The lithium developer swung to a $93 million full-year profit after a $193 million loss a year earlier, as stronger lithium prices and the operational ramp-up at its Kathleen Valley project lifted revenue to $639 million and underlying EBITDA to $147 million.
MINING
Simcoa Forced Out of US as Trump Tariffs Hit Australian Silicon
Australia's only silicon producer says punitive import duties have made the US market unviable, raising concerns over critical minerals cooperation and supplies for chips and solar manufacturing.
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Critical Resources Wins Scientific Endorsement for Battery Process
A peer-reviewed study has validated the company’s dry supersonic deposition technology, strengthening its push into next-generation solid-state battery materials.
Aureka Advances Plan to Reopen Historic Victorian Gold Mine
The company has completed an initial concept study supporting a low-cost restart of the Comstock project and has lodged a new prospecting licence application over the key Walkers Pit area.
Develop Global Awards $70M Contract to Fast-Track Pioneer Dome Lithium Mine
Bill Beament-backed Develop Global has awarded a $70 million mining services contract to MLG Oz to bring its Pioneer Dome lithium project into production this year, as the company moves to capitalize on strong lithium prices and accelerate development of the Western Australian asset.
Forrestania Buys Edna May Gold Hub for $300 Million
Ramelius Resources has agreed to sell its Edna May Gold Hub in Western Australia to Forrestania Resources for $300 million, comprising $200 million in cash and $100 million in shares.
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Atlas Arteria pushes ahead with asset review as IFM’s stake nears 40%
Atlas Arteria has opened discussions over a potential sale of its German toll road asset while continuing to reject IFM Investors' A$7.4 billion takeover proposal. The move comes as IFM's interest approaches 40%, with the company maintaining its distribution target and ongoing portfolio review.
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Dino Otranto: Architecting the Future of Mining
In an industry built on extracting resources from the earth, Dino Otranto is now engaged in a different kind of excavation altogether. As Chief Executive Officer of Fortescue's Metals and Operations division, Otranto leads one of the world's largest iron…
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Andrew Job: Transforming the Mining Industry with AI and Sustainability
When we think of technological innovation, fields like finance, medicine, or consumer tech often come to mind. Mining, however, isn’t traditionally an industry associated with digital breakthroughs. Yet, it remains one of the most critical sectors in a world racing…