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Mining/Energy/Resources/Culture: Australia and World

2025

News

Landman

Oil and Gas Industry: A landman is a professional who negotiates and manages land and mineral rights for oil, gas, or energy companies. They research property titles, negotiate leases with landowners, ensure compliance with regulations, and handle contracts. Landmen can be in-house (working directly for a company) or independent field landmen (contractors who research records and negotiate on behalf of companies).

Certifications like Registered Landman (RL) or Certified Professional Landman (CPL) are offered by the American Association of Professional Landmen (AAPL). Their role is critical in securing rights for exploration and production, often requiring legal knowledge, negotiation skills, and courthouse research.

Cultural References: "Landman" is also the title of a Paramount+ TV series (premiering 2024, with Season 2 set for November 16, 2025), starring Billy Bob Thornton as a West Texas oil worker. The show, created by Taylor Sheridan, portrays the oil industry and has gained attention for its authenticity and strong performances.

Mining/Energy/Rare Earths/Biz/Culture/Politics: Australia, U.S and World

Mad Monday Edition

News

November 2025

Markets

Nov 17

Australian Dollar: $0.6529 USD (up 0.0001 USD)
Iron Ore: $102.50 USD (down 0.35 USD)
Oil: $60.09 USD (up $1.34 USD)
Gold: $4,080.78 USD (down $82.66 USD)
Copper: $5.0500 USD (up $0.0015 USD)
Bitcoin: $94,324.41USD (down 1.62%)
Dow: 47,147.48 (down 309.74 points)

Bitcoin: (Near Live) $95,096.48 -0.79%

News

Heavy Industry Awards

Mack Trucks wins Media Man 'Truck Manufacturer Of The Month' award

Caterpillar wins Media Man 'Heavy Equipment Manufacturer Of The Month' award

Bingo Industries wins Media Man 'Construction Brand Of The Month' award

Elders wins Media Man 'Agribusiness Of The Month' award

Landman wins Media Man 'Streaming Series Of The Month' award (Oil/mining industry based story via Paramount Plus)

News

Wyloo bets on nickel future as part of critical minerals boom

Wyloo's financial accounts show that it booked a $377.6m profit in 2024-25, after a massive impairment charge on its nickel assets resulted in a $352.8m loss for the previous financial year. The private company of Andrew and Nicola Forrest is continuing to explore for nickel near its mothballed mines in Western Australia, while it is also considering the construction of a nickel concentrator near Kambalda. Wyloo's CEO Luca Giacovazzi stated in its latest annual report that its future growth is likely to be on mining and selling nickel, while this focus is expected to be expanded to include rare earths. (RMS)

Nov 15

Make coal great again or China gets your data: Hanson

One Nation leader Pauline Hanson will release details of the party's energy policy during the last parliamentary sitting week for 2025. However, Hanson contends that amongst other things Australia must withdraw from the Paris climate agreement and extend the operating lives of the nation's existing fleet of coal-fired power stations. Hansen has emphasised the importance of coal-fired power generation to data centres in Australia, warning that they will not be able to compete with China. Hanson adds that it "frightens the hell out of me" that China will dominate global data storage due to its lower electricity prices, which will be at least partly due to coal imported from Australia. (RMS)

News

Former Rio boss called to Mongolian probe

A Mongolian parliamentary inquiry into cost blowouts at the Oyu Tolgoi copper mine was announced in September, with public hearings due to be held between December 8 and 12. Slated to be one of the world's top-five producers of copper by the end of the decade, the Oyu Tolgoi mine cost almost $US1.7 billion more than planned and took almost two years longer than expected to build. Former Rio Tinto CEO Jean-Sebastien Jacques is one of close to 300 witnesses called to appear before the inquiry, with Jacques having been CEO of Rio from 2016 to 2020. (Roy Morgan Summary)

Nov 14

BHP to learn class action fate for $72b Brazil dam disaster

The UK's High Court will shortly issue a ruling on whether BHP is legally for an iron ore tailings dam disaster in Brazil which killed 19 people and caused massive environmental damage in November 2015. The tailing dam was owned by the Samarco joint venture between BHP and iron ore rival Vale. Should BHP be found to be legally liable, individual claimants' eligibility for compensation and the size of any payouts will be determined in the next stage of the long-running case. BHP and Vale have already paid billions in compensation to people who were affected by the disaster. (RMS)

News

Fresh probe launched into MinRes, Ellison

It has been revealed that the Australian Taxation Office has launched a new investigation into Mineral Resources and its billionaire founder Chris Ellison. News of the investigation was revealed in a request sent by the ATO to the Federal Court in October for access to previously sealed documents that had been filed in the unfair dismissal case brought by MinRes' former procurement manager Steve Pigozzo in 2022. The new investigation will focus on how MinRes and Ellison calculated income and fringe benefit taxes, with the revelation regarding the new probe coming as MinRes prepares to hold its AGM next week, at which shareholders will be asked to approve a lucrative share options package for new chairman Malcolm Bundey. (Roy Morgan Summary)

News

Rio ends two-decade Serbia lithium mining dream as cost cuts bite

Rio Tinto has advised that its Jadar lithium project in Serbia has put in 'care and maintenance' mode. The company will cease undertaking environmental, heritage and geological surveys at the site in the Jadar Valley, four years after revealing plans to invest $US2.4bn ($3.7bn) on developing what it claimed would be the biggest lithium mine in Europe. There is growing competition for capital within Rio Tinto's lithium division, and its $10bn deal to acquire Arcadium Lithium earlier in 2025 added several mines that are already in production to its lithium portfolio. (RMS)

News

American activist claims IperionX more dud than minerals gem

Trading in the shares of Australian-listed IperionX were halted on Thursday, following the release of a report into the company by New York hedge fund Spruce Point Capital Management, which specialises in short-selling. With the US-based IperionX seeking to develop titanium extraction technology and having been backed by the Trump administration as part of its bid to secure domestic production of critical minerals, Spruce Point's report sought to raise doubt about IperionX's prospects. (RMS)

News

Biotech gets $20m in critical minerals push

US-based biotechnology firm Endolith has raised $US13.5m ($20.6m) via its initial round of venture funding, while it aims to raise an additional $3m in a second tranche. The start-up is developing technology that can be used to extract critical minerals such as copper from low-grade ore and waste rock that would be unprofitable to process using traditional methods. Endolith's technology uses microbes and artifical intelligence, and the company aims to commence real-world trials at a mine site within 6-12 months. (RMS)

News

Oversupply of oil could create glut of 4m barrels a day, says energy watchdog

The International Energy Agency has stated in its latest monthly report that the world is producing more oil than it needs, and that there could be a glut of 4m excess barrels a day entering the market by 2026. The IEA's warning has come in the same week that it issued its latest energy outlook report, which included a controversial scenario in which global oil demand would continue to grow until 2050. It had dropped the scenario in 2020 after it was accused of repeatedly criticised for underestimating the growth of renewable energy in its annual report, but returned the scenario to its outlook this year after calls from the White House to present a more optimistic view for the future of oil. (RMS)

News

Markets

Australian Dollar: $0.6528 USD (down $0.0012 USD) Iron Ore: $102.85 USD (up $0.20 USD) Oil: $58.75 USD (up $0.33 USD) Gold: $4,163.44 USD (down $33.38 USD) Copper: $5.0485 USD (down $0.0345 USD) Bitcoin: $98,332.56 USD (down 3.01%) Dow Jones: 47,460.49m (down 794.33 points)

Bitcoin: (Near Live) $97,618.71 =5.38%

News

The cryptocurrency market is stagnating, lagging its competitors

Market Overview
The cryptocurrency market capitalisation has changed little over the past day, fluctuating around $3.5 trillion. The cryptocurrency fear index has fallen to 15, its lowest level since 4 March. Notably, the cryptocurrency market has been left out of the recent rally in precious metals and stock indices. If this is not an attempt by whales to lock in profits from the rally since April or even from the growth of the last two years, then it is an alarming signal of deep-seated risk aversion that is about to manifest itself in larger markets.

Bitcoin continues to struggle to remain within the bull market on weekly timeframes, trying to stay above the 50-week moving average. Last week's close was on the edge and attempts to develop an offensive this week are running into sell-offs, despite the favourable external backdrop. The previous such transition occurred at the end of 2021, and so far, everything aligns with the 4-year halving cycles that many were quick to dismiss.

News Background

Over the past three months, a clear break has occurred in the correlation between Bitcoin and the stock market. The S&P 500 stock index has risen 7% during this time, while BTC has lost 15%. Judging by four years of close correlation, it can be argued that Bitcoin is currently undervalued, according to Santiment.

