Friedland mulls listing African iron ore company on ASX
Mining magnate Robert Friedland is said to be planning to list his privately owned iron ore company, Ivanhoe Atlantic, on the Australian Securities Exchange (ASX) next year. The move, the…
Australia, NZ & South Pacific
How oil and gas will fare in the Trump era
Trump is back, and the threat of tariffs looms large over China’s economy. On Wednesday, base and precious metal prices took a dive. Resource markets are deeply concerned about Trump’s…
Australia’s Global Lithium raises alarm over potential foreign takeover
Australia’s Global Lithium Resources (ASX: GL1) is seeking to postpone its upcoming annual shareholder meeting until March due to concerns over a potential breach of foreign ownership rules. The West…
Regis Resources sues Australian minister over blocked gold mine
Regis Resources (ASX: RRL) has initiated legal proceedings to overturn a federal minister’s decision that halted its US$1-billion McPhillamys gold and silver project in New South Wales, Australia. In August,…
Fortescue founder plugs ‘real zero’ ambitions; calls Trump an ‘economic pragmatist’
Fortescue Metals Group (ASX: FMG) founder and executive chairman Andrew Forrest says that both the mining industry and the broader world are gradually embracing the concept of “real zero” over…
St Barbara raising A$110M to fast-track Simberi sulphide production
Australian gold miner St Barbara (ASX: SBM) is raising up to A$110 million at a discounted share price to fast-track the expansion of its Simberi operation in Papua New Guinea…
Pan African expands into Australia, halts Sudan project
South Africa’s Pan African Resources (LSE: PAF; JSE: PAN) is expanding into Australia with the acquisition of gold junior Tennant Consolidated Mining Group (TCMG) for US$54.2 million, as it suspends exploration…
Anglo American sells Australian coal JV stake for $1.5B
Anglo American (LSE: AAL) has agreed to sell its minority stake in an Australian coal mining joint venture for A$1.6 billion ($1.5 billion), marking a significant step in its strategy…
MinRes founder Ellison forced out amid governance scandal
Chris Ellison will leave within 18 months as the board found he used company resources for his personal benefit and evaded taxes.
Aussie Syrah secures US$150M Washington loan for Mozambique graphite operation
Syrah Resources (ASX: SYR) has been given a US$150 million loan by the United States International Development Finance Corporation to support the development of its graphite operation in Mozambique. In…
‘We’ve moved on,’ BHP says of failed Anglo bid, before walking back comments
BHP’s (ASX: BHP) leadership gave its clearest indication yet that it won’t make another bid for smaller rival Anglo American (LSE: AAL), but later walked back some comments about “moving…
MinRes cuts jobs, costs amid CEO probe
Australia’s Mineral Resources (ASX: MIN), which is at the centre of a tax evasion probe involving its founder and CEO Chris Ellison, is cutting 570 jobs and slowing underground construction…