Yesterday
Forrest’s private Windlab sells big wind projects to Fortescue
The ASX-listed mining group has quietly taken ownership of two projects that were previously controlled by the billionaire’s private renewables developer.
- Peter Ker and Brad Thompson
WA government, business warn against environment law deal with Greens
The WA Labor government, business and miners argue demands by the Greens could jeopardise future investment in resources.
- Tom Rabe and Phillip Coorey
Japan’s Chugoku puts its share of $1.1b Boggabri coal mine up for sale
The electricity retailer owns 10 per cent of the NSW operation, and it is the latest Japanese coal industry cornerstone firm to exit.
- Peter Ker
Survival of the fittest in lithium, says Pilbara Minerals boss
The company’s chief executive says lithium supply from bit players starting to wither away is a sign the price has reached a new floor.
- Brad Thompson
Rinehart-backed Arafura launches equity raise
Fund manager sources were told to expect a deal size in the order of $20 million, a sliver of the $US793 million that the company has flagged it would need.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
South32’s exquisitely timed downgrade
The company can’t be accused of timing things to its CEO’s benefit. But that doesn’t mean shareholders will like it.
- Myriam Robin
Lynas puts the acid on Labor after BHP halts nickel work
The rare earth company’s managing director, Amanda Lacaze, says the Albanese government should step in to help stop other companies becoming collateral damage.
- Brad Thompson
Rinehart-backed Arafura locks in $1.5b debt deal, chases $1.2b raise
The company is developing a rare earths refinery in the Northern Territory, defying concerns about pricing to win backing from Canada, Germany and South Korea.
- Brad Thompson
- Updated
- Manufacturing
Environmental rules threaten survival of South32’s Worsley refinery
More than $1b was wiped off the value of South32 as it cut production guidance and warned forest protection rules threatened the future of a WA alumina refinery.
- Updated
- Peter Ker
Australia’s third-largest coal customer warns of dwindling appetite
South Korea’s shift to nuclear power, along with milder weather, has already reduced the country’s coal use, which is set to further tumble over the decade.
- Elouise Fowler and Michael Read
Suitors scramble to get across Anglo’s $7.5b Queensland coal auction
Sharp-nosed suitors are expected to push for the company to take a chunk of the bid value as deferred consideration, tied to Grosvenor’s performance.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Mining boss calls for policy changes with more jobs in danger
The boss of WA’s peak resources lobby group says the Albanese government needs to step up to prevent more job losses.
- Brad Thompson and Tom Rabe
Whitehaven Coal says inflation is ‘rife’
The coal miner says the cost of parts and services continues to rise despite higher unemployment, as a rail “glitch” soured its $6.4b move into Queensland coal.
- Peter Ker
Forrest says Element Zero execs burned bridges ‘like Nazis’
Fortescue chairman Andrew Forrest has distanced himself from surveillance tactics used against former employees, but fully supported the IP lawsuit against them.
- Peter Ker
- Opinion
- Chanticleer
Fortescue’s hydrogen back-flip fails to become sugar hit it should be
One of the issues hanging over the miner is partly gone. So why aren’t fund managers jumping in? They may be more concerned by the company’s other big problems.
- Anthony Macdonald
- Opinion
- Chanticleer
Reality bites for Forrest’s hydrogen dream. Investors won’t mind
The biggest shake-up of Fortescue’s structure and strategy in years will be music to the market’s ear, but is more evidence the energy transition is spluttering.
- James Thomson
‘Twiggy’ Forrest and Gina Rinehart stick their boots in
The ultra-billionaires have a new realm in which to duel: boots.
- Mark Di Stefano
- Updated
- Energy
Labor’s hydrogen dream stalls as Fortescue slims down H2 vision
Fortescue will cut 700 jobs and slow its push into green hydrogen in a blow to the Albanese government’s plan to make Australia a hydrogen superpower supported by more than $8 billion of taxpayer funded incentives.
- Peter Ker and Angela Macdonald-Smith
BHP breaks iron ore export record, promises copper lift
The mining giant could raise copper production by 10 per cent in the year ahead as its most important commodities offset nickel and coal woes.
- Peter Ker
- Opinion
- The AFR View
Australia’s blue blood miner, management moderniser and business nationalist
During his heyday in the 1970s and ’80s, Sir Roderick Carnegie was a believer in the power of big corporations competing in open markets to drive human progress.
- The AFR View