Jan3 founder Samson Mow attributes Bitcoin's decline to a massive sell-off by investors who bought it over the past 12 to 18 months. They are rushing to lock in profits amid rumours of an imminent bearish trend in the crypto market.

The crypto market's growth phase is nearing its end, so it is time for investors to consider locking in profits and reducing the share of crypto assets in their portfolios, according to Morgan Stanley, which cites a four-year cycle that the cryptocurrency market has consistently followed since 2009.

The bitcoin mining industry is facing a difficult period due to growing competition and declining profitability, said MARA CEO Fred Thiel. According to him, only those miners who have access to cheap energy or new business models will survive.

According to SoSoValue, spot Solana ETFs in the US have attracted more than $350 million in 11 trading sessions. The steady inflow of funds into new SOL ETFs came as a surprise to the market. The results significantly exceeded initial conservative forecasts, according to LVRG Research.

Visa has unveiled a pilot project called Visa Direct, which allows US customers to make direct cross-border payments in USDC stablecoin to recipients' wallets. The initiative is aimed at content creators and freelancers.

The crypto industry is entering a new phase of capital raising. The launch of Coinbase's ICO platform is expected to be a key event in this trend, according to Bitwise. The exchange will select and launch one verified project per month. (FxPro)

News

The dollar emerging from the data fog

• The US government shutdown is over. • Central bank policy convergence helps EURUSD. • Political scandal causes the pound to fall. • Japan's currency interventions are ineffective The House of Representatives voted 222 to 209 to resume government operations. The president immediately signed the document. The record-long shutdown is over. This fact promises that the Fed and investors will soon begin to exit their positions. The president immediately signed the document. The record-breaking shutdown is over. This fact suggests that the Fed and investors will quickly start to emerge from the fog once statistics are published again, allowing them to make data-driven decisions. But will they like what they see when the picture becomes clearer?
Alternative sources show a slowdown in the US GDP. The IMF forecasts a decline in its growth rate from 2.8% to 2% in 2025. The eurozone, on the other hand, is expected to accelerate from 0.9% to 1.2%. At the same time, the Bank of France plans to raise its estimates for the country, despite the ongoing political turmoil. The narrowing divergence in economic growth argues in favour of maintaining the upward trend for EURUSD. The same can be said about monetary policy. The ECB has most likely ended its easing cycle, barring any major shocks. The federal funds rate is likely to continue falling amid a cooling US labour market and economy. The euro has advantages over the dollar. However, in the short term, mixed data could lead to mixed movements in EURUSD.
The conflict on Downing Street has allowed GBPUSD bears to launch a new attack. When Labour came to power in Britain in 2024, the pound gained preference thanks to hopes for political stability after constant ministerial changes under the Conservatives. However, since then, Prime Minister Keir Starmer's ratings have been falling. Rumours of a plot to replace the leader have made investors nervous and prompted them to sell sterling. Doubts about the effectiveness of potential currency interventions continue to push the USDJPY pair higher. The current conditions differ from those of last year. Back then, Tokyo intervened in the FOREX market before raising the overnight rate. Now, Sanae Takaichi is sticking to a policy of fiscal and monetary stimulus. Any purchase of the yen will only have short-term success. In addition, it will require the expenditure of foreign exchange reserves. These are needed to make the investments in the US economy promised to Donald Trump. (FxPro)

News

Heavy Industry Awards

Mack Trucks wins Media Man 'Truck Manufacturer Of The Month' award

Caterpillar wins Media Man 'Heavy Equipment Manufacturer Of The Month' award

Bingo Industries wins Media Man 'Construction Brand Of The Month' award

Elders wins Media Man 'Agribusiness Of The Month' award

Landman wins Media Man 'Streaming Series Of The Month' award (Oil/mining industry based story via Paramount Plus)

News

Media

Google Finance wins Media Man 'Business News Website Of The Month' award; Runner-up: Yahoo! Finance

Netflix wins Media Man 'Streaming Service Of The Month' award; YouTube and Paramount Plus are runner-ups! Strong mention: Tubi

News

Pop Culture News

Landman (Paramount Plus)

Plot

Set against the backdrop of the booming West Texas oilfields, Landman follows Tommy Norris (Billy Bob Thornton), a crisis manager and landman for an independent oil company. Tommy navigates cutthroat deals, family tensions, and moral dilemmas while trying to keep his business afloat. The story kicks off with an investigation into a fatal accident involving an out-of-town lawyer, weaving in elements of drug cartels.

Landman is an American drama television series created by Taylor Sheridan and Christian Wallace, inspired by Wallace's podcast Boomtown. It explores the high-stakes world of the oil industry in West Texas, blending themes of fortune-seeking, corporate intrigue, and personal drama amid roughnecks, billionaires, and geopolitical shifts.

The series premiered on Paramount+ on November 17, 2024, and has been renewed for a second season.

Landman: Season 2. Trailer (Paramount Plus)
https://youtube.com/watch?v=mhzQawESdqg

"You think you understand how this business works, but you don't." Things are heating up in the final Landman trailer. Season 2 premieres November 16, 2025, only on Paramount+.

"Death and a Sunset"
November 16, 2025

"Sins of the Father"
November 23, 2025

"Almost a Home"
November 30, 2025

"Dancing Rainbows"
December 7, 2025

"The Pirate Dinner"
December 14, 2025

"Dark Night of the Soul"
December 21, 2025

"Forever Is an Instant"
December 28, 2025

"Handsome Touched Me"
January 4, 2026

"Plans, Tears and Sirens"
January 11, 2026

"Tragedy and Flies"
January 18, 2026

News

Gold Movie

Gold is a 2016 American epic crime drama film directed by Stephen Gaghan and written by Patrick Massett and John Zinman. The film stars Matthew McConaughey, Édgar Ramírez, Bryce Dallas Howard, Corey Stoll, Toby Kebbell, Craig T. Nelson, Stacy Keach and Bruce Greenwood. The film is loosely based on the true story of the 1997 Bre-X mining scandal, when a massive gold deposit was supposedly discovered in the jungles of Indonesia; however, for legal reasons and to enhance the appeal of the film, character names and story details were changed.

Trailer

Gold (YouTube Movies and TV)
https://youtube.com/watch?v=yc0S96OZhi0

Gold is the epic tale of one man's pursuit of the American dream, to discover gold. Starring Oscar® winner Matthew McConaughey (Interstellar, Dallas Buyers Club, The Wolf Of Wall Street) as Kenny Wells, a modern day prospector desperate for a lucky break, he teams up with a similarly eager geologist and sets off on an amazing journey to find gold in the uncharted jungle of Indonesia. Getting the gold was hard, but keeping it would be even harder, sparking an adventure through the most powerful boardrooms of Wall Street. The film is inspired by a true story.

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

Mining/Energy/Resources/Markets/Politics/Culture: Australia, US and World

October 2025

Thirsty Thursday Media Watercooler: All That Glitters? Drill, Baby Drill!
Search For Industry Culture and Beyond The Harsh Earth Surface; Wealth Found In Dirty Jobs

Oct 30

Pop Culture News

Plot

The series premiered on Paramount+ on November 17, 2024, and has been renewed for a second season.

Landman: Season 2. Trailer (Paramount Plus)
https://youtube.com/watch?v=mhzQawESdqg

"You think you understand how this business works, but you don't." Things are heating up in the final Landman trailer. Season 2 premieres November 16, 2025, only on Paramount+.

