ASX Announcements
Change of Director's Interest Notice - Justin Langer
Change of Director’s Interest Notice
- Sep 6, 2024
- 3 pages
Change of Director's Interest Notice - Chris Ellison
Change of Director’s Interest Notice
- Sep 6, 2024
- 5 pages
Yesterday
- Opinion
- Chanticleer
Lithium finds a bottom, but beware Chinese whispers and false dawns
It only took a rumour to set a fire under global lithium stocks. There’s more drama and pain ahead for the sector, but at least true believers have hope now.
- James Thomson
This Month
- Exclusive
- Mining
Union wants BHP to pay $10,000 annual bonuses to iron ore workers
The $10,000 retention bonus is part of a log of claims presented to BHP on Wednesday as unions seek to retake the Pilbara.
- Brad Thompson
MinRes calls bottom on lithium as price pain spreads to China
Lithium stocks have bounced as rock-bottom prices finally take their toll on one of China’s biggest integrated miners and battery makers.
- Brad Thompson, Elouise Fowler and Alex Gluyas
MinRes slashes worker conditions as it pockets $1.1b from asset sale
FIRB approval clears way for MinRes to sell down its stake in Onslow Iron haul road as it cuts costs with big changes to worker rosters.
- Brad Thompson
Global Lithium directors quit board averting fiery vote
Global Lithium directors Greg Lilleyman and Hayley Lawrance will resign as non-executive directors ahead of a contested shareholder vote to oust them.
- Brad Thompson
MinRes investigates jumbo iron ore road train rollovers
Chris Ellison’s Mineral Resources has been hit by two rollovers of fully loaded iron ore road trains as it races to finish a dedicated haul road.
- Brad Thompson
MinRes Air propelled by Multiplex heir Tim Roberts
Mineral Resources’ former director Tim Roberts is half owner of a new airline that Chris Ellison reckons will boost retention at the debt-laden miner.
- Peter Ker
August
- Analysis
- Bonds
What debt crisis? MinRes bondholders are relaxed (for now)
“Nervous nellies” in Australia are fretting about the company’s debt levels, but its billionaire boss reckons US bond investors would prefer to talk fishing.
- Peter Ker
- Opinion
- Chanticleer
Boom or bust? MinRes is the ASX’s white-knuckle ride
The company’s huge debt numbers could sink a weaker board and management team. Who said big caps had to be boring?
- Anthony Macdonald
Mining billionaire Chris Ellison bemoans ‘s---tiest time’ to be boss
No one is making money in lithium and every job is under scrutiny, warned the Mineral Resources boss who lamented “it’s not a fun time” to be in business.
- Brad Thompson
Mineral Resources ditches dividend for first time in a decade
Chris Ellison-led MinRes says it will defer expansion projects and focus on cost reduction after ending the financial year with net debt of almost $4.43 billion.
- Brad Thompson
- Analysis
- Mining
Iron ore miners’ pressure points in focus as commodity price wobbles
Mineral Resources’ flagship iron ore mine made a profit of about $US8 a tonne of red dirt sold into the spot market on Friday.
- Elouise Fowler
MinRes insto briefing sparked ASIC probe
A packed briefing given to Morgan Stanley clients in July 2018 sparked a 7.6 per cent bump in Mineral Resources’ share price – and an ASIC investigation.
- Updated
- Myriam Robin
SQM warns of price barrier beyond lithium JV with Rinehart
Lithium heavyweight SQM says new projects are not viable at today’s prices just months after joining a major WA acquisition and the start of production at the Mt Holland mine.
- Peter Ker and Brad Thompson
Global Lithium fights shareholder move to axe directors
Global Lithium is resisting a push led by businessman Liaoliang Zhu to remove two board members, including former Rio and Fortescue executive Greg Lilleyman.
- Brad Thompson
Billionaire fisherman faces barramundi wipeout
Mineral Resources boss Chris Ellison’s private company, Wild Barra Fisheries, faces uncertain future under plans to ban gill nets in the NT and Queensland.
- Brad Thompson
China warns winter is coming for iron ore miners
Australian iron ore exporters believe their mines are resilient despite shares slumping to multi-year lows and Chinese steelmaker Baowu issuing a dire outlook.
- Peter Ker
MinRes joins job cuts carnage in WA mining
The Chris Ellison-led Mineral Resources is slashing its white-collar workforce amid iron ore mine closures and a retreat in its lithium expansion plans.
- Brad Thompson
July
MinRes in $600m pre-sale of iron ore to boost balance sheet
But analysts grilled the company on the deal with an unnamed buyer, describing it as “fascinating” accounting treatment. It has debts of more than $4 billion.
- Brad Thompson
Mining boss calls for policy changes with more jobs in danger
The boss of WA’s peak resources lobby group says the Albanese government needs to step up to prevent more job losses.
- Brad Thompson and Tom Rabe
