Today
BHP’s plan to exit thermal coal is in doubt
BHP’s exit from thermal coal is looking less certain as record prices and shifting investor attitudes put the brakes on its planned retreat from the dirtiest fuel.
- Thomas Biesheuvel, Harry Brumpton and James Thornhill
Yesterday
Miners fear WA’s vax laws will stoke labour shortage
Miners fear a wave of resignations over WA’s mandatory vaccination laws could exacerbate labour shortages that have left some miners reporting staff turnover rates close to 50 per cent.
- Peter Ker
Global Lithium adds China’s CATL to its register
Pilbara explorer Global Lithium is poised to announce the entrance of Yibin Tianyi to its register, which is part-owned by major EV battery producer CATL.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
Gascoyne shareholders get buyer’s remorse over Firefly deal
A significant chunk of Gascoyne Resources shareholders want the company to dump its planned merger with Firefly and join with Westgold instead.
- Peter Ker
Record coal prices to trigger more deals, says Peabody
Boom coal prices are giving miners a cash and scrip war chest to get some long-awaited deals done, as bidders offer ‘ESG prices’ to those exiting.
- Peter Ker
October
Sanlam and Kerr Allan Financial take Panther Metals to market
Nickel, cobalt and gold play Panther Metals is set to take advantage of rising nickel prices, committing to a small-scale ASX listing.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
Evolution Capital, PAC Partners on board for Arizona Lithium raising
Arizona Lithium is tapping institutional investors for $12 million, with the funds set to go toward drilling, a pilot plant and research facility and more.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
Heritage talks stall Fortescue’s flight to quality
A new high-grade iron ore product was at the centre of FMG’s plan to curb price penalties on its ore. But Aboriginal heritage matters have stalled progress.
- Peter Ker
- Opinion
- Chanticleer
Fortescue stays focused as iron ore reality bites
The discount on Fortescue’s iron ore is increasing, but CEO Elizabeth Gaines says history shows this is cyclical, and the miner must focus on costs and building scale.
- James Thomson
Iron ore price penalties back to haunt Fortescue
The price penalties imposed on Fortescue’s iron ore rose for the third consecutive quarter and the trend looks set to get worse in the months ahead.
- Peter Ker
Energy crisis is a cautionary tale for coal underinvestment: Vaile
The former deputy prime minister says Whitehaven Coal will play its part towards net zero via its high-energy product.
- Peter Ker
Mineral Resources smashed by iron ore price penalties
The Pilbara iron ore division of Chris Ellison’s Mineral Resources has been pushed uncomfortably close to its break even point over the past three months.
- Peter Ker
Lithium rally brings Wodgina back to life
A restart of Australia’s second-biggest lithium mine has taken longer than expected and will now occur gradually to avoid flooding the market with supply.
- Peter Ker
Wrongful termination suit coming for Rio Tinto
Rio Tinto is going to pay Alan Davies a mountain of cash for wrongful termination.
- Joe Aston
Bellevue aims for gold with ‘green premium’
The aspiring gold miner will try to sell its gold at a premium to the benchmark price by ensuring that its mine in Western Australia has net zero emissions.
- Peter Ker
Bryan Frost-backed explorer 8AU raising $12m for IPO
A new explorer backed by mining industry veteran Bryan Frost is the latest resources company to enter the IPO circuit.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
New Century prepares to tackle infamous Tasmanian mine
The historic Mt Lyell copper and gold mine in Tasmania that helped create the famous moonscape around Queenstown looks set to get a new owner
- Peter Ker
Intrigue aplenty at deep-sea miner
Luckily for early investor Cadence Capital, it has already secured a hefty profit.
- Myriam Robin
Rio Tinto’s Alan Davies cleared by ASIC
ASIC has told the Rio executive dismissed over payments to a political adviser in Africa that there is insufficient evidence to take the matter further.
- Peter Ker
Black Mountain Energy fronts investors for $51m float
Black Mountain Energy is the latest resources business to front investors as part of an IPO roadshow this week.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
