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Mineral Sands

Tit-for-tatPremiumMinRes faces messy legal row with ousted buying boss

Chris Ellison’s Mineral Resources is poised for a bitter legal battle with an ousted and angry procurement boss it claims breached his obligation to not earn secret profits.

Neale Prior

Troubled assetCommentsPremiumOutgoing Iluka chair to reprise role at Sierra

Outgoing Iluka Resources chairman Greg Martin will assume the role at the company’s spun-out Sierra Rutile business, citing unfinished business and saying he is not ready to admit defeat at the troubled asset.

Stuart McKinnon

Critical mineralsCommentsPremiumGovt sees WA votes as critical in big refinery loan to Iluka

The Morrison Government will give WA-based mineral sands miner Iluka Resources a $1.25 billion low-interest loan to develop a rare earths refinery as it hit the hustings in Perth on Monday.

Daniel Newell

Vote lostCommentsPremiumImage sees off challenge by dissident shareholder

Image Resources has seen off a challenge by dissident Chinese-controlled shareholder Murray Zircon to remove three directors from its board.

Stuart McKinnon

Prices upCommentsPremiumBase profit bolstered by higher mineral sands prices

Base Resources has posted a first-half profit of $US19.2 million ($26.6m) on the back of rising demand and prices for its mineral sands products.

Stuart McKinnon

Restructure questionCommentsIluka boss says value will guide demerger call

Iluka Resources boss Tom O’Leary says any decision to demerge the company’s troubled Sierra Rutile division would be focused on optimising shareholder value.

Stuart McKinnon

Trouble brewingCommentsPremiumImage set for board showdown with major Chinese shareholder

Image Resources is steeling itself for a showdown next month with its major Chinese shareholder, which is seeking to oust three directors from the mineral sands miner’s board.

Stuart McKinnon

No caseCommentsPremiumShareholder class action against Iluka dismissed

A Federal Court Justice has dismissed a long-running shareholder class action against WA mineral sands miner Iluka Resources.

Stuart McKinnon

Disgruntled shareholderCommentsPremiumImage directors face exit vote

Chinese-backed Murray Zircon has called for an extraordinary meeting of shareholders of Image Resources to remove three members of the WA mineral sands miner’s board and replace them with its own nominees.

Stuart McKinnon

Big delaysCommentsPremiumLynas hires its own boat after shipping times double

Lynas Rare Earths, one of the few suppliers of the critical minerals outside China, said global shipping disruptions are getting no better, after chartering its own vessel to avoid delays for customers.

Strengthening resourcesCommentsPremiumChina cements rare earths dominance with new global giant

China formed a rare-earths giant by merging some key producers, creating a behemoth that will strengthen its control over the global industry it has dominated for decades.

Most notableCommentsPremiumThe top 10 moments of business in 2021

From mine site sex assaults and labour shortages to Twiggy’s green energy push, it has been a big year for business. These were the top 10 moments.

Sean Smith

New eraCommentsPremiumWA explorers strike breakthrough deals in Tanzania

A clutch of WA-based explorers have struck long-awaited agreements with the government of Tanzania that they hope will open a development path for their respective projects.

Stuart McKinnon

SpinifexCommentsPremiumStrandline sees big future in mineral sands

While punters often lose interest in stocks when they graduate from explorer to developer, Strandline Resources could be a company that has more upside for a long time to come.

Stuart McKinnon

Strength to strengthCommentsPremiumMineral exploration expenditure continues to soar

Mineral exploration expenditure for the September 2021 quarter was up 32 per cent from the same time last year, according to data from the Australian Bureau of Statistics.

Caitlin Paroczai

Supply dealCommentsPremiumVRX up on Korean offtake agreement

Shares in VRX Silica have jumped after the aspiring sands miner signed a non-binding term sheet for offtake over its Arrowsmith North project near Dongara.

Stuart McKinnon

Funding rethinkCommentsPremiumNAIF takes another look at Thunderbird loan

The Northern Australia Infrastructure Facility is re-examining its proposed $90 million loan to the Thunderbird mineral sands project in the Kimberley following scope and ownership changes.

Stuart McKinnon

More jobsPremiumStrandline secures $150m NAIF loan for Coburn project

Strandline will proceed with full development of its Coburn mineral sands project in the Gascoyne after securing financial closure of a $150m loan from the Northern Australia Infrastructure Facility.

Caitlin Paroczai

Global demandPremiumArafura looks to rival China’s rare earth dominance

European automakers are in discussions with Australian rare earths explorer Arafura Resources about sourcing elements that help power electric cars from outside China, which dominates global supply.

Elisabeth Behrmann

Back onlinePremiumRio resumes operations at Richards Bay after violence

Mining giant Rio Tinto has restarted its mineral sands mine in South Africa after a stabilisation in the security situation around the mine.

Stuart McKinnon

‘Out of hand’PremiumRio shuts South Africa project over security fears

Security concerns at Rio Tinto’s mineral sands operation in South Africa have forced it to declare force majeure on customer contracts.

Daniel Newell

Biodiversity reviewPremiumVRX reassures investors over Arrowsmith

VRX Silica says the EPA’s decision to order a public environmental review over its Arrowsmith North project is consistent with its expectations.

Stuart McKinnon

Operations ‘unsustainable’PremiumIluka starts clock on future of virus-hit Sierra Rutile

Shares in Iluka Resources have dived after it revealed plans to shutter underperforming and financially “unsustainable” rutile operations in Sierra Leone.

Daniel Newell

Project goPremiumMineral sands mine brings big investment to Gascoyne

Strandline pushes button on $338m project near Shark Bay, which will require 300 workers during construction and provide 150 jobs once in operation.

Stuart McKinnon