The future cost to rehabilitate Greenbushes is rising exponentially and the fabled lithium mine’s profitability has fallen dramatically, despite its annual bottom line staying above $700 million.
Adrian Rauso
Rio Tinto is reportedly keen to ride on the coattails of a deal in the Congo that could unlock a big piece of the world’s largest hard rock lithium deposit and save stranded shareholders of AVZ Minerals.
The lithium miner and refiner also flagged the rising trend of trade protectionism in the industry globally amid the increasing strategic importance of lithium.
Annie Lee
Mineral Resources has cut 15 white-collar workers from its Osborne Park headquarters, saying it was focused on ‘operational efficiencies’.
Adrian Rauso & Matt Mckenzie
A cutting-edge mining company that counts the ultra-rich Bill Gates and Jeff Bezos as investors could reportedly throw Australian-based AVZ Minerals a lifeline.
MinRes shares are surging as brokers get behind the battered miner and its boss, with one prominent Sydney stock picker saying Chris Ellison is not ‘a drongo’.
WA is well-placed to weather global headwinds triggered by US President Donald Trump’s erratic policies, but easing population and softer commodity prices will weigh on the State’s economic growth.
Cheyanne Enciso
One-time market darling Liontown Resources has reported a half-year loss of $15.2 million as Australia’s latest lithium debutant start its first full quarter of commercial production in the northern Goldfields.
Daniel Newell
Mineral Resources’ biggest shareholder behind Chris Ellison is keen to see the company get a new chair by the end of June, while seemingly remaining a supporter of Mr Ellison staying on as boss.
Electricians helping to build a third chemical grade plant at the Greenbushes lithium mine briefly downed tools last week after fearing they were at risk of electrocution.
A major Mineral Resources shareholder and Chris Ellison cheerleader is continuing to double down on its investment in the floundering miner and mining services provider.
More problems have been piled onto Mineral Resources’ creaking balance sheet after credit ratings agency Fitch downgraded the miner’s repayment score.
Booming lithium supply out of Africa is keeping a lid on the battery commodity’s price despite resurgent Chinese demand.
The share market operator has taken the unusual step of asking Mineral Resources why it failed to warn investors its half-year financial results would be as bad as they were.
IGO is unsure how badly its Kwinana lithium refinery will be stung by a Chinese ban that threatens to induce more pain at a misfiring processing plant already decimating the miner’s bottom line.
The ‘tumultuous’ lithium market has sent Pilbara Minerals to a $69 million loss in the six months to December but boss Dale Henderson still has an eye on growth options.
Matt Mckenzie
Chris Ellison urged MinRes shareholders to move on from his various misdeeds, refused to rule out maintaining strong links to the firm he founded, and contradicted a past statement he made.
Lithium price carnage and the adverse effect of a strong US dollar on its huge debt pile has dragged Chris Ellison’s Mineral Resources deep into the red.
Digesting a major acquisition and lower iron ore prices have eaten into the lucrative royalty cheques Deterra Royalties passes on to its shareholders.
A director seeking re-election at the fiery annual general meeting of dispute-riddled explorer Global Lithium Resources has made assurances a new board would act in the bests interests of Australia.
Simone Grogan
Two directors of dispute-riddled explorer Global Lithium Resources have sensationally quit the board ahead of a highly anticipated annual general meeting on Thursday afternoon.
Mineral Resources is still months away from announcing a new board chair to replace James McClements after a tax scandal and a series or corporate governance disasters forced his decision to exit.
Investors split over the future of flailing West Perth explorer Global Lithium Resources are set to cast their vote on whether an outsider boots out management to see it through a market downturn.
Mineral Resources is now the most shorted lithium stock on the ASX as more supporters of its outgoing boss Chris Ellison emerge.
The West Australian
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