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Australian
Mining News
Mining/Energy/Resources:
Australia and World
October
2025
October
21, 2025
Monday
Money: All That Glitters ...
(New
York, Wall St)
Mining
Stocks: (Near Live)
BHP
Group Ltd $43.63 -0.50 -1.13%
Fortescue Ltd $20.31 -0.56%
Rio Tinto $130.11 -1.78 -1.35%
Northern Star $23.46 -2.38 -9.21%
Evolution Mining Ltd $10.58 -1.01 -8.71%
Lynas Rare Earths Ltd $18.11 -0.86 -4.51%
Mineral Resources Ltd $41.38 -0.79 -1.87%
Gold
Price Today: 4,122.58 -219.77 -5.06%
News
Oct
22
Australia
Trump
and Albanese Seal $8.5 Billion Critical Minerals Pact
Amid Rudd Rebuke
President
Donald Trump and Australian Prime Minister Anthony
Albanese signed a framework agreement on October 20,
2025, at the White House, valued at up to $8.5 billion,
to enhance supply chains for critical minerals and
rare earths, including over $3 billion in investments
for mining and processing 30 essential metals for
defense, technology, and clean energy. The deal aims
to reduce reliance on China's dominance in these resources
while reinforcing the U.S.-Australia alliance, including
AUKUS submarine efforts. During the meeting, Trump
publicly confronted Australian Ambassador Kevin Rudd
over his prior criticisms, stating 'I don't like you
either,' prompting varied reactions from Australian
officials and widespread social media attention.
News
Albanese
hits critical mass
The
$US8.5bn ($13bn) critical minerals framework agreement
between Australia and the US will result in each country
contributing at least US$1bn to critical minerals
and rare earths projects over the next six months.
They include a gallium project in Western Australia
and the Nolans rare earths project in the Northern
Territory. Meanwhile, US President Donald Trump says
the AUKUS alliance will be a "deterrence"
to Chinese aggression in the Indo-Pacific region.
Trump contends that AUKUS will not be needed to defend
Taiwan, because he does not think China will invade
the self-governed territory. Trump has also ruled
out reviewing the current tariffs on Australian imports,
stating that the nation "pays among the lowest
tariffs"; this includes a baseline tariff of
10 per cent and a 50 per cent levy on steel and aluminium
products. (RMS)
News
The
Victorian towns poised to benefit from critical minerals
deal
Edith
Cowan University's Amir Razmjou says Western Australia,
Queensland and South Australia will benefit the most
from the landmark critical minerals deal with the
US, followed by Victoria. Meanwhile, the Victorian
government notes that the state has "globally
significant" quantities of titanium, zirconium
and rare-earth elements, as well as Australia's only
operating antimony mine. It adds that growth in critical
minerals could "inject billions of dollars of
benefits" into regional Victoria; the Gippsland,
Wimmera and Mallee regions account for the bulk of
the state's critical minerals. However, farmers have
warned that developing these deposits must not jeopardise
the state's food bowl.
News
Flashback
News
Lead Up
PM
to meet White House mining gurus to help solve crisis
Prime
Minister Anthony Albanese will attend an event in
Washington on Tuesday to mark the 140th anniversary
of mining company BHP. US Interior Secretary Doug
Burgum and National Security Council adviser David
Copley will be present at the event, with both men
heavily involved in trying to solve the US's critical
minerals crisis. A former executive of US gold, copper
and zinc miner Newmont, Copley is viewed as the White
House's unofficial mining guru, while Burgum has taken
a keen interest in the efforts of BHP and fellow Australian
mining firm Rio Tinto to establish a large copper
mine in Arizona. (RMS)
News
NuCoal
to blight pitch on minerals
There
are claims that the cancellation of a coal mining
licence by the NSW government in 2014 represents a
breach of the Australian-US free trade act. The licence
was held by NuCoal, with US investors in NuCoal seeking
as much as $500 million in compensation for the cancellation.
Nick Farr-Jones, director of Taurus Funds Management,
which represents US shareholders in NuCoal, says Prime
Minister Anthony Albanese should use his trip to Washington
and his meeting with US President Donald Trump as
an opportunity to compensate the US investors. Farr-Jones
says Australia needs to "right this wrong"
if the federal government is to have any credibility
when it comes to mineral rights. (RMS)
News
Gold
Bulls have no choice but to push
Gold's
rally to record highs above $4,300 per ounce resulted
from a debasement trade. Governments cannot cope with
budget deficits, are accumulating debt and demanding
that central banks cut interest rates, as in the US,
or keep them low, as in Japan. As a result, investors
are losing confidence in government bonds and currencies.
