Today
Star’s Hard Rock mystery | What’s driving the Magnificent Seven? | BHP’s Anglo gamble
This week on the Chanticleer podcast, James and Anthony get to the bottom of Star’s Hard Rock mystery, look at what’s behind the Magnificent Seven rally, and wonder whether it will be third time lucky for BHP in its pursuit of Anglo American.
Lithium giant says Chinese partners should have access to tax credits
IGO’s Ivan Vella says Chinese investors who pioneered Australian critical minerals processing have earned the right to be included in Labor’s incentives.
- Brad Thompson
Engineering parts biz HMA Group seeks backer; $200m valuation tipped
The group, which sold $144 million worth of capital plant equipment to the likes of Glencore and Thiess last year, has sent PKF Corporate Finance on a hunt.
- Sarah Thompson, Kanika Sood and Emma Rapaport
BHP needs to put more on the table, says big Anglo investor
Fund manager Ninety One, the target company’s seventh-largest shareholder, would like to see a deal, but says BHP isn’t there yet.
- Hans van Leeuwen
Yesterday
Perth’s high-flyers turn out to toast Financial Review’s Mining Summit
The state’s political and business leaders gathered at Perth’s Wildflower for the second The Australian Financial Review Mining Summit dinner.
- Updated
Smart heads bet BHP’s Anglo American bid gets over finish line
The ball’s in Anglo American’s court, with BHP all but telling its target to “name your price, and we will see if we can match it”.
- Sarah Thompson, Kanika Sood and Emma Rapaport
BHP sticks to its guns as Anglo’s resistance softens
BHP says it has “made progress” on assuaging Anglo American directors’ concerns about the substance of its $75 billion takeover bid. BHP now has until May 29 to lob a binding offer.
- Updated
- Peter Ker
Dutton vows to cut mining approval times, open gas fields
Federal opposition leader Peter Dutton is in Perth to win back support from the WA mining industry, promising to cut approval times for new projects.
- Tom Rabe
Junior miners in ‘survival mode’ put consolidation on back burner
It is a tale of two worlds in mining as the smaller players cut costs while large miners like BHP eye more acquisitions to grow copper stocks.
- Aaron Weinman
- Opinion
- Chanticleer
Make no mistake, BHP’s Anglo dream is alive and kicking
Mike Henry has finally got what he always wanted – a chance to convince the Anglo American board of the merits of his deal. But he’s paid a hefty price to get here.
- Updated
- James Thomson
Major lithium miners push for a more reliable spot price
MinRes and Pilbara Minerals say a trading exchange would reduce volatility and make the battery commodity more attractive to commercial bank financing.
- Elouise Fowler
This Month
Anglo knocks back new $73.9b offer from BHP
BHP and Anglo American are a step closer to a deal after Anglo granted its Australian suitor seven extra days to make an improved offer.
- Peter Ker and Hans van Leeuwen
- Opinion
- Chanticleer
The Anglo mine BHP craves explains why a deal boom is coming
Investors expect the growing demand for copper and the surging costs of building new mines will spark a frenzy of big mining deals, regardless of the outcome.
- James Thomson
- Opinion
- Critical minerals
Critical mineral miners chase China’s tail
The sector has welcomed the 10 per cent production tax credits but the big question is where the additional investment to fund growth will come from.
- Jennifer Hewett
Lithium giant says China will remain pivotal to local mining projects
Local miners are torn between their dominant customer and investor over two decades, and the lure of subsidies from the US, Australia’s biggest defence ally.
- Elouise Fowler
Hancock exec says Cook’s California dream may mean higher emissions
Magnetite projects fit perfectly into Australia’s green future but are hamstrung by insufficient power, water and regulatory fatigue, Sanjiv Manchanda said.
- Vesna Poljak
- Opinion
- Chanticleer
Big China question hangs over Australia’s critical minerals sector
Geopolitical tensions between China and the West loom large over Australia’s critical minerals industry, and there are no easy answers.
- James Thomson
Big miners split with smaller peers over tax credit ‘white elephants’
Minerals Council chief executive Tania Constable says the government should limit access to the $13.7 billion production tax credit to avoid funding unviable projects.
- Peter Ker
- Updated
- Mining Summit
King says BHP prioritised shareholder returns over nickel jobs
The miner has said it will decide whether to close its nickel business by August. The resources minister says there has been a decade of underinvestment.
- Updated
- Brad Thompson
Inside the most promising critical minerals discovery in years
WA1 Resources has enjoyed a 108-fold increase in share price since floating in 2022 thanks to a discovery near the tiny remote community of Kiwirrkurra in WA.
- Peter Ker
