Australia Top Stories

Macquarie fined by UK after metals trader books false trades

The firm’s London metals desk was able to book 426 fictitious trades to conceal his losses for almost two years.

Bloomberg News | November 26, 2024 | 8:04 am

Vulcan in talks with producers to license lithium technology

Vulcan began producing lithium hydroxide earlier this month from its…

Reuters | November 26, 2024 | 7:59 am

Lucapa Diamond to restart halted Merlin mine

The phased approach will begin with an 18-month initial phase…

Cecilia Jamasmie | November 25, 2024 | 8:23 am

Rio Tinto lifts force majeure for Australian alumina exports

Rio had declared force majeure on third-party contracts in May…

Bloomberg News | November 25, 2024 | 7:11 am

MinRes founder Ellison steps down as Delta Lithium chair

Ellison is to exit MinRes within 18 months but his…

Reuters | November 25, 2024 | 6:58 am

Australia risks losing its iron ore dominance, Fortescue CEO says

Australia is the world's biggest supplier of seaborne iron ore, accounting for around half of global supply.

Reuters | October 28, 2024 | 5:54 pm

Cadia becomes first Newmont mine to receive Copper Mark credential

With this, about 35% of Australia’s copper is produced at sites that have obtained The Copper Mark.

Staff Writer | October 28, 2024 | 12:39 pm

Rio Tinto halts Simandou after fatal accident

The contractor's death at the massive iron ore project in Guinea is the fifth fatality at the mining giant’s global operations this year.

Staff Writer | October 28, 2024 | 8:53 am

Mining vs AI – It’s not even close

Nvidia throws shade on the entire global mining industry.

Frik Els | October 28, 2024 | 6:51 am

Australia’s IGO swings to a loss on lithium downturn

The bottom line was affected by a 45% drop in IGO's share of net profit from its 49% stake in Tianqi Lithium Energy Australia.

Reuters | October 27, 2024 | 4:40 pm

Mineral Resources says investigation of founder to finish by next week

The company’s shares slumped 26% last week after reports of undeclared payments linked to its managing director.

Bloomberg News | October 27, 2024 | 2:43 pm

Whitehaven Coal jumps on price outlook, output beat

A shortfall in global coal production with long-term output constraints and higher sea-borne demand from India is expected to lift prices, the miner said.

Reuters | October 25, 2024 | 10:15 am

Coal billionaire Tykac eyes growth in bet against ESG uptake

Pavel Tykac’s Sev.en Group has taken advantage of cheap valuations to buy up coal power stations and mines in the US, Australia and Vietnam.

Bloomberg News | October 25, 2024 | 9:20 am

BHP, Vale and Samarco reach $30 billion Fundão dam settlement

The collapse of the dam at an iron ore mine owned by Samarco killed 19 people.

Bruno Venditti | October 25, 2024 | 8:28 am

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