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.
Adrian Rauso
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.
Simone Grogan
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.
Revenue at WA’s biggest pure play lithium miner has plunged as it cuts down production to see through a sustained downturn in lithium prices, while losing six days to a chaotic Pilbara cyclone season.
Mineral Resources was among the miners spearheading ASX losses today, with the Chris Ellison-led company now worth 79 per cent less than this time last year.
IGO’s chief financial officer will finish up at the end of 2025, calling time after five and a half years with the battery metals miner.
The 18-hectare Paris Grove village in Australind was put on the market last year after Albemarle iced the expansion of its nearby Kemerton lithium plant amid weak prices for the battery metal.
Deterra Royalties is a step closer towards locking in a new revenue stream after a $4.6 billion lithium carbonate project in the United States got the investment tick off.
Mineral Resources and its founder Chris Ellison are facing a court showdown following a series of scandals that have cut the lithium and iron ore miner’s market value in half over the past six months.
Daniel Newell and Adrian Rauso
The future cost to rehabilitate Greenbushes is rising exponentially and the fabled lithium mine’s profitability has fallen dramatically, despite its annual bottom line sticking above $700 million.
Rio Tinto is reportedly keen to ride on the coattails of a deal in the Congo that could unlock a big piece of the world’s largest hard rock lithium deposit and save stranded shareholders of AVZ Minerals.
The lithium miner and refiner also flagged the rising trend of trade protectionism in the industry globally amid the increasing strategic importance of lithium.
Annie Lee
Mineral Resources has cut 15 white-collar workers from its Osborne Park headquarters, saying it was focused on ‘operational efficiencies’.
Adrian Rauso & Matt Mckenzie
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