"Death and a Sunset"
November 16, 2025

"Sins of the Father"
November 23, 2025

"Almost a Home"
November 30, 2025

"Dancing Rainbows"
December 7, 2025

"The Pirate Dinner"
December 14, 2025

"Dark Night of the Soul"
December 21, 2025

"Forever Is an Instant"
December 28, 2025

"Handsome Touched Me"
January 4, 2026

"Plans, Tears and Sirens"
January 11, 2026

"Tragedy and Flies"
January 18, 2026

News

Gold Movie

Trailer

Gold (YouTube Movies and TV)
https://youtube.com/watch?v=yc0S96OZhi0

News

Oct 30

Markets

Australian Dollar: $0.6570 USD (down $0.0010 USD)
Iron Ore: $107.75 USD (up $1.35 USD)
Oil: $60.40 USD (up $0.48 USD)
Gold: $3,933.57 USD (down $20.40 USD)
Copper: $5.2030 USD (up $0.0320 USD)
Bitcoin: $111,274.01 USD (down 1.22%)
Dow: 47,632.00 (down 74.37 points)

News

Fading Roy Hill seeks new riches

Iron ore miner Roy Hill has posted a net profit of $1.8bn for 2024-25, compared with $3.2bn in the previous financial year; it is the Gina Rinehart-backed company's lowest profit since 2019-20. Roy Hill's iron ore shipments totalled 61.6 million tonnes in 2024-25, compared with 64 million tonnes previously. The company's latest results were marred by factors such as lower iron ore prices and production disruptions caused by Cyclone Zelia in early 2025. Roy Hill's flagship mine is estimated to have a remaining production life of about seven years, but Rinehart says the new McPhee mine will extend the operating life of the Roy Hill mine. (RMS)

News

Northern Minerals faces battle for board

A spokesman for Northern Minerals says its four directors take their role of acting in the best interests of all shareholders very seriously. They add that the board supports the re-election of executive chairman Adam Handley at the upcoming AGM in order to maintain a "stable, united and effective board", while it opposes the election of non-endorsed nominees for the same reasons. Chinese businessman Enping Fu and Sydney-based businesswoman Joanna Yanis are seeking to be elected to the board of the heavy rare earths miner; the former narrowly failed to do so in 2024. The federal government ordered companies with Chinese links to divest shares in Northern Minerals last year, due to the strategic importance of its Browns Range project. (RMS)

News

Trunp's $121b nuclear deal fresh blow to uranium short-sellers

The share prices of Australian-listed uranium producers rallied on Wednesday after the Trump administration revealed plans to spend US80bn ($121.4bn) on new nuclear reactors across the US. The deal with Westinghouse Electric is aimed at ensuring a reliable electricity supply for the power-hungry data centres that will drive the artificial intelligence revolution. Westinghouse is owned by private equity firm Brookfield and uranium miner Cameco; the latter's shares rose by 23 per cent in response to the deal. Meanwhile, the proportion of Australian uranium stocks that are held by short-sellers has fallen sharply in recent weeks. (RMS)

Oct 29

BHP-backed firm adds value to US-Australia deal

Innovative technology that can extract critical minerals from mining waste is being trialled at Rio Tinto's Kennecott copper mine in the US. SiTration is seeking to commercialise its silicon membrane filter, and BHP's ventures arm participated in its second round of fundraising from seed investors in 2024. SiTration's co-founder and CEO Brendan Smith says its filter is being used to process acid mine drainage at Kennecott to extract "market-ready" copper. Recent academic research from the Colorado School of Mines suggested that waste by-products stored at 54 hard-rock metal mines may contain at least $US10bn worth of copper and more than $US1bon of rare earths. SiTration was spun off by the Massachusetts Institute of Technology in 2020. (RMS)

News

Gold below $US4000, 'deeper' losses ahead

The gold price has fallen 9.1 per cent since reaching a record high of $US4,381 an ounce last week. Tony Sycamore from IG Markets says the gold price's fall below $US4,000/ounce indicates that a deeper pullback to around the $US3,500 level is likely. Ole Hansen from Saxo Bank says the price of bullion could take some time to rebound if there is a deep pullback, and suggests that any recovery may not occur until next year. The prospect of a US-China trade deal may also weigh on the gold price, given that economic concerns and geopolitical tensions have been a key driver of demand for the traditional 'safe haven' asset. (RMS)

News

Rinehart weathers the storm as Atlas profits plunge from weaker prices

Hancock Propecting-owned Atlas Iron has posted a $260m profit for 2024-25, which is nearly 41 per cent lower than previously. The result was marred by lower iron ore prices and the impact of Cyclone Zelia on production at its Mount Webber, Sanjiv Ridge and Miralga iron oire mines in the Pilbara; Atlas achieved annual sales totalled $10m for the financial year. Mining magnate Gina Rinehart amalgamated Atlas and Roy Hill in mid-2025 to form Hancock Iron Ore. The group's new McPhee iron ore mine is slated to commence production in the current financial year. (RMS)

News

Gina Rinehart backs Arafura's $475m raise in rare earths stampede

Hancock Prospecting will increase its stake in Arafura Rare Earths from 9.4 per cent to 15.7 per cent after agreeing to buy $125m worth of shares in the rare earths group's proposed $475m placement. Arafura intends to issue new shares at $0.28 apiece, which is a 28 per cent discount to its most recent trading price. The share placement will provide nearly all of the remaining capital Arafura needs for its Nolans rare earths project in the Northern Territory. Arafura aims to make a final investment decision on Nolans in early 2026. (RMS)

News

Taxpayer-backed Liontown burns through cash after $363m raise

Liontown Resources has advised that it produced 87,172 tonnes of lithium concentrate in the September quarter, which is one per cent higher than the previous quarter. However, sales volumes were 20 per cent lower at 77,474 tonnes and revenue fell 29 per cent to $68m. Meanwhile, its cost of production was $US715 per tonne, while it received an average of $US700 per tonne from buyers. Liontown raised $363m from investors in August, while it spent $44m during the September quarter. The federal government's National Reconstruction Fund recently invested $50m in Liontown. (RMS)

News

Glencore walks away from taxpayer-funded clean energy pivot

Anglo-Swiss miner Glencore has advised that it will not proceed with a proposed renewable energy and battery hub at its Murrin Murrin nickel mine and refinery in Western Australia. Glencore had received a $35m grant from the federal government's Powering the Regions Fund to help finance the development of an 849-hectare renewables hub at Murrin Murrin, which currently operates its own gas-fired power station. A spokesman for Glencore says it decided to cancel the onsite hybrid renewable energy project due to a range of macroeconomic and cost factors. Glencore and the government have agreed to mutually terminate the grant. (RMS)

News

Markets

Australian Dollar: $0.6580 USD (up $0.0020 USD) Iron Ore: $106.40 USD (up $0.70 USD) Oil Price: $59.92 USD (down $1.64 USD) Gold: $3,953.97 USD (down $45.33 USD) Copper (CME): $5.1710 USD (up $0.0125 USD) Bitcoin: $112,972.09 USD (down 1.57%) Dow: 47,706.37 (up 161.78 points)

News

Oct 28

US expects China to shelve restrictions on rare earths

US Trade Representative Jamieson Greer says that staving off China's rare earth restrictions was one of the major objectives of the talks between the US and China during the ASEAN summit in Malaysia. A Chinese official has indicated that the two sides reached a preliminary consensus on a number of issues, including export controls on rare earths, shipping levies and fentanyl. US Treasury Secretary Scott Bessent in turn believes that China will delay its rare earth restrictions for 12 months, while it re-examines the policy. (RMS)

News

PM reassures Beijing over US minerals deal

Prime Minister Anthony Albanese has met with Chinese Premier Li Qiang on the sidelines of the ASEAN summit in Kuala Lumpur. Xi urged Australia to deepen its co-operation with China amid growing global instability and uncertainty, while Albanese said he is committed to maintaining a stable relationship with China. Albanese also contended that the $13bn critical minerals and rare earths deal with the US should not affect Australia's bilateral relationship with China. President Donald Trump is scheduled to meet with his Chinese counterpart Xi Jinping at the APEC summit in South Korea on Thursday, with hopes that they will be able to secure a trade deal. (RMS)

News

Trump's critical minerals advisor jets to Perth for talks with leaders after Albanese's deal

Anita Logiudice from the Chamber of Minerals & Energy of Western Australia says the state is "ground zero" for America's interest in critical minerals. She notes that WA accounts for half of Australia's critical minerals reserves, and it is the world's fourth biggest producer of rare earths. The importance of WA has been underlined by the Trump administration's decision to send its deputy assistant secretary for critical minerals and metals to Perth in the wake of the landmark critical minerals deal between Australia and the US. A state government spokesperson says Assistant Secretary Joshua Kroon will hold talks with mining industry executives on growing links and investment in WA's resources sector. (Roy Morgan Summary)

News

Australia's plan to challenge China's dominance in critical minerals and rare earths

About 90 per cent of all rare earths are refined in China, but the nation has a complete monopoly when it comes to heavy rare earths. Companies or countries that produce rare earths ship their raw material to China for processing, giving it almost complete control over marketing and pricing. The ABC's chief business correspondent Ian Verrender explains to The Business host, Kirsten Aiken, that to maintain its monopoly, China has never been afraid of using its market power. Verrender says it has alternatively flooded markets with material to make it uneconomic for others to establish rival industries, or denied access to refined product to others as punishment. Such overwhelming supply domination, and the pricing power that comes with it, has raised questions over whether governments should continue to allow market forces to determine the supply of materials vital for national security and development in an increasingly divided world. (Roy Morgan Summary)

News

Bowen told: electricity bills will jump

The unredacted version of the incoming government brief to Climate Change Minister Chris Bowen shows that his department had warned that there is likely to be a "further significant increase" in retail electricity prices during 2025-26. The Department of Climate Change, Energy, Environment & Water also advised that emissions reductions will need to accelerate rapidly for the federal government to achieve its 2030 climate targets, and that "full and timely" implementation of Bowen's first-term reforms will be essential. The brief was prepared by Bowen's department following the election in May, but it initially resisted requests to release the document in full. (RMS)

