Mining

Economy rebuildsBHP’s Henry tips quicker escape from COVID downturn

Mike Henry has given an upbeat assessment of the economic rebound from COVID-19, saying the miner now expects global growth to exceed estimates it made just six months ago.

Daniel Newell

Back to earthNickel, copper in freefall after touching fresh highs

Copper fell overnight and nickel extended a slide, accelerating a sell-off in industrial metals that reversed recent weeks of stellar gains.

Mark Burton, Jack Farchy and Yvonne Yue Li

workplace diversityLGBTQI+ inclusion policy appeal

It’s time for WA corporates to stand up for the inclusion of LGBTQI+ staff and outline their company’s internal support, says mining consultant Stephanie Graskoski.

Kate Purnell

Payouts delayCompany dividends may not return to normal for years

UBS reckons that with payout ratios still below average, dividends won’t return to pre-virus levels until ‘well past’ 2023.

Sean Smith

Global leaderCurtin second-best in world for mining education

The university has cemented its position as a leader in mineral and mining engineering education, again ranking second in an annual compilation of the world’s best universities.

Daniel Newell

Foreign alertResource nationalism on the rise post COVID

UK consulting firm Verisk Maplecroft warns resources companies operating in some developing jurisdictions are facing greater risks.

Stuart McKinnon

‘Scale up’Resources sector growth plan released

The Federal Government has released its ten-year plan to grow the resources and minerals sector to create more jobs and economic opportunities for manufacturing business.

Annabel Hennessy

Project expansionGina Rinehart boosts iron ore output

Gina Rinehart has pushed the button on Atlas Iron’s McPhee Creek project, representing the biggest new mine development since she acquired the junior miner for $427 million in 2018.

Stuart McKinnon

Turnaround planSt Barbara puts Macmahon into troubled Gwalia

The gold miner appointed Macmahon on a $500 million contract after a competitive tendering process at the conclusion of a seven-year term with Byrnecut.

Stuart McKinnon

‘Deep regret’Rio chairman falls on sword after Juukan tragedy

In this morning’s bombshell announcement, Simon Thompson said he was ultimately accountable for the failings that led to the blasting of the ancient site in the Pilbara.

Daniel Newell

Social licenceBig miners to adopt new ESG reporting standard

The Minerals Council is rolling out a new system to ensure its mining company members meet rising community expectations with their environmental, social and governance obligations.

Stuart McKinnon

ATO stoushRio to dispute surprise $400m tax bill

The mining giant will contest a $406.5m amended taxation assessment from 2015 relating to a loan it took out to fund intragroup dividends.

Stuart McKinnon

Rich pickingsCashed-up miners ready to deal as world reopens

Deals among cashed-up mining companies are poised to pick up once lingering uncertainties from the pandemic dissipate, according to the most-active investment bank in the industry.

James Attwood and Joe Deaux

Shares surgeLiontown raises the bar with first Moora drill hits

Shares in Liontown Resources surged to an all-time high after the company reported wide gold intersections from recent drilling at its Moora project.

Stuart McKinnon

Infrastructure fundsLoan puts Australian Potash closer to Lake Wells dream

Australian Potash is the latest aspiring potash player to secure a big lick of cash from the Federal Government to fund its Lake Wells project near Laverton.

Stuart McKinnon

Court showdownSandfire’s own goal in Monty royalties dust-up

The Perth-based miner had been chasing bank guarantees for potential legal bills ahead of a court attack on how copper and gold ore is being weighed at Monty.

Neale Prior

Drilling downExploration surge supports super cycle theory

ABS data shows exploration expenditure rose for four consecutive quarters last year.

Stuart McKinnon

Upcoming listingDDH1 raises $150m in IPO

Minerals drilling group DDH1 has closed its $150 million initial public offering ahead of its listing on the Australian Securities Exchange this month.

Kate Purnell

Falling forecastFitch calls lower gold price

But the analyst says gold prices could remain supported over March and April as inflation likely picks up and could rise faster than bond yields.

Stuart McKinnon

Border blast‘Pathetic’: Gold mining boss slams border disunity

The chairman of Australia’s biggest gold miner has slammed some State Premiers, saying their level of co-operation on border restrictions during the COVID pandemic left much to be desired.

Stuart McKinnon

Demerger lawsMiners vote to split from militant CFMEU

The mining and energy division of the Construction, Forestry, Maritime, Mining and Energy Union has decided to split with the militant union saying it had never been less respected or more isolated.

Stuart McKinnon

opinion
opinion
History under threat
opinion
We need to act fast to stop another Juukan disaster

The destruction of Aboriginal land by two of the country’s biggest miners, as well as last year’s Juukan Gorge disaster, is a tragedy we should all mourn. Here’s why the Heritage Act must change.

Rangi Hirini

Resources gambleSingapore’s 3D Metalforge to tap WA mining with listing

Singapore-based company 3D Metalforge is set to list on the ASX tomorrow in a bid to tap WA’s booming mining industry.

Kate Purnell

Record output$27b gold haul for Australian mines

Australia’s gold mine output hit a record 327 tonnes in 2020 as the price of the safe-haven asset soared to new heights amid the uncertainty of the coronavirus crisis.

Danielle Le Messurier