Today
Whitehaven urges NSW to keep hands off coal cash cow
Whitehaven will report a 15-fold increase in earnings but warned NSW politicians they could kill future investment if they match Queensland’s coal royalty raise.
- 35 mins ago
- Peter Ker
Soaring rare earths prices ease Lynas’ water problems
An unreliable water supply has once again hit Lynas’ Malaysian business, but the doubling of rare earths prices has papered over the cracks
- Peter Ker
Lithium giant’s link to slave labour region puts Tesla in spotlight
The deepening connection between Ganfeng Lithium and China’s controversial Xinjiang region is set to draw more scrutiny from investors and consumers.
- David Stringer and Annie Lee
Coal miners mull Queensland class action
Some members of the Queensland coal sector want to test the state’s new royalty regime in court, but others fear it will be a waste of time and effort.
- Peter Ker
Miners embark on tough reporting season as commodities slump
Investors have been warned to trim their exposure to the mining sector as iron ore’s slump to double figures underscored a broader commodity crunch.
- Peter Ker
This Month
- Opinion
- Chanticleer
China’s property, banking pain has iron ore in a bear squeeze
COVID-19 is slowing China’s economy and sparking crises in its property sector, weighing on iron ore prices just as the big miners see costs rise.
- Updated
- James Thomson
Rio bearish on global economy as costs rise, commodity prices slump
Rio’s profit margins are rapidly contracting, with production costs rising as another big commodity price slump pushes iron ore to the brink of double figures.
- Peter Ker
Queensland coal royalty increase will scare investors away: BHP
BHP Minerals Australia president Edgar Basto says the state government’s decision to increase coal royalties is a step backward that will damage future resource investments.
- Mark Ludlow
Taylor Collison launches Heavy Rare Earths IPO; cornerstones locked
Taylor Collison is towing WA explorer Heavy Rare Earths to the ASX boards, with its mining investors Martin Holland and David Hannon expected to top up their existing shareholdings.
- Jessica Sier, Sarah Thompson, Kanika Sood and Anthony Macdonald
China’s Tianqi Lithium slumps in biggest Hong Kong debut of 2022
Tianqi’s Hong Kong listing caps a major turnaround for the part owner of the Kwinana lithium refinery, after a debt crisis just two years ago.
- Filipe Pacheco and Annie Lee
English court gives green light for $8.8b class action against BHP
The claimaints have overturned the resources giant’s earlier victory in the long stoush over the 2015 Samarco dam disaster. The lawsuit can proceed, unless BHP appeals.
- Hans van Leeuwen
This CEO made $250m in lithium. Here’s where he’s investing next
Neometals CEO Chris Reed made just under $250 million from a $2 million dollar investment in lithium mining. Now he’s betting on an even bigger opportunity.
- Updated
- Peter Ker and Lap Phan
- Opinion
- Chanticleer
The Stock Swami case could be Twitter’s moment of truth
The social media giant is at the centre of a Sydney court case that could provide guidance on its role as a platform for those commenting on public companies.
- Tony Boyd
Russia weighs $88b metals merger as defence against sanctions
The initial proposal, which would create a company with a combined value of about $US60 billion – similar to Glencore – came from Rusal management.
- Reuters
WA nickel play Estrella Resources rattles tin for funding
Nickel play Estrella Resources is trying to make the most of a quiet time in equity markets,.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Lithium King’s $5b fortune under threat
Augusto Pinochet’s former son-in-law got rich with miner SQM, but scrutiny of the industry by Chile’s new government could threaten his recent windfall.
- Blake Schmidt and James Attwood
Guinea halts Simandou iron ore project, mulls talks with new partners
Rio Tinto’s Guinea subsidiary and Chinese-backed consortium Winning Consortium Simandou have shown a “lack of willingness” to work on a partnership, the mines minister said.
Stokes, Northern Star back Genesis Minerals’ consolidation strategy
Saracen Mineral 2.0’s up and running at Genesis Minerals.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Jacques warns miners could face ‘nightmare’ cost squeeze
Fading commodity prices and soaring costs could soon deliver a nightmare scenario for miners, according to former Rio boss Jean-Sebastien Jacques.
- Peter Ker
Genesis gets Dacian, St Barbara next target; $100m raising launches
Genesis Minerals has pulled the trigger on consolidation in Western Australia’s northern goldfields, starting with Dacian Gold and potentially moving on to St Barbara Mining.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
