Australia NZ South Pacific Top Stories

New Caledonia’s Prony Resources faces cash crunch on nickel slump

Companies in other high-cost nickel-producing regions have announced restructurings and writedowns as prices have dropped.

Reuters | January 24, 2024 | 8:15 am

Codelco secures first lithium asset with Australian firm buy

The A$385 million ($254 million) acquisition of Lithium Power International…

Cecilia Jamasmie | January 23, 2024 | 3:48 am

Eramet’s New Caledonia nickel plant runs reduced output after power incident

The production process at the company's Doniambo plant in New…

Reuters | January 22, 2024 | 9:12 am

Lithium junior Kali Metals soars on ASX debut

The Western Australia-based junior entered the ASX on the right…

Cecilia Jamasmie | January 8, 2024 | 3:47 am

Core Lithium halts mining on “tough” market conditions

It also flagged a write-down on the value of its…

Cecilia Jamasmie | January 5, 2024 | 3:53 am

How to turn mine tailings into healthy soil

Researchers have developed a new method that is expected to save miners billions of dollars by minimizing the cost and risk of tailings storage.

Staff Writer | October 10, 2023 | 6:22 am

Lucapa Diamonds names Selby CEO and MD

Nick Selby, who joined Lucapa in 2014, took the helm in August this year after former boss Stephen Wetherall stepped down.

Staff Writer | October 5, 2023 | 5:47 am

Glencore to stop funding troubled New Caledonia nickel plant

New Caledonia has some of the world’s largest reserves of the metal, but its three smelters have faced years of losses linked to high costs and social unrest.

Reuters | September 27, 2023 | 7:38 am

K92 extends Trafigura partnership with $100 million loan, longer offtake

The company expects first drawdown to occur in early to mid-Q4 2023.

Staff Writer | September 26, 2023 | 9:27 am

CarbonScape gets $18 million cash injection to deliver biographite to Europe, US

New Zealand-based CarbonScape produces biographite, a carbon-negative alternative to the critical material for lithium-ion batteries.

Staff Writer | September 26, 2023 | 6:25 am

Copper prices may jump 20%, aluminum by 36% as demand outpaces supply: forecast

Global copper and aluminum supply deficits may cause prices to soar within a few years while steel may drop, according to a new report on metals.

Colin McClelland | September 20, 2023 | 1:46 pm

Rinehart’s Hancock Prospecting takes major stake in Liontown

Australian billionaire Gina Rinehart has positioned herself as the kingmaker in Albemarle’s $4.3bn takeover bid for Liontown Resources.

Cecilia Jamasmie | September 11, 2023 | 3:51 am

Fortescue CFO leaves three days after CEO’s departure

Christine Morris was appointed CFO of Fortescue's metals division in June and assumed the role in early July.

Cecilia Jamasmie | August 31, 2023 | 3:52 am

BHP mulls taking Escondida underground

BHP is studying ways to offset an expected drop in copper grades in Chile, including a new concentrator and taking Escondida underground.

Cecilia Jamasmie | August 30, 2023 | 3:55 am

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