Australia Top Stories

Private equity deals in mining sector tumble by half in 2024 – report

Total transaction value as of Sept. 30 was $4.76 billion, down more than 50% compared to the $10.52 billion registered in the full year 2023.

Staff Writer | October 29, 2024 | 1:02 pm

Manuka clears pathway for silver production with reserve estimate for Wonawinta

Total ore reserves at the are estimated at 4.8 million…

Staff Writer | October 29, 2024 | 11:14 am

Trillions needed to achieve net-zero by 2050 — Wood Mackenzie

The report shows the world needs to invest $78 trillion…

Cecilia Jamasmie | October 29, 2024 | 6:47 am

Australian rare earths developer ASM eyes US defence funding

ASM has been building funds to develop its $1.1 billion…

Reuters | October 29, 2024 | 1:59 am

Australia risks losing its iron ore dominance, Fortescue CEO says

Australia is the world's biggest supplier of seaborne iron ore,…

Reuters | October 28, 2024 | 5:54 pm

South32 hunts for copper as it returns cash to shareholders

Underlying earnings came in at $380 million, compared with $916 million a year ago.

Reuters | August 28, 2024 | 3:31 pm

Mineral Resources posts annual profit slump on weaker lithium prices

Mineral Resources reported a nearly 80% slump in its annual profit on Wednesday.

Reuters | August 28, 2024 | 7:21 am

Energy Resources of Australia to raise $598 million for uranium project

Rio Tinto, which holds an 80% stake in the company, will subscribe for shares worth A$760 million.

Reuters | August 27, 2024 | 6:11 pm

Fortescue sets out to meet strong Chinese demand for green iron

The world's fourth-largest iron ore miner will use green electricity from solar farms at its Christmas Creek operations in Western Australia.

Reuters | August 27, 2024 | 6:01 pm

BHP has nothing good to say about nickel prices

Supply curtailments, project suspensions, slower approvals in Indonesia, halting of Russian deliveries, unrest in Caledonia not enough to change bearish outlook.

Frik Els | August 27, 2024 | 5:32 pm

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

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