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Copper

This Month

BHP rules out return to Broken Hill as it passes on copper project buy

The miner inherited an option to acquire Havilah Resources’ Kalkaroo asset through its $9.6 billion purchase of OZ Minerals. It won’t take up those rights.

  • Peter Ker

Sacked CEO sues SolGold after boardroom stoush

BHP and Newmont’s struggling Ecuadorian copper play has hit more trouble, with former CEO Darryl Cuzzubbo filing a multimillion-dollar breach of contract claim.

  • Updated
  • Peter Ker
Rio Tinto chief executive for copper Bold Baatar.

Rio seeks green tick for new copper mine in WA

Rio starts the approvals ball rolling on a WA mine it expects to produce copper and gold for the next 41 years.

  • Brad Thompson
Tanks holding water used for froth flotation at the Northparkes copper and gold underground cave mine.

Evolution pays $720m for NSW copper and gold mine

The first big deal by an ASX-listed gold miner since Newmont’s Newcrest buy, the Northparkes mine raises the group’s exposure to copper to about 30 per cent.

  • Brad Thompson
Bill Beament, left, on site when he was running gold miner Northern Star Resources in 2015.

Copper play Metals Acquisition Corp set for ASX listing

The New York-listed miner will do its bit to solve the dearth of pure play copper assets on the ASX come February.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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November

Prominent Indigenous leader and businessman Warren Mundine is the chair of initial public offer candidate and regional copper explorer Fuse Minerals.

Heavyweight funds to anchor Fuse Minerals IPO; Dec 18 listing date

The copper play, backed by a host of WA mining bigwigs, will look to raise up to $10 million at the public offer stage.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

BHP chairman Ken MacKenzie seeks full term

Ken MacKenzie has declined to say whether he will depart the miner before CEO Mike Henry, but he is keen to run for re-election in November 2024.

  • Peter Ker and Simon Evans

October

Senior OZ Minerals figures Matt Reed, Bryan Quinn, Debbie Morrow, Luke McFadyen and Travis Beinke (left to right) have been appointed to lead companies after the miner was acquired by BHP this year.

The five wizards of OZ Minerals storm the C-suite

The former members of the senior leadership team have won CEO roles elsewhere since the BHP takeover, as rivals try to tap into the former copper miner’s unique culture.

  • Peter Ker
LME-tracked stockpiles of the metal — needed both for the energy transition as well as mainstay, old-economy needs — jumped to the highest since October 2021 last week.

Copper touches lowest since November as demand outlook darkens

Prices for the metal slumped as much as 1.2 per cent in London before clawing back to be little changed.

  • Mark Burton and Annie Lee
Glencore is closing its copper mines but will keep its copper smelter in Mount Isa open.

Palaszczuk throws $50m lifeline to sacked Glencore workers

The Queensland government has called on the miner to match funding to help the 1200 workers affected by the closure of its copper operations in Mount Isa.

  • Mark Ludlow

Battery boom leads to a new wave of sharemarket winners

A new boom in battery metal resources has analysts and financial advisers commenting on the best way to create long-term wealth from Australian miners.

  • Tom Richardson
Former BHP chief financial officer Peter Beaven who is now in a battery recycling start up.

Why this former BHP exec now runs a battery recycling start-up

Former BHP finance boss Peter Beaven says Australia must become more competitive or risk losing start-ups like his new battery metals recycling play.

  • Peter Ker
Newmont CEO Tom Palmer says the listing of the mining giant on the ASX can fill a gap for local investors.

Inside Newmont’s copper-tinged pitch to Aussie investors

On the eve of his takeover of Newcrest, Newmont CEO Tom Palmer wants to make it clear the gold giant has more than one string to its bow. 

  • James Thomson

September

Lithium Power International faces a potential roadblock posed by Chile’s new national lithium strategy, which is exceedingly complicated.

Lithium Power International lines up defence as Codelco circles

As previously reported by Street Talk, the ASX-listed lithium hopeful faced a potential roadblock posed by Chile’s new policy, which is exceedingly complicated.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
US billionaire Todd Boehly.

US billionaire snaps up Aussie engineering firm for $900m

The new owners of Australian mining-focused engineering and consulting firm Ausenco want to make Latin America a major force in lithium as well as copper.

  • Brad Thompson
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August

New Sandfire boss says M&A must pass ‘very’ high bar

Sandfire’s new Spanish and Botswana copper mines are yet to achieve their full potential, making a multibillion-dollar bid for a third mine unlikely.

  • Peter Ker
Tim Goyder is a major Chalice Mining shareholder, and a large investor in lithium hopeful Liontown Resources.

Goyder says markets should ‘get real’ about Chalice’s long-term value

The largest shareholder in the critical minerals hopeful says a slump in its share price is an overreaction and he expects shares to recover within six months.

  • Peter Ker
Chalice mining  chief executive Alex Dorsch.

Chalice confident it can fund $2b critical minerals jackpot

Market darling Chalice Mining reckons it will have no trouble finding the billions needed to build a critical minerals mine on the outskirts of Perth

  • Peter Ker
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South32 warns IR changes will hit productivity, investment

Global mining heavyweight South32 sees Australia’s industrial relations changes as threat to productivity and investment.

  • Brad Thompson
BHP chief Mike Henry has overseen a pivot towards copper, potash and nickel.

BHP says onshore smelting at heart of green metals pivot

Investment in Australian smelters will underpin BHP’s plan to capitalise on the $9.6 billion OZ Minerals deal.

  • Peter Ker