Today
MinRes chairman’s private equity firm scores big cash gift
James McClements’ Resource Capital Funds was given a $116 million handout from Australia’s “green bank”.
- Mark Di Stefano
Yesterday
Rio Tinto says carbon price pain justifies action on emissions
Carbon pricing schemes in Australia and Quebec mean almost half of Rio’s emissions are subject to penalty and would soon cost $940 million per year if not tackled.
- Peter Ker
This Month
- Analysis
- Critical minerals
Taxpayers have just made a $1.65b bet on a rare earths green premium
It’s the recipient of the second-biggest government loan in history. For the Eneabba project to succeed, everything about how minerals are priced must change.
- Peter Ker
- Analysis
- AGM season
Wine, coffee and shortbread biscuits: Inside this year’s AGM season
“Why can’t you pay dividends in gold instead of cash?” one investor asked the mining company’s board. “I want to hang a chunk from a necklace.”
- Mark Wembridge
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
- Updated
- Critical minerals
Iluka lands $400m taxpayer loan to get rare earth refinery on track
But investors are worried that the cost of the Eneabba project in Western Australia will make it hard for the company to make a return once it is operational.
- Peter Ker and Tom Rabe
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
MinRes senior lawyers reach for the lifeboat
A second lawyer has left MinRes to help the company’s board within a board investigate Chris Ellison’s misdeeds.
- Mark Di Stefano
Rio Tinto rules out unification, mulls ASX share issuance
Rio Tinto boss Jakob Stausholm says he wants to bolster the Australian side of the dual-company structure, not unify it with the British side.
- Peter Ker
China export ban a boon for local minerals producers
Officials in Beijing said they would immediately halt the sales of gallium, germanium, antimony, and other minerals to the US as a major trade war brews.
- 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
Larvotto Resources fires $20m raise via AMCPS, Canaccord, Blue Ocean
New shares are priced at 52¢ – a 13 per cent discount to the last close.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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
- Updated
- Mining
Gold shines as Northern Star lobs $5b De Grey takeover
Analysts say the $5 billion offer is an opening shot in a potential bidding war as global uncertainty pushes gold to record highs and swells producers’ coffers.
- Mark Wembridge and Elouise Fowler
November
Andrew Ellison battles shareholders at AGM of MinRes subsidiary
Chris Ellison’s younger brother has been accused of mismanaging the flagship garnet mine of his company Resource Development Group.
- Mark Wembridge
Northern Minerals narrowly fends off mystery board appointment
The miner has avoided a relatively unknown director being elected, just weeks after Treasury flagged it could put new shareholders under the microscope over suspected links to China.
- Tom Rabe
- Opinion
- Chanticleer
How Rio and BHP got caught in a three-way Trump squeeze
Rio Tinto and BHP maintain their relations in Beijing, buddy up to the new team in Washington and try to protect their interests in Canada. But it could just work out for the pair.
- James Thomson
Strike Energy surprised by swift MinRes $1.1b gas sale
Gina Rinehart’s $1.1 billion buyout of MinRes’ WA onshore gas assets could delay a joint venture with Strike Energy, but highlighted the JV’s apparent discount.
- Mark Wembridge
WA unveils $150m lithium rescue package
The West Australian government has unveiled a $150 million rescue package for the state’s struggling lithium sector.
- Tom Rabe and Mark Wembridge
Forrest-backed miner counting on divine providence
“God has blessed us with this high-grade ore body,” Hastings Technology Metals’ Charles Lew told the company’s AGM in Perth.
- Myriam Robin
Embattled Ellison a no-show at MinRes-backed Delta AGM
Billionaire MinRes founder Chris Ellison avoided Delta Lithium’s shareholder meeting after quitting as chairman of the mining junior on Monday.
- Mark Wembridge and Elouise Fowler
How a mother-in-law helped keep this ASX miner afloat
Nickel Industries revenues have topped $2.7 billion, but early on some family help was needed to finance this Fast 100 company.
- Prashant Mehra
Investors scold Pilbara Minerals over CEO pay, diversity
US pension funds rebuked Pilbara Minerals at its AGM on Tuesday, criticising board diversity and CEO Dale Henderson’s bonus.
- Elouise Fowler
MinRes’ Chris Ellison cuts and runs
The embattled founder resigned from the board of Delta Lithium before he was due to front shareholders this week.
- Mark Di Stefano
- Opinion
- Chanticleer
Private credit will lick its lips over Peabody’s $3.2b bridge loan
We’ve seen this movie elsewhere in Australian coal: a miner buys mines, and funds the deal with a short-term loan. Enter private credit.
- Anthony Macdonald
