Evolution Mining has scooped up copper and gold play Carnaby Resources as the Subiaco-based explorer closes in on a final investment decision for its Greater Duchess project in far-north Queensland.
Daniel Newell
Strike action by BHP workers in the Pilbara today — the first in almost three decades — has marred revelations that the Big Australian has pulled in its biggest-ever haul of iron ore.
Rio Tinto is keeping a watching brief on the latest flare up of tensions in the Middle East as it counts the cost of soaring diesel prices that drove up production expenses in the first half.
Daniel Newell and Adrian Rauso
Brandon Craig is a few days away from taking the reins of Australia’s most valuable company and he will inherit a sprawling list of fires to fight.
Adrian Rauso
Perth product Jessica Farrell is back in the global mining spotlight after BHP promoted her to run its fast-growing, but problematic, North American business.
Bill Beament’s Develop Global has pulled the trigger on two new ‘transformational’ critical minerals projects in WA after securing a $570 million financing package through global commodities trader Trafigura.
A one-month surge in copper prices sent Rio Tinto shares to a record $252 billion valuation this week, amid rising bets inflation will push commodities higher.
Tom Richardson
Rio Tinto is yet to feel the effects of a global oil crisis fuelled by war in the Middle East but concedes it does not know how the ongoing conflict will hit supply chains in the second half of this year.
Battery metals miner IGO has broadened its copper pursuit to the US after paying $6 million for a slice of what it believes is shaping up as a prospective district for the red metal.
Simone Grogan
Rio Tinto and BHP have emerged victorious from a lengthy US court battle against what President Donald Trump had branded ‘radical left’ opposition to the mining majors’ unrelenting copper hunt.
Copper is caught in a jarring disconnect: the real-world metal market looks increasingly oversupplied, yet futures prices remain at near-record levels. How long can it continue?
Bloomberg News
Rio Tinto is deploying its exploration arsenal into some of Western Australia’s most remote areas in hopes of hitting a red metal mother lode.
Eighty-five per cent of the mining giant’s exploration budget is now directed towards the coveted red metal.
Glencore posted a drop in full-year profit as record copper prices failed to offset declining earnings from the commodity trader-cum-miner’s sprawling coal operations.
Thomas Biesheuvel
Copper is now ahead of iron ore as the biggest contributor to BHP’s profit and its chief executive suggests it’s great news for shareholder returns.
WA iron ore no longer makes up the lion’s share of BHP’s earnings and boss Mike Henry ‘fears’ an ‘explosion’ of union activity will stifle long-term investment in the business unit.
Walking away from Glencore means Rio Tinto lost its magic bullet in the desperate hunt for copper, making a neglected Pilbara project more important than ever.
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.
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.
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.
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.
