Shareholders in Peru-focused explorer Alta Copper have voted in favour of a Fortescue takeover, clearing another hurdle in the Pilbara iron ore miner’s red metal foray.
Simone Grogan
An unwavering commodities boom has a star Perth fund manager hungry for more and led a Trans-Tasman investment bank to beef up its team for a bigger slice of mining deals out west.
Adrian Rauso
An uneventful December quarter across South32’s portfolio has delighted investors, boosting the mixed metal miner’s share price to its highest point since April 2023.
The one-for-3.66 a share rights issue is pitched at 40¢ a share, a 35.5 per cent discount to Monday’s closing price, and is fully underwritten by Macquarie.
Sean Smith
Aluminum Corp of China, one of the largest shareholders in Rio Tinto, is likely to support the mining giant’s potential acquisition of rival Glencore.
Bloomberg News
BHP has been encouraged to keep ‘holding the line’ in lengthy negotiations with China’s state-owned minerals trader over the grade and price of its WA iron ore.
Jeff Bezos’ Amazon Web Services empire will buy the first batches of a purportedly less water and emissions intensive copper cathode from Rio Tinto to build US data centres.
BHP’s bold bid to buy rival Anglo American in 2024 was supposed to set it up as the clear winner in a copper boom it had long predicted, yet the world’s biggest miner is left sitting on the sidelines.
Thomas Biesheuvel, Dinesh Nair, Jack Farchy and Paul-Alain Hunt
Taking out Glencore would fix a major problem for Rio Tinto, according to analysts from a British banking giant.
The WA-based copper miner has also stuck to full year targets despite running into plant faults at its newest mine in Botswana.
The race for artificial intelligence and surging defence spending are set to intensify a projected shortage of copper as producers struggle to expand, according to a new study by S&P Global.
James Attwood
Andrew Forrest’s Fortescue will buy the rest of the shares it doesn’t already own in Peru-focused copper play Alta Copper in a cash deal that sets the scene for a long-term bet on the red metal.
Glencore outlined plans to almost double copper production over the next decade as the miner seeks to reverse a slump in output, although it was also forced to lower its ambitions for next year.
Thomas Biesheuvel
Copper rallied to a fresh record overnight as a surge in orders to withdraw metal from London Metal Exchange warehouses compounded worries that potential US tariffs will fuel a global supply squeeze.
Mark Burton, Martin Ritchie and Yvonne Yue
WA’s only copper play could pour up to $240 million in cash and shares over the next two years into firming up a discovery once trawled through by BHP.
Rio Tinto is conducting an internal investigation into allegations of corruption and unethical conduct at one of its copper operations and has sought help from law enforcement.
Bloomberg
The mining giant has a bullish view on Chinese steel demand and is tipping a strong finish to the year in the Pilbara as it stays in the race to meet its full-year shipments goal.
Adrian Rauso and Daniel Newell
Anglo American and Teck Resources have announced one of the biggest shake-ups in the global mining industry. Here’s what it means for Australia.
For years, it was the most obvious deal in the global mining industry, but one that no one could quite pull off. Now it has become one of the largest ever deals in the sector.
Dinesh Nair, Jacob Lorinc, Jack Farchy and Thomas Biesheuvel
Australia’s Governor-General has visited Rio Tinto’s Oyu Tolgoi copper mine in Mongolia amid simmering tensions between the mining giant and the Asian country’s government.
The bosses of BHP and Rio Tinto have sat down with Donald Trump in the Oval Office to find a way to stop a mega copper development in the US from being derailed by the ‘radical left’.
Getting rid of its nickel pain plus record iron ore and copper output has boosted BHP’s profit to $US9 billion ($13.9b), yet shareholder dividends have shrunk to their lowest in eight years.
BHP’s Pilbara iron ore machine fired on all cylinders but inflation and slow construction has thrown a $2.6 billion spanner in the works of its Canadian potash push.
A share price hot streak for the owner of Western Australia’s only major copper mine has lost steam after its quarterly update disappointed.
