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Mining
Glencore seeks bailouts for Australian copper smelter and refinery
Glencore has demanded a government handout for its struggling Mt Isa copper smelter and Townsville copper refinery, making it the latest global company seeking a bailout following a rescue of…
Rio Tinto unification vote supporters Hannam & Partners puts Palliser payment in fine print
On Thursday in the United Kingdom (early Friday morning here), Rio Tinto shareholders will vote on a proposal by activist British hedge fund Palliser Capital to collapse the miner’s dual-company…
Westgold Resources boss Wayne Bramwell gets 42pc pay rise, $4m in shares despite downgrade
The managing director of Westgold Resources has been rewarded with a 42 per cent pay rise and shares worth more than $4 million, despite a recent production downgrade from the…
BHP chairman Ken MacKenzie warns Australia may miss the boat on critical minerals
Ken MacKenzie has a high-quality problem. How do you follow eight years as chairman of Australia’s most iconic company? MacKenzie, who officially retired as BHP chairman on Monday, has no…
Mineral Resources, Chris Ellison face class action after corporate governance scandals
Mineral Resources and its embattled founder Chris Ellison have been served with a class action in Victoria’s Supreme Court following a series of corporate governance scandals at the loss-making miner.…
Norway’s sovereign wealth fund to vote against Rio Tinto unification
Norway’s sovereign wealth fund to vote against Rio Tinto unification
Shell chair Andrew Mackenzie meets activist fund Elliott Investment Management again
Of all the headaches company chairs can encounter, an overly enthusiastic activist investor is among the worst. So Shell chairman Andrew Mackenzie must have had a wave of déjà vu…
Multimillion-dollar Juukan Gorge remedy payments to remain secret
The details of a multi-million dollar annual payment made by Rio Tinto to the Indigenous owners of Juukan Gorge will remain a secret after federal regulators accepted an argument from…
Mining exports to drop as commodity prices stagnate
Australia’s commodity exports are expected to fall almost 7 per cent this year, piling pressure on the government to step up efforts to cushion the impact on the mining sector…