Today
Pilbara Minerals shelves special dividend as lithium price dips
Lithium producer Pilbara Minerals reported a 42 per cent drop in revenue after dips in price and production last quarter.
- Brad Thompson
Billionaires v BHP: who is right about lithium?
This week on The Fin podcast, Peter Ker and Elouise Fowler on why the Liontown deal collapsed and whether lithium could become the next iron ore for Australia.
Yesterday
MinRes blames ‘manipulation’ for fall in lithium prices
The company is producing more of the battery ingredient from two key mines in Western Australia, but that output is fetching much lower prices.
- Updated
- Brad Thompson
This Month
Old diary entry casts doubt over lucrative claim to Hancock mining assets
An 18-year-old diary entry from a former Wright Prospecting executive has cast doubt over a billionaire family’s claim to ownership and lucrative royalties flowing from one of Gina Rinehart’s Pilbara mines.
- Tom Rabe
Kerry Stokes gathers the oligarchs to kiss the ring
The media and mining mogul’s Telethon Ball was held in Perth on Saturday, bringing together the country’s richest mining billionaires for a private get-together.
- Mark Di Stefano and Tom Rabe
Ellison eyes new lithium prize near Albemarle joint venture
There is a new target on Mineral Resources’ radar, as Albemarle weighs up its next move after walking away from Liontown.
- Brad Thompson
Rinehart changes Liontown’s game | Is Origin worth more? | Bullock’s oil price headache
In this week’s episode, James and Anthony look at two spicy takeover battles and celebrate the podcast’s first birthday with special guest Financial Review editor-in-chief, Michael Stutchbury.
Deal off, game on: The battle for Liontown is just beginning
It’s exactly one year since Albemarle made the first of four bids to acquire Liontown. Now they’re gone, and the game starts again for a cast of big characters.
- Updated
- Peter Ker and Andrew Turner
- Opinion
- Chanticleer
How Gina Rinehart silenced Liontown’s roar
After a tumultuous week, Liontown has managed to lock in a debt and equity package to fund its flagship mine. But the shadow of major shareholder Gina Rinehart hangs heavy over the company.
- Updated
- James Thomson
Liontown’s $1.18b rescue awaits Rinehart’s endorsement
Australia’s four biggest banks and two government lenders have helped lithium star Liontown out of a funding hole.
- Peter Ker
Mining magnate Chris Ellison seals critical mineral merger
Lithium hopeful Essential Metals will merge with an established copper miner as Australia’s tycoons vie for control of the country’s battery-metal assets.
- Elouise Fowler
Gina Rinehart’s shock cameo in Netflix horror flick
The Queen of the Pilbara is one of many plutocrats depicted in photos with The Fall of the House of Usher’s ghoulish antagonist.
- Updated
- Myriam Robin
UBS starts sounding for Liontown’s equity raising
Sources said Liontown was looking at a minimum deal size of about $300 million.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Albemarle walks away from $6.6b Liontown bid
After requesting a delay for due diligence, Albemarle declared it would fold its $3 a share indicative offer for the WA lithium hopeful backed by Gina Rinehart.
- Updated
- Brad Thompson and Elouise Fowler
- Analysis
- Voice to parliament
Gina Rinehart lights up the secretive No campaign party
Guests describe the No campaign’s party as “jubilant” but the official line paints a more sombre picture of the private event.
- Tess Bennett
Albemarle stares down barrel of Gina Rinehart shotgun wedding
Where to now from New York-listed Albemarle in $6.6 billion pursuit of lithium play Liontown Resources?
- Brad Thompson
Albemarle granted more time with $6.6b Liontown bid on life support
Despite the extension, the chance of the global lithium giant proceeding with a binding offer in the face of Gina Rinehart’s ever-increasing stake appears slim.
- Brad Thompson
Liontown shares slump as Rinehart flexes muscle
Battery metals giant Albemarle faces the prospect of having to work in partnership with Australia’s richest person or walking away from Liontown after a pursuit that started a year ago.
- Brad Thompson
Rinehart boosts Liontown stake as spending spree nears $1.2 billion
Gina Rinehart has strengthened her position as kingmaker in any deal involving US battery chemicals giant Albemarle and its takeover target Liontown Resources.
- Brad Thompson
Rio to ship more low-grade iron as mine approval times blow out
Rio says the amount of low-grade iron ore it ships over the next few years will depend on how quickly it can get replacement mines approved in Western Australia.
- Brad Thompson