News

Mining billionaire's economic warning

Fortescue's founder and executive chairman Andrew Forrest says Australia has a "fantastic" future in manufacturing. Forrest adds that Australia can compete against the best of the world, but he contends that the nation must target areas where it is the best rather than simply trying to prop up "old industries". He also says Australia must avoid trying to compete with industrial powerhouses like China and the US in these industries. Meanwhile, Forrest says governments are underestimating Australians by propping up struggling or failing businesses such as the Mount Isa copper smelter in Queensland and the Port Pirie lead smelter in South Australia. (RMS)

News

ASX rises in broad rally; rare earths tumble

The Australian sharemarket posted a solid gain on Monday, with the S&P/ASX 200 adding 0.4 per cent to close at 9,055.6 points. Investor sentiment was boosted by growing expectations of further monetary policy easing in the US and hopes that the US and China will negotiate a trade deal. Life360 was up 4.7 per cent at $50.14, Woodside Energy rose 1.2 per cent to $24.69 and Qantas ended the session 3.4 per cent higher at $10.87. However, Arafura Rare Earths fell 9.6 per cent to $0.37 and Ramelius Resources was down 5.7 per cent at $3.30. (RMS)

News

Commodities boom boosts ASX profits by $4b

Analysts are upbeat about the earnings outlook for companies in the benchmark S&P/ASX 200 Index. The rise in commodity prices over the last two months have prompted analysts to forecast earnings growth of 7.1 per cent for top-200 stocks in 2025-26; this compares with forecasts of just 3.1 per cent at the end of the August reporting season. The resources sector is now forecast to post earnings growth of 11 per cent in the current financial year, compared with expectations in August that earnings would fall by one per cent. Analysts are also upbeat regarding some non-resources stocks, including the ANZ Bank, CSL and James Hardie Industries. (RMS)

News

Major Tomago investor writes off smelter in gloomy update

Norsk Hydro has written down the value of its 12.4 per cent stake in the Tomago aluminium smelter in NSW to zero. The Oslo-based company has progressively written down its stake over recent years, and it has warned that the smelter faces an uncertain future when AGL Energy's electricity supply contract ends in 2028; Norsk Hydro adds that it has been difficult to find an affordable renewable supply for Tomago. The smelter's biggest shareholder, Rio Tinto, has previously indicated that it will not continue to operate smelters in Australia beyond 2030 unless they can be converted to use clean energy. (RMS)

News

Going where the profit is

For most of the first 130 years of BHP's existence, the focus of successive CEOs was increasing and developing the company's resources base, rather than profits. With BHP recently celebrating its 140th anniversary, profits and returns on capital now take precedence. Likewise, during BHP's first 130 years Australia knew that its prosperity would depend on exports of agriculture and mining products, which would in turn require cheap energy and strong agricultural support. However, the nation now makes mining and agricultural development harder, and it has abandoned low-cost energy. Meanwhile, BHP's South Australian copper project has been pushed back to the 2030s, and the company will use its iron ore cash flows to develop copper mines in countries where returns and energy costs are competitive. (Roy Morgan Summary)

News

Antimony miner shoots down US takeover bid

Critical minerals producer Larvotto Resources has formally rejected a takeover offer from the United States Antimony Corporation. Larvotto's directors have concluded that the $723m all-scrip bid materially undervalues the company, which is set to resume production at the mothballed Hillgrove gold and antimony mine in NSW in 2026; Larvotto bought the mine from administrators in late 2023. Meanwhile, Northern Minerals has completed a $60.5m share placement to new investors; its Browns Range project in Western Australia includes heavy rare earths such as terbium and dysprosium. (RMS)

News

Long haul, but it's a win for MinRes

Mineral Resources has advised that 8.75 million tonnes of iron ore were transported via its 150km private haulage road between 1 August and 27 October. This lifted the Onslow Iron venture's annualised haulage rate to 35 million tonnes; this in turn triggered a $200m contingency payment from Morgan Stanley Infrastructure Partners, which acquired a 49 per cent stake in the private road in 2024. Mineral Resources' MD Chris Ellison says that achieving the haul-road's performance target so early in Onslow Iron's ramp-up phase demonstrates the quality of the company's people, partners and infrastructure. The private road has been the subject of safety concerns amid a number of truck rollovers and costly resurfacing work. (RMS)

News

Haoma Mining Shareholder Update

Haoma Mining NL Announcements

28 October 2025

(Roy Morgan Summary)

The 2025 Annual General Meeting of Haoma Mining NL will be held at 9.30am on 26 November at Tonic House, 386 Flinders Lane, Melbourne. A formal Notice of Meeting will be sent to all shareholders. Meanwhile, the Haoma Rare Earths Overview has brought together an overview of the company's Pilbara assets and their geological status; test-work undertaken over several years on those assets by BHP, Anglo America, SQM and Haoma; and their potential for Heavy Rare Earths as well as gold. Haoma's shareholder update also includes progress on Bamboo Creek Test-work from July to October 2025, including physical gold recovered from recent Elazac Process test-work conducted in Haoma's Bamboo Creek Laboratory. Haoma's Board in turn resolved on 22 October to allocate performance rights to a number of employees, consultants and contractors who are associated with Haoma. (RMS)

News

$US50m deal for development of Ravensthorpe gold project

Medallion Metals has advised that it has secured a deal for Trafigura to arrange and provide a $US50m ($77m) senior secured prepayment facility. Medallion says the debt financing facility will underpin the funding required for the development of its Ravensthorpe Gold Project in Western Australia, as well as the processing operations at the Forrestania nickel assets that it has agreed to buy from IGO. The deal with Trafigura also includes an offtake agreement for gold dore, copper and precious metal concentrate. (RMS)

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

Mining/Energy/Resources: Australia and World

October 2025

October 27, 2025

Monday Money: All That Glitters ...

(Australia to New York, Wall St)

Mining Stocks: (Near Live)

BHP Group Ltd $43.54 +0.30 +0.69%
Fortescue Ltd $20.79 +0.27 +1.32%
Rio Tinto $133.49 +1.67 +1.27%
Northern Star $24.07 +0.37 +1.56%
Evolution Mining Ltd $10.64 +0.14 +1.33%
Lynas Rare Earths Ltd $18.37 -0.45 -2.39%
Mineral Resources Ltd $44.93 -0.0100 -0.022%

Gold Price Today: 4,059.70 USD -51.50 (-1.25%)

Recent Trend: Gold has risen approximately 6.42% over the past month but is down 0.79% today.
Year-to-Date Performance: Up about 48.64% in 2025.

The Lead up ...

News Flashback (In Case You Missed It)

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

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

News

Albanese hits critical mass

News

The Victorian towns poised to benefit from critical minerals deal

News Flashback

News Lead Up

PM to meet White House mining gurus to help solve crisis

News

NuCoal to blight pitch on minerals

News

Gold Bulls have no choice but to push

News

Rinehart's rare earths shares top $3.5b as Trump needles China

News Flashback

PM has his work cut out striking rare earths deal with Trump

News

Minerals/Politics

Stockpile of critical metals urgent: miners

News

Australian/Asia Pacific News

Rio set to shutter Tomago smelter

News

Ellison loses key ally in MinRes board exodus

News

Rare earths market splits into light and medium-heavy segments

News

Rio, Japanese in Pilbara mine deal

News

Loophole use in $2.4b gold deal leads to reform calls

News

GoldMining Inc. launches 2025 exploration at São Jorge, Brazil

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

News

BHP salutes Japan 'trust'

News

MinRes appoints company secretary

News

Upstart glisters among surging gold miners

News

Lynas revisited: Can it reclaim its crown in rare earths?

News

MinRes scores legal win on port levies

News

Rare earth magnets have become the new battleground for global power

News

BHP Faces Chinese Iron Ore Ban Amid Pricing Dispute:

Rio Tinto Eyes Early Closure of Queensland's Largest Coal Power Station:

Alcoa Permanently Closes Kwinana Alumina Refinery:

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.

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

News

Argonaut tips gold to hit $US4500, lithium revival as supply tightens

News

News Flashback

Profile

Hancock Prospecting

Hancock Prospecting Pty Ltd is owned by Rinehart (76.6%) and the Hope Margaret Hancock Trust (23.4%).

