Yesterday
WA taps Albanese for $200m critical minerals hub
WA has earmarked land near where Alcoa is closing its alumina refinery and a BHP nickel refinery is hanging by a thread for a critical minerals processing hub it wants the Albanese government to co-fund.
WA Budget Winners and Losers
Households and prospective home buyers are expected to benefit from new spending measures, while there is no additional funding for farmers, and still no changes to the state’s payroll tax system.
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This Month
Iluka boss calls out China’s infiltration of rare earths in Australia
Tom O’Leary says China is trying to extend its global dominance in rare earths by controlling assets in Australia and rigging prices.
- Updated
Louis Dreyfus fires back at Olam in takeover battle for Namoi Cotton
The French agribusiness has struck another blow in the battle with its Singaporean competitor for control of Namoi Cotton.
Shaw and Partners boss says ‘fed-up’ Morgan Stanley brokers walked
“Heavy-handed” Morgan Stanley’s loss is Shaw’s gain, says co-CEO Earl Evans, who now manages $5 billion in WA wealth alone.
GrainCorp profit downgrade casts doubt over earnings target
GrainCorp boss Robert Spurway is expected to face a grilling over the company’s through-the-cycle guidance after a downgrade to 2023-24 earnings.
This BHP old boy thinks copper and rare earths prices will spike
Arafura Rare Earths boss Darryl Cuzzubbo says higher prices are inevitable for two commodities vital to the energy transition.
Backers of takeover target Austal want Hanwha in the race
Austal shareholders say the opening shots in takeover battle for the defence ship builder have fallen well short of the mark, but granting due diligence would be a start.
Forrest accuses US of sacrificing green dream to fossil fuel lobby
Fortescue founder Andrew Forrest unleashed on the US government over a threat to tax credits that underpin an $836 million green hydrogen project in Arizona.
Takeover battle for Namoi Cotton heats up with fresh bid
Singapore-based group Olam has moved to trump Louis Dreyfus’ latest takeover offer for the Australian business.
- Exclusive
- Foreign relations
‘No concerns’ with South Korean takeover bid for Austal: Marles
Defence Minister Richard Marles has given a fillip to Hanwha’s bid to buy Perth shipbuilder Austal, despite the deal raising security concerns.
MinRes in row over lithium processing hub
Poseidon Nickel, worth $22 million, has mounted a David versus Goliath legal battle with $14.1 billion MinRes over assets in the Western Australian Goldfields.
April
IGO says criticism unfair after talk of ‘incredibly opportunistic’ deal
West Australian lithium and nickel miner stands by its ties with Chinese partner Tianqi after the latter ordered a huge shipment this week at a “favourable” price.
Nickel miner axes 530 jobs as pressure builds for budget bailout
Resources Minister Madeleine King says government alone cannot solve nickel industry woes as job losses near 2000 since December.
Japan Inc backing for nickel mine puts BHP bailout in doubt
Sumitomo and Mitsubishi have agreed to back Ardea Resources and its $3.1 billion nickel laterite and cobalt project, about 80 kilometres from Kalgoorlie and BHP’s ageing nickel smelter.
Louis Dreyfus hits back in bidding war for Namoi Cotton
The French agribusiness giant has trumped a takeover from Olam in the latest twist in the battle for Namoi Cotton.
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.
- Updated
- Mining
BHP lobs $60b copper play for Anglo American
BHP is making a $60 billion bet on copper demand growing exponentially in the global shift away from fossil fuels, with a bold takeover bid for British resources heavyweight Anglo American.
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How ex-Bomber went from AFL to a big hit in lithium
Wildcat Resources executive director Matthew Banks played three games for Essendon, including two Anzac Day blockbusters. His career in mining has been more successful.
MinRes says $1b debt-reducing haul road sale is still on track
The iron ore and lithium miner expects to sell a stake in a haul road by June 30 as it weighs up a big investment in onshore gas processing.