Today
Gold miner Santana Minerals to launch $120m equity raising
Sources said stockbrokers Bell Potter and Canaccord Genuity were wall-crossing investors over the weekend about a $120 million capital raising.
Yesterday
Was a Glencore legend betting on the Rio Tinto deal failing?
As Rio Tinto merger talks drove Glencore shares higher, one of the Swiss miner’s founding fathers was busy laying bets that required Glencore shares to slump.
This Month
BHP’s export of flagship iron product crashes amid stoush with China
An 80 per cent slump in export volumes of a key BHP iron ore product to China occurs as the world’s biggest miner prepares to release results this week.
Manganese play Trek Metals launches raising following discovery
Lead manager Alpine Capital was offering new shares in the $103 million market cap company at 15¢ – a 9.1 per cent discount to the last close.
White House pushed Australian lithium player to sell claim to US firm
The Trump administration urged explorer AVZ Minerals to divest its stake in the Manono project in Congo to an American buyer.
Lithium refinery shuts in another blow to ‘Made in Australia’
US lithium giant Albemarle will shut its Kemerton refinery in a fresh setback to the Albanese government’s plan to add value to local minerals.
First Quantum-backed copper hopeful Prospect Resources seeks $40m
Fund managers were offered shares in the African battery metals explorer at 38¢, an 8.4 per cent discount to the last close.
Northern Star pushes back $1.3b gold mine build
The Hemi project in WA shapes as the nation’s next big gold mine, but Northern Star says the wait for first production will be longer than previously expected.
Evolution Mining rewards investors with bumper dividend
The $30 billion gold miner has signed a deal with Canada’s Triple Flag to tap a deposit at its Northparkes operations in NSW.
Epstein’s long ties extended to Mongolia, and its Rio Tinto stoush
The disgraced financier was on an advisory committee with former Australian PM Kevin Rudd, who warned of mining’s “ruthless approach”, emails show.
Lithium boss urges West to instate price floor after landmark deal
Lithium miners have been buoyed by a deal with a guaranteed price of US$1000 per tonne, the first agreement of its kind by a local critical minerals producer.
Critical minerals play PMET Resources launches $110m capital call
Euroz Hartleys and Canaccord Genuity were joint lead managers and joint book runners to the offer.
D-Day for Sanjeev Gupta’s Tahmoor as lenders seek receivership
The fate of Sanjeev Gupta’s long-running attempts to retain control of the Tahmoor coal mine is set to be decided as early as this afternoon.
Brisbane critical minerals prospect eyes $1b valuation in ASX float
RZ Resources was named by the White House as one of several major future suppliers of the in-demand commodity. It has hired Bell Potter as it prepares to list.
US wants global co-operation to counter China on critical minerals
Mining is cool again in the US – along with building an international alliance to thwart the Asian giant’s dominance of critical minerals.
This is the hill upon which Rio and Glencore’s merger talks died
Simon Trott would not budge from a critical method of valuing the acquisition target, which is what ultimately killed the creation of the world’s biggest miner.
Finally, the Rio Tinto-Glencore deal is recognised as the joke it is
What would Rio Tinto shareholders have got out of this? The copper assets could never compensate for the cultural cancer it would have brought.
What really killed Rio Tinto and Glencore’s $300b dream deal
Forget the issues of ego, control and culture. Only one thing ever mattered in this deal, and that was what ultimately stopped it: the price.
Price is not right: Rio Tinto, Glencore abandon merger talks
The British-Australian miner, looking to tap into surging demand for copper, said it could not agree on terms “that would deliver value to its shareholders”.
Loan veteran Lance Rosenberg emerges at TerraCom
TerraCom’s shareholders are used to scandals, but a mysterious Singaporean company hoovering up a 45 per cent stake in the company has raised even their eyebrows.
No shame if Rio Tinto walks from $300b gamble on Glencore
The talks between Glencore and Rio are coming down to the wire, and there’s no guarantee a deal gets done, or the negotiations are extended.
Friedland’s Ivanhoe Atlantic sued by former CEO for unfair dismissal
Mining executive Bronwyn Barnes is seeking damages from the iron ore miner, alleging she was sacked abruptly and unfairly.
Kalgoorlie nickel and cobalt play in line for $1b government loan
Ardea Resources has secured interest from officials in Washington and Canberra as the Trump administration works on securing supplies of critical minerals.
Glencore soothes Rio Tinto governance worries with US government deal
The US government has given Glencore’s controversial African copper mines the green light, easing Rio’s concerns about historic governance at the assets
Rio Tinto investors ditch Australian shares as merger talks climax
Institutional investors are favouring Rio Tinto’s London-listed shares at the expense of its Australian stock ahead of a possible merger with Glencore.
