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    Companies

    Mining

    Today

    BHP chief executive Mike Henry   has called for a “comprehensive competitive agenda”.

    Union iron ore claim poses risks for green superpower hopes

    Let’s hope for the sake of Australia’s energy transition that we don’t return to the bad old days of industrial disruption in the Pilbara.

    • The AFR View

    Yesterday

    BHP and Rio Tinto iron ore mines in the Pilbara have been largely de-unionised for decades.

    BHP forced to negotiate in new push to unionise Pilbara

    Unions have forced BHP to the negotiating table and are demanding Rio Tinto do the same, a big breakthrough in their attempts to re-unionise the country’s biggest export industry after decades on the sidelines.

    • Brad Thompson

    This Month

    Kalgoorlie has hosted the annual Diggers & Dealers mining conference in the last week.

    Gold saves the day as Diggers deals with the nickel and lithium rout

    The annual Kalgoorlie conference was abuzz with the hopes and dreams of nickel and critical minerals groups – last year. How different things are now.

    • Brad Thompson
    Sandstone escarpment and bim (rock art) on Jabiluka’s mineral lease.

    ‘Arguable’ case over axing Jabiluka mine permit, judge says

    Energy Resources of Australia, leaseholder for the Jabiluka uranium mine, secured an 11th hour legal win just days before the permit was set to expire. 

    • Elouise Fowler
    The battle in the UK High Court has been hard fought by BHP.

    Lawyer fees for class action against BHP top $680 million

    BHP’s portion of the costs for the 22-week trial are forecast to be about £108 million, according to documents filed with Britain’s High Court.

    • Ronald Mizen
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    Mark Creasy emigrated from the UK in 1964, after graduating from the British Royal School of Mines, and took a job in a Queensland coal mine.

    Creasy in talks to buy Macquarie’s $148m debt at bombed-out gold miner

    Sources say the trade has been agreed at (or close to) par with its carrying value, meaning Macquarie would make whole on its money.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Former Fortescue chief scientist Bart Kolodziejczyk .

    Fortescue chief scientist fudged CV, court told

    Federal Court documents reveal a buried conflict within Fortescue’s ranks between Andrew Forrest and an Element Zero defector.

    • Brad Thompson
    Glencore chief executive Gary Nagle has been surveying major shareholders on whether the company should spin off its coal mining division.

    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
    Gold producers Red 5 and Silver Lake merged in June.

    Red5 launches $138m block trade; Euroz Hartleys on ticket

    Shares were priced at 0.335¢ a pop – a 5.94 per cent discount to the five-day volume-weighted average price.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Paul Graves is the chief executive of Arcadium. He is warning about the sustainability of mines as lithium prices remain depressed.

    Arcadium flags it may have to shut Mt Cattlin amid low lithium prices

    The chief executive of the world’s third-biggest lithium company, Paul Graves, says few mines make sense at current prices.

    • Peter Ker
    Fortescue Metals chief executive Dino Otranto.

    Iron ore producers must learn from nickel: Fortescue boss

    Australia must invest heavily in green iron or risk losing out to international competitors, chief executive Dino Otranto warns

    • Tom Rabe
    Sandstone escarpment and bim (rock art) on Jabiluka mineral lease.

    Jabiluka owner sues over axing of uranium mine permit

    ERA, majority-owned by Rio Tinto, lobbed the case in a bid to overturn the NT’s decision to revoke its lease to mine uranium in Kakadu.

    • Elouise Fowler
    Liontown chief executive Tony Ottaviano  speaking at the Diggers & Dealers mining conference in Klagoorlie.

    Liontown pleads case for fast-tracking lithium royalty relief

    Liontown Resources boss Tony Ottaviano says governments must act sooner rather than later on fiscal policy to avoid a repeat of the nickel exodus.

    • Brad Thompson
    Mineral Resources boss Chris Ellison is cutting jobs, adding to the downturn in WA employment.

    MinRes joins job cuts carnage in WA mining

    The Chris Ellison-led Mineral Resources is slashing its white-collar workforce amid iron ore mine closures and a retreat in its lithium expansion plans.

    • Brad Thompson
    St George Mining’s raising pitch centred on its M&A target’s proximity to niobium bigwig CBMM’s mines.

    Rare earths explorer St George buys Brazilian project; raise underway

    Potential investors were told the project sits in the same complex as the Brazilian giant CBMM’s assets, which control 80 per cent of the world’s niobium mineralisation.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
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    Lynas Rare Earths boss Amanda Lacaze says it would be a mistake not to consider nuclear power in Australia.

    Lynas boss Lacaze sees merit in nuclear power option

    Lynas Rare Earths boss Amanda Lacaze says Australia needs to be energy-supply agnostic if it is realistic about becoming a critical minerals superpower.

    • Brad Thompson
    Galan Lithium shares have plunged 84.6 per cent over tha past 12 months.

    Texas-headquartered EnergyX lobs $US150m bid for Galan Lithium

    EnergyX’s proposal, lobbed on July 11, sought to acquire Galan’s assets in the Salar del Hombre Muerto region within the so-called lithium golden triangle.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Posco is hunting for lithium investments in Australia.

    Korea seeks Australian lithium to secure US subsidies, sideline China

    The US offers electric carmakers tax breaks for sourcing components from it and its free trade partners such as Australia and South Korea, not China.

    • Elouise Fowler and Michael Read
    Northern Star is betting big on an expansion of the Superpit mine on the doorstep of Kalgoorlie.

    Northern Star boss says China’s reserves are gold’s best bull signal

    Australia’s biggest gold miner, Northern Star boss Stuart Tonkin, said the race for the White House is not the main game as far as gold is concerned.

    • Brad Thompson
    Fortescue executive chairman Andrew Forrest.

    Fortescue in-house lawyer issued spying instructions, court told

    Fortescue’s internal counsel personally reviewed the social media of an Element Zero defector to determine his location, according to an affidavit.

    • Brad Thompson