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

Mining/Energy/Resources: Australia and World

October 2025

October 17, 2025

(New York, Wall St)

Mining Stocks: (Near Live)

BHP Group Ltd $43.60 -0.17 -0.39%
Fortescue Ltd $20.18 +0.37 +1.87%
Rio Tinto $130.88 +1.61 +1.25%
Northern Star $26.05 +0.59 +2.32%
Evolution Mining Ltd $11.67 +0.22 +1.92%
Lynas Rare Earths Ltd $19.24 -1.16 -5.69%
Mineral Resources Ltd $41.77 -0.72 -1.69%

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

Rare earths strategy

Prime Minister Anthony Albanese should tell President Donald Trump at their meeting next week that Australia can solve the western world's heavy rare earths crisis. He must also outline eight steps that will help to counter China's dominance of the heavy rare earths market, particularly terbium and dysprosium. Amongst other things, Haoma Mining's pilot plant for its Elazac process - which is currently extracting gold and platinum from Bamboo Creek tailings - should be expanded more rapidly; Elazac can also extract terbium and dysprosium concentrate, which can then be shipped to Iluka Resources' Eneabba plant or the US for refining. Haoma also has a major area of prospective heavy rare earth ore in the Bamboo Creek Valley; analysis of bulk samples suggests that these terbium grades are much higher than other Australian mines. (RMS)

News

Rinehart's rare earths shares top $3.5b as Trump needles China

News

PM has his work cut out striking rare earths deal with Trump

News

'Lethal warming' from Woodside gas mega-project

A study published in Nature journal Climate Action claims the emissions caused by Woodside Energy's Scarborough gas project will increase global warming to the extent that it will cause an additional 484 heat-related deaths in Europe. The study was partly financed by the Minderoo Foundation, a philanthropic foundation established by Andrew Forrest, who has a long history of criticising Woodside and its CEO Meg O'Neill. Located off the coast of Western Australia, the $19.5 billion Scarborough project is due to begin exporting LNG late next year. (RMS)

News

Minerals/Politics

Stockpile of critical metals urgent: miners

News

Australian/Asia Pacific News

Rio set to shutter Tomago smelter

News

Ellison loses key ally in MinRes board exodus

News

Forrests sell out of magnet maker as China ups rare earths heat

Wyloo Metals has sold its near 19.9 per cent stake in Neo Performance Materials, with Wyloo being the Forrest family's private mining company. With Neo being one of the few Western companies using rare earths to produce permanent magnets, Wyloo sought to take advantage in a jump in its share price that has resulted from the trade spat between China and the US over the supply of rare earths and permanent magnets, with Wyloo selling its stake in Neo for total proceeds of around $182 million. (RMS)

News

Rare earths market splits into light and medium-heavy segments

News

Rio, Japanese in Pilbara mine deal

News

Loophole use in $2.4b gold deal leads to reform calls

News

Gold Mining News

Gold prices continue their record-breaking rally, hitting a new high of $3,949.71 per ounce amid central bank buying, geopolitical tensions, and expectations of further U.S. interest rate cuts. This surge is boosting the sector, with miners' stocks outperforming AI-driven chip rallies—gold equities up 135% year-to-date, led by heavyweights like Newmont and Agnico Eagle, whose shares have more than doubled. However, analysts warn of a potential production "cliff" after 2025, with global output peaking at ~3,250 tonnes (105 million oz.) next year before a decline due to dwindling reserves and limited new projects.

News

GoldMining Inc. launches 2025 exploration at São Jorge, Brazil

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

News

BHP salutes Japan 'trust'

News

MinRes appoints company secretary

News

Upstart glisters among surging gold miners

News

Lynas revisited: Can it reclaim its crown in rare earths?

News

MinRes scores legal win on port levies

News

Rare earth magnets have become the new battleground for global power

News

BHP Faces Chinese Iron Ore Ban Amid Pricing Dispute:

Rio Tinto Eyes Early Closure of Queensland's Largest Coal Power Station:

Alcoa Permanently Closes Kwinana Alumina Refinery:

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.

Gold Sector Booms on Bullish Forecasts:

ASX gold stocks rallied after UBS and Citi hiked 2026 price targets to US$3,800–$3,825/oz.

Westgold Resources reported a 24% resource increase to 16.3 million ounces in WA.

Genesis Minerals surged 13%, Northern Star 8%, and Evolution Mining 6%.

Critical Minerals Momentum Builds:

Liontown Resources achieved break-even cash flow in its first lithium production year despite low prices.

Mineral Resources (MinRes) acquired assets from Resource Development Group and is refinancing US$700M in debt.

Impact Minerals partnered with Kuniko on a NSW gold-silver-copper project;

Cloudbreak Discovery optioned the Paterson project near Telfer mine.

Northern Minerals' Browns Range rare earths study forecasts an 11-year life at A$592M capex, targeting premiums over Chinese supply.

Fortescue's Green Energy Push:

Andrew Forrest's firm acquired Spanish wind tech company Nabrawind to advance decarbonization. However, a new report doubts full electric haulage by 2030, with diesel emissions persisting until 2035. Joint CEOs could earn up to A$7.5M each in 2025–26 via performance rights.

Santos Takeover Bid Collapses:

A US$36.4B offer from an ADNOC-led consortium failed due to due diligence issues and FIRB hurdles, potentially pushing Santos toward a demerger or merger with Woodside.

Geopolitical Flashpoint:

Trump Stake Proposal Draws Backlash:

Discussions of granting U.S. President Donald Trump stakes in Australian critical minerals firms have sparked outrage, with critics calling it a "disaster" and potentially illegal under foreign investment rules.

Upcoming 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.

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

News

Argonaut tips gold to hit $US4500, lithium revival as supply tightens

News

News Flashback

Profile

Hancock Prospecting

Hancock Prospecting Pty Ltd is owned by Rinehart (76.6%) and the Hope Margaret Hancock Trust (23.4%).

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

Mining/Energy/Resources: Australia and World

October 2025

October 8, 2025
(New York, Wall St)

Mining Stocks: (Near Live)

BHP Group Ltd $41.89 -0.070 -0.17%
Fortescue Ltd $19.20 -0.050 -0.26%
Rio Tinto $125.29 +1.11 +0.89%
Northern Star $24.73 -0.060 -0.24%
Evolution Mining Ltd $11.28 +0.030 +0.27%
Lynas Rare Earths Ltd $19.55 +0.28 +1.45%
Mineral Resources Ltd $43.63 +1.33 +3.14%

Gold Price: $4,006.68 and set to rise further!

Bonus:

Elders $7.33 -0.070 -0.95%

Markets

Australian Dollar: $0.6580 USD (down $0.0040 USD)
Iron Ore: $104.10 USD (up $0.35 USD)
Oil Price: $62.04 USD (up $0.24 USD)
Gold: $3,981.26 USD + + + (up $20.48 USD).. and rising!
Copper: $5.0920 USD (up $0.0430 USD)
Bitcoin: $122,184.81 USD (down 2.35%)
Dow Jones: 46,602.98 (down 91.99 point)

News

Rio, Japanese in Pilbara mine deal

News

Iron ore told to clean up its act

BHP is seeking approval for the second major extension of its Jimblebar iron ore hub since it opened in 1989. However, Western Australia's Environmental Protection Authority has stated in its assessment of the expansion plans at Jimblebar that BHP and its Pilbara rivals Fortescue and Rio Tinto will find it more difficult to gain approval for future projects if they fail to prove that they can rehabilitate land and waterways after mining has ended. The EPA noted that there is "limited evidence" that big mining companies have successfully rehabilitated any such areas after six decades of mining in the Pilbara. (RMS)

News

Loophole use in $2.4b gold deal leads to reform calls

News

Gold Mining News

News

GoldMining Inc. launches 2025 exploration at São Jorge, Brazil

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

News

BHP salutes Japan 'trust'

News

MinRes appoints company secretary

News

Upstart glisters among surging gold miners

News

Lynas revisited: Can it reclaim its crown in rare earths?