They are looking for alternatives and turning their
attention to precious metals. As a result, gold has
been gaining for the last nine weeks, the fifth time
in the history of free currency conversion since the
1970s. However, there has never been a 10-week consecutive
growth period. The gap from the 200-week moving average
also shows the excessiveness of the rally. The spot
price at its peak exceeded this line by 90%. There
has only been one larger gap once before, in 1980.
At the very least, the market needs a technical respite.
But historically, its beginning could be the start
of a significant multi-year reversal. Now, we are
on the side of the bears, but at the same time, we
understand that the bulls simply have no choice but
to push the price further up, as stopping would ruin
the whole game. Each time, gold finds a new driver
of growth. In the summer, there were expectations
of a resumption of the Fed's easing cycle. To be cont...
(FxPro)
News
Rinehart's
rare earths shares top $3.5b as Trump needles China
Hancock
Prospecting has increased its exposure to the rare
earths sector after participating in St George Mining's
$72.5m capital raising. The latter had initially sought
to raise $40m, but increased this to $50m in response
to strong demand from institutional investors. St
George subsequently also agreed to issue Hancock with
$22.5m worth of shares, lifting the Gina Rinehart-controlled
company's stake to around six per cent. St George
will use the proceeds of the capital raising to expand
its Araxa project in Brazil. Hancock's other investments
in the sector include Lynas Rare Earths, Arafura Rare
Earths and US-based MP Materials. (RMS)
News
Flashback
PM
has his work cut out striking rare earths deal with
Trump
Prime
Minister Anthony Albanese is hoping to secure a deal
with US President Donald Trump regarding the US getting
access to Australia's rare earths, but it may not
be as easy as Albanese might hope. The Trump administration
is seen as being divided into two camps on the issue,
namely the resource nationalists and the economic
rationalists, and the first one is currently holding
sway. They believe the US should create an end-to-end
critical mineral supply chain, and it was probably
behind the recent US government investments and equity
stakes in US critical minerals mining firms Lithium
Americas and MP Materials. The economic rationalists
camp believes the US needs the help of its allies
to meet its critical mineral needs, at least in the
short term, with it being noted it can take more than
20 years to open a new mine in the US. (RMS)
News
Minerals/Politics
Stockpile
of critical metals urgent: miners
The
federal government aims to establish its $1.2bn critical
minerals strategic reserve by late 2026. However,
the mining industry has warned the government that
it must act more quickly to build the minerals stockpile,
contending that another mining nation could potentially
trump Australia and become a supplier of choice to
defence partners such as the US and Japan. Meanwhile,
the industry is believed to have been told that the
government may use contracts for difference to set
a 'floor price' for critical minerals. The strategic
reserve is expected to a priority when Prime Minister
Anthony Albanese meets US President Donald Trump at
the White House next week. (RMS)
News
Australian/Asia
Pacific News
Rio
set to shutter Tomago smelter
The
Tomago aluminium smelter's coal-fired power supply
contract with AGL Energy is set to expire in 2028,
and it faces the prospect of a massive increase in
power costs under any new supply agreement. This makes
it highly likely that Rio Tinto and its partners in
Tomago will permanently shut down the NSW smelter
in 2028, unless investment in renewable energy in
the state is ramped up significantly in the next few
years. The cost of electricity is also a major threat
to the future of Rio Tinto's Bell Bay aluminium smelter
in Tasmania, with its current supply deal to expire
at the end of this year. The Tomago smelter employs
more than 1,000 people. (RMS)
News
Ellison
loses key ally in MinRes board exodus
Iron
ore and lithium producer Mineral Resources has appointed
Colin Moorhead and Susan Ferrier as non-executive
directors. Their recruitment follows the departure
of six members of Mineral Resources' board in recent
months; this includes Zimi Meka, whose resignation
was announced on Friday. The recent departures mean
that only three of the nine MinRes directors who attended
its 2024 AGM will front shareholders at this year's
meeting; they include embattled MD Chris Ellison,
who has previously committed to stepping down by mid-2026.
(RMS)
News
Rare
earths market splits into light and medium-heavy segments
There
are increasing signs that the rare earths market is
splitting into two distinct segments, namely light
elements such as as neodymium and praseodymium, and
medium-heavy elements such as dysprosium and terbium.
