News Articles for Mineral Resources

Corporate regulator ASIC, giant superannuation fund HESTA and ratings agency Moody's are among groups continuing to apply pressure to MinRes over its governance standards and financial health.

Oh dear, Chris Ellison's actions at Mineral Resources look much worse when you add them all up.

Mineral Resources boss Chris Ellison is set to depart the iron ore and lithium miner within 18 months and pay millions of dollars in financial penalties.

Embattled miner Mineral Resources has paused underground development at its Mt Marion asset and revealed the scale of its job cuts amid challenging market conditions.

Gina Rinehart's Hancock Prospecting has struck a deal to buy Mineral Resources' Perth Basin gas assets for up to $1.13 billion and pledged to accelerate their development.

Mineral Resources started an investigation into founder Chris Ellison's tax affairs more than two years, but decided the matter did not need to be disclosed.

AustralianSuper was among the big sellers of Mineral Resources shares on Monday, cashing out $48 million worth, following allegations of tax evasion. The major industry fund sold more

ANALYSIS: After a week or so of intense scrutiny around his private life, WiseTech Global boss Richard White has stepped aside today, proving founders are vulnerable to the public mood.

Mineral Resources shares have crumbled about 12 per cent this morning after allegations emerged its chief Chris Ellison evaded tax for years through an offshore scheme.

Just one major resources project has been sanctioned in WA this year and the pipeline of future projects is thin, a review by Business News has found.

Mineral Resources has cut another round of jobs against weak prices for its targeted commodities, this time from its exploration team.

Annual production at Hancock Prospecting's proposed Mulga Downs iron ore mine in the Pilbara has been cut from 20 million tonnes to 12mt after the miner slashed the project footprint.

Lithium Universe has defied market trends to post an upbeat prefeasibility study for its Bécancour lithium carbonate refinery in the Canadian city of Québec, delivering a pre-tax NPV of US$779 million (AU$1.17 billion) and an annual EBITDA of US$147 million (AU$221 million) in its bid to service the growing North American market and fill the conversion gap by reducing the need for Chinese product.

WA's Indigenous business sector has nearly tripled in size in the past four years, research by Business News has found.

A Chinese stimulus package announced yesterday afternoon designed to spark property investment has resulted in a $21.4-billion boost to WA’s iron ore players on the stock exchange.Mineral

MinRes has revealed maiden resources for its Lockyer gas and Erregulla oil projects in the Perth Basin, as it reviews its path forward in the region amid a stalemate with government.

Stocks in WA lithium players recorded double-digit gains on the ASX in morning trade, including Mineral Resources, Liontown Resources and Pilbara Minerals.

Mineral Resources will push back growth plans amid uncertain lithium and iron ore prices, while junior ore hopefuls are reaching out about the miner's Onslow assets.

Mark Beyer and Jack McGinn discuss the major findings from the domestic gas inquiry; Collgar's wind farm plan; Western Power's nuclear stance; Pilbara energy enablers; Perdaman's Karratha plan; the price of iron ore; Nicheliving's woes and Sanur's Subi battle; Vern Wheatley's legacy, and preview the upcoming edition of the Business News magazine.

The long-awaited report into the state's domestic gas policy will be tabled this week, a deadline confirmed hours after opposition voices warned of the consequences of further pushback.

Kerry Stokes-backed Beach Energy is on track to deliver long-awaited first production from the second stage of its Waitsia stage two project in early 2025.

Mark Beyer and Jack McGinn discuss corporate governance at Fortescue and Qantas; Woodside's ammonia buy; all the news out of Diggers & Dealers; Iplex's class action; and a big week for global markets.

WA Mines Minister David Michael has ruled out royalty relief for lithium producers in the immediate term, but insists he is listening to the concerns and needs of industry.

A record 758 million tonnes of iron ore was exported from the Pilbara last financial year as pressure mounts to build more bulk handling facilities.

Chris Ellison-helmed Mineral Resources will reportedly shed 100 white-collar jobs from its Perth headquarters due to the Yilgarn hub shutdown.

Newly merged Westgold Resources and Karora Resources have lauded the timing of their deal to create a consolidated gold miner, after tying a ribbon on their transaction today.

Strike Energy has locked in a $48.5 million contract for its 85-megawatt South Erregulla peaking gas power plant in the state's Midwest, as it awaits regulatory go-ahead on the plan.

Triangle Energy Global's hunt for onshore oil and gas in Western Australia has grown white-hot, with the spudding of its Booth-1 exploration well at the Booth prospect marking the launch of a highly-anticipated drilling campaign in the underexplored North Perth Basin. The drilling is targeting a hefty 279 billion cubic feet resource as part of Triangle's joint venture agreement with Strike Energy and Echelon Resources.

Legal proceedings between former Mineral Resources procurement manager Steven Pigozzo and the Chris Ellison-led company have wrapped up.

Mineral Resources has benefited from higher lithium prices across its battery metals operations but is still holding back until market conditions improve.

With Mineral Resources turning a chapter and pulling the plug on its Yilgarn iron ore hub in Western Australia, the race for potential suitors vying for a look in at Esperance's newly-released rail and port capacity is hotting up. And the star-studded list of runners and riders positioning at the starting blocks makes for some very interesting reading.

Triangle Energy's hunt for onshore oil and gas at its Booth prospect in Western Australia's North Perth Basin has stepped up a gear, with spudding of its Booth-1 well anticipated at the end of this month and drilling expected to begin in about 10 days. The company is targeting a vast 279 billion cubic feet resource at Booth.

Record spodumene exports and strong demand for caustic soda and fertiliser have lifted annual trade figures in WA's south to new highs.

Shutdowns and cutbacks in Western Australia's nickel, iron ore, alumina and lithium sectors have led to the loss of about 6,300 jobs this year.

WA Labor has received almost $140,000 worth of donations since the state's new disclosure laws kicked off on July 1, with Perdaman the latest business to give to the party.

Global Lithium Resources has confirmed Geoff Jones has resigned as the company's non-executive chair, effective immediately.

Junior miner Fenix Resources will dust the cobwebs off its Shine iron ore mine in WA's Mid West by the end of the year.

A new cargo wharf under construction in Port Hedland will enable the import of wind turbines and slash cargo vessel backlogs which have blown out to more than a week.

High-value magnetite could be the key for Mineral Resources to dust off the cobwebs of its Yilgarn iron ore precinct, which will be shut down at the end of the year.

Mineral Resources will close its Yilgarn iron ore operations by the end of the year in a move expected to affect about 1,000 jobs.