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    Companies

    Mining

    Yesterday

    Coal miner New Hope was seeking $300 million via the sale of convertible notes on Wednesday night.

    New Hope makes it two convertibles in two days

    It’s good to see the miners creative with their funding structures.

    • Anthony Macdonald
    CITIC says it is fast running out of room to move at the  Sino Iron magnetite operations in WA.

    Judge backs CITIC claim that 3000 jobs at risk in Clive Palmer dispute

    A WA Supreme Court judge says the mine that represents China’s biggest investment on Australian soil could have to shut down within a few years.

    • Brad Thompson
    Chalice Mining managing director Alex Dorsch says Mitsubishi has “access to pools of capital which have a very low cost relative to other capital”.

    Chalice cops a beating on back of weak link to Mitsubishi

    The miner’s share price plunged almost 20 per cent after the market was underwhelmed by the potential tie-up with the Japanese giant.

    • Brad Thompson

    This Month

    Liontown boss Tony Ottaviano  says the Kathleen Valley lithium mine will start producing on time and on budget.

    Liontown’s future tied to Korean battery giant in $379m funding deal

    Liontown boss Tony Ottaviano says the company’s flagship Kathleen Valley mine would be in production on-time and on-budget before the end of the month.

    • Brad Thompson

    Bye-bye, banks: Liontown’s wild ride reveals critical minerals truths

    The harsh reality of where the ASX’s two biggest sectors – banking and mining – cross over has played out before our eyes.

    • Anthony Macdonald
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    Liontown chairman Tim Goyder at Parliament House in May.

    Liontown in offtake deal to replace banks; eyes on POSCO

    Sources said the company was close to announcing an offtake deal to replace those banks – with the South Korean steel manufacturer said to be involved.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Spartan Resources Dalgaranga Gold Project in WA’s Murchison region.

    Big lick of Spartan Resources shares trade, again

    Street Talk spotted three trades in the West Australian gold explorer after Monday’s closing bell.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Argentina is part of the South American lithium triangle, a focus for explorers and developers of the commodity, including Lake Resources.

    Lithium play Lake Resources slashes jobs and puts assets up for sale

    The ASX-listed group said this would allow it to focus on its flagship $2 billion Kachi project in Argentina, which has already been delayed until 2027.

    • Brad Thompson
    Former Fortescue iron ore chief executive Fiona hick has joined the board of evolution Mining.

    Fortescue’s ex-iron ore boss joins Evolution board after abrupt exit

    The long-time resources executive has become a director of the gold and copper producer almost a year after leaving Andrew Forrest’s iron ore and energy group.

    • Brad Thompson
    Chinese electric vehicles face big tariffs in Europe and the US.

    Officials warn US, EU manufacturing boost could hit Australian miners

    China is Australia’s largest buyer of resources, and in the last financial year accounted for $156 billion in sales, to feed its factories and power stations.

    • Elouise Fowler

    June

    Calidus Resources' Warrawoona Gold Project is located in the emerging Pilbara goldfields.

    Pilbara gold miner Calidus collapses as Macquarie calls in receivers

    The ASX-listed company runs the Warrawoona mine near Marble Bar in Western Australia and was working with SQM to develop the Pirra lithium project.

    • Kylar Loussikian
    Tianqi’s processing plant in Kwinana, south of Perth. The company would be eligible for tax credits under the government’s draft proposal.

    Labor plans to open $13.7b critical minerals incentives to Chinese firms

    China’s Tianqi and other foreign-owned entities are poised to qualify for the production tax credits, the draft eligibility guidelines reveal.

    • Updated
    • Brad Thompson
    Ray David, of Blackwattle Investment Partners, says Rio Tinto’s dual-class structure is antiquated.

    How a shake-up could unlock $40b for Rio Tinto investors

    BHP cleaned up its outdated corporate structure and can now do things like bid for Anglo American. There is pressure building on Rio Tinto to consider doing the same.

    • Anthony Macdonald
    Lynas Rare Earths boss Amanda Lacaze.

    Lynas to break China’s heavy rare earths stranglehold

    The Amanda Lacaze-led miner will start producing two critical minerals that are essential to the US and its allies from next year.

    • Brad Thompson
    Yancoal coal mine.

    China Cinda sells down at Yancoal, again

    This is the second time this year the firm has sold down its stake, bringing its stake under 10 per cent.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
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    Man accused of using inside information to trade shares

    Duncan Stewart, charged with four counts of insider trading of Kidman Resources stock, will face a criminal trial in Melbourne next month.

    • Elouise Fowler

    BHP’s carbon emissions to increase this year

    However, the company says it is still on track to reach its self-imposed 2030 emissions target without buying carbon offsets.

    • Elouise Fowler
    Steelmaking coal miner is targeting a fourth quarter 2024 IPO.

    Valory launches pre-IPO raise; Crocodile Capital in

    Street Talk understands the miner was in the market on Wednesday, seeking to raise up to $20 million via a convertible note.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Uranium is back in favour.

    Uranium play Bannerman Energy launches $76m raise; hires three brokers

    JP Morgan, Jett Capital Advisors and Euroz Hartleys were mandated for the raise. 

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Czech entrepreneur and investor Pavel Tykac.

    Czech coal baron’s bid for control of ASX miner collapses

    Pavel Tykac’s family office, Sev.en, agreed to buy 51 per cent of Coronado, but the deal will not proceed after failing to get past FIRB in time.

    • Updated
    • Elouise Fowler