Yesterday
Rio’s Indigenous trailblazer accuses green groups of exploitation
Former WA treasurer Ben Wyatt has blasted conservationists and activist investor groups he says are trying to exploit Aboriginal culture for their own agendas.
- Brad Thompson
The secret stoushes of a machinist-turned-millionaire
Mining chairman Craig Ransley has made millions and fought off criminal charges. But one little-known fight saw his own board hire PwC to investigate.
- Updated
- Liam Walsh and Natalia Santi
Ora Banda Mining taps Euroz Hartleys, Petra for placement
ASX-listed gold play Ora Banda Mining is on the hunt for an injection of fresh capital.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
Ben Wyatt to become Rio’s first Aboriginal director
Former WA treasurer Ben Wyatt will join Rio Tinto board as it heeds calls for indigenous representation in the state where it makes the lion’s share of earnings and is in damage control a year on from the destruction of Juukan Gorge.
- Brad Thompson
29Metals IPO ‘covered’ at $2.05; books close lunchtime
ASX aspirant 29Metals is homing in on pricing its initial public offering.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
This Month
Thermal coal prices soar on China demand, weak supply
Thermal coal prices have surged to a three-year high as Labor leader Anthony Albanese lunches with the nation’s biggest producers of the unfashionable commodity.
- Updated
- Peter Ker
- Opinion
- Chanticleer
Dirty thermal coal is doing an iron ore
Thermal coal is at 10-year highs, having climbed 150 per cent in nine months. That creates a conundrum for investors.
- James Thomson
Ellison stake in API wakes iron ore’s ‘sleeping giant’
A crucial domino has fallen in efforts to revive Australia’s biggest dormant iron ore project, with Rich Lister Chris Ellison buying into the project.
- Updated
- Peter Ker
Forrest commits to Ontario battery metals hub, First Nations jobs
Wyloo has made a suite of promises around downstream battery material production and First Nations jobs where it is fighting for control of a high-grade nickel project.
- Brad Thompson
May
Gaines sees little global iron ore production growth
Fortescue Metals Group chief executive Elizabeth Gaines tells the Australian Shareholders’ Association that market conditions point to continued strength in iron ore prices.
- Brad Thompson
PE investor cornerstones Pacgold IPO
Mining focused private equity firm Resource Capital Funds has committed to take up at least a quarter of gold play Pacgold’s initial public offering.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
Driver shortage threatens BHP iron ore exports
Australia’s ability to seize on high iron ore prices is being hampered by a skills shortage that recently left BHP without enough staff to meet iron ore targets.
- Peter Ker
BHP’s drinking ban outrages miners
The group’s corporate head office has been accused of double standards and treating miners like children.
- Tom Richardson
Palmer loses latest round to his Chinese foe and cash cow
CITIC Limited has scored a victory over the billionaire as they continue a long-running legal stoush over magnetite operations in WA’s iron ore-rich Pilbara.
- Brad Thompson
Fortescue’s Iron Bridge blowout may top $1b
FMG’s Elizabeth Gaines rejected suggestions mistakes were made on the Iron Bridge project despite blow outs on construction cost, schedule and operating costs
- Updated
- Peter Ker
29Metals talks about a $1.1b to $1.3b IPO valuation
It’s down to the nitty-gritty pricing discussions between fund managers and the IPO hopeful.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
ASIC probes alleged targeting of fake-coal whistleblower
New documents show alleged contraventions under investigation at a coal miner and lab outfit, amid a wider probe into manipulation of coal certificates.
- Liam Walsh
Teenagers fail to secure injunction against coal mine approval
Climate conscious teenagers have failed to secure an injunction to stop the Morrison government approving a coal mine expansion in NSW.
- Peter Ker
Biden looks to Australia, other allies for EV metals
Rather than permitting more US mines, Biden’s team is more focused on creating jobs that process minerals domestically into EV battery parts.
- Updated
- Ernest Scheyder and Trevor Hunnicutt
Lynas to spend on staff vaccines amid Malaysian surge
The Business Council says employers will gradually play a bigger role in Australia’s vaccine program as Lynas offers to fund vaccination of Malaysian staff.
- Peter Ker
