Latest Headlines

Palantir says it’s just a software company. Its manifesto suggests something much worse.
Opinion
Off the Record: What does the ‘kill chain’ have to do with your groceries?
In 2010, Peter Thiel made a statement that would not reveal its full horror until much later.Speaking on PayPal’s vision, Thiel argued that Silicon Valley could never win an election on “getting certain things” because he and his peers were in such a small, presumably ideological, minority.Instead, he argued that through technology, they could “unilaterally change the world”, all without the pesky inconvenience of having to constantly convince, beg or plead with people who were never going to agree with them.He saw technology not as a public tool, but as an alternative to politics. A way around democracy.But what were these “certain things” that Thiel wanted? Well one of his vehicles for bypassing politics, Palantir, has basically outlined them for us. And the implications are grim.Palantir, co-founded in part by Thiel and Alex Karp in 2003, recently published its “manifesto”: a 22-point summary of Karp’s book The Technological Republic. It covers a lot of ground, including the idea that Silicon Valley has an obligation to participate in national defence, that AI weapons are inevitable and that the US should consider moving away from an all-volunteer military force.The manifesto hinges on a tragic and fragmented worldview. It is a world that is divided into us versus them, the civilised versus the uncivilised, the West versus the rest, hard versus soft power. To accept its logic, one must believe that coexistence is impossible, freedom is a detriment and peace is a liability.Palantir suggests that governments are too cumbersome and ill-equipped to fix any of the world’s issues. The manifesto says that free and democratic societies cannot prevail through moral appeal alone. They require hard power, which in this century, will be built on software.Palantir’s software.The company first got its start building software for the US intelligence community, assisting with counterterrorism investigations and operations. Palantir was the shiny new Silicon Valley alternative to traditional defence contractors like Lockheed Martin, Boeing and Northrop Grumman.Palantir is now deeply embedded in the US government, with the Department of War, ICE and local police departments all on its books.Its defence-facing work has never been subtle. There are plenty of videos online of Alex Karp gleefully exclaiming the company’s involvement in the “kill chain,” even going just shy of claiming the elimination of Osama bin Laden.In a letter to shareholders from only a few days ago, Karp doubled down.“We believe it is not hyperbolic to say that nearly all AI workflows that actually create value — especially on the battlefield — are built on Palantir,” he said.But recently, spokespeople have been seemingly attempting to obscure Palantir’s association with Karp’s kill chain.A Palantir spokesperson recently told the Guardian that it is just a software company and that it does not collect or monetise data but simply provides tools to help customers organise and understand their own information.But why would a software company need a manifesto? Let’s look at the software first. Functionally, Palantir is a layer on top of an operating system, using both AI and non-AI to execute on data. It offers two main products: Gotham, I’m not joking, is its defence-focused application, while Foundry, is its commercial-focused application.But these two applications were never meant to be distinct from each other. They are interoperable by design. The company has genuinely built in drag-and-drop features so data can move between Foundry and Gotham. Think about what that means for a moment: private consumer information has been designed to move seamlessly into software used by the military to execute strikes and surveillance.Palantir’s software is now infrastructure — public and private infrastructure. The company sits across defence, immigration, policing, prisons, supermarkets, banks and mines, ensuring data can move seamlessly between them all.Unfortunately, this is not some exclusively American problem that Australia can nervously giggle at. Palantir is already here.The Guardian reported that Palantir has reached nearly $80m in Australian state and federal contracts, with federal agencies including AUSTRAC and Defence spending an estimated $60m with the company.Palantir is not only making its way into our government. It also has several corporate clients in Australia.Coles signed a three-year partnership with Palantir in 2024 to use Foundry and AIP across its supermarkets, with the supermarket seeking to improve workforce planning and shift efficiency while gaining a more granular understanding of spend.To do this, Palantir uses Foundry to identify opportunities across 10 billion rows of data, comprising each store, team member, shift and allocation across all intervals in a day, every day. Everything you buy, every move by a team member, every cent spent at Coles now potentially sits in Palantir’s systems. With all that data, you would think Palantir could crack the code on cheaper groceries. Apparently, we haven’t come that far yet.Beyond our food, Palantir has also managed to creep into arguably Australia’s biggest industry: mining.Rio Tinto extended its relationship with Palantir in 2024, renewing an enterprise contract for ongoing access to Palantir’s AIP, with Palantir’s technology having been used across Rio’s WA iron ore operations and at Oyu Tolgoi.The partnership is especially difficult to come to terms with now, as whisperings of a 20% reduction in Rio Tinto’s Perth-based white-collar workforce inevitably stoke fears of AI-enabled redundancies.The food we eat is political, the ore we mine is political, and of course, the wars we wage are political too. But Palantir and Thiel insist their technology is not. It is something else.Palantir wants more than politics. It wants to be the operating system of the entire “Western world”, and it will do so without winning an election or persuading the public. It will do so by simply embedding itself in the fabric of our everyday lives, a fabric precariously draped over the war machine.So why does a software company need a manifesto? It’s because it doubles as Palantir’s product pitch.Off the Record is The Australian Mining Review’s weekly column. 
