Northern Star slashes guidance as sales take a hit

By Chloe Coutinho

Thursday, 22 January 2026

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Northern Star (ASX: NST) has revised FY26 production and cost guidance following lower gold sales across its three production centres in the December quarter.

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.

Greatland remains on track to complete the largest annual drilling program in Telfer’s operating history, with about 240,000m total drilling planned in FY26.

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Wyloo snaps up remaining Greatland stake

Wyloo snaps up remaining Greatland stake Wyloo will acquire Newmont’s (ASX: NEM) remaining interest in Greatland (ASX: GGP), lifting its holding to 18.13% as gold prices push past $7200 amid geopolitical tensions.Greatland is developing the Havieron project and working to extend mine life at Telfer, both of which it acquired from Newmont in 2024.Wyloo has secured the remaining stake for about $3/share while Greatland currently trades at $13.32, building on a call option struck alongside the 2024 acquisition.Wyloo chief executive Luca Giacovazzi says the decision reflects strong confidence in Greatland and the long-term value of its broader vision.“We are proud to continue deepening our partnership with Greatland as its largest shareholder. We believe in the company’s disciplined approach, the quality of its assets and the capability of its team,” he said.“Greatland is emerging as a leading multi-asset gold and copper producer with the potential to become one of the most significant mining companies on the ASX.“We believe there is substantial value yet to be unlocked from Havieron and Telfer, and we look forward to continuing our support as Greatland drives operational excellence and delivers disciplined, sustainable growth.”Greatland has reported promising results from its second quarter of Telfer’s record drilling program, including the highest grade West Dome Underground drilling results to date.

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Alcoa and Aurizon on track for battery-electric train trial

Alcoa and Aurizon (ASX: AZJ) will run a world-first trial on Alcoa’s Pinjarra–Kwinana rail route in WA, testing battery-electric technology to cut emissions from heavy rail operations.

The initial flowsheet for the facility includes separated samarium, gadolinium, dysprosium, terbium, yttrium and lutetium.

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Lynas warns of production shortfall

Lynas Rare Earths (ASX: LYC) is expecting production shortfalls at its Kalgoorlie processing facility in WA due to major power supply disruptions.

Cerro Matoso is an open-cut mine and smelter producing ferronickel, located in Cordoba, Colombia.

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South32 completes ferronickel sale

South32 (ASX: S32) has completed its divestment of the Cerro Matoso mine and smelter in Colombia.

The model of the Future Jobs and Investment Authority follows the release of a proposed structure in mid-2024 and ongoing consultation with workers, communities and industry.

NSW launches Future Jobs and Investment Authority

The NSW Government is partnering with coal-producing regions across the state to establish the Future Jobs and Investment Authority. While coal will remain an important regional employer and economic driver for decades, global demand is forecast to decrease in coming decades. Under current planning approvals, by 2040 all four of NSW’s coal-fired power stations, and 32 of the state’s 39 coal mines will close. The authority will help guide the future economic development of the four coal mining regions — the Hunter, Central West, Illawarra and North West — from coal production towards other economic opportunities and employment. The FY26 NSW Budget will include $27.3m over four years to fund the authority, initially focusing on the Hunter and Central West…

Karora and Westgold set for merger

Karora and Westgold set for merger

The Karora Resources board has unanimously recommended shareholders back its upcoming merger with Westgold Resources (ASX: WGX). For the merger to proceed, two-thirds of Karora shareholders will be required to vote in favour of the transaction on July 19. All Karora directors and senior officers have entered into agreements with Westgold to vote in favour of the transaction. The merged company will operate across two WA goldfields which includes four production centres. It is expected to become a top five Australian gold producer, with a market cap of $2.4b and 400kozpa of production exclusively from WA. The new entity will be listed on both the ASX and Toronto stock exchange with financial resources of about $160m. A final court hearing…

Rio Tinto’s all injury frequency rate for Q4 was 0.38, a decrease from Q3 (0.41) and Q4 CY23 (0.39).

Copper, bauxite big for Rio Tinto in Q4

Rio Tinto (ASX: RIO) has released its Q4 CY24 production results, with copper and bauxite operations driving consistent performance and profitable growth. Rio Tinto chief executive Jakob Stausholm says the company is making strong progress in delivering organic growth from its major projects. “The Oyu Tolgoi underground copper mine in Mongolia continues to successfully ramp up, while the Simandou high-grade iron ore project in Guinea and our Western Range mine in the Pilbara are on schedule for first production this year,” he said. “Significant milestones were achieved at our Rincon project in Argentina during the quarter, with first lithium delivered and receipt of Board approval to expand the operation, demonstrating both our operational capabilities and ambition to grow in battery…

Flight of capital risky for Australian mining: Northern Star’s Stuart Tonkin

Flight of capital risky for Australian mining: Northern Star’s Stuart Tonkin

Northern Star Resources (ASX: NST) managing director Stuart Tonkin spoke on the company’s record FY24 at the WA Mining Club August luncheon. The gold producer saw record cash earnings in FY24 of $1.8b plus revenue of $4.92b, crediting these results to the strong operational performance across its Kalgoorlie and Yandal production centres in WA, plus its Pogo production centre in Alaska. Looking forward, Mr Tonkin says one of the biggest threats to the Australian mining sector is the global risk of the flight of capital. “You need business planning runway,” he said. “As start to modify and change, companies need time. “What the nation doesn’t quite realise is that the money will go. “It will leave Australia and it…