Today
EMR Capital puts Queensland’s Kestrel coal mine up for mega auction
The coking coal operation in the Bowen Basin is the sixth-largest in the country, and generated a profit of nearly $500 million in the last two years alone.
- Peter Ker
NSW enters critical minerals race with $250m scheme
The NSW government is boosting critical mineral explorers with up to $250 million in deferred royalty payments as part of its new strategy.
- Elouise Fowler
Yesterday
BHP sells iron ore at weakest price in four years amid quality fears
The fall has led the market to worry that the country’s largest mining company may have similar challenges to its Pilbara rival Rio Tinto.
- Peter Ker
Andrew and Nicola Forrest stand down as Minderoo Foundation co-chairs
The charity was founded in 2001 to direct the family’s philanthropic efforts. Former Melbourne University chancellor Allan Myer will take over as chairman.
- Tom Rabe and Peter Ker
This Month
Rio Tinto considers iron ore strategy shift
Rio Tinto is reviewing its iron ore product strategy after low-grade volumes accounted for 19 per cent of sales. Analysts say investors should be concerned.
- Updated
- Peter Ker
BHP gets fillip from Brazil as $70b UK class action looms
As the case against BHP over a 2015 mining disaster looms in London next Monday, a Brazilian court casts doubt on the law firm’s contracts with some clients.
- Hans van Leeuwen
Whitehaven accused of paying ‘overly generous’ bonuses
Whitehaven Coal and a big proxy adviser are at odds over a recommendation shareholders lob a second strike over executive pay.
- Peter Ker
West African explorer Turaco Gold in $35m placement
A term sheet sent to potential investors said the miner would use the proceeds to fund drilling, metallurgical test work and infrastructure at its Afema project in Cote d’Ivoire.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Rio Tinto to take control of Ranger uranium mine clean-up
A ruling has put an end to the long-running dispute over the site near Kakadu National Park in the Northern Territory.
- Elouise Fowler
Rare earths hopeful Astron Corp launches cash call
The equity raise comes after Astron tasked ICA Partners to secure debt for its Donald project, which will require $450 million to $490 million in capital expenditure.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Gina Rinehart’s portrait keeps getting younger
The country’s richest person looks to be on a mission to re-cast her image since the Namatjira controversy earlier this year.
- Mark Di Stefano
- Analysis
- Lithium
WA lithium miners get a Rio reality check, with a silver lining
When it looked past the raft of hard rock lithium miners in its own backyard, Rio Tinto made a big statement about the future of the lithium industry.
- Peter Ker
Allegro Funds rules off exit at drilling outfit JSW
Sources said the deal, led by Allegro managing director Jeffrey Largier, will see JSW trade to a consortium.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Rio Tinto’s Serbian lithium pain might be Argentina’s gain
After two decades of work to build a lithium and borates mine in Serbia, Rio Tinto has taken its billions elsewhere. Is this the end of Europe’s lithium dream?
- Peter Ker
- 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
Cash always king in Rio Tinto deals, which only fuels activist debate
A little less conversation, a little more action is needed if the miner is to win a perennial argument.
- Anthony Macdonald
Rio Tinto mulls share issuance after $9.9b lithium splurge
The iron ore giant insists that it can afford to buy Arcadium Lithium while spending on growth and paying dividends. But debt will reach an eight-year high.
- Peter Ker
Rio Tinto makes $9.9b bet on lithium comeback
Takeover target Arcadium Lithium says Rio Tinto’s offer to pay a 90 per cent premium reflects “full and fair” value amid a lithium bear market.
- Updated
- Peter Ker
- Opinion
- Chanticleer
Arcadium’s $10b takeover exposes brutal reality of listed life
A $15.7 billion merger one year, gone in a not-quite $10 billion takeover the next. Time frames are not always as long as we like to think in listed equities.
- Anthony Macdonald
- Opinion
- Chanticleer
Why Rio Tinto wants to be a new cornerstone for the lithium sector
Rio Tinto CEO Jakob Stausholm argues the miner’s long-term investment approach and sheer size can help stabilise the volatile lithium market.
- James Thomson
