The Canadian government has approved Anglo American acquisition of Teck Resources, helping to clear the way for the creation of a $50 billion ($75.2b) metals giant focused on copper mines in Chile and Peru.
Katharine Gemmell and Derek Decloet
John Van Der Wielen replaces former Rio Tinto boss Sam Walsh, who had chaired the mint’s Government-owed operating company, Gold Corporation, since 2019.
Sean Smith
South32 will mothball its Mozal Aluminium refining operations in Mozambique at a cost of $90 million after failing to land a deal that would ensure sustainable electricity prices with local authorities.
Simone Grogan
Perseus Mining has stuck to its guns by refusing to bump up a $2.1 billion takeover offer for Predictive Discovery, labelling a rival bid from Robex Resources as ‘inferior’.
Adrian Rauso
The outgoing chair of one of the world's biggest commercial explosives makers has pointed to the Bondi massacre as an example of the need to "contain" racism.
Staff Writers
Rio Tinto and its joint venture partners have approved feasibility studies and exploration work to develop phase one of the $20 billion Rhodes Ridge iron ore project near Newman.
Medallion Metals is raising $60 million so it can get started on realising the $138m Ravensthorpe gold project.
Neil Watkinson
Gorilla Gold Mines has piled on the ounces at the Comet Vale gold project north of Kalgoorlie-Boulder, announcing a 900 per cent increase in the mineral resource estimate.
A mining contractor has been fined $750,000 after a heavy diesel mechanic had his arm crushed at a Goldfields mine site in what was described as, ‘an accident waiting to happen.’
Sarah Crawford
Iron ore futures declined, after top buyer China announced it would introduce a licensing system on the export of certain steel products from next year.
Annie Lee
Two idle underground mines plus adjacent exploration ground is being packaged into a new corporate vehicle called Valiant Gold.
Andrew Forrest’s Fortescue will buy the rest of the shares it doesn’t already own in Peru-focused copper play Alta Copper in a cash deal that sets the scene for a long-term bet on the red metal.
The Windimurra mine, which was Australia’s only operational vanadium mine until it went up in smoke more than a decade ago, could soon get another life.
A definitive feasibility study estimates it will cost Medallion Metals just $138 million to develop the Ravensthorpe gold project by integrating the processing assets of IGO’s Forrestania operations.
A US mining giant has doubled their mining avoidance zone in a globally significant forest, taking more than 26,000ha off the chopping block — but conservationists aren’t celebrating yet.
Craig Duncan
Budding silver producer BMC Minerals has burst onto the Australian Securities Exchange carried by the tailwinds of all-time high precious metal prices that led to gains of 50¢ on its first trading day.
WA’s budding zero-emissions iron industry will guzzle up vast amounts of water if Fortescue’s need for an extra 60 Optus Stadiums’ worth of groundwater a year is anything to go by.
Contracting major Monadelphous has claimed it suffered loss and damages over allegedly ‘defective’ water transfer works completed by a subcontractor for major client BHP.
Westgold Resources has successfully fired the first high-grade stope at the Great Fingall mine in the Murchison, accessing virgin areas of the famous gold reef last mined more than a century ago.
Rising mining stocks powered the ASX’s performance on Thursday, despite the Australian sharemarket being unable to follow a strong lead-in from Wall Street.
Cameron Micallef
Mt Holland lithium mine partners Wesfarmers and Chile’s SQM have handed a massive mining services contract win to Iron Mine Contracting.
Daniel Newell
Predictive Discovery says the new deal with Canada’s Robex betters last week’s ‘superior’ offer by Perseus and was preferred by major institutional shareholders.
Sean Smith and Adrian Rauso
Astral Resources is raising $65 million as it advances the Mandilla gold project south of Kalgoorlie-Boulder toward a final investment decision.
The charter airline that took Mineral Resources’ planes to the skies has recorded a near quadrupling of net profit, but its lucrative earnings stream could soon dry up.
