MinRes founder Ellison forced out amid governance scandal
Chris Ellison will leave within 18 months as the board found he used company resources for his personal benefit and evaded taxes.
Australia, NZ & South Pacific
Aussie Syrah secures US$150M Washington loan for Mozambique graphite operation
Syrah Resources (ASX: SYR) has been given a US$150 million loan by the United States International Development Finance Corporation to support the development of its graphite operation in Mozambique. In…
‘We’ve moved on,’ BHP says of failed Anglo bid, before walking back comments
BHP’s (ASX: BHP) leadership gave its clearest indication yet that it won’t make another bid for smaller rival Anglo American (LSE: AAL), but later walked back some comments about “moving…
MinRes cuts jobs, costs amid CEO probe
Australia’s Mineral Resources (ASX: MIN), which is at the centre of a tax evasion probe involving its founder and CEO Chris Ellison, is cutting 570 jobs and slowing underground construction…
Rio Tinto adopts space tech for lithium exploration in Argentina
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has adopted space technology from Australia’s Fleet Space to boost its exploration efforts at its Rincon lithium project in Argentina. The world’s…
Private equity deals in mining tumble by half in 2024 – S&P
Private equity and venture capital transactions in the global metals and mining industry dropped sharply this year after reaching a five-year record last year, S&P Global Market Intelligence says. Total…
Trillions needed to achieve net-zero by 2050 — Wood Mackenzie
The world is currently on course for global warming levels between 2.5˚C and 3˚C by the end of the century, far exceeding the 1.5˚C target outlined in the Paris Agreement…
Gold stocks starting to outshine bullion: Canaccord report
Higher gold and silver prices are finally jump-starting the stock prices of the companies that mine the metals, Canaccord Genuity Capital Markets analysts said in a report this week. Equities…
Ioneer’s Rhyolite Ridge gains key permit, but legal and political risks loom
The United States’ Bureau of Land Management (BLM) on Thursday approved Ioneer’s (ASX: INR) Rhyolite Ridge lithium-boron project in southwest Nevada, opening the door for closing US$1.19 billion in funding….
Arkansas lithium projects heat up with royalty battle, huge underground resource
As Arkansas contends with booming lithium discoveries and investments by ExxonMobil (NYSE: XOM), Albemarle (NYSE: ALB) and Standard Lithium (TSXV: SLI) among others, the state faces a battle over the amount of…
BHP tops all miners in Forbes list of world’s best employers
Australian miner BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has earned a spot in Forbes list of the world’s best employers of 2024, placing best amongst all peers in the…
K92 says drilling shows bulk mining promise at Arakompa, near flagship PNG mine
Drill results from K92 Mining’s (TSX: KNT) pre-resource stage Arakompa gold-silver-copper project in Papua New Guinea has extended the strike to 750 metres, showing high-grade veins and bulk-mineable zones. Among…