This Month
Gold bugs pop up at battery metals newbie Bellavista
Bellavista raised $6.5 million in an open/shut IPO. It lists next week.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Vanadium miner breaks market’s raising drought
It’s been a lean few weeks for stockbrokers’ corporate teams - but there may be light at the end of the tunnel.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Ukraine war spurs BHP to crunch the gears on Jansen potash project
Sanctions on Russia and Belarus, which account for 40 per cent of the resource’s global output, have widened the opportunity for the miner’s biggest plant.
- Hans van Leeuwen
Battered Chrysos in partial rebound on $109m in contracts
The gold mining testing disrupter had a partial ASX recovery with five new contracts for its big machines, after a torrid debut on May 6.
- Updated
- Simon Evans
WA peak mining body appoints CEO with no industry experience
WA’s peak resources lobby group has appointed Rebecca Tomkinson its next CEO, again shunning direct prior mining industry experience.
- Updated
- Michael Bennet
Lithium frenzy can’t last: BHP says it’s staying out
As prices of lithium soar, the world’s biggest mining company says the boom will be short-lived at best.
- James Attwood
Adani, other coal miners push big parties for $1.5b insurance scheme
The resource companies want politicians to commit to underwriting a plan that would enable them to self-insure as mainstream financiers exit fossil fuels.
- Peter Ker
Fortescue’s Dutch solar play plans sharemarket listing
This could provide an early source of income for the iron ore miner’s controversial clean energy division.
- Peter Ker
Bis Industries refi a mess, lenders grant two month extension to fix
Mine site trucking company Bis Industries is scrambling to secure fresh debt and equity funding, as part of a $300 million-odd refinancing that was supposed to be done by last month.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
April
SEC sues Vale for false claims tied to Brumadinho dam collapse
Vale misled local governments, communities, and investors, starting in 2016, according to the US Securities and Exchange Commission.
- Matt Robinson
Mining lobby wants ‘total commitment’ to net zero
The MCA is concerned about Labor’s workplace, multinational tax and climate policies but wants the government to show ‘total commitment’ to net zero emissions.
- Peter Ker
Minerals group Southern Palladium maps out $45m listing
Minerals explorer and developer Southern Palladium has lodged a prospectus a proposed $19 million initial public offering via stockbroker Bridge Street Capital.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
JPMorgan fishing for $US1b MinRes bond
Its bankers have taken Chris Ellison’s Mineral Resources to the US, seeking to raise the funds via a senior unsecured notes offer.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Mining bosses rank environment as top risk, COVID-19 brushed aside
For the first time, KPMG’s annual outlook report reveals miners view environmental issues as the biggest risk, while COVID-19 doesn’t even crack the top 10.
- Michael Bennet
Mr Lithium warns there’s simply not enough battery metal
Lithium is often compared with iron ore or other commodities, but Joe Lowry says it behaves nothing like them and it is time investors realised that.
- Gabrielle Coppola
Pandemic pain comes late for miners, threatens guidance
Unlike other industries such as retail and aviation that have long been on the front line of COVID-19’s impact, it’s a new experience for many mining operations.
- Michael Bennet
Inside Rio Tinto’s push to hire more women
Rio Tinto will introduce peer support networks and dedicated HR managers for new hires as the miner looks to rebuild its tarnished reputation and lure more women into senior roles.
- Natasha Boddy
A coal tycoon is making billions as the world turns green
After failing to find a buyer for his stake in Indonesia’s PT Bayan Resources, Low Tuck Kwong opted to buy more shares. It proved a very profitable decision.
- Yoojung Lee and Fathiya Dahrul
Liberum turns bearish on iron ore as seasonal drivers fade
Reliable seasonal restocking in China has peaked, and the spot price of iron ore is poised to plunge by one-third to $US100 a tonne during the June quarter.
- Timothy Moore
China’s banks are the last big players in coal company financing
Chinese lenders have helped coal companies raise more than $13 billion selling bonds so far this year, data compiled by Bloomberg show.
- Natasha White and Tim Quinson
