February 17, 2022

IGO gets Western Areas’ shareholder Wyloo nod for $790m bid

Australian billionaire Andrew Forrest-backed Wyloo Consolidated will vote its 9.8% stake in Western Areas in favor of IGO's bid.

February 17, 2022

BHP’s iron ore profits show why Beijing wants to talk the price down

If an average price of $130 a tonne is assumed for the first half of 2022, it implies that BHP is making $50 a tonne more than what Beijing might…

February 17, 2022

Resolute Mining ups Mali gold project resources estimate by 40%

The Tabakoroni gold deposit, part of the company's Syama complex, holds an estimate of 1.3 million ounces of the metal.

February 17, 2022

Newcrest flags delays at Havieron on ground conditions

Partner Greatland Gold, which holds 30% of the project, said the update was based on old figures and hailed Havieron’s potential for upside.

February 16, 2022

Biggest Australia coal plant to shut early as renewables surge

Origin Energy could shutter the Eraring facility, in a coal-mining region north of Sydney, as soon as August 2025.

February 16, 2022

South32 profit soars on recovery in commodity prices

Underlying earnings for the half-year ended Dec. 31 came in at $1 billion, beating a consensus estimate of $987.5 million.

February 16, 2022

Newcrest first-half profit nearly halves on lower production, covid costs

The gold miner posted an underlying profit of $298 million for the six months ended Dec. 31.

February 16, 2022

Glencore’s zinc mine expansion met by Indigenous backlash

Australian government judged it failed to adequately consult with Aboriginal custodians over the protection of a sacred site.

February 16, 2022

Tesla secures 5-year lithium supply from Liontown

Australia's Liontown Resources will provide the EV giant with more 100,000 tonnes of lithium spodumene concentrate a year, starting in 2024.

February 15, 2022

Fortescue Metals first-half profit drops 32% as costs weigh

The miner posted an underlying net profit of $2.78 billion, compared with $4.08 billion a year earlier.