News

October 2025

News Lead Up

October 3

Mining Stocks

BHP Group Ltd $42.12 +0.18 +0.43%
Fortescue Ltd $19.33 +0.13 +0.70%
Rio Tinto $124.88 +0.83 +0.67%
Northern Star $24.41 -0.42 -1.69%
Evolution Mining Ltd $10.98 -0.18 -1.57%
Lynas Rare Earths Ltd $18.02 +0.50 +2.88%

Gold Price: $3,856.37 USD (down $9.29 USD)

News

Australia close to minerals carve-out

President Donald Trump signed an executive order in April which could allow the US to impose tariffs and other trade restrictions on imports of processed critical minerals. The federal government and executives of some Australian producers of critical minerals are increasingly optimistic that Trump will agree to exempt the nation from a tariff on such minerals. Arafura Rare Earths CEO Darryl Cuzzubbo says it is clear that the US wants multiple sources of rare earths and "they want them now". Details of the critical minerals tariff are expected to be announced later in October, around the time when Prime Minister Anthony Albanese is scheduled to meet Trump at the White House. (RMS)

Biz

News: Australia

Optus rings up no tax as miners and banks support the budget

The Australian Taxation Office's latest corporate tax report shows that the nation's largest private and public companies had combined income of $3.3trn in 2023-24. Tax receipts of $95.7bn were slightly lower than the record high of the previous financial year. The mining and energy sector accounted for $48.7bn of the tax take; Rio Tinto topped the list of corporate taxpayers, contributing $6.3bn to government coffers from total income of $52.8bn. Meanwhile, 28 per cent of large companies did not pay any tax in 2023-24; they include Optus, Netflix, JBS and Tabcorp. (RMS)

News

BHP keeps shipping despite China deadlock

BHP has declined to comment on reports that China has imposed a ban on its iron ore shipments from the Pilbara, citing commercial confidentiality. The fact that BHP has not released an ASX announcement on the issue suggests that the resources giant is not unduly concerned, given that listing rules require it to disclose anything that could have a material impact on its shares. Meanwhile, data from marine tracking websites show that bulk carriers loaded with BHP's iron ore and bound for China have continued to leave Port Hedland since reports of the ban emerged on Tuesday. (RMS)

News

New owner should 'sweat' mothballed BHP assets: opposition

Glencore is said to be among the potential buyers of BHP's nickel assets in Western Australia, while Wyloo Metals is believed to have expressed interest in some of them. Glencore currently owns one of the two nickel mines in WA that are still operating; Wyloo in turn suspended production at its nickel mines near Kambalda in 2024, in response to the downturn in the nickel price that prompted BHP to put its Nickel West mines, smelter and refinery in 'care and maintenance' mode. The federal Coalition contends that selling the assets may be the 'next best option' for BHP, and shadow resources minister Susan McDonald says a potential new owner should be encouraged to make better use of the Nickel West infrastructure. (RMS)

News

MinRes scores legal win on port levies

News

Rare earth magnets have become the new battleground for global power

Newsfeed

October 2

Mining Stocks

BHP Group Ltd $41.47 -1.06 -2.49%
Fortescue Ltd $18.94 +0.26 +1.39%
Rio Tinto $122.58 +0.55 +0.45%

News

BHP Faces Chinese Iron Ore Ban Amid Pricing Dispute:

Rio Tinto Eyes Early Closure of Queensland's Largest Coal Power Station:

Alcoa Permanently Closes Kwinana Alumina Refinery:

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.

Gold Sector Booms on Bullish Forecasts:

ASX gold stocks rallied after UBS and Citi hiked 2026 price targets to US$3,800–$3,825/oz.

Westgold Resources reported a 24% resource increase to 16.3 million ounces in WA.

Genesis Minerals surged 13%, Northern Star 8%, and Evolution Mining 6%.

Critical Minerals Momentum Builds:

Liontown Resources achieved break-even cash flow in its first lithium production year despite low prices.

Mineral Resources (MinRes) acquired assets from Resource Development Group and is refinancing US$700M in debt.

Impact Minerals partnered with Kuniko on a NSW gold-silver-copper project;

Cloudbreak Discovery optioned the Paterson project near Telfer mine.

Northern Minerals' Browns Range rare earths study forecasts an 11-year life at A$592M capex, targeting premiums over Chinese supply.

Fortescue's Green Energy Push:

Santos Takeover Bid Collapses:

A US$36.4B offer from an ADNOC-led consortium failed due to due diligence issues and FIRB hurdles, potentially pushing Santos toward a demerger or merger with Woodside.

Geopolitical Flashpoint:

Trump Stake Proposal Draws Backlash:

Upcoming 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.

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.

October 1

BHP stays silent on China's iron ore ban

State-run iron ore trader China Mineral Resources Group is said to have imposed a temporary ban on BHP's shipments of the steel input due to an ongoing dispute over the renewal of long-term supply contracts. The dispute began in mid-September, when CMRG instructed steel mills not to accept delivery of a BHP product known as Jimblebar blend fines or to buy such shipments on the spot market; the ban has now been extended to all BHP iron ore shipments, according to Bloomberg. CMRG was established in 2022 to improve China's ability to negotiate with iron ore miners, and it now represents more than half of China's steelmakers in contract discussions. BHP has declined to comment on the import ban. (RMS)

News

Trump seeks equity stakes in critical mineral producers

News

Argonaut tips gold to hit $US4500, lithium revival as supply tightens

News

Gold rush to the exit at two top miners

Newmont Corporation has advised that president and chief operating officer Natascha Viljoen will succeed CEO Tom Palmer at the end of 2025. Palmer will become a strategic adviser to Newmont before retiring in March 2026. he says it is time to step down after nearly 40 years in the mining industry, including 12 at Newmont; Palmer has been the gold miner's CEO since 2019. Meanwhile, Mark Bristow has resigned as CEO of rival Barrick Gold; Mark Hill has been appointed as interim president and CEO while the company recruits a permanent successor. (RMS)

News

Beetaloo gas to hit market in 2026 with NT pilot project

Tamboran Resources has advised that it will undertake a five-well pilot program at its Beetaloo Basin gas project in the Northern Territory. Tamboran has secured a $179.8m project finance facility from Alpha Wave Global and Macquarie Group, with the NT government to underwrite $75m of this loan. The government has also agreed to buy 40 terajoules of gas per day from the pilot program from mid-2026; gas from the Beetaloo Basin could also eventually be shipped to the eastern states to address looming supply concerns.

Development of the Beetaloo Basin has been opposed by environmentalists and some traditional owners, due to the need to extract gas via fracking. (RMS)

News

News Flashback

Profile Snapshot:

Hancock Prospecting

Hancock Prospecting Pty Ltd is owned by Rinehart (76.6%) and the Hope Margaret Hancock Trust (23.4%).

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 Of The Day

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

Mining/Energy/Resources: Australia and World

October 7
(New York, Wall St)

Mining Stocks: (Near Live)

BHP Group Ltd $42.00 +0.095 +0.23%
Fortescue Ltd $19.20 -0.27 -1.39%
Rio Tinto $124.65 +1.07 +0.87%
Northern Star $24.63 -0.14 -0.57%
Evolution Mining Ltd $11.19 -0.075 -0.67%
Lynas Rare Earths Ltd $19.32 -0.040 - 0.21%
Mineral Resources Ltd $41.92 +0.96 +2.34%

Gold Price: $3,960.78 USD (up $73.98 USD)

Bonus:

Elders $7.34 -0.040 -0.54%

Markets

Australian Dollar: $0.6620 USD (up $0.0040 USD) Iron Ore Price (SGX): $103.75 USD (down $0.25 USD) Oil: $61.80 USD (up $0.92 USD) Gold: $3,960.78 USD (up $73.98 USD) Copper: $5.0490 USD (down 0.360 USD) Bitcoin: $125,164.50 USD (up 1.99% in last 24hrs) Dow: 46,694.97 at 4.20pm NY time (down 63.31 points)

News

Gold Mining News

News

GoldMining Inc. launches 2025 exploration at São Jorge, Brazil

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

News

BHP salutes Japan 'trust'

News

MinRes appoints company secretary

News

Upstart glisters among surging gold miners

News

Lynas revisited: Can it reclaim its crown in rare earths?

News

October 2025

News Lead Up

October 3

Mining Stocks

Gold Price: $3,856.37 USD (down $9.29 USD)

News

Australia close to minerals carve-out

Biz

News: Australia

Optus rings up no tax as miners and banks support the budget

News

BHP keeps shipping despite China deadlock

News

New owner should 'sweat' mothballed BHP assets: opposition

News

MinRes scores legal win on port levies

News

Rare earth magnets have become the new battleground for global power

Newsfeed

October 2

Mining Stocks

BHP Group Ltd $41.47 -1.06 -2.49%
Fortescue Ltd $18.94 +0.26 +1.39%
Rio Tinto $122.58 +0.55 +0.45%

News

BHP Faces Chinese Iron Ore Ban Amid Pricing Dispute:

Rio Tinto Eyes Early Closure of Queensland's Largest Coal Power Station:

Alcoa Permanently Closes Kwinana Alumina Refinery:

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.

Gold Sector Booms on Bullish Forecasts:

ASX gold stocks rallied after UBS and Citi hiked 2026 price targets to US$3,800–$3,825/oz.

Westgold Resources reported a 24% resource increase to 16.3 million ounces in WA.

Genesis Minerals surged 13%, Northern Star 8%, and Evolution Mining 6%.

