This Month
MinRes asks for gag order on former executive to be lifted
The request, agreed to by the Federal Court, means the company’s board can obtain its own advice and regulators can access previously confidential documents.
- Mark Di Stefano
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
Lithium bear market tipped to intensify in 2025
Bank of America has slashed its forecasts for the battery mineral and also warns that iron ore could fall to $US75 a tonne. But there is one commodity that the broker is tipping will go on a tear next year.
- Updated
- Alex Gluyas
ASX to test record as iron ore defies the bears
The local sharemarket is set to open within striking distance of another record high as iron ore continues its climb above $US100 a tonne.
- Alex Gluyas
November
Thyssenkrupp to cut 11,000 jobs at struggling steel unit
The layoff plan would shrink a business that has lost billions of euros to a global steel glut and rising energy prices.
- William Wilkes
MinRes investigates truck crash on Onslow haul road
Another truck has crashed on the road connecting MinRes’ new Onslow iron ore hub, which is critical source of income for the highly indebted miner.
- Peter Ker and Mark Wembridge
Ellison reveals ‘dark cloud’ in MinRes’ day of reckoning
The billionaire founder presented a mix of contrition and defiance over the company’s governance scandals at the shareholder meeting on Thursday.
- Mark Wembridge and Peter Ker
ASX investors are missing out on a global dividend boom
Income investors are being encouraged to look beyond the ASX for dividend growth as Australian companies reduced payouts in the August reporting season.
- Alex Gluyas
- Opinion
- Chanticleer
Why iron ore could fall 25pc next year (and it’s not Trump)
China’s struggling stimulus and strong production means the market for the steel-making ingredient will move further into oversupply next year. That’s bad news.
- James Thomson
Goldman reveals the best commodities to buy for 2025
The broker is among a growing chorus of banks tipping iron ore to remain below $US100 a tonne next year. Meanwhile, copper and gold are poised to rally.
- Updated
- Alex Gluyas
MinRes admits it failed to disclose related-party transactions
The West Australian miner says it cannot say why it did not tell shareholders, claiming the board would be “speculating” if it tried to give a reason.
- Mark Wembridge
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
Mining stocks whacked as iron ore slumps towards $US100
Shares in Fortescue dropped 7.3 per cent and BHP fell 4.1 per cent as China’s underwhelming stimulus package weighed on iron ore prices.
- Updated
- Alex Gluyas
- Opinion
- Chanticleer
The two reasons China’s new stimulus fizzer should worry Australia
China’s economy has been battling the three Ds – deflation, debt and demographics – for years, particularly in its busted property sector. Now there’s a fourth D: Donald Trump.
- James Thomson
Moody’s downgrades MinRes as big investors demand board overhaul
The credit ratings agency has cut the lithium and iron ore miner to negative, citing the “negative implications” of its governance issues.
- Mark Wembridge
October
Aurizon suspends Sanjeev Gupta’s iron ore rail service
Unpaid bills have forced the freight transportation provider to temporarily cut off the embattled Whyalla steelworks owner.
- Simon Evans
Chickenpox and faded flowers: BHP challenges size of $70b lawsuit
BHP alleges some of the 620,000 bids for compensation rest on spurious claims, as part of a courtroom push to cut back the English class action’s colossal size.
- Hans van Leeuwen
Sanjeev Gupta steps up cost-cutting at iron ore mines
A contracting business owned by the $1.7b ASX-listed NRW Holdings is squeezed as the UK industrialist scrambles to make savings to keep his empire afloat.
- Simon Evans
Sev.en Global checks out Sanjeev Gupta’s ailing European mills
Sources say Sev.en has run the numbers on a handful of mills in Liberty Steel’s European portfolio, especially Poland.
- Sarah Thompson, Kanika Sood and Emma Rapaport
‘Relentless pursuit of profits’: BHP lawsuit opens in London
The miner and class action lawyers Pogust Goodhead locked horns in court, but the protesters and TV crews gathered outside suggest a PR battle is also afoot.
- Updated
- Hans van Leeuwen