The Shanghai Metal Market suggests that while demand
for light elements remains stable, demand for medium-heavy
elements is weak, and procurement teams need to differentiate
between these segments when negotiating contracts.
US buyers need to cultivate relationships with non-Chinese
suppliers, as well as keeping an eye on government
equity moves, as Washington's willingness to take
direct stakes in projects like Tanbreez suggests future
deals are likely.
News
Rio,
Japanese in Pilbara mine deal
Rio
Tinto has secured state and federal government approvals
to develop new iron ore deposits at the West Angelas
hub in the Pilbara. Rio Tinto and its Robe River joint
venture partners, Mitsui and Nippon Steel, will invest
$US733m ($1.1bn) to expand the West Angelas mine,
with Rio Tinto to contribute $US389m. The expansion
of West Angelas will maintain its annual production
capacity of 35 million tonnes. Rio Tinto launched
its Western Range iron ore joint venture with China-based
Baowu in June, as part of its ongoing commitment to
the Pilbara. (RMS)
News
Loophole
use in $2.4b gold deal leads to reform calls
Shares
in gold miner Predictive Discovery have rallied in
the wake of a proposed merger with Toronto-listed
Robex. Predictive's shareholders will control 51 per
cent of the merged group, although they will not be
given a vote on the deal. In contrast, the merger
will need to be approved by at least two-thirds of
Robex shareholders. The proposed merger has prompted
renewed scrutiny of the ASX's listing rules, which
allow companies to waive the requirement for a shareholder
vote under certain circumstances. Simon Mawhinney
from Allan Gray Australia has likened the Predictive
deal to James Hardie's merger with Azek earlier this
year. (RMS)
News
GoldMining
Inc. launches 2025 exploration at São Jorge,
Brazil
Comprehensive
program targets copper-gold zones; recent drilling
hit 2.79 g/t AuEq over 79m, including antimony mineralization.
Company also expands land package and updates mineral
resource estimates.
News
Nevada
Gold Mines deploys autonomous haul trucks
Fleet
of 300- and 230-tonne trucks automated using Komatsu's
FrontRunner system across U.S. surface operations
for efficiency gains.
News
Calls
for uranium listing as US goes all out on nuclear
power
Shadow
energy minister Dan Tehan says White House officials
emphasised during his recent visit to the US thart
a secure supply of uranium is a priority for the Trump
administration. Tehan contends that the federal government
should therefore add uranium to its critical minerals
list, and include it in any deal with the US for an
exemption from its reciprocal tariffs regime. Australia
accounts for about one-third of the world's known
reserves, although the nation's exports of unenriched
uranium comprises just 10 per cent of global supply
at present. Tehan recently reiterated that nuclear
power will remain part of the Coalition's energy policy.
(RMS)
News
BHP
salutes Japan 'trust'
BHP's
president of its Australian operations, Geraldine
Slattery, addressed an Australia-Japan business conference
on Monday. She declined to comment on unconfirmed
reports that China has banned the resources group's
Pilbara iron ore shipments. Instead, she emphasised
BHP's "deep" relationship with Japan and
the free-trade relations between the two nations.
Slattery highlighted the level of trust and transparency
in the relationship between Australia and Japan. (RMS)
News
MinRes
appoints company secretary
Iron
ore and lithium producer Mineral Resources has appointed
Sarah Standish as its joint company secretary. Standish
will replace CFO Mark Wilson in the role, which she
will share with Derek Oelofse. Mineral Resources has
released a statement in which it notes that Standish
has 20 years of experience in legal, governance, risk
and compliance functions at both ASX-listed and international
companies in the mining and energy sectors. Her appointment
has coincided with the Australian Securities &
Investments Commission investigation into corporate
governance issues at Mineral Resources. (RMS)
News
Upstart
glisters among surging gold miners
The
gold price has risen by almost 50 per cent in US dollar
terms so far in 2025. This has in turn boosted the
share prices of Australian gold producers; Northern
Star Resources' market capitalisation has increased
by 60 per cent so far in 2025, reaching a record high
of $35bn last week. Meanwhile, Westgold Resources'
share price rose by 24 per cent last week, lifting
its market capitalisation from $4bn to $5.1bn; this
followed its announcement of plans to lift gold production
by 45 per cent to 470,000 ounces over the next three
years. (RMS)
News
Lynas
revisited: Can it reclaim its crown in rare earths?