The combined company’s board of directors will be comprised of four directors from each of the current Regis and Vault boards.
Projects & Operations
Regis and Vault to form $10.7b gold producer
Regis Resources (ASX: RRL) will combine with Vault Minerals (ASX: VAU) in a merger-of-equals, with Regis acquiring 100% of the fully paid ordinary shares in Vault.The combined company will be led by Russell Clark as non-executive chairman and Jim Beyer as managing director and chief executive. It is expected to produce more than 700kozpa of gold with a combined mineral resource base of 20.5moz.Regis Resources managing director and chief executive Jim Beyer says the merger creates Australia’s third largest primary ASX-listed gold producer.“With a strong balance sheet, approximately $1.9b in cash and bullion, and a compelling organic growth pipeline, including the McPhillamys development project and Sugar Zone, the combined company is exceptionally well-positioned to deliver long-term value and enhanced capital returns for our shareholders,” he said.Vault managing director and chief executive Luke Tonkin comments on the merger.“ allows to retain meaningful ownership and governance influence while gaining exposure to a larger, more resilient gold company with enhanced scale, diversification and balance sheet strength,” he said.“Vault’s portfolio, anchored by the King of the Hills operation currently undergoing a significant mill expansion, brings long-life high-quality assets and a strong financial position to the merger.“By combining these strengths with Regis’ proven operational and exploration capability, the merged company is better positioned to deliver sustained production, enhanced reserve replacement and long-term value creation across gold price cycles. Importantly, this combination is being executed from a position of strength.”The merger is subject to approval by Vault shareholders, court and other regulatory approvals.The merger has been unanimously endorsed by the Vault and Regis boards.
Australia and Japan elevate critical minerals cooperation
Politics & Regulation
Australia and Japan elevate critical minerals cooperation
Australia and Japan have signed multiple bilateral agreements to strengthen cooperation across critical minerals, energy and defence sectors.Yesterday, Prime Minister Anthony Albanese and Japanese Prime Minister Sanae Takaichi issued a joint statement on critical minerals cooperation, marking shared concerns about the concentration of critical mineral supply chains and its impact on downstream industries.This cooperation builds on the existing Australia Japan critical minerals partnership, launched in 2022, and is expected to drive coordinated investment in strategic projects across both countries to address urgent supply chain vulnerabilities.“Japan has been a long-standing partner in the development of Australia’s critical minerals sector,” Prime Minister Albanese said.“By working closely with Japan, we can attract greater investment in our critical minerals sector and further develop the sector, creating jobs and capability in Australia.”The Federal Government, through the Critical Minerals Facility and Export Finance Australia (EFA), is providing support of up to $1.3b to critical minerals projects involving Japan. The Government of Japan has, through JOGMEC, provided about $370m in investments and grants to the following projects, and plans to provide further investments and grants as they make their progress.Both Australia and Japan have already identified key projects that have the potential to materially diversify the supply chains for critical minerals including Lynas’ (ASX: LYC) rare earths project, Alcoa’s (ASX: AAI) gallium recovery project, Magnium’s magnesium project, Tivan’s (ASX: TVN) Speewah fluorite project, RZ Resources critical minerals project and Ardea Resources’ (ASX: ARL) Kalgoorlie nickel project.Australia and Japan has also agreed to work together to support the bilateral flow of essential goods including fuel and gas.According to the Federal Government, Australia provides about one-third of Japan’s energy supply and Japan is a major supplier of refined petroleum and diesel to Australia.Federal Climate Change and Energy Minister Chris Bowen says this collaboration will help secure fuel supplies for both Australia and Japan and shield consumers from global uncertainty.“”We are continuing to secure essential fuel supplies and work with partners around the world to strengthen energy security at home and abroad.”Prime Minister Albanese and Japanese Prime Minister Takaichi have also agreed to enhance defence and security cooperation between Australia and Japan. Key priorities will include co-development, co-production and co-sustainment of defence capabilities as well as advanced weapons testing, enhanced training and exercises, joint sustainment of assets and closer collaboration to secure supply chains and critical maritime routes.Australia and Japan will also address complex cyber security challenges by collectively hardening cyber defences, improving shared awareness and collaboration on cyber threats and critical technologies as well as building collective resilience throughout the Indo-Pacific.
Archaeologists discover prehistoric copper mining camp
