ASX Announcements
Yesterday
Mining industry to spend $24m to derail IR laws
Rio Tinto, BHP and Glencore are spending big on the minerals council’s campaign to stop Labor’s “same job, same pay” laws for labour hire workers.
- David Marin-Guzman
This Month
Mining stocks on track for third month of losses as China woes deepen
The ASX’s heavyweight materials sector is facing its longest losing streak since 2021 as worries about global growth offset the incredible run in iron ore.
- Joanne Tran
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
Whitehaven flirts with strike after BHP deal ‘gamble’
A US institutional investor has joined activist fund Bell Rock’s campaign to give the Whitehaven board a black eye at Thursday’s AGM.
- Paul Smith
Rio, BHP and Fortescue at electrification crossroads
Iron ore miners in the Pilbara are under pressure to slash emissions and preparing to fork out billions on emissions-free trucks and renewables.
- Brad Thompson
Rio Tinto in solar farm deal with Forrest foes
Rio Tinto is looking to a traditional owner group at war with Andrew Forrest to supply renewable energy to its iron ore operations.
- Brad Thompson
Qantas brand guru Todd Sampson given ISS reprieve
This is why proxy advisers send everyone batty. And if Qantas’ in-house sentiment guru doesn’t deserve to walk the plank, who does?
- Myriam Robin
Rio opens door to working with POSCO on green iron plant in Pilbara
POSCO is studying the feasibility of using green hydrogen to power a hot briquette iron plant near Port Hedland.
- Brad Thompson
Investors cheer BHP’s $6.4b mine deal
Whitehaven investors buoyed by the purchase of two BHP coking coal mines in Queensland have sent the stock to an eight-month high.
- Updated
- Peter Ker and Elouise Fowler
Voice not ‘main game’ for ethical companies
Businesses backing social causes need to test the views of staff and customers and back up words with action, a survey has found.
- John Kehoe
Rio Tinto says lithium boom is cooling, for now
Rio hints a three-year lithium price boom may be over as surging supply coincides with mild growth in electric vehicle sales. But longer term, Rio is still keen.
- Peter Ker
Ex-Rio chief’s wife lashes ‘botched’ Indigenous heritage laws
Rio Tinto’s position on Indigenous issues is motivated by the need to distance itself from JS Jacques’ reign. Not that his wife got the memo.
- Updated
- Myriam Robin
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
BHP optimistic on steel demand, iron ore
Beijing’s moves to stabilise China’s ailing properly sector could trigger higher demand for steel and tighten the already squeezed iron ore market.
- Elouise Fowler
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
Rio Tinto chairman fears global blowback from a No vote
Dominic Barton frets over the impact on Australia’s reputation if the Voice referendum fails. He says Rio’s post-Juukan cultural overhaul is taking time.
- Hans van Leeuwen
Rio Tinto ready for smaller, riskier projects in green energy hunt
Chairman Dominic Barton says the mining giant will widen the net in its search for materials for the energy transition.
- Hans van Leeuwen
Rio Tinto in $157m first shout for Simandou
Rio Tinto has demonstrated strong faith in its Simandou partners by providing $US100 million of liquidity to the project until formal funding deals are struck.
- Peter Ker
Can brains disrupt Australia’s lithium mining brawn?
Some of the world’s biggest and smallest companies reckon technology can disrupt Australia’s lithium boom by unlocking vast new supplies and crushing prices.
- Peter Ker