Lynas
Rare Earths is one of the few players in the sector
outside China with genuine scale, but it is now at
a critical juncture. A vertically integrated business
model allows Lynas to produce a range of refined products,
particularly neodymium and praseodymium. However,
its product mix has leaned heavily toward light rare
earths, leaving it exposed to pricing volatility.
The most notable development in 2025 has been Lynas's
breakthrough into heavy rare earths; the company announced
its first production of dysprosium oxide in May, followed
by terbium oxide at its Malaysian plant in June. This
milestone currently makes Lynas the only commercial-scale
producer of separated heavy rare earths outside China.
Potential risks for Lynas include cost inflation,
the ongoing threat of competition from China and uncertainty
regarding the future of its licence in Malaysia. (RMS)
News
MinRes
scores legal win on port levies
The
Supreme Court of Western Australia has ruled that
Mineral Resources and its lawyers should be allowed
to see details of a controversial agreement between
the state government and Chevron. The state-owned
Pilbara Ports Authority had sought to block access
to the agreement, which requires MinRes to pay a levy
for using a cargo wharf and part of a shipping channel
that had been dredged by Chevron for its Wheatstone
LNG project. Chevron also built the Port of Ashburton,
which MinRes now uses to export iron ore from its
Onslow Iron project. (RMS)
News
Rare
earth magnets have become the new battleground for
global power
The
unique properties of rare earth magnets have resulted
in them becoming strategic assets, and supply chain
control is increasingly being viewed as a matter of
national security. China dominates the global production
and supply of rare earth magnets, and this dependence
on China was underlined earlier this year when the
nation imposed export controls. Four rare earth magnet
factories are currently under construction in the
US, but China has been investing in rare earths processing
for decades; it also manufactures most of the world's
refining equipment and employs most of the specialised
technicians, so ending China's dominance is likely
to take years. (RMS)
News
BHP
Faces Chinese Iron Ore Ban Amid Pricing Dispute:
Reports
emerged that China's state-run iron ore buyers have
instructed steelmakers to halt purchases of dollar-denominated
cargoes from BHP, causing the company's shares to
drop 1.8%. This escalates a broader pricing row, with
BHP's stock closing at A$41.91 (down 0.73%). Analysts
warn of potential supply chain disruptions for Australia's
largest exporter.
Rio
Tinto Eyes Early Closure of Queensland's Largest Coal
Power Station:
The
mining giant notified the Australian Energy Market
Operator of a potential shutdown of its 1,000 MW coal-fired
plant at the Tarong site as early as March 2029—six
years ahead of schedule. This aligns with Rio's decarbonization
push but raises concerns over energy reliability in
coal-dependent Queensland.
Alcoa
Permanently Closes Kwinana Alumina Refinery:
The
U.S.-based firm confirmed the shutdown of its Western
Australian facility after 60 years, citing high energy
costs and global oversupply. This impacts 400 jobs
and underscores aluminium sector struggles, with WA's
government exploring support for affected workers.
Coal
Royalty Pressures Lead to Job Cuts:
BHP's
closure of the Saraji South mine in Queensland's Bowen
Basin will eliminate 750 jobs, blamed on royalties
eight times higher than 2024 profits.
Anglo
American announced further redundancies at its Grosvenor
mine and Brisbane office (potentially 1,000+ roles).
Queensland's government offers fee relief but resists
royalty cuts.
News
Flashback
Events
The
sector gears up for major gatherings focusing on innovation
and investment:
WA
Mining Conference & Exhibition: October 8–9,
Perth Convention Centre—spotlighting future tech,
sustainability, and critical minerals. Expected to
draw thousands for networking and demos.
International
Mining & Resources Conference (IMARC): October
21–23, Sydney—featuring leaders from 120+
countries, including Federal Resources Minister Madeleine
King. Themes include global investment and decarbonization.
Asia-Pacific
International Mining Exhibition (AIMEX):
September
23–25, Adelaide (ongoing as of early October)—showcasing
automation and safety, with the Australian Mining
Prospect Awards at Adelaide Oval.
News
Flashback
Trump
seeks equity stakes in critical mineral producers
The
US Department of Defense bought $US400m ($607m) worth
of shares in rare earths producer MP Materials earlier
in 2025. The Trump administration is said to be looking
at buying equity-like stakes in other producers of
critical minerals, according to executives of Australian
mining companies who recently held talks with officials
from various US government agencies. Amongst other
things, the government is said to be interested in
buying stock warrants, which would grant it the right
to buy shares in a mining company. The US aims to
reduce its reliance on China for minerals that are
crucial for defence technology and the energy transition.
