Australia Top Stories

CHARTS: Nickel, cobalt, lithium price slump cuts average EV battery metals bill by 60%

The raw materials bill for the average EV is now down to $537 compared to $1,342 in August 2023 and a monthly peak of more than $1,900 at the beginning of last year.

Frik Els | October 24, 2024 | 8:15 am

Anglo American copper, diamond output down in Q3, 2024 guidance unchanged

Copper will make up 60% of Anglo's business after it…

Reuters | October 24, 2024 | 3:56 am

Mineral Resources’ Ellison faces probe from Australian watchdog

Managing director of Mineral Resources and major shareholder said the…

Bloomberg News | October 23, 2024 | 5:24 pm

Fortescue posts 4% rise in first-quarter iron ore shipments

The Perth-based miner also reaffirmed its iron ore shipments guidance…

Reuters | October 23, 2024 | 3:30 pm

BHP tops all miners in Forbes list of world’s best employers

Others on the list include Anglo American, Newmont, Vale, Agnico,…

Staff Writer | October 23, 2024 | 11:38 am

Industry warns sovereign risk in Australia is rising

BHP the latest to issue warning over Australia’s competitiveness following Regis gold mine rejection.

Kristie Batten | August 27, 2024 | 4:34 pm

Fortescue beats dividend payout view, shares rise

The world's fourth-largest iron ore miner said underlying net profit after tax was $5.66 billion for the year.

Reuters | August 27, 2024 | 4:01 pm

Lynas Rare Earths’ annual profit slumps on weaker rare earths prices

The world's largest producer of rare earths outside China reported net profit attributable of A$84.5 million for the year.

Reuters | August 27, 2024 | 3:26 pm

CHARTS: Battery metals slump slashes average EV materials bill

The sales weighted average value of the lithium, nickel, cobalt, manganese and graphite contained in the battery of the average EV sold globally is down 60%.

Frik Els | August 27, 2024 | 8:10 am

BHP eyes copper profits as China’s appetite for steel fades

The miner's underlying attributable profit was $13.66 billion for the 12 months ended June 30.

Bloomberg News | August 27, 2024 | 6:19 am

Aggreko expands renewable energy and battery storage at Gold Fields’ Granny Smith mine

The gold mine will have a total of 19MW of solar capacity and 9MW/4.5MWh of BESS capacity installed.

Staff Writer | August 26, 2024 | 4:58 pm

Liebherr, Fortescue reveal world’s first self-driving electric mining truck

At Fortescue’s Christmas Creek mine in Western Australia four Liebherr T 264 trucks are being converted to autonomous electric models.

Staff Writer | August 26, 2024 | 10:09 am

Pilbara Minerals’ annual profit falls on weaker lithium prices

The lithium miner posted underlying profit after tax of A$318 million for fiscal 2024.

Reuters | August 25, 2024 | 4:02 pm

KCGM — from unloved asset to Northern Star’s crown jewel

A former non-core asset of majors Barrick and Newmont, KCGM, also known as the Super Pit, is set to become Australia’s largest gold operation under the ownership of Northern Star Resources.

Kristie Batten | August 25, 2024 | 8:22 am

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