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    Companies

    Mining

    Today

    Energy Resources of Australia seeks upwards of $210m in equity raise

    ERA’s shares were halted ahead of market open on Monday.

    • 5 mins ago
    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Kristy-Lee Craker, managing director pf Ship Agency Services.

    Chris Ellison’s daughter earns millions for MinRes shipping work

    Mineral Resources requires ship owners carrying the group’s iron ore exports to use a shipping agent owned by the daughter of the chief executive, says Ownership Matters.

    • Neil Chenoweth

    Yesterday

    Australian Workers’ Union state secretary Brad Gandy.

    Pay rise guarantees sought by unions aiming to retake the Pilbara

    A union wish list outlined to BHP iron ore bosses includes guaranteed annual pay rises that keep up with inflation, a say in rosters and pay equity across all sites.

    • Brad Thompson
    Mount Gibson iron ore mine

    Iron ore miners’ pressure points in focus as commodity price wobbles

    Mineral Resources’ flagship iron ore mine made a profit of about $US8 a tonne of red dirt sold into the spot market on Friday.

    • Elouise Fowler
    Keen fisherman: Mineral Resources founder and managing director Chris Ellison.

    MinRes insto briefing sparked ASIC probe

    A packed briefing given to Morgan Stanley clients in July 2018 sparked a 7.6 per cent bump in Mineral Resources’ share price – and an ASIC investigation.

    • Updated
    • Myriam Robin
    Advertisement
    The 2492-carat diamond is the second-largest ever found, and could be worth as much as $US60 million.

    ‘The eagle has landed’: how the world’s second-largest diamond was found

    The 2492-carat gem could be worth more than what Lucara paid for De Beers’ share of the mine where the discovery was made.

    • Harry Dempsey
    Nearly 20 per cent of Australia’s annual exports is iron ore to China, which makes the steel mill statistics concerning.

    The number that should scare all Australians

    You couldn’t blame Australia’s large cap fund managers for booking a post-reporting season trip to China to see the steel situation for themselves.

    • Anthony Macdonald

    This Month

    Native title stoush stands in the way of BHP’s SA copper dream

    SA Supreme Court will next week hear a battle for control of the native title group that holds the key to BHP’s dream of expanding its Australian copper mines.

    • Peter Ker
     Mt Holland mine in WA owned by SQM in partnership with Wesfarmers has started production in the past 12 months.

    SQM warns of price barrier beyond lithium JV with Rinehart

    Lithium heavyweight SQM says new projects are not viable at today’s prices just months after joining a major WA acquisition and the start of production at the Mt Holland mine.

    • Peter Ker and Brad Thompson
    Stephen Galilee

    Meet the man fighting for our miners

    Minerals Council CEO Stephen Galilee is in a unique position of running a major lobby group as a long-time former Liberal Party staffer in a Labor state.

    • Kylar Loussikian
    Element Zero co-founder Michael Masterman.

    Element Zero co-founder recalls smooth flight with Fortescue top brass

    Michael Masterman says executives from the mining giant raised no concerns about his green iron technology when they spent hours together on a private plane.

    • Brad Thompson
    Newmont, the world’s top gold producer, is seeking to sell six mines including Havieron and Telfer in Western Australia.

    Newmont non-core asset sales pegged for end-year; Macquarie on board

    MacCap’s resources bankers are back on the tools, and soft soundings are under way.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Environment Minister Tanya Plibersek.

    Plibersek’s mine block alarms whole industry

    Regis Resources is cancelling its proposed gold project in NSW after the federal environment minister vetoed its site for a tailings dam.

    • Jennifer Hewett
    Northern Star Resources chief executive Stuart Tonkin.

    WA gold miner lashes Labor’s project vetoes

    Northern Star boss Stuart Tonkin says investment is at risk without a stable policy and approvals landscape.

    • Brad Thompson

    Japan’s ‘urgent’ $1.6b coal deal driven by Qld royalty storm

    The Japanese steel mill that bought 20 per cent of Whitehaven’s Blackwater coal mine says it was motivated by a fear higher royalties would curb supply.

    • Updated
    • Peter Ker
    Advertisement
    Environment Minister Tanya Plibersek claims a NSW mine can proceed despite her indigenous heritage call.

    Regis in $192m writedown after Plibersek call sinks gold mine

    Regis Resources slashes value of NSW mining project and withdraws ore reserve in fallout from Environment Minister Tanya Plibersek’s intervention.

    • Brad Thompson
    The site of Iluka’s planned rare earths refinery at Eneabba.

    Iluka to halt rare earths refinery unless Labor caves in on funding

    Iluka Resources says it won’t finish building a strategically important rare earths refinery unless the Albanese government comes up with more funding,

    • Brad Thompson
    The Trilogy Metals share price seems to mirror Donald Trump’s fortunes.

    This stock is a barometer of Donald Trump’s election chances

    A rollercoaster presidential campaign in the United States has taken shares in one copper explorer for a wild ride.

    • Peter Ker
    Element Zero co-founder Bart Kolodziejczyk.

    Fortescue counsel backs 22-day spying mission on Element Zero

    Private investigator reports were detailed but justified in seeking search and seizure orders, said Fortescue’s lawyer.

    • Brad Thompson

    Jabiluka uranium owner warns of Christmas cash crunch

    ERA has fully impaired the controversial Jabiluka deposit and will need to raise billions of dollars to complete rehabilitation of uranium mines near Kakadu.

    • Peter Ker