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    Mining

    Today

    Andrew Forrest is promising a leaner, meaner Fortescue. But who’s listening?

    Fortescue’s hydrogen back-flip fails to become sugar hit it should be

    One of the issues hanging over the miner is partly gone. So why aren’t fund managers jumping in? They may be more concerned by the company’s other big problems.

    • Anthony Macdonald

    This Month

    The likes of Rio Tinto are shipping plenty of Australian iron ore from the Pilbara, but what about the pipeline of new projects?

    Resources sector’s No.1 health indicator flashes red

    It’s good that Rio Tinto shipped 80 million tonnes of iron ore from the Pilbara in June, but think about what’s happening below the surface in Australian resources.

    • Anthony Macdonald
    Gina Rinehart’s Hancock Prospecting says there is a growing case to push forward with a $5 billion magnetite project.

    Rinehart boosts stake in $5b WA magnetite project linked to India

    Australian richest person, Gina Rinehart, is set to strengthen ties with India as the case for a new magnetite mine starts to stack up.

    • Brad Thompson

    IGO flags impairment in second wave of nickel pain sweeping WA

    There is no end in sight to the company’s nickel nightmare as it warns of a $275 million writedown on exploration assets.

    • Brad Thompson
    Liontown Resources boss Tony Ottaviano says Chinese lithium buyers can’t be ignored.

    Liontown stops holding out on sending lithium to China

    Liontown Resources will do deals with China after all, admitting it is impossible to ignore the world’s biggest buyer of lithium.

    • Brad Thompson
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    Tesla cars in front of the company’s plant in California. The carmaker has several supply agreements with Australian miners, including Liontown.

    Liontown lithium supply test of faith for Tesla after BHP nickel halt

    Nickel and lithium have had a rocky ride over the past 18 months. But the outlook cannot be wider for the biggest local players in each commodity.

    • Brad Thompson
    Carnegie is flanked by Ron Walker (left) and Lloyd Williams after a Hudson Conway annual general meeting.

    Tributes for Rod Carnegie, driving force for corporate nationalism

    Sir Rod Carnegie, who had a major influence over Australian mining, business and national economic policy in the 1980s, has died at the age of 91.

    • Andrew Clark
    Palace Hotel owner Ashok Parekh: “It just seems to me that in a market like this, the state and federal governments are not really seen to be doing much about it.”

    No cheers for politicians at Kalgoorlie pub as nickel work dries up

    The federal and WA governments are under the gun from people caught in the crossfire of BHP’s call to suspend nickel operations.

    • Brad Thompson and Tom Rabe
    The BHP nickel refinery at Kwinana.

    Glencore warns of nickel job losses unless labour costs controlled

    BHP’s decision to shut its nickel mines, smelter and refinery is already being felt across families, communities and other mining companies and businesses.

    • Brad Thompson, Tom Rabe and James Hall
    BHP’s Geraldine Slattery.

    BHP’s nickel blunder a timely reminder for Australia

    BHP wanted to profit from the EV boom by selling nickel to battery makers. It hasn’t worked, yet.

    • Anthony Macdonald
    BHP’s Nickel West mine in WA. BHP invested about $4.4b in the nickel business since 2020.

    BHP shuts nickel business to arrest losses

    BHP will suspend nickel mining after massive losses in a move that casts doubt over thousands of jobs in Western Australia and will inflame tensions with the Albanese government.

    • Brad Thompson and Tom Rabe
    Mauro Neves was supposed to be running an explosives maker that feeds the mining industry.

    Spilt milk everywhere as Incitec pivots, again

    We have another “deal yourself in, deal yourself out” situation. And it isn’t pretty.

    • Anthony Macdonald
    The open-pit copper mine at Prominent Hill, now owned by BHP. The mine’s future rests on underground expansion.

    BHP enlists OZ Minerals copper veteran amid cost blowout fears

    BHP’s mine manager has warned of cost and schedule challenges for a near $1 billion expansion project at the Prominent Hill copper mine.

    • Brad Thompson
    Fortescue executive chairman and founder Andrew Forrest.

    Forrest says he was kept in the dark about spying on ex-employees

    Fortescue’s executive chairman Andrew Forrest is considering sacking the company’s external lawyers who presided over the surveillance of former employees.

    • Brad Thompson
    Hastings is developing the Yangibana rare earths project in WA’s Gascoyne region.

    China magnet maker nabs stake in Forrest-backed rare earths play

    Chinese rare earths heavyweight JL Mag will get 9.8 per cent of Hastings Technology Metals in return for a $7 million investment.

    • Brad Thompson
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    AngloGold Ashanti’s CEO Alberto Calderon is a big believer in gold.

    South Africa open to deals – it’s all in the approach

    South Africa’s government will do deals, like the ones BHP would need to acquire Anglo American, but they need to be done discreetly.

    • Anthony Macdonald
    BHP has shown an appetite for established copper mines like Carrapateena in South Australia.

    Copper boss in swipe at BHP after $393m Indonesian-led takeover bid

    Indonesia’s billionaire Salim family has swooped on Australia’s biggest fully permitted copper project.

    • Brad Thompson
    Clive Palmer is involved in multiple legal battles with Chinese conglomerate CITIC.

    Palmer accuses CITIC of contract breach with 3000 jobs in balance

    The Chinese conglomerate has dismissed Clive Palmer’s claims as absurd in the latest twist in a bitter legal battle over an $18 billion WA mine.

    • Brad Thompson

    Fortescue green dream sullied by spying revelation

    Andrew Forrest is nowhere to be seen after the discovery that private investigators were hired by the company to spy on the families of former employees.

    • Brad Thompson
    BHP chief executive Mike Henry and the rest of the executive leadership team have limited short-term incentives for the company’s global workforce.

    BHP misses internal targets, docks incentives across global workforce

    BHP’s top brass has cut employee incentives around the globe based on failures to hit internal performance targets.

    • Brad Thompson

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