Critical Minerals Momentum Builds:

Liontown Resources achieved break-even cash flow in its first lithium production year despite low prices.

Mineral Resources (MinRes) acquired assets from Resource Development Group and is refinancing US$700M in debt.

Impact Minerals partnered with Kuniko on a NSW gold-silver-copper project;

Cloudbreak Discovery optioned the Paterson project near Telfer mine.

Northern Minerals' Browns Range rare earths study forecasts an 11-year life at A$592M capex, targeting premiums over Chinese supply.

Fortescue's Green Energy Push:

Santos Takeover Bid Collapses:

A US$36.4B offer from an ADNOC-led consortium failed due to due diligence issues and FIRB hurdles, potentially pushing Santos toward a demerger or merger with Woodside.

Geopolitical Flashpoint:

Trump Stake Proposal Draws Backlash:

Upcoming 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.

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.

October 1

BHP stays silent on China's iron ore ban

News

Trump seeks equity stakes in critical mineral producers

News

Argonaut tips gold to hit $US4500, lithium revival as supply tightens

News

Gold rush to the exit at two top miners

News

Beetaloo gas to hit market in 2026 with NT pilot project

Development of the Beetaloo Basin has been opposed by environmentalists and some traditional owners, due to the need to extract gas via fracking. (RMS)

News

News Flashback

Profile Snapshot:

Hancock Prospecting

Hancock Prospecting Pty Ltd is owned by Rinehart (76.6%) and the Hope Margaret Hancock Trust (23.4%).

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 Of The Day

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

Mining/Energy/Resources: Australia and World

October 2025

October 3

Mining Stocks

Gold Price: $3,856.37 USD (down $9.29 USD)

News

Australia close to minerals carve-out

Biz

News: Australia

Optus rings up no tax as miners and banks support the budget

News

BHP keeps shipping despite China deadlock

News

New owner should 'sweat' mothballed BHP assets: opposition

News

MinRes scores legal win on port levies

News

Rare earth magnets have become the new battleground for global power

Newsfeed

October 2

Mining Stocks

BHP Group Ltd $41.47 -1.06 -2.49%
Fortescue Ltd $18.94 +0.26 +1.39%
Rio Tinto $122.58 +0.55 +0.45%

News

BHP Faces Chinese Iron Ore Ban Amid Pricing Dispute:

Rio Tinto Eyes Early Closure of Queensland's Largest Coal Power Station:

Alcoa Permanently Closes Kwinana Alumina Refinery:

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.

Gold Sector Booms on Bullish Forecasts:

ASX gold stocks rallied after UBS and Citi hiked 2026 price targets to US$3,800–$3,825/oz.

Westgold Resources reported a 24% resource increase to 16.3 million ounces in WA.

Genesis Minerals surged 13%, Northern Star 8%, and Evolution Mining 6%.

Critical Minerals Momentum Builds:

Liontown Resources achieved break-even cash flow in its first lithium production year despite low prices.

Mineral Resources (MinRes) acquired assets from Resource Development Group and is refinancing US$700M in debt.

Impact Minerals partnered with Kuniko on a NSW gold-silver-copper project;

Cloudbreak Discovery optioned the Paterson project near Telfer mine.

Northern Minerals' Browns Range rare earths study forecasts an 11-year life at A$592M capex, targeting premiums over Chinese supply.

Fortescue's Green Energy Push:

Santos Takeover Bid Collapses:

A US$36.4B offer from an ADNOC-led consortium failed due to due diligence issues and FIRB hurdles, potentially pushing Santos toward a demerger or merger with Woodside.

Geopolitical Flashpoint:

Trump Stake Proposal Draws Backlash:

Upcoming 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.

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.

October 1

BHP stays silent on China's iron ore ban

News

Trump seeks equity stakes in critical mineral producers

News

Argonaut tips gold to hit $US4500, lithium revival as supply tightens

News

Gold rush to the exit at two top miners

News

Beetaloo gas to hit market in 2026 with NT pilot project

Development of the Beetaloo Basin has been opposed by environmentalists and some traditional owners, due to the need to extract gas via fracking. (RMS)

News

News Flashback

Profile Snapshot:

Hancock Prospecting

Hancock Prospecting Pty Ltd is owned by Rinehart (76.6%) and the Hope Margaret Hancock Trust (23.4%).

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 Of The Day

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."

Mining/Energy/Resources: Australia and World

October 2025

October 2

Mining Stocks

BHP Group Ltd $41.47 -1.06 -2.49%
Fortescue Ltd $18.94 +0.26 +1.39%
Rio Tinto $122.58 +0.55 +0.45%

News

BHP Faces Chinese Iron Ore Ban Amid Pricing Dispute:

Rio Tinto Eyes Early Closure of Queensland's Largest Coal Power Station:

Alcoa Permanently Closes Kwinana Alumina Refinery:

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.

Gold Sector Booms on Bullish Forecasts:

ASX gold stocks rallied after UBS and Citi hiked 2026 price targets to US$3,800–$3,825/oz.

Westgold Resources reported a 24% resource increase to 16.3 million ounces in WA.

Genesis Minerals surged 13%, Northern Star 8%, and Evolution Mining 6%.

Critical Minerals Momentum Builds:

Liontown Resources achieved break-even cash flow in its first lithium production year despite low prices.
Mineral Resources (MinRes) acquired assets from Resource Development Group and is refinancing US$700M in debt.
Impact Minerals partnered with Kuniko on a NSW gold-silver-copper project; Cloudbreak Discovery optioned the Paterson project near Telfer mine. Northern Minerals' Browns Range rare earths study forecasts an 11-year life at A$592M capex, targeting premiums over Chinese supply.

Fortescue's Green Energy Push:

Santos Takeover Bid Collapses:

A US$36.4B offer from an ADNOC-led consortium failed due to due diligence issues and FIRB hurdles, potentially pushing Santos toward a demerger or merger with Woodside.

Geopolitical Flashpoint:

Trump Stake Proposal Draws Backlash:

Upcoming 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.

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.

October 1

BHP stays silent on China's iron ore ban

News

Trump seeks equity stakes in critical mineral producers

News

Argonaut tips gold to hit $US4500, lithium revival as supply tightens

News

Gold rush to the exit at two top miners

News

Beetaloo gas to hit market in 2026 with NT pilot project
Tamboran Resources has advised that it will undertake a five-well pilot program at its Beetaloo Basin gas project in the Northern Territory. Tamboran has secured a $179.8m project finance facility from Alpha Wave Global and Macquarie Group, with the NT government to underwrite $75m of this loan. The government has also agreed to buy 40 terajoules of gas per day from the pilot program from mid-2026; gas from the Beetaloo Basin could also eventually be shipped to the eastern states to address looming supply concerns. Development of the Beetaloo Basin has been opposed by environmentalists and some traditional owners, due to the need to extract gas via fracking. (RMS)

News

News Flashback

Profile Snapshot:

Hancock Prospecting

Hancock Prospecting Pty Ltd is owned by Rinehart (76.6%) and the Hope Margaret Hancock Trust (23.4%).

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 Of The Day

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."

Mining/Energy/Resources: Australia and World

September 2025

News

September 30, 2025

Mining Stocks: (Near Live)

BHP Group Ltd $41.91 -0.31 -0.73%
Fortescue Ltd $18.73 -0.40 -2.09%
Rio Tinto $121.25 -1.95 -1.58%

News

Australian Mining News

Australia's mining sector continues to navigate a mix of challenges and opportunities in September 2025, with coal operations facing job cuts and royalty pressures, while critical minerals and gold projects show promise amid rising global demand.

Iron ore and lithium markets remain volatile, influenced by Chinese demand and energy transition goals.

BHP Closes Queensland Coal Mine Amid Royalty Backlash:

BHP announced the closure of its Saraji South coal mine in the Bowen Basin, putting 750 jobs at risk. The decision stems from falling coal prices and what BHP calls an unsustainable tax and royalty burden—eight times higher than profits in 2024.

CEO Mike Henry criticized Queensland's regime as a "crisis point" for the industry, prompting urgent talks with Premier David Crisafulli.

Anglo American followed with undisclosed job cuts at its Brisbane office and Grosvenor mine, potentially adding over 1,000 redundancies in the region. Treasurer David Janetzki ruled out royalty changes but hinted at relief via faster approvals and fee reductions.

Fortescue Acquires Spanish Wind Tech Firm: Mining billionaire Andrew "Twiggy" Forrest's Fortescue completed its purchase of Nabrawind, a self-lifting wind tower engineering company, to bolster its green energy pivot. This aligns with Fortescue's decarbonization goals, though a new Climate Change Authority report questions the feasibility of fully electric haulage trucks by 2030, estimating diesel still dominates emissions (14% of sector total) until 2035.

