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Mining

Yesterday

New Hope Coal CEO Rob Bishop says rival BHP should keep mining “huge reserves” at Mt Arthur, and keep paying royalties to NSW.

New Hope mounts bid for Anglo American coal mines

New Hope has warned the UK-listed miner that its asking price will need to be lower due to a devastating fire at one of the flagship mines.

  • Elouise Fowler

This Month

The Resolution Copper mine in Arizona.

US Supreme Court may consider appeal against Rio-BHP copper mine

Rio Tinto’s handling of the Juukan Gorge affair has been cited by Native Americans and other groups opposed to the development of a copper deposit in Arizona.

  • Matthew Cranston
The proposed  Woodhouse Colliery underground mine, developed by Australian-owned West Cumbria Mining.

High Court blow to Australia-backed coal mine in UK

Mining entrepreneur Owen Hegarty has spent a decade backing West Cumbria Mining’s controversial plan to mine coking coal in England. His bet is looking shaky.

  • Hans van Leeuwen
IGO is all-in on battery materials, but has set a high bar on purchases.

IGO boss rides lithium rollercoaster with the EV faithful

Large cap miner IGO is one of the faces of the critical metals rout. It’s hit its new CEO harder than most.

  • Anthony Macdonald
IGO chief Ivan Vella is putting his mark on the battery minerals producer.

Lithium will be a rollercoaster for the next 10 years, says IGO boss

Ivan Vella says his company will capitalise on extremely volatile prices for the battery material over the next decade and add a new mineral to its portfolio.

  • Peter Ker
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The BHP workers’ village atatched to the South Flank mine built at a cost of $US3.6 billion.

Union wants BHP to pay $10,000 annual bonuses to iron ore workers

The $10,000 retention bonus is part of a log of claims presented to BHP on Wednesday as unions seek to retake the Pilbara.

  • Brad Thompson

MinRes calls bottom on lithium as price pain spreads to China

Lithium stocks have bounced as rock-bottom prices finally take their toll on one of China’s biggest integrated miners and battery makers.

  • Brad Thompson, Elouise Fowler and Alex Gluyas
Mineral Resources boss Chris Ellison.

MinRes slashes worker conditions as it pockets $1.1b from asset sale

FIRB approval clears way for MinRes to sell down its stake in Onslow Iron haul road as it cuts costs with big changes to worker rosters.

  • Brad Thompson
Bank shares keep charging, particularly CBA’s. But fund managers are betting more on industrial companies.

ASX investors are stuck between a rock, CBA at $143, and a hard place

CBA shares above $140 and China’s wobbles have sent investors heading towards the ASX’s third bucket: industrials. That puts their management teams under pressure.

  • Anthony Macdonald
Australian Prime Minister Anthony Albanese greets Minerals Council of Australia CEO Tania Constable and Glencore head of coal Earl Melamed at a parliamentary dinner on Monday night.

Why Australia’s miners are so alarmed by Albanese

The powerhouse industry is aghast at the government’s policies on industrial relations and environmental changes and has broken diplomatic cover to say so.

  • Jennifer Hewett
Greg Lilleyman is standing down as a director of Global Lithium.

Global Lithium directors quit board averting fiery vote

Global Lithium directors Greg Lilleyman and Hayley Lawrance will resign as non-executive directors ahead of a contested shareholder vote to oust them.

  • Brad Thompson
Last year gold was Australia’s fourth largest export, after coal, iron ore and LNG.

Labor’s derailing the mining engine of Australia’s economic growth

The McPhillamys gold mine cancellation highlights the disconnect between the government’s agenda and the real world confronting the Australian resources sector.

  • Patrick Gibbons
Mineral Resources is investigating the cause of two truck rollovers at its Onslow Iron operations.

MinRes investigates jumbo iron ore road train rollovers

Chris Ellison’s Mineral Resources has been hit by two rollovers of fully loaded iron ore road trains as it races to finish a dedicated haul road.

  • Brad Thompson
Prime Minister Anthony Albanese says Australian miners can compete without compromising on pay and conditions.

You can compete with better wages and conditions, Albanese to tell miners

The prime minister will take a veiled swipe at the nation’s top mining executives in an address to the minerals industry at Parliament House on Monday.

  • Ronald Mizen
Prime Minister Anthony Albanese and Premier of Western Australia Roger Cook.

WA vows to keep heat on PM over green laws

WA Premier Roger Cook says his state won’t stop lobbying Canberra to water down environmental protection laws.

  • Tom Rabe
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Perseus wants to buy gold junior OreCorp.

ASX-listed gold miner places near $100 million bet on African project

Australia’s largest African-focused gold miner has increased its bet on a Guinean project, giving the company the option to lob a takeover.

  • Elouise Fowler
Ranger uranium mine rehab project in the Northern Territory

Uranium mine shareholders try to delay Rio Tinto capital raise

The Takeovers Panel confirmed two of the uranium miner’s shareholders are trying to delay an $880 million capital raise backed by major shareholder, Rio Tinto. 

  • Elouise Fowler
Paul Graves is the chief executive of Arcadium. He is warning about the sustainability of mines as lithium prices remain depressed.

Arcadium to mothball Mt Cattlin amid low lithium prices

The collapse in lithium prices has claimed its first major victim in Western Australia.

  • Elouise Fowler
Albemarle and Tianqi are set to appeal to the US government to exempt their huge Greenbushes mine from being designated under the foreign entity of concern rules.

The only profitable lithium mine in Australia revealed

Every Australian lithium mine is losing money except for the famously low-cost Greenbushes, which could withstand a deeper commodity price rout.

  • Elouise Fowler
Prime Minister Anthony Albanese and WA Premier Roger Cook pose with school children in Perth on Tuesday.

Miners sense ‘notable shift’ from Albanese during trip west

West Australian miners say Prime Minister Anthony Albanese’s 23rd visit to Perth has coincided with a major shift in attitude towards the state’s biggest industry.

  • Tom Rabe