This Month
- Updated
- Carbon challenge
Glencore says ESG mood has ‘evolved’ and it will keep coal mining
The Swiss-based commodities giant had proposed spinning off the fossil fuel into a separate company but has decided to retain the division.
- Updated
- Peter Ker
- Opinion
- Chanticleer
Investors are developing a ‘dirty’ little secret
Glencore’s decision to keep its energy coal business is part of a broader push back against climate-related strategy shifts by big emitters.
- James Thomson
July
Big Glencore shareholders want to keep coal
An influential group of Glencore shareholders want the company to abandon a plan to spin-off its coal division, and allocate those earnings to new avenues of growth.
- Peter Ker
Glencore warns of nickel job losses unless labour costs controlled
BHP’s decision to shut its nickel mines, smelter and refinery is already being felt across families, communities and other mining companies and businesses.
- Brad Thompson, Tom Rabe and James Hall
Queensland breaks ground on $5b transmission project
The CopperString project will eventually link the mining region of Mount Isa with the port city of Townsville via an 840-kilometre high-transmission line.
- Tess Bennett
Why coal stocks are seeing an epic rally
Underground fires at two major coal operations have ignited a rally in unloved ASX miners, and some analysts are tipping prices to push even higher.
- Alex Gluyas
Zinc miner’s $30m deductions claim sinks in royalties stoush
Queensland Supreme Court rejects attempts to claim expenses for managing a transport vessel – before a management agreement started.
- Liam Walsh
June
Winners and losers in the Queensland budget
An $11.2 billion spending spree on cost-of-living relief has showered Queenslanders with discounts for public transport and electricity bills.
- Tess Bennett and James Hall
Japan’s Itochu delays plans to exit Australian thermal coal
The conglomerate joins Glencore in reassessing its decision to exit the fossil fuel with energy security prioritised amid rising geopolitical tensions.
- Peter Ker
May
Push for wider carbon capture ban in Great Artesian Basin
The Albanese government is being pressured to follow Queensland’s lead and slap a ban on carbon capture and storage projects in the entire underground water network.
- James Hall
Furious Glencore slams Qld knockback of emissions project
The mining giant has blasted the state government’s decision to reject the carbon capture storage project amid growing pressure from Queensland’s ambitious targets.
- James Hall
- Analysis
- Mergers & acquisitions
BHP’s siren song to Anglo shareholders is operational excellence
A claim to be the mining sector’s “best operator” is a big part of BHP’s pitch to Anglo American shareholders, as it promises to get more blood out of the same stones.
- Peter Ker
April
BHP’s rivals for Anglo American set to emerge
The UK-listed miner has rejected an approach from BHP, but other major miners including Rio Tinto could announce a competing bid.
- Updated
- Tom Wilson
BHP’s $60 billion copper play was years in the making
How chief executive Mike Henry has been methodically hunting a big deal for years.
- Thomas Biesheuvel, Dinesh Nair and Paul-Alain Hunt
Anglo American rejects BHP’s $60b bid for copper supremacy
Anglo American investors were already cool on BHP’s offer as the race between global mining heavyweights for copper assets hots up.
- Brad Thompson and Elouise Fowler
The rare earths mine becoming a bellwether for US minerals policy
China is home to 70 per cent of rare earths mining and 90 per cent of processing capacity. Tackling this dominance has become one of Washington’s strategic priorities.
- Harry Dempsey
‘Unequivocal failure’: Activist fund tries to unseat Larry Fink
Bluebell Capital Partners is proposing to oust the BlackRock founder as chairman of the world’s largest asset manager.
- Updated
- Brooke Masters
March
Borrowers squeezed: RBA; UK tax hits Aussies; Apple’s core problem
Read everything that’s happened in the news so far today.
Glencore abandons coal production cap as another climate pledge fails
Five years after it promised to cap annual coal production at 150 million tonnes, Glencore has withdrawn the policy.
- Peter Ker
Big Glencore shareholders will back coal plan
Big shareholders in Glencore say swift coal divestments are not the answer, but they are inclined to trust the company’s coal demerger plan.
- Peter Ker
