Today
National Group flirts with US high-yield bond market amid sale, refi
Sources say a handful of Wall Street banks – Jefferies not included – have been gauging appetite for National Group to print a high-yield bond deal.
- 1 hr ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
Massive cost blowout could scupper Regis’ NSW gold mine hopes
The development will now need more than $1 billion to come online, leaving brokers warning that it may never get off the ground. Regis shares fell 4 per cent.
- Elouise Fowler
Yesterday
South32 CEO has $8m reasons to rue that cyclone
Can he secure his long-term incentives for the first time since FY16? It’d be easier if not for Cyclone Megan.
- Updated
- Myriam Robin
This Month
Bankers on the scene at PE-owned Queensland coal mine Olive Downs
Jefferies’ US-based resources bankers have been trying to line up buyers for a stake in Olive Downs, which will be housed in a new continuation fund.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Country’s largest lithium mine unveils bumper $6.3b profit
The result at Greenbushes, the West Australian mine owned by Albemarle, Tianqi and IGO Limited, comes despite a slide in prices for the metal in the last year.
- Brad Thompson
March
Resources exports to slump $117b by decade’s end
Profits and federal treasury’s coffers will suffer after record high prices for iron ore, coal and gas cool off, official forecasts indicate.
- Elouise Fowler
MinRes to auction lithium in quest for ‘real price transparency’
Chris Ellison’s Mineral Resources and New York-listed Albemarle sell lithium above spot price amid renewed efforts to make China-dominated market transparent
- Brad Thompson
- Opinion
- Chanticleer
Soul Patts’ Millner rails against secretive new laws
Two words are frightening senior Australian executives; few are willing to say them publicly. The words are “nature positive”.
- Anthony Macdonald
Mine prospecting booms among cashed-up explorers
Prospecting data shows the strongest December quarter since 2013, revealing a high appetite for risk in the market.
- Elouise Fowler
Gold stock insider trader jailed for nine months
Cameron Waugh has been handed down a two-year jail term with 15 months of the sentence suspended for his insider trading in gold stock Genesis Minerals.
- Brad Thompson
Canadian gold play FireFly in $52m cash call
Sources said the $247 million market cap company is seeking to raise fresh funds at a 10 per cent discount to its last traded price.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Pilbara Minerals mulls building lithium processing plant anywhere but China
The proposed joint facility with China’s Ganfeng, will be closely watched as one of the first big tests for Australian miners seeking US-allied government grants while in partnership with a Chinese company.
- Elouise Fowler
- Opinion
- Rare earths
Australia bets big on rare earths after China sparks panic
Western governments want to break China’s stranglehold on the processing of rare earths into metals and magnets vital for modern living and defence. Australia is key to that. Can it work?
- Jennifer Hewett
Perseus prevails in $270m bidding war over Tanzanian gold project
After seven months, the board of OreCorp has flipped its support and recommended shareholders back the takeover over a bid from Canada’s Silvercorp Metals.
- Updated
- Peter Ker
BHP’s Mike Henry argues Chinese steelmakers deserve a break
Big miners are facing pressure to detail their investments into green steel and reduce their scope three emissions. But Chinese smelters as a whole are more efficient than the EU’s.
- Ayesha de Kretser
Mining rock stars Beament and Finlayson face their reinvention tests
The divergent paths taken by Bill Beament and Raleigh Finlayson over the past two years sum up Australian mining’s green transition. Who’s on the right track?
- Peter Ker
Glencore abandons coal production cap as another climate pledge fails
Five years after it promised to cap annual coal production at 150 million tonnes, Glencore has withdrawn the policy.
- Peter Ker
Done deal: Tasmea IPO fast-tracked, deal underwritten
About $26 million of the IPO proceeds will go towards paying out selling shareholders, with $12 million marked for reducing leverage.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Clive Palmer reaps $447m in royalties from Chinese adversaries
Rich Lister Clive Palmer says he is confident of success with massive damages claim against the federal and WA governments, and will stand his ground in a separate legal dispute with one of China’s biggest conglomerates.
- Updated
- Brad Thompson
US pledges $1.28b for ASX rare earths stocks
Washington’s desire to break China’s stranglehold on the global rare earths industry has prompted it to pledge funding to two ASX rare earths aspirants.
- Peter Ker
