As Australia’s biggest companies do all they can to cut costs, the corporate juggernauts are pulling back profits to pay shareholders.
Blair Jackson
The full list of demands imposed on BHP by the AWU can be revealed, with excess superannuation and fortnightly ‘mentoring bonuses’ being piled onto yearly $10,000 ‘retention bonuses’ and wage hikes.
Adrian Rauso
The millionaire’s factory believes the value of nickel will rise about 40 per cent over the next four years thanks to problems in China and Indonesia.
Gold climbed to a record after another faster-than-forecast US inflation print and an uptick in applications for unemployment benefits substantiated bets that the Fed will cut interest rates next week.
Sybilla Gross
The clock is ticking on the State Government’s promise to freeze out private coal generator Bluewaters — but shadow minister Steve Thomas says the company should be given a fair go.
Matt Mckenzie
Explorers will need to prove their discovery does actually have a “reasonable prospect” of becoming a mine and make sure they factor in ESG considerations under changes to a longstanding mining code.
Simone Grogan
Glencore has cut ties with the inaugural mining services provider at Murrin Murrin to streamline WA’s last remaining long-life nickel operation in the face of severe market headwinds.
Explorer Chalice Mining has lauded the State Government’s call not to ‘sterilise’ Julimar Forest’s mineral potential, as it dials back drilling and sells up staff housing in the thick of a battery metals rut.
Chinese lithium kingpin CATL has confirmed reports of a massive mine closure, giving local lithium stocks a second wind, while Russia’s tough talking president sent uranium plays flying.
In a desert city plagued by power outages, a colourful floating culprit is to blame for the latest outage.
Worries have been raised that a $20 million, four-storey, 200-room hotel being proposed for Kalgoorlie-Boulder will turn into a rowdy fly in, fly out campsite.
Tegan Guthrie
The Albanese Government has launched an assault on the resources sector on two fronts.
Adrian Rauso & Dan Jervis-Bardy
‘We need to eliminate about 100 million tonnes to balance this market, and to do that we need prices to settle in the $US80,’ says on analyst.
Bloomberg
Australia’s construction sector lost almost 9,000 working days in the June quarter to industrial action.
Shareholders in listed lithium mining companies collectively gained billions of dollars on Wednesday after months of doom and gloom.
Greatland Gold has inked a $US475 million ($714m) cash-and-scrip deal to buy Newmont’s ageing Telfer gold mine and sweep up the remaining interest it doesn’t already own in the Havieron discovery.
Daniel Newell
Environment Minister Tanya Plibersek has called for "a bit of common sense" from mining bosses, while Peter Dutton pledges to be their "best friend".
Marion Rae and William Ton
BHP says it contributed over $15 billion to Western Australia’s economy last financial year, as the mining giant holds its ground against attacks by Federal Labor.
Miners are being urged to lobby the Coalition to back a stripped-back Environment Protection Agency before Labor rushes off to cut a deal with the Greens.
Dan Jervis-Bardy and Katina Curtis
Workers at two Mineral Resources lithium mines in WA will either have to spend more time on site or put their hand up for a redundancy.
Global Lithium Resources will shed directors, dock its chair’s pay and put its flagship exploration project on ice in the wake of an attempted board ousting and as prices for the battery metal languish.
The front of a truck carrying a crane went up in flames on a Pilbara highway next to BHP’s crown jewel WA iron ore mining operation.
BCI Minerals has been granted environmental approvals for its $1.4 billion Mardie project near Karratha, paving the way for the production process to start at Australia’s first major salt project in 25 years.
Chris Ellison’s flagship company is scurrying to find out why within a fortnight two trucks toppled over from roads servicing the company’s new $3 billion iron ore project in the Pilbara.
