This Month
BHP poised to strike mega water deal, turbocharging copper mining
A desalination plant agreement with the South Australian government would come as the miner grows more confident of boosting production at nearby operations.
- Peter Ker and Simon Evans
- Opinion
- Chanticleer
Forget nickel, BHP’s next big call is a test for Australia
BHP CEO Mike Henry’s next big call is on how to grow its copper business. He says Australia’s IR, tax and approvals policies could turn it away from Australia.
- James Thomson
Investors back copper as Metals Acquisition jumps on ASX debut
The copper miner’s oversubscribed initial public offering could augur “green shoots” for the struggling IPO market.
- Joshua Peach
- Opinion
- Chanticleer
A $325m copper IPO is something, but hold the champagne
It still takes something exceptional to raise $100m or more for an ASX listing. Copper miner Metals Acquisition was a cheap stock and had a trading history.
- Anthony Macdonald
Prices have slumped, but there’s no transition without these miners
Miners are pinning their future on metals needed for decarbonisation and many are snapping up assets around Australia.
- Peter Ker
Metals Acquisition Ltd gets its $300m; biggest IPO since Redox
The copper miner has finally secured its entry to the ASX boards.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Critical minerals
‘Is anyone going to pay’ for a green premium?
Resources Minister Madeleine King says she is determined to push Europeans to value “green premium” Australian critical minerals above cheaper rivals.
- Jacob Greber
January
Citi tips iron ore at $US150 on China hopes
Citi has doubled down on its iron ore forecast and has upgraded its copper forecasts after Beijing pledged further support for its struggling economy. Goldman is also bullish.
- Alex Gluyas
Metals Acquisition Limited pitches M&A plan ahead of $1.15b listing
At a $167 million market capitalisation, Aurelia is a minnow relative to Metals Acquisition Limited.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Investors turn to copper, gold and uranium amid battery metals rout
The collapse in battery metals has many investors fleeing nickel and lithium plays for safer waters. Here are the commodities fund managers have turned to in 2024.
- Joshua Peach
BHP names new iron ore and copper bosses
BHP has turned to familiar faces to run the iron ore operations in Western Australia that generate the lion’s share of its profits.
- Brad Thompson
$100b industry: Saudi Arabia seeks Aussie help to dig up desert
The kingdom wants to ramp up its mining industry at warp speed, and hopes Australian companies will get in on the action.
- Hans van Leeuwen
Copper developer Metals Acquisition Corp to raise $200m for ASX debut
A prospectus is expected in front of investors by the end of January.
- Sarah Thompson, Kanika Sood and Emma Rapaport
How a big new solar farm became a stranded asset
A perfectly good solar farm will be dismantled in 2024 just seven years after its high-profile launch. Bureaucrats insist it was a good use of taxpayers’ money.
- Peter Ker
December 2023
Sandfire Resources says sorry in Indigenous heritage row
The copper miner discovered the issue as it considered selling the De Grussa site in Western Australia. Those operations were closed earlier this year.
- Brad Thompson
BHP rules out return to Broken Hill as it passes on copper project buy
The miner inherited an option to acquire Havilah Resources’ Kalkaroo asset through its $9.6 billion purchase of OZ Minerals. It won’t take up those rights.
- Peter Ker
- Updated
- Critical minerals
Sacked CEO sues SolGold after boardroom stoush
BHP and Newmont’s struggling Ecuadorian copper play has hit more trouble, with former CEO Darryl Cuzzubbo filing a multimillion-dollar breach of contract claim.
- Updated
- Peter Ker
Rio seeks green tick for new copper mine in WA
Rio starts the approvals ball rolling on a WA mine it expects to produce copper and gold for the next 41 years.
- Brad Thompson
Evolution pays $720m for NSW copper and gold mine
The first big deal by an ASX-listed gold miner since Newmont’s Newcrest buy, the Northparkes mine raises the group’s exposure to copper to about 30 per cent.
- Brad Thompson
Copper play Metals Acquisition Corp set for ASX listing
The New York-listed miner will do its bit to solve the dearth of pure play copper assets on the ASX come February.
- Sarah Thompson, Kanika Sood and Emma Rapaport
