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Australasia

Gold Fields CEO Mike Fraser
Gold Fields boosts free cash, uplifts dividend, outlines South Deep renewables outlook
Updated 5 hours ago By: Martin Creamer

Johannesburg- and New York-listed Gold Fields on Thursday, February 20, delivered an attributable profit of $1 245-million for the year to the end of December, which was well up on the $703-million... 


Dean Horton appointed to Canyon board
Updated 5 hours ago By: Tasneem Bulbulia

ASX-listed Canyon Resources has appointed Dean Horton a nonexecutive director, starting February 19. Horton’s appointment supports the board’s strategy of attracting and building a proven,... 


Whitehaven Coal beats profit estimates, shares soar
Whitehaven Coal beats profit estimates, shares soar
Updated 5 hours ago By: Reuters

Australia's Whitehaven Coal reported better-than-expected first-half earnings on Thursday, helped by higher production and sales due to strong contributions from its mines in New South Wales.... 


Miner Pilbara sees lithium demand rallying on China mine restart
Miner Pilbara sees lithium demand rallying on China mine restart
Updated 6 hours ago By: Bloomberg

Australia’s largest pure-play lithium producer Pilbara Minerals said it sees demand recovering on the restart of a large mine and refinery in China, even as it reported a net loss in its half-year... 


World’s biggest miners pinched by iron-ore’s China problem
World’s biggest miners pinched by iron-ore’s China problem
Updated 6 hours ago By: Bloomberg

The world’s biggest miners, having cashed in on China’s once-rampant demand for iron-ore, are starting to reel from the impact of their main customer’s economic struggles. BHP Group, Rio Tinto... 


Poll shows rising support for uranium mining in WA
Poll shows rising support for uranium mining in WA
20th February 2025 By: Creamer Media Reporter

New polling data reveals that a majority of West Australians support lifting the state's uranium mining ban, as the global demand for the commodity continues to rise. The survey, conducted by... 


Fortescue Energy CEO Mark Hutchinson
Fortescue adjusts green energy timelines amid market uncertainty
20th February 2025 By: Mariaan Webb

Australia’s Fortescue remains committed to its green energy vision, but is adjusting project timelines to navigate global market uncertainties, the CEO of its energy division, Mark Hutchinson, said... 


Wyloo, Hastings to form Yangibana rare earths JV
Wyloo, Hastings to form Yangibana rare earths JV
20th February 2025 By: Creamer Media Reporter

Billionaire Andrew Forrest’s Wyloo has entered into exclusive negotiations with ASX-listed Hastings Technology Metals to establish an unincorporated joint venture (JV) for the Yangibana rare earths... 


Jacob Stausholm delivered Rio Tinto's 2024 results from the US, where he is meeting with officials.
Rio Tinto CEO weighs in on Trump’s aluminium tariffs
20th February 2025 By: Mariaan Webb

Rio Tinto CEO Jakob Stausholm has expressed caution regarding the potential impact of US President Donald Trump’s proposed 25% import tax on all steel and aluminium, stating that the ultimate... 


Rio Tinto opposes bid to cut London listing, 2024 profit hits five-year low
Rio Tinto opposes bid to cut London listing, 2024 profit hits five-year low
20th February 2025 By: Reuters

Rio Tinto does not support a push by some shareholders to consolidate the company's dual-exchange share listing in Sydney, its CEO told Reuters on Wednesday as the miner reported its lowest... 


AngloGold CEO Alberto Calderon
Higher gold price boosts AngloGold’s headline earnings, free cash flow
19th February 2025 By: Sabrina Jardim

Global gold mining company AngloGold Ashanti has reported a nine-fold year-on-year increase in free cash flow to $942-million for the financial year ended December 31, while adjusted earnings... 


Fortescue secures over 90% of Red Hawk
19th February 2025 By: Creamer Media Reporter

ASX-listed Fortescue has acquired a 90.09% stake in Red Hawk Mining through its wholly owned subsidiary FMG Pilbara, triggering a compulsory acquisition process. In a market notice issued on... 


Glencore, CEO Gary Nagle.
Operationally, 2024 was strong year for Glencore, CEO Gary Nagle highlights
19th February 2025 By: Martin Creamer

Operationally, 2024 was a strong year for Glencore,  CEO Gary Nagle highlighted on Wednesday, when the London- and Johannesburg-listed diversified mining and marketing company’s industrial assets... 


South Harz secures funding for German potash project
19th February 2025 By: Mariaan Webb

ASX-listed South Harz Potash has raised A$500 000 through the issue of 50-million fully paid ordinary shares to advance its Ohmgebirge potash development in Germany. The placement includes A$149... 


Iluka CEO Tom O'Leary
Iluka’s new mineral sands mine nears commissioning
19th February 2025 By: Mariaan Webb

Australian miner Iluka Resources is progressing its mineral sands and rare earths strategy, with the company set to commission its Balranald mine in the second half of 2025 while advancing studies... 


The Stillwater mine
Sibanye-Stillwater flags narrowed 2024 full-year loss a share; a further $500m impairment
19th February 2025 By: Creamer Media Reporter

Multinational mining and metals processing group Sibanye-Stillwater expects to report a loss a share of between R2.45 ($0.13) and R2.71 ($0.15) for the financial year ended December 31, which would... 


