The market has digested the shock news that Rio Tinto’s head honcho is on the way out, seemingly not of his own volition, a decision that could have massive ramifications and leaves unanswered questions.
Adrian Rauso
The sudden departure of Rio Tinto chief Jakob Stausholm took everyone by surprise.
Wesfarmers has revealed it expects to book a $60m loss for its share of the Covalent Lithium joint venture this year as it concedes prices for the key battery metal will remain depressed in the short term.
Daniel Newell
Electric vehicle sales in China rose 58 per cent year-on-year in April, a positive sign for struggling WA lithium miners with the battery commodity’s price running low on juice.
WA’s Environmental protection Authority will run the rule over plans to significantly expand the size of the Greenbushes lithium mine after hundreds of submissions to the watchdog called for a full assessment.
Rio Tinto has agreed to invest in a Chilean lithium project controlled by Codelco as the world’s second-biggest miner continues its expansion into the battery metal.
Thomas Biesheuvel
Mineral Resources has named its man to lead a rebuild of the miner’s depleted board and regain the trust of shareholders left burnt by a series of scandals.
Daniel Newell and Adrian Rauso
The company behind the first lithium mine to fall in Australia’s battery metals glut is looking to drum up $200 million to switch it back on, opining there are still customers for the out-of-vogue commodity.
Simone Grogan
Australia’s biggest conglomerate is getting a piece of the State Government’s support package for the languishing lithium industry.
The superannuation fund has bailed out of Mineral Resources over persistent ‘serious governance concerns’, but shares in the embattled miner have risen.
Plans to produce more road building materials from lithium waste is bringing a spurt of activity to an idle mining operation on Ravensthorpe’s doorstep.
Stranded shareholders of AVZ Minerals have been thrown a lifeline after the delisted West Perth outfit inked a sale deal for its Congolese lithium project before Chinese interests could seize control.
The State Government and WA’s two most prominent universities are looking to develop a Perth-based trading hub in hopes local miners fetch higher prices for their wares.
Lithium ‘must be close’ to hitting an inflection point and breaking through the latest glut, PLS boss Dale Henderson has wagered, as falling prices brutally cull the wheat from the chaff.
Australia’s newest lithium producer, backed by Gina Rinehart, has been given a boost by the Cook Government with a $15 million interest-free loan and temporary waiver on mining fees.
The departure of director Denise McComish left MinRes in breach of listing regulations that require its audit and risk committee to have at least three directors and be led by an independent chair.
Sean Smith
IGO boss Ivan Vella is running out of patience with the perennially problematic lithium hydroxide refinery it shares with Tianqi.
Gold’s record run has spurred Delta Lithium to spin-out its Mt Ida development into a separate ASX-listed company.
Shareholders in Mineral Resources have breathed a sigh of relief despite the company losing $250 million of cash in the March quarter and net debt swelling to $5.4 billion.
Adrian Rauso and Daniel Newell
Owners of the massive Greenbushes lithium mine in the South West have lodged environmental approvals to lift volumes in the long term, despite prices for the battery metal sitting firmly in the doldrums.
A London subsidiary of Mineral Resources has written off more than $60 million after shutting a Chinese lithium marketing operation that ran for less than two years and employed five people.
Simone Grogan and Adrian Rauso
Rare earth players are in pole position for the Federal Government’s $1.2 billion mining splash, while battered lithium and nickel miners and refiners wait to see if they will get a look-in.
The Australian Council of Superannuation Investors has questioned how shareholders can be assured Chris Ellison will abide by plans to step down by mid-2026 when questions over board exits go unanswered.
Liontown’s lithium mine is yet to be submerged by the commodity’s price rout after spitting out $14.2 million of cash during the March quarter.
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