility in Kalgoorlie.

  • Sarah Thompson, Anthony Macdonald and Tim Boyd

Bulls praying for rain, bears say don't count on it

Bulls are telling investors to buy Incitec Pivot because it is showing green shoots of recovery, especially since the prospect of rain could encourage farmers to buy more fertiliser. But bears have cautioned investors against relying on the weather.

  • Elouise Fowler

This Month

Coal miner Coronado lines up backers at rock bottom price

It's coming up to four days off the boards for coal miner Coronado Global Resources but its mooted debt-tackling equity raising is tipped to launch this week.

  • Sarah Thompson, Anthony Macdonald and Tim Boyd

Rare earths play Lynas in $425m capital raise, two brokers hired

Lynas Corporation is set to unveil a $425 million capital raising when it hands down 2020 financial year earnings on Monday, Street Talk can reveal. 

  • Sarah Thompson, Anthony Macdonald and Tim Boyd

Gold boom prompts Newcrest to ponder Telfer extension

Australian gold miners are extending the life of their mines with the stroke of a pen by raising their gold price assumptions.

  • Peter Ker

WA on shaky ground in $30b battle with Palmer

Clive Palmer and the West Australian government are headed for a High Court showdown over mining tenements

  • Michael Pelly and Brad Thompson

Lynas hits green approval snag on new plant, waste storage plan

The regulator has suspended its decision-making time frame as Lynas races against the clock to build a new rare earths processing plant in Western Australia.

  • Brad Thompson

BHP tightens climate screws on lobby groups

Industry associations must advocate 'constructively' on climate policy and avoid contentious issues such as Kyoto carry-over credits if they want BHP as a member.

  • Peter Ker

Iluka forges ahead with rare earths plans

The mineral sands miner is set to begin producing ready-for-processing rare earths material and has raised the prospect of building its own plant in Australia.

  • Brad Thompson
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Iluka to pump up BHP safety cushion

Pandemic fallout prompts mineral sands miner Iluka Resources to re-think its stake in demerged iron ore royalties business.

  • Brad Thompson

Newcrest bumper profit comes with soft outlook

Newcrest Mining has posted its biggest profit in eight years, but warned its gold production will decline for the second consecutive year.

  • Peter Ker

Palmer claims WA snookered on $30b damages claim

Western Australia Attorney-General John Quigley has likened the legal moves and countermoves over a stalled iron ore mine to a complicated game of chess.

  • Brad Thompson

Evolution's record profit with a shot in the arm

The miner has revealed that the gold resource at its Canadian mine Red Lake is much higher than the market had expected.

  • Updated
  • Brad Thompson

ACSI slams Rio's 'unacceptable cultural and operational failures'

The collective for big superannuation funds says Rio's internal inquiry in Juukan Gorge should also consider company culture and board oversight.

  • Peter Ker