This Month
Rio’s abandoned copper mine ‘life-threatening’ to Bougainville locals
The Panguna copper mine in Bougainville continues to generate toxic waste and may spark landslides that could kill people and cause lasting ecological damage.
- Elouise Fowler
Rio Tinto outlines 40pc surge in copper as it pivots from iron ore
The mining giant told investors Australian iron ore would provide just over half of its future earnings, down significantly from its current dominant role.
- Peter Ker and Elouise Fowler
Under pressure miners 29Metals, Titan Minerals launch equity raisings
The two copper miners were in front of investors on Tuesday seeking fresh funds, as their share prices continue to fall.
- Sarah Thompson, Kanika Sood and Emma Rapaport
November
Carnaby kicks off $15m raise to fund acquisition; Glencore cornerstone
Street Talk understands Euroz Hartleys was offering fund managers shares at 31¢ a piece.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Ex Glencore traders outmanoeuvre Swiss juggernaut at True North Copper
Stockbrokers Canaccord Genuity and Morgans have underwritten the deal which will see True North sell shares at a whopping 83.3 per cent discount to raise $50 million to $60 million.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Canadian miner Marimaca Copper taps advisers for ASX debut
The company’s Hayden Locke-led management team is yet to decide if it wants to raise fresh equity as part of the ASX listing or defer it to a later date.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Craving copper? $502m miner Marimaca preps ASX listing
Sources said CEO Hayden Locke has been encouraged by TSX-listed $C7.5 billion Capstone Copper’s ASX listing earlier this year and sees it as a template for Marimaca.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Copper drops below $US9000 as Citi slashes forecasts
The broker cut its price target by 10 per cent amid fears that higher US tariffs and underwhelming Chinese stimulus will delay a recovery in manufacturing.
- Updated
- Alex Gluyas
US mining legend Robert Friedland plots ASX listing
The billionaire businessman says he will list his iron ore assets in Australia next year and will use an IPO to fund acquisitions of local critical minerals projects.
- Peter Ker
Regal Funds-backed True North Copper in $60m equity recap
True North’s secured creditor Nebari Holdings, a mining credit fund co-founded by former Glencore traders Daniel Freuman and Clark Gillam, will be paid in cash and equity.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Rio Tinto racing to seal Mongolian copper deal
Rio Tinto is urgently pushing to acquire copper-rich tenements close to its Oyu Tolgoi mine in Mongolia to avoid a big slump in grades and volumes next year.
- Peter Ker
October
BHP’s Olympic Dam mine idle for a week after transmission outage
Transmission towers feeding power to the copper mine have been damaged by storms. Eight years ago, a similar outage cost it $137 million in the statewide blackout in South Australia.
- Simon Evans
- Analysis
- Mining
Acquisitive miners like Rio should remember size isn’t everything
Just because you own the world’s biggest resource of a critical mineral, doesn’t guarantee you can get it out of the ground profitably.
- Peter Ker
- Opinion
- Chanticleer
China fails to ‘feed the monster’ with stimulus fizzer
China’s initial failure to provide the sort of fiscal stimulus required to prop up its economy means investors need to rethink their emotional bets.
- James Thomson
Iron ore to hit $US120 if China ramps up stimulus
Citi believes iron ore and base metals are set to rally if China delivers a whopping 10 trillion yuan ($2.1 trillion) stimulus package that the market had been pricing in.
- Updated
- Alex Gluyas
Hancock scion looks to Arctic Circle for next big copper discovery
A company backed by John Hancock, grandson of Lang, has found copper grades of up to 64 per cent in far northern Canada.
- Tom Rabe and Peter Ker
September
Greatland Gold bound for ASX after Telfer deal
The top end of the ASX gold sector could get a shake up with the new owner of the Telfer mine, Greatland Gold, hoping to list within six months.
- Peter Ker
Iron ore drops below $US90 as China ‘contagion’ batters commodities
The growing risk of a US recession has compounded anxiety about China’s property crisis, escalating a collapse in raw material prices.
- Alex Gluyas
Copper’s mega-bulls are ‘throwing in the towel’
Once hailed as the decade’s best commodity bet, investors are being forced to temper their expectations following a near 20 per cent slump in prices.
- Alex Gluyas
August
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
