MinRes founder Ellison forced out amid governance scandal
Chris Ellison will leave within 18 months as the board found he used company resources for his personal benefit and evaded taxes.
Iron Ore
‘We’ve moved on,’ BHP says of failed Anglo bid, before walking back comments
BHP’s (ASX: BHP) leadership gave its clearest indication yet that it won’t make another bid for smaller rival Anglo American (LSE: AAL), but later walked back some comments about “moving…
MinRes cuts jobs, costs amid CEO probe
Australia’s Mineral Resources (ASX: MIN), which is at the centre of a tax evasion probe involving its founder and CEO Chris Ellison, is cutting 570 jobs and slowing underground construction…
Space rock miner lands first US permit
AstroForge, a Los Angeles-based startup with plans to mine asteroids, received on Monday the United States Federal Communications Commission’s first-ever commercial license to operate in deep space. The move sets…
New film sees mining through Quebec Inuit eyes
The northern Quebec region of Nunavik is the setting for a new documentary on the tussle between Inuit survival on the land and the mining industry’s quest to dig it…
Liability trial for BHP in Samarco dam collapse begins in London
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) faces a potential US$47-billion payout in damages over the 2015 Mariana Dam disaster in Brazil, believed to be the country’s most catastrophic environmental…
How resource ‘classification debt’ chips away at miners’ growth and investor trust
Over the past decade, resource misclassification has saddled the mining industry with a costly problem. It’s one Guy Desharnais, Osisko Gold Royalties’ (TSX: OR; NYSE: OR) vice-president for project evaluation,…
Vale, GEP partner to set Brazilian green hydrogen sector
Vale (NYSE: VALE) and Green Energy Park (GEP), an integrated European hydrogen company, have joined forces to explore opportunities for green hydrogen production in Brazil. The partnership falls under Vale’s…
Rinehart’s Hancock Prospecting secures permit for McPhee iron ore mine
The McPhee Creek project, about 100km north of Rinehart’s Roy Hill mine, was originally slated to begin ore production in 2023.
BofA sees strong 2025 for copper, while iron ore prices to drift lower
While the outlook for iron ore appears grim, BofA remains bullish on copper due to strong structural demand.
First Phosphate picks Quebec site for lithium-iron plant
First Phosphate (CSE: PHOS; US-OTC: FRSPF) has taken a step closer towards producing a key material for lithium iron phosphate (LFP) batteries in Quebec for the North American battery and…
Mineral Resources tightens belt after lithium, iron ore prices fall
Australia’s Mineral Resources (ASX: MIN) is slashing costs to ride out the weak lithium price but founder and chief executive Chris Ellison said the company wasn’t panicking. The iron ore…