Mineral Resources and its embattled 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.
The Premier has urged the Albanese Government not to delay a controversial North-West Shelf decision a third time, after it was pushed back until after the Federal election.
Australia’s mining sector is facing a ‘concerted effort’ to dismantle a productive industrial relations system and drag the industry back to an ‘era of strikes, inefficiency, and industrial confrontation’.
The re-unionisation of Australia’s mining heartland is closer to reality after the majority of Rio Tinto workers at a large Pilbara iron ore mine voted in favour of a collective bargaining agreement.
The High Court has dismissed a Federal Government challenge to a $700 million compensation claim over land acquired for mining without traditional owners' consent.
The resources sector fears a stealth implementation of Labor’s nature positive plan is underway despite the Government pulling legislation to establish an environmental watchdog.
The Albanese Government has laid out a $2.4 billion lifeline to keep the Whyalla steelworks afloat, following the South Australian Government calling in creditors on billionaire Sanjeev Gupta’s GFG group.
Chris Ellison urged MinRes shareholders to move on from his various misdeeds, flip-flopped on whether he’d stay on at the firm he founded, and contradicted a past statement he made about leadership succession.
Lithium price carnage and the adverse effect of a strong US dollar on its huge debt pile has dragged Chris Ellison’s Mineral Resources deep into the red.
Falling iron ore prices has cut the payout BHP shareholders will receive with earnings from its growing copper portfolio not enough to pick up the slack.