Glencore Alloys CEO Japie Fullard.
South Africa’s chromite recovery potential broadened by Glencore, Sibanye deal
19th February 2025 By: Martin Creamer

South Africa’s chromite recovery potential has been broadened by Wednesday’s joint venture (JV) agreement between Glencore Operations South Africa and Sibanye-Stillwater. “We’ll definitely extend... 


Sovereign completes Kasiya testwork
19th February 2025 By: Sabrina Jardim

ASX-listed Sovereign Metals has reported that testwork completed on graphite from its Kasiya rutile/graphite project, in Malawi, has confirmed that the project’s graphite has the key... 


Copper falls as Citi predicts prices will retreat on US tariffs
Copper falls as Citi predicts prices will retreat on US tariffs
19th February 2025 By: Bloomberg

Copper in London declined after Citigroup flagged risks of a pullback in prices from the impact of US tariffs on demand. The metal has risen almost 8% this year due to resilience in the physical... 


Westgold confirms potential Lakewood mill sale
Westgold confirms potential Lakewood mill sale
19th February 2025 By: Mariaan Webb

Dual-listed gold miner Westgold Resources said on Wednesday that the review of its expanded portfolio remained ongoing and confirmed that it could include the potential sale of the Lakewood... 


Mitsui secures $5bn stake in Rhodes Ridge iron-ore project
Mitsui secures $5bn stake in Rhodes Ridge iron-ore project
19th February 2025 By: Mariaan Webb

Japanese conglomerate Mitsui & Co has announced a $5.34-billion acquisition of a 40% stake in the Rhodes Ridge iron-ore project in Australia. As part of the transaction, Mitsui will acquire VOC... 


Santos CEO Kevin Gallagher
Santos posts lower profits and slashes dividend, but sees growth ahead
19th February 2025 By: Reuters

Australian oil and gas producer Santos reported a steeper-than-expected drop in annual profit and slashed its dividend by 41% on Wednesday, but remained confident it was reaching an "inflection... 


Chinese lithium company halts tech exports as trade tensions build
19th February 2025 By: Reuters

A Chinese company has stopped exporting a piece of equipment used to process the electric vehicle battery metal lithium, in the clearest sign yet manufacturers are already implementing export... 


BHP raises $3bn through US bond issue
BHP raises $3bn through US bond issue
19th February 2025 By: Reuters

BHP Group, the world's largest listed miner, on Wednesday said it raised $3-billion through an issue of senior unsecured bonds in the United States. The bonds will be issued in three tranches by... 


Mineral Resources CEO Chris Ellison
Mineral Resources sees worst day in 16 yrs on production woes, higher costs
19th February 2025 By: Reuters

Shares of Mineral Resources (MinRes) plunged to their worst day in 16 years on Wednesday after the Australian miner cut its fiscal 2025 production volumes and raised costs for its Onslow iron... 


Aboriginal group seeks $1.1bn from Western Australia in iron-ore claim
Aboriginal group seeks $1.1bn from Western Australia in iron-ore claim
19th February 2025 By: Reuters

An Aboriginal group is seeking A$1.8-billion ($1.1-billion) from Western Australia in compensation after the state government allowed Fortescue to mine for iron-ore without a land use deal, court... 


Cobalt Blue diversifies, proposes name change
Cobalt Blue diversifies, proposes name change
18th February 2025 By: Creamer Media Reporter

ASX-listed Cobalt Blue Holdings (COB) on Tuesday announced an earn-in agreement with AuKing Mining for the Halls Creek project in Kimberley, Western Australia. The earn-in agreement diversifies... 


Clockwise (from top left) CEO Niël Pretorius, CFO Riaan Davel and COO  Jaco Schoeman.
High-flying DRDGOLD’s 18th consecutive dividend illuminated by 50%-higher payout
18th February 2025 By: Martin Creamer

Johannesburg- and New York-listed DRDGOLD on Tuesday, February 18, reported soaring half-year operating profit and 28%-higher revenue for the six months to December 31. The strongly performing... 


St Barbara disputes PNG tax assessment
St Barbara disputes PNG tax assessment
18th February 2025 By: Mariaan Webb

Australian gold miner St Barbara has rejected a tax assessment issued by Papua New Guinea’s Internal Revenue Commission (IRC), which demands about A$175-million in additional taxes and penalties.... 


Goldman raises gold target to $3 100 on central-bank appetite
Goldman raises gold target to $3 100 on central-bank appetite
18th February 2025 By: Bloomberg

Goldman Sachs Group raised its year-end gold target to $3 100 an ounce on central-bank buying and inflows into bullion-backed exchange-traded funds, highlighting Wall Street’s enthusiasm for the... 


Winsome raises cash for Canada lithium project
18th February 2025 By: Creamer Media Reporter

Lithium explorer and developer Winsome Resources has secured firm commitments to raise A$7.84-million through an institutional share placement as it advances its Adina lithium project in Quebec.... 


Barro Alto nickel in Brazil
MMG to acquire Anglo American's nickel business for $500m
18th February 2025 By: Mariaan Webb

Diversified mining group Anglo American has agreed to sell its nickel business to mid-tier miner MMG for up to $500-million, the companies announced on Tuesday. The transaction, which includes... 


Robert Friedland
Billionaire Friedland’s iron-ore miner seeks up to A$300m in Australia IPO
18th February 2025 By: Bloomberg

Mining billionaire Robert Friedland’s latest venture, iron-ore producer Ivanhoe Atlantic, is seeking to raise as much as A$300-million from an initial public offering (IPO) in Australia, people... 


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