This Month
BHP shift highlights Australia’s stumble in the race for investment
The appointment of new CEO Brandon Craig demonstrates the company’s strong focus on the Americas in a changing centre of gravity for the company’s interests.
February
ASX’s nickel stocks get sugar hit from Indonesia’s output curb
Nickel prices have jumped after the world’s largest mine was instructed to ease production and avoid oversupply, lifting ASX-listed resources stocks.
Kalgoorlie nickel and cobalt play in line for $1b government loan
Ardea Resources has secured interest from officials in Washington and Canberra as the Trump administration works on securing supplies of critical minerals.
January
Peter Cook-chaired Nico Resources launches capital raising
Nico Resources, capitalised at around $40 million, is chaired by seasoned resources executive Peter Cook.
Nickel hits 15-month high as Indonesian production stalls
Mining giant Vale is awaiting a key government permit in the South-East Asian nation. But the price spike will deliver little reprieve for Australian producers.
SpaceX supplier buys into $3.6b Nickel Industries project
The ASX-listed nickel miner and processor says the deal with South Korea’s Sphere Corp could open up more opportunities to supply the US aerospace market.
December 2025
Nickel price jumps as Indonesia signals big production cut
The sharp reduction in supply floated by officials in Jakarta comes months before BHP is set to decide the future of its local nickel operations.
October 2025
Glencore walks away from taxpayer-funded clean energy pivot
Multinational miner Glencore has abandoned a federally funded plan to build a giant solar, wind and battery hub for the loss-making Murrin Murrin nickel mine.
Glencore vets BHP’s WA nickel assets as data room opens
Glencore’s internal M&A team is working through early due diligence materials prepared by BHP on its Nickel West and West Musgrave operations.
September 2025
Gold to keep rallying, but iron ore could face ‘last hurrah’
Gold, iron ore, and nickel all rose in the past month amid supply side concerns and expectations the Fed will kickstart a rate-cutting cycle. But can it last?
July 2025
BHP abandons $1.4b Tanzanian nickel project in push for higher returns
After a series of acquisitions, the mining giant is now caught between sliding earnings and rising spending on growth projects, and is trimming its portfolio.
June 2025
South32 suffers legal setback in marathon tax dispute with Colombia
The Australian miner wants to sell the Cerro Matoso nickel operation in Colombia, which is the subject of a protracted legal battle with the government.
Australian mining exploration falls to four-year low
Exploration spending fell to $643.52 million in the March quarter, as a sharp fall in lithium and nickel prices discouraged activity.
BHP considers return to nickel business with ultra-cheap mine project
The resources giant shut down local production of the commodity in the face of a surge in low-cost Indonesian production backed by Chinese investment last year.
May 2025
Next Rio Tinto chief urged to extend push to ‘challenging’ frontiers
Rio Tinto is facing a hostile government in Mongolia and a military junta in Guinea, but this vocal shareholder wants the frontier push to continue.
Customers won’t pay for green metals, mining veteran warns Labor
Mining and manufacturing bosses say Australia’s heavy spending on green metal processing will only pay off if costs fall significantly.
Rox Resources launches $40m equity raise
New shares were being issued at 30¢ – a 16.7 per cent discount to the last close.
April 2025
Advice for commodities investors? Sell, sell, then keep selling
Major Wall Street brokers are telling clients to resist the temptation to buy into metals and oil as prices fall, warning economic disruption is not over.
March 2025
Inside Duncan Saville’s billion-dollar Bermuda Triangle
A decade after the ATO hit the reclusive Australian investor with a $189 million tax bill and savaged his character, Canberra is rolling out the red carpet.
Nickel Industries’ stock slumps after major investor exits
About $600 million was wiped from Nickel Industries market cap after a major investor dumped stock and the Indonesian government proposed a hike in mining royalties.
