MinRes profit booms amid hunt for Ellison successor

By Samantha Bawden

Friday, 28 August 2026

NewsProjects & Operations

Mineral Resources (ASX: MIN) has made a major turnaround from the $896m loss reported in FY25, announcing a record $1.2b net profit in FY26.

The MOU supports Metallium’s plan to develop a national network of e-waste processing facilities, strategically located near major e-waste collection hubs, rapidly expanding U.S. data centre industrial parks and regional industrial corridors with strong logistics and waste generation.

George Fisher leads underground automation

George Fisher leads underground automation

George Fisher leads underground automation Glencore’s George Fisher mine in Queensland continues to pioneer the use of underground automation with its growing automated Sandvik fleet. In 2024, Glencore commissioned three automated Toro TH663i trucks at the site following the successful integration of an automated loader fleet in 2020. The automated loaders and trucks now operate around the clock on separate levels of the mine, successfully improving safety and efficiency at the site. Glencore automation specialist Raukawa Danklof says productivity has also seen major benefits. “Our operations were already efficient but following...

Aeris cleared to begin mining Constellation

NewsProjects & Operations

Aeris cleared to begin mining Constellation

The NSW Government has approved a mining lease for Aeris Resources (ASX: AIS), allowing the company to begin mining operations at its Constellation copper deposit.

UNSW wins funding for next-gen mining methods

UNSW wins funding for next-gen mining methods

UNSW wins funding for next-gen mining methods The University of NSW (UNSW) Minerals and Energy Resources Engineering School has received $5m in funding, from the Federal Government, to establish its ARC Research Hub. The funding will aid in the development of the hub for next generation mining methods (NextGenMIN), which will focus on delivering innovative and sustainable approaches to extracting critical and strategic minerals. The Federal Government, as part of the industrial transformation research hubs scheme, announced funding for 13 new research hubs and training centres this...

China blocks Australian antimony shipment

China blocks Australian antimony shipment

China blocks Australian antimony shipment China has delayed and returned a shipment of Australian critical minerals bound for the US. The shipment of 55t of antimony concentrate, destined for US Antimony Corporation, was held at the port of Ningbo in the Zhejiang Province for three months before being released by Chinese authorities on the condition it was to return to Australia. Alkane Resources (ASX: ALK), who supplied the shipment of antimony from its Costerfield site in Victoria, said it would never again send an antimony shipment bound for the US via China even though there had been no problem...