(RMS)
News
Argonaut
tips gold to hit $US4500, lithium revival as supply
tightens
The
gold price has risen by 45 per cent so far in 2025,
and it is currently trading above $US3,800 per ounce.
Perth-based stockbroker Argonaut is bullish about
the outlook for bullion, lifting its peak price forecast
to US$4,500. Argonaut's executive chairman and co-founder
Eddie Rigg also anticipates further consolidation
in the gold sector. Meanwhile, Rigg expects the lithium
price to rebound, arguing that proposed new projects
in South America and Africa are unlikely to proceed
in the near-term; he notes that they will be capital-intensive,
while many are in volatile jurisdictions. (RMS)
News
News
Flashback
Profile
Hancock
Prospecting
Hancock
Prospecting Pty Ltd is an Australian-owned mining
and agricultural business run by Executive Chairwoman
Gina Rinehart and CEO Garry Korte. At various stages
of its trading history, the company has been known
as Hancock Prospecting Ltd, Hancock Resources Ltd,
Hanwright Pty Ltd, Hancock & Wright Ltd, and Hancock
Prospecting Pty Ltd.
Hancock
Prospecting Pty Ltd is owned by Rinehart (76.6%) and
the Hope Margaret Hancock Trust (23.4%).
The
company was founded in 1955 by Rinehart's father,
the late Lang Hancock. Hancock Prospecting holds the
mineral rights to some of the largest Crown land leases
in the Pilbara region of Western Australia.
Gina
Rinehart has disputed accusations that she is an heiress.
Through Rinehart's spokesperson and chief financial
officer at Hancock Prospecting, Jay Newby, Rinehart
has claimed that upon assuming the role of the Executive
Chairwoman, she took over a company that was in a
perilous financial position with significant debt
and major assets mortgages and under threat of seizure.
Projects:
Balfour
Downs Station Manganese Operation, northeast of Newman,
a joint venture with Mineral Resources
Hope
Downs mine, northwest of Newman, a joint venture with
Rio Tinto
Roy
Hill project, south of Port Hedland, a joint venture
between Hancock Prospecting (70%), Marubeni (15%),
POSCO (12.5%), and China Steel Corporation (2.5%)
Alpha
Coal project, Galilee Basin in Central Queensland
Kevin's
Corner coal project, Galilee Basin in Central Queensland
Nicholas
Downs mine, northwest of Newman, a joint venture with
Mineral Resources
(Developing
profile/news). To be cont ...
News
Best
Quotes
The
best and biggest gold mine is in between your ears."
"You
are a gold mine of potential power. You have to dig
to find it and make it real."
"Your
mind is like a gold mine, if you dig deep you will
find something golden."
"Don't
die without mining the gold in your mind."
"We're
like goldfields. Until we dig deep to find what's
inside us, our true potentials may be hidden forever."
"If
you want to find gold, you've got to love the process
of digging."
"Even
if you're sitting on a gold mine, you still have to
dig."
"Develop
men the same way gold is mined"
"Don't
go into the mine looking for dirt; instead, go in
looking for the gold."
"A
prospector's job is to remove dirt as quickly as possible"
"A
prospector who analyses every speck of dirt won't
find much gold"
"The
world is sitting on a gold mine but knows it not."
"Make new friends, but keep the old; Those are
silver, these are gold."
"All
that is gold does not glitter."
"Gold
is forever. It is beautiful, useful, and never wears
out"
"Gold
is the money of kings"
"Mining
is the art of exploiting mineral deposits at a profit.
An unprofitable mine is fit only for the sepulcher
of a dead mule."
"Anyone
can find the dirt in someone. Be the one that finds
the gold."
"True
gold fears no fire."
"The
desire of gold is not for gold. It is for the means
of freedom and benefit."
"Make
new friends, but keep the old; Those are silver, these
are gold."
"When
taken for granted, gold in one's hand is sometimes
considered like cheap copper – so are people."
Media
Man
Roy
Morgan wins Media Man 'News Services Provider Of The
Month' award; Runner-ups: X, Google News, Yahoo! Finance
News
Australian
mining and exploration sector embracing living statues
and bodypainting for special events and VIP functions
- May 2014
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