This Month
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.
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.
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.
Trump unveils $17b critical minerals reserve to counter China
The creation of an emergency stockpile of rare earths and critical minerals is a first for the US private sector and includes players such as GE and Boeing.
The RBA’s real casualty: A decade of ASX diversification
If the RBA increases rates and history repeats, we could get another round of the stunning rally that is reshaping the sharemarket.
Australia will pay for its Darwin Port mistake
Readers’ letters on the Darwin Port sale, Chalmers’ efforts on inflation, Adelaide Writers’ Week, the RBA’s interest rate decision, and AI and climate action.
Epstein’s hidden link to Australia’s mining profits tax fight
A top UK politician forwarded Jeffrey Epstein an email he wrote to a mining connection in 2010 when Labor tried to extract more tax from resources companies.
Rio, Glencore eye extension as $300b deal deadline looms
Sources describe the momentum of talks over a massive merger as “hot and cold”.
January
King rejects push to scrap miners’ fuel-tax credits
Resources Minister Madeleine King has ruled out changes to the lucrative fuel-tax credit for mining giants
Labor targets $10.8b fuel tax credit scheme
An influential grassroots Labor group has launched a national campaign in a bid to push the Albanese government to curtail the lucrative rebate for miners.
MinRes considers lithium mine restart after prices rebound
The miner upgraded the amount of the key battery metal it expected to produce by 30 per cent and said it could reopen its mothballed Bald Hill operations.
Disclosures reveal Glencore directors have almost no skin in the game
Chair Kalidas Madhavpeddi has an interest in Rio Tinto though, through a close relative’s shareholding.
Glencore bribery lawsuits strain Rio Tinto merger talks
A deal between Rio Tinto and Glencore may need to account for billions of liabilities that could arise from investor lawsuits against the Swiss miner.
Chris Ellison launches under-the-radar iron ore reshuffle at MinRes
The discreet personnel changes to the miner’s iron ore leadership were made in a pre-Christmas email to staff.
Rio shareholder ‘sceptical’ about Glencore merger, demands explanation
Rio Tinto has been urged to explain how the Glencore deal would add immediate value, not just a bunch of distant copper projects that may take decades to build.
Gina Rinehart-backed Ballard Mining launches $50m cash call
Ballard’s share price has more than doubled since its ASX debut in July.
