December 21, 2022

BHP makes $6.4 billion binding offer for OZ Minerals

The acquisition is BHP’s largest since the $12.1 billion purchase of Petrohawk Energy in 2011.

December 19, 2022

Australia expects sharp lithium price pullback in 2024

Record spot prices will lift contract values for lithium miners next year but a surge in production to over 1 million tonnes by 2024 will put downward pressure on prices,…

December 19, 2022

OZ Minerals extends exclusivity period for BHP’s $6.4bn bid

The extension of exclusivity period to Dec. 27 comes after the four weeks exclusivity BHP was granted.

December 19, 2022

Fortescue reveals green steel plans but warns task is enormous

The world’s fourth-biggest iron ore miner has joined forces with Japan’s Mitsubishi and European steelmaker Voestalpine to develop zero-carbon iron using hydrogen at a plant in Austria.

December 19, 2022

Ioneer’s lithium-boron project in Nevada moves into final permitting stage

The company has been unable to get federal permits because public lands near the project are home to an endangered wildflower.

December 19, 2022

Newcrest CEO leaves Australia’s top gold miner

Chief financial officer Sherry Duhe has become Newcrest’s interim chief executive while the company searches for a new leader.

December 18, 2022

Australia revises up resources export earnings to $308bn for FY23

The country is set to see strong revenue growth from thermal coal exports used in power plants.

December 16, 2022

Coal price surge won’t stop Idemitsu selling Australian mine stake

The Japan-based firm is in talks with several entities interested in acquiring its 85% stake in the Ensham mine in Queensland.

December 16, 2022

Rio Tinto secures direct control of Oyu Tolgoi mine

Rio Tinto now has a 66% direct ownership over the world’s largest known copper and gold deposit, located in Mongolia.

December 15, 2022

Mineral Resources offers $270m for remaining Norwest Energy stake

The offer price represents a 33.3% premium to Norwest's last closing price.