Gold Miners Rally on Bullish Forecasts: ASX gold stocks surged after UBS and Citi raised 2026 price targets to US$3,825–$3,800/oz (around A$6,000/oz). Genesis Minerals jumped 13%, Northern Star 8%, and Evolution Mining 6%. Westgold Resources reported a 24% resource increase to 16.3 million ounces in Western Australia.

Critical Minerals Deals and Funding:

Liontown Resources achieved break-even cash flow in its first lithium production year despite low prices. Mineral Resources (MinRes) signed a binding deal to acquire assets from Resource Development Group and is negotiating a US$700 million debt refinance to extend maturities into the next decade.

Impact Minerals farmed out a gold-silver-copper project in NSW to Kuniko Limited, while Cloudbreak Discovery optioned the Paterson gold-copper-molybdenum project near Greatland Gold's Telfer mine.

Northern Minerals' Browns Range rare earths feasibility study projects an 11-year mine life at A$592 million capex, targeting premiums over Chinese supply (up to US$138/kg for key elements like neodymium).

Santos Takeover Collapses: A US$36.4 billion bid for Santos by an ADNOC-led consortium fell through just before the deadline, citing due diligence issues and a tough letter from Santos demanding FIRB approval upfront. Analysts speculate this could pressure Santos toward a demerger or merger with peers like Woodside.

Other Notable Updates:

Auric Mining wrapped up its Jeffreys Find gold project, netting A$14.5 million in profits.
Brightstar Resources gained approvals for its Lord Byron open-pit gold mine near Laverton, WA, with development slated for 2026.
Ghana's Lands Minister pitched investment opportunities at an Australian mining conference, highlighting global ties.
Unions pushed BHP for a new enterprise agreement covering 400+ Port Hedland workers, amid broader retrenchments.

News

Two top Fortescue executives in quest for $7.5m pay

A resolution to issue 342,254 performance rights shares to each of Fortescue's joint CEOs will be put to investors at its AGM in October. Dino Otranto heads the group's mining arm, while Agustin Pichot is in charge of its growth and energy assets. Their fixed remuneration packages will be $2.08m in 2025-26, but the performance rights could potentially boost their earnings for the financial year to around $7.5m apiece. The number of shares they will ultimately receive will be based on performance targets that are set by Fortescue's board. (RMS)

News

MinRes completes $230 million upgrade of trouble-plagued Pilbara iron ore haul road

Mineral Resources' Onslow Iron project shipped 3.2 million tonnes of iron ore in August, and the company says it remains on track to reach annual nameplate capacity of 35 million tonnes. MD Chris Ellison says Onslow Iron is a "cash generative, low-cost asset" that continued to perform strongly during a now-completed upgrade of the 150-kilometre private road that is used to transport ore from the Ken's Bore mine to the port at Ashburton. There have been seven road train accidents on the private road since it opened in October 2024, prompting a $230m repair program and a Worksafe investigation. (RMS)

News

Canberra to shake up gas export rules

Sources have indicated that the federal government may require LNG producers to supply a certain amount of gas to the domestic market before they receive approval to supply overseas buyers. The proposed model is said to be one of the preferred options by the government, and industry insiders have indicated that they expect Labor to make a formal announcement on it before the end of 2025. The scheme would benefit the Australia Pacific LNG and Queensland Curtis LNG ventures, which both produce more gas than their ship overseas. In contrast, the Santos-backed Gladstone LNG project currently purchases gas from third parties to fulfill its export contracts. (RMS)

News

September 30

Markets

Australian Dollar: $0.6576 USD (up $0.0028 USD) Iron Ore: $103.25 USD (down $0.40 USD) Oil: $63.13 USD (down $2.59 USD) Gold: $3,833.89 USD (up $74.03 USD) Copper: $4.9045 USD (up 0.1400 USD) Bitcoin: $114,376.31 USD (up 3.16%) Dow Jones: 46,316.07 (up 68.78 points)

News

News Flashback

Profile Snapshot:

Hancock Prospecting

Hancock Prospecting Pty Ltd is owned by Rinehart (76.6%) and the Hope Margaret Hancock Trust (23.4%).

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 Of The Day

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."

Business/Markets/Comms/Mining/Energy: Australia and World

News

September 2026

Sydney, Australia

Markets

Sept 26

Australian Dollar: $0.6540 USD (down $0.0040 USD)
Iron Ore: $105.95 USD (down $0.20 USD)
Oil (WTI): $65.22 USD (up $0.41 USD)
Gold: $3,749.38 USD (up $13.29 USD)
Copper: $4.7885 USD (down 0.0390 USD)
Bitcoin: $109,185.00 USD (down 3.88%)
Dow Jones: 45,947.32

News

Bitcoin: (Near Live)
$109,713.74 -0.05%

News

Mining Stocks: (Near Live)
New York

Sept 26

BHP Group $42.22 +0.55 +1.32%
Rio Tinto Ltd $123.20 +1.43 +1.17%
Fortescue Ltd $19.13 -0.010 -0.052%

News

Mining/Energy

Liontown eyes rebound after loss triples

Liontown Resources has booked a 2024-25 post-tax of $193m, following a loss of $65m for the previous financial year. The lithium producer last made a profit in 2022, when the price of the battery metal was near its peak. CEO Tony Ottaviano says a statutory loss was to be expected during a commissioning year, and stresses that Liontown's underlying performance was positive and cash neutral. Production of spodumene concentrate commenced at the company's Kathleen Valley mine during 2024-25; the federal government's National Reconstruction Fund recently invested $50m in Liontown via the company's capital raising. (RMS)

News

Rare earths: The 'picks and shovels' powering a $20 trillion AI gold rush

The development of humanoid robots is likely to be the next phase of the artificial intelligence boom. This will in turn result in rising demand for rare earth elements such as neodymium, praseodymium, dysprosium and terbium. These rare earths are used to make the magnets that are critical to the multitude of electric motors in the humanoid robots that may eventually replace or complement jobs in a range of sectors. US companies such as MP Materials are set to benefit from the growing demand for rare earth magnets; the Pentagon recently announced a $US400m investment in MP Materials, whose Mountain Pass mine in California is currently the only active rare earths project in North America. (RMS)

'North West Shelf rules risk Browse'

A 60 per cent reduction in the North West Shelf LNG project's emissions by 2030 was a key condition for the federal government's approval for a 45-year extension of its operating life. However, analysts suggest that Woodside Energy may need to decommission another two of the project's five LNG production trains in order to comply with this requirement. The three oldest production trains were built in the 1980s, and one of them was recently decommissioned. Macquarie Research analysts also believe that the emission requirements will make the Browse LNG project less likely to proceed. (RMS)

News

'Sue me': Forrest says Trump is telling lies about climate change

Fortescue's founder Andrew Forrest has responded to US President Donald Trump's comments on climate change in his controversial United Nations General Assembly speech. Amongst other things, Trump claimed that climate change is a 'con job' and that investing in renewable energy is destroying Western nations. Forrest has told a climate conference in New York that the Trump administration is propagating the myth that global warming is not happening. Forrest also said he is prepared to put Trump in a court witness box when he leaves office if the President pursues legal action against him. (RMS)

News

Australia takes AI risks as big tech scoops rewards

The University Technology Sydney's Human Technology Institute has released a report which urges the federal government to take a proactive approach to regulating artificial intelligence technology. The head of the HTI, Ed Santow, contends that regulation must ensure that Australia gains the economic benefits of AI, rather than large technology companies that are based overseas. Andrew Charlton, the assistant minister for the digital economy, will shortly begin a consultation process for Australia's national AI capability. (RMS)

News

Miners buoy ASX amid a broader sell-off

The Australian sharemarket posted a small gain on Thursday, with the S&P/ASX 200 adding 0.1 per cent to close at 8,773 points. BHP rose 3.6 per cent to $41.67, Capstone Copper advanced 10.8 per cent to $12.47 and Woodside Energy was up 2.5 per cent at $23.45. However, Northern Star Resources was down two per cent at $22.66, Fisher & Paykel shed five per cent to end the session at $31.87 and Myer Holdings fell 3.2 per cent to $0.46. (RMS)

News

Race against time for machines to keep power 'heartbeat' on

Global Power Energy's CEO Greg Elkin has warned that the operating life of the Eraring coal-fired power station may need to be extended again. Eraring had originally been slated to close this year, but Origin Energy struck a deal with the NSW government in 2024 to keep the plant operational for an additional two years. However, Elkins warns that Transgrid may not receive the first synchronous condensers (syncons) before Eraring's revised closure date of August 2027. These machines provide stability to the electricity grid