Latest News

Kathleen Valley’s first year results in $193m loss for Liontown  Liontown Resources (ASX: LTR) posted a $193m loss for FY25 in the company’s first year of operations at the Kathleen Valley lithium mine in WA.  The statutory net loss after profit includes an $81m non-cash write-down of ore sorting potential (OSP) stockpiles, foreshadowed in the June quarter results.  Liontown managing director and chief executive Tony Ottaviano comments on the loss.  “While we reported a statutory loss, this was expected in a commissioning year and reflects depreciation and the treatment of stockpiles...

Core frees Finniss production  All future Finniss spodumene production is now unencumbered, following the termination of Core Lithium’s (ASX: CXO) offtake agreement with Ganfeng Lithium.  The offtake agreement was in relation to spodumene concentrate from the Finniss lithium project, located 88km by road southwest of Darwin Port in the Northern Territory.  The earlier termination of the Yahua offtake agreement together with this settlement, effected through a one-off $3m (US$2m) payment to Ganfeng, all spodumene offtake obligations are removed, leaving 100% of future Finniss production unencumbered.   This provides Core with complete marketing flexibility, with all future spodumene concentrate production now available for project partners or spot sales.   Core...

Alcoa takes next step in conveyor belt recycling  The first reel of used conveyor belts from Alcoa’s mining operations have arrived at Tyrecycle’s East Rockingham facility in WA.  The steel wire used in the belts will be reclaimed and the rubber will be turned into crumb, suitable for a range of uses including as an additive for use in road construction.  This follows the 2024 launch of an ongoing off-the-road (OTR) tyre recycling contract between Alcoa and Tyrecycle, and is part of Alcoa’s initiative to reduce,...

AREEA calls for regulatory red-tape cutting A new forecast has warned of future growth risks in Australia’s mining and energy workforce, underpinned by weakening project pipelines and global competition for investment. Resources and Energy Workforce Forecast: 2025–2030, released today by the Australian Resources and Energy Employer Association (AREEA), shows 96 major projects are expected to commence production between late 2025 and 2030 — valued at $129.5b. These projects are forecast to create demand for 22,279 new operating phase jobs, lifting the national resources and energy workforce by just 7.1% by 2030 — the...

Wyloo and Hastings finalise rare earths JV Wyloo Gascoyne and Hasting Technology Metals will begin work on the Yangibana rare earths and niobium project in WA under their unincorporated joint venture (UJV). Andrew Forrest's private mining vehicle, Wyloo, now holds a 60% participating interest and has been appointed manager and operator of the UJV with Hastings retaining a 40% participating interest. The UJV covers all assets associated with the project, including Stage 1 being the Yangibana mine and beneficiation plant and Stage 2 being the hydrometallurgical plant. The formation of the UJV formalises the partnership between Hastings and...

MinRes acquires struggling miner linked to Chris Ellison’s brother Mineral Resources (ASX: MIN) has executed a binding asset and share sale agreement with the administrators of Resource Development Group (RDG). Under the agreement, MinRes will acquire RDG assets, including the Lucky Bay garnet mine, following creditor approval of MinRes’ proposed deed of company arrangement (DOCA) on September 1. MinRes has reassured investors that managing director Chris Ellison was not involved in deliberations to acquire the group formerly headed by his brother, Andrew Ellison. MinRes chair Malcolm Bundey comments on the decision. “The board and I sought to ensure that MinRes shareholders could realise some value from their...

Fleet Space’s off-world exploration target Fleet Space Technologies has signed a Memorandum of Understanding (MoU) with ExLabs to deploy its off-world exploration technologies to survey the asteroid Apophis. The technologies will be used as part of ExLabs’ ApophisExL mission, planned for launch in 2028, representing a step toward advancing the science of off-world exploration and planetary defence while building essential capabilities for the development of a sustainable space resources economy. Apophis, a near-Earth asteroid with an...

Sandvik fleet to drive efficiency in Zimbabwe Sandvik has been contracted by Zimplats, Zimbabwe’s largest platinum group metals producer, to supply 28 pieces of underground equipment for its Ngezi mines. The order, to be booked in the Q3 CY25, includes 12 Toro LH209L loaders, six Sandvik DD211L development jumbos, five Sandvik DS211L-V bolters, three Toro TH545i trucks and two Sandvik TH430L trucks with deliveries scheduled between the Q3 CY25 and Q2 CY26. The agreement also covers parts and services kits to support long-term equipment performance. Located in the Hartley Geological Complex on...

BHP Xplor applications open BHP (ASX: BHP) has officially opened applications for the 2026 cohort for its accelerator program aimed at transforming the discovery of critical minerals — BHP Xplor. Launched in 2024, the program is designed to accelerate participants' exploration opportunities while fostering long-term connections with BHP. Ambitious teams and individuals dedicated to uncovering new sources of critical minerals essential for a sustainable future are invited to apply for the 2026 intake. Participants benefit from up to $750,000 in equity-free funding, expert mentorship and...

First pour at Ahafo North Newmont (ASX: NEM) has achieved first gold pour at its Ahafo North project in Ghana, marking a critical milestone towards commercial production. The successful pour confirms both the project’s sound technical design and the disciplined project execution method, positioning Ahafo North as a key asset in the company’s long-term growth strategy, according to Newmont. This achievement follows the completion of key development phases, including ore stockpiling that began in late 2024 and the commissioning of critical infrastructure, such as processing circuits, mining support facilities and...

FMG launches zero-emissions roadmap Fortescue (ASX: FMG) has launched the third iteration of its climate transition plan at the Global Renewables Summit in New York as part of Climate Week NYC. The event was organised by Climate Group and Fortescue, with support from the Global Renewables Alliance, and was attended by heads of state, government leaders, business executives and financiers discussing ways to accelerate the deployment of zero-emissions technologies and unlock the full potential of the renewable energy transition. Fortescue’s updated plane...