August 26, 2022

Bumper mining profits down under defy doom but challenges remain

The soaring profits unveiled by Australian miners this week were a beacon of light amid the gloom dominating economic headlines.

August 25, 2022

Lynas posts record profit on solid rare earths demand

The rare earths producer reported net profit after tax of $377 million for the year.

August 25, 2022

Tesla’s battery metals bill balloons to $100 billion

Raw material costs have more than doubled since Elon Musk said Tesla will produce 20 million vehicles per year before 2030.

August 25, 2022

Hydrogen could replace coking coal in two decades, South32 says

The Perth-based company wouldn’t be investing in new metallurgical coal projects, and would wind down its business in the fuel, CEO said.

August 24, 2022

South32 shares jump as miner sets special dividend on profit boost

The world's biggest producer of manganese said its underlying earnings for the year ended June 30 came in at $2.6 billion, compared with $489 million a year ago.

August 23, 2022

South32 in talks with Appin coal mine workers over pay

The union's plan to take strike action comes as Australian coal miners are seeing a boom in business.

August 22, 2022

South32 nixes $700 million investment in NSW met coal mine

Australian miner citied insufficient prospective returns from the expected expenditure.

August 18, 2022

Newcrest Mining cuts dividend, posts profit drop amid lower output

Australia's biggest gold miner said underlying profit came in at $872 million for the year ended June compared with $1.16 billion a year earlier.

August 18, 2022

BHP sees copper market “take-off” by mid-2020s “if not earlier” 

Top miner sees up to 4 million tonnes of copper lost to depletion, falling grades by 2030 and a “timid” industry not committing to new projects.

August 18, 2022

BHP announces changes to executive leadership team

Edgar Basto will be appointed Chief Operating Officer and Geraldine Slattery as President, Australia.