Australia orders Chinese investors to sell down stake in rare earths miner

Australian Treasurer Jim Chalmers has ordered several China-linked investors to dispose of shares in rare earths miner Northern Minerals on national interest grounds, a spokesperson said on Monday.

EU, Australia sign critical minerals pact to diversify supply chains

Australia and the European Union have struck an agreement to boost cooperation and investment in critical minerals, part of a drive by Western nations to loosen China’s grip on supply chains of materials essential to high-tech and green manufacturing.

Past producing yellow diamonds mine in Australia set to reopen

Australia’s Gibb River Diamonds (ASX: GIB) is getting closer to restarting the mothballed Ellendale diamond mine in West Kimberley after being granted three mining leases that are key for the project.

Glencore seeks Australian carbon capture approval amid farmer protests

Australia’s Queensland state will decide this month whether to give Glencore a key approval to bury liquefied carbon dioxide in the country’s largest aquifer, a plan farm groups say must be blocked because it risks poisoning water supplies.

Critical minerals targeted as Australia boosts resource hunt

Australia will spend A$566 million ($373 million) over the coming decade to map out resource deposits with a focus on reserves of critical minerals, which are vital for high-tech manufacturing and the green-energy transition.

Australian Strategic gets debt funding for rare earths project

Australian Strategic Materials ASM.AX said on Friday it has received a non-binding letter of interest for a debt funding package of up to A$400 million ($260.84 million) from Canada’s official export credit agency.

Australian lithium producer to sell online in transparency push

Australian miner Mineral Resources Ltd. will use a digital trading platform to sell parcels of spodumene concentrate, a lithium-bearing mineral, in an effort to bring transparency to the market.

Australia’s Ramelius ends buyout talks with Karora Resources

Australian gold miner Ramelius Resources Ltd said on Thursday it had ended discussions with Karora Resources for a potential acquisition of the Canada-based mine operator.

Australia earmarks $550m for Arafura rare earths project

Australia will provide up to A$840 million ($550 million) for the first combined rare earths mine and refinery in the country’s Northern Territory, owned by Arafura Rare Earths, Prime Minister Anthony Albanese said on Thursday.

Alcoa to buy Australian partner Alumina in $2.2bn all-stock deal

Alcoa will buy Alumina in an all-stock deal that values the Australian firm at $2.2 billion, and makes the US company one of the world’s largest producers of alumina and bauxite.

Australia and Vietnam upgrade relations, to begin talks on critical minerals

Australian Prime Minister Anthony Albanese said on Thursday the country was raising ties with Vietnam to the level of a comprehensive strategic partnership, with an annual dialogue on minerals amid a push to diversify supply chains away from China.

Canada and Australia boost collaboration on critical minerals

Canada and Australia have agreed to promote shared priorities related to the extraction, processing, and refining of critical minerals, they said in a joint statement on Monday.

Australia considers tax credit for minerals processing, says industry group

The Australian government is considering a tax credit for companies that build processing facilities to boost the value of green energy minerals such as nickel and lithium, the head of a mining industry association said on Wednesday.

Alcoa bids $2.2 billion for Australian partner to control assets

US aluminum producer Alcoa Corp. made a $2.2 billion offer to acquire its Australian joint-venture partner Alumina Ltd. to consolidate ownership of key upstream assets with long-term demand for the metal forecast to rise.

Australia’s lithium producers see signs market is stabilizing

Pilbara Minerals said on Thursday it saw signs the lithium market was stabilizing as Australia’s top producers reported a slump in earnings and took steps to ride out slowing demand for the raw material of electric vehicle batteries.

Australian lithium stocks rally on speculation of China mine closure

Australian lithium stocks rallied on Monday on speculation that Chinese battery maker CATL had closed its Jianxiawo mine in China that produces the material used in electric vehicle batteries.

Australia’s iron ore giants to lean conservative on dividends, analysts say

Australia’s iron ore majors are expected to limit dividend payouts in their half-year results this week, keeping cash on hand for large capital spending on energy transition-linked growth, analysts said.

Australia lists nickel as ‘critical mineral’ to unlock billions in support

Australia classified nickel as a “critical mineral” on Friday, opening the way for the crisis-hit industry to access billions of dollars in cheap government loans, as its prime minister prepared wider policy support for the green energy industry.

BHP Australia iron ore train drivers to strike for 24 hours

Iron ore train drivers at BHP Group’s Pilbara operations in Western Australia have voted to strike on Friday in a bid to secure an improved employment agreement, the country’s Mining and Energy Union said on Monday.

Australian gold miner Red 5 to acquire Silver Lake Resources

Australian gold miner Red 5 will takeover rival Silver Lake Resources to build a mid tier gold company valued at $1.5 billion, the two companies said in a joint statement on Monday.

Australia’s resources minister seeks investment from Korea, Japan

Australia’s resources minister has begun a week long trip to South Korea and Japan to discuss gas exports and critical minerals opportunities, as its government on Monday released a “prospectus” of 52 investment ready critical minerals projects.

Australian mining group pushes govt for tax credit as lithium, nickel prices slump

An Australian mining association has called for a new production tax credit during meetings with senior ministers called as nickel and lithium miners curtail projects and review new mines in response to a global slump in prices.

Rio Tinto taps Australia’s largest solar farm to power aluminum assets

Rio Tinto on Wednesday announced a deal to buy power from a new solar farm in Queensland as it seeks to green its aluminum operations on the country’s east coast and halve its direct and indirect emissions by 2030.

Australian tycoon Forrest shuts nickel mines after prices crash

Wyloo Metals Pty Ltd., the private nickel producer owned by billionaire Andrew Forrest, is shutting down its Western Australian mines due to a sharp slump in prices for the key transition metal.

AustralianSuper swoops on lithium stocks after price plunge

Australia’s largest pension fund plans to double its exposure to local lithium stocks over the next five years, after a price rout made producers of the key battery material more affordable.

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