International
Archaeologists discover prehistoric copper mining camp
High in the Freser Valley of the eastern Pyrenees, archaeologists have uncovered a prehistoric cave full of hearths containing fragments of green rock that may represent some of humanities earliest copper mining activities.The archaeologists have found possible evidence of ancient copper smelting, starting about 5,500 years ago, in a high-altitude mountain cave in what may be the first evidence of mining and intense prehistoric occupation in the Pyrenees region.In the past, scientists thought that prehistoric peoples only travelled briefly through high-altitude mountain areas, rather than staying to take advantage of their resources. But this new evidence suggests that a prehistoric community repeatedly climbed up to Cave 338, 2,235m above sea level, to collect and process malachite for copper.Based on the current evidence, researchers from the University of Granada and the Autonomous University of Barcelona determined that people visited this site for well-planned, well-supplied trips spanning across two thousand years, overturning previous assumptions that prehistoric peoples didn’t spend long periods at high altitude.Additional finds, including jewellery and remains from at least one child, suggest that much more will be found when excavations at the site reopen in the summer.Catalan Institute of Human Paleoecology and Social Evolution Professor and Frontiers in Environmental Archaeology lead author Carlos Tornero says for a long time, high-mountain environments were seen as marginal, places prehistoric communities passed through occasionally.“But we found a really rich archaeological sequence, including multiple combustion structures and a very large number of green mineral fragments,” he said.“We can’t say exactly how long people stayed each time, but the repeated use of the space and the density of remains suggest occupations that were short to medium in duration, but happening again and again over long periods of time.”Scientists excavated an area of 6m2 at Cave 338’s entrance, identifying four layers of occupation. The second and third layers bore the most evidence of prehistoric occupation and mining activities with a total of 23 hearths, containing many crushed, burned green mineral fragments. In-depth material analysis to confirm the minerals’ identity is underway, but the fragments resemble malachite, which can be treated in hearths to produce copper.Frontiers in Environmental Archaeology co-author Dr Julia Montes-Landa says these materials were not burned on accident.“Many of these fragments are thermally altered, while other materials in the cave are not, which clearly suggests that fire played an important role in their processing and that there was a deliberate intention behind it,” she said.The hearths cut across each other, indicating that the visitors reused this space frequently, but are still distinct, which suggests that those visits were separated by plenty of time. Radiocarbon dating puts the hearth found in the second layer at about 3,000 years old, while the hearths in the third layer are around 5,500 to 4,000 years old.
Crinum operator fined $7m after on-site death
Politics & Regulation
Crinum operator fined $7m after on-site death
Mastermyne Crinum Operations has been fined $7m after being convicted over the death of underground miner Graham Dawson in 2021 at the Crinum mine in Queensland.The District Court of Queensland sentenced Mastermyne Crinum Operations today after a jury in the District Court at Emerald found the company guilty of industrial manslaughter in March.Mastermyne has lodged a Notice of Appeal, with a hearing date yet to be determined.Resources Safety and Health Queensland (RSHQ) said the case marked the first time an industrial manslaughter charge had been brought under Queensland’s mining safety and health legislation since it came into effect in 2020.Mr Dawson was an experienced underground miner who was killed after the roof of the Crinum mine collapsed and crushed him.It took four days for Mr Dawson’s body to be recovered.At the time of the event, Mastermyne employed and managed the whole production workforce at the Crinum site.A spokesperson RSHQ said they investigated the incident and presented a brief of evidence to the Work Health and Safety Prosecutor.In sentencing, Judge Jeffrey Clarke said Mr Dawson’s death was avoidable and that Mastermyne’s criminal negligence contributed significantly to it.Mining and Energy Union general vice president Stephen Smyth said the conviction was a milestone for justice and accountability.“This conviction sends a powerful message to the industry that negligence resulting in the death of a worker will not go unpunished,” he said.“Workers have campaigned for these laws, and this decision reaffirms that all workers are entitled to a safe and healthy workplace — and also entitled to justice when safety is undermined.”The MEU says its Industry Safety and Health Representatives recommended prosecution after investigations indicated Mastermyne’s strata control systems were inadequate.The union has also raised concerns that the penalty could be covered by Mastermyne’s insurance arrangements and has called for the relevant laws to be amended to prevent this.

The Australian Mining Review

Home and Editions

Mining news that matters

The Australian Mining Review delivers the stories that matter free, fast, and straight to your inbox. No paywalls, no barriers. Get unlimited access to every article, breaking news alerts and a free monthly newspaper delivered to your door.

Subscribe to The Australian Mining Review

Mining news, minus the paywall.

By subscribing to The Australian Mining Review, you agree to receive news updates and marketing communications from us.

Back to of the page