Turquoise Hill shareholders approve Rio Tinto’s $3.3bn buyout bid

The vote clears the way for Rio Tinto to gain more autonomy over Oyu Tolgoi, which is 66% owned by Turquoise Hill and 34% by the Mongolian government.

Reuters | December 9, 2022 | 10:19 am

Glencore scraps $1.3 billion Australian coal project

The Valeria open pit metallurgical and thermal coal mine in Queensland would have been one of Australia’s largest.

Cecilia Jamasmie | December 8, 2022 | 3:57 am

Australia proposes to overhaul ‘broken’ environment laws

The country will also set up a new nature protection agency with powers to make decisions on the approval of development projects

Reuters | December 8, 2022 | 2:53 am

Rio Tinto plays chancy round of Mongolian roulette

December 9 is shaping up to be a big day for Rio Tinto chief executive Jakob Stausholm.

Reuters | December 7, 2022 | 10:06 am

Tianqi exploring battery minerals processing options in Australia

Australia is seeking overseas investment into its critical materials industry as it seeks to become a green energy superpower.

Reuters | December 6, 2022 | 6:06 pm

Lake Resources shares dip on another short seller report

According to J Capital analysts, the DLE technology the company is looking to use could be “dramatically” underperforming expectations.

Henry Lazenby | December 5, 2022 | 3:43 pm

Hancock takes 10% of Arafura Rare Earths

Hancock Prospecting took around half of a A$121 million placement by Arafura last week aimed at raising capital to develop the Nolans rare earths project.

Reuters | December 5, 2022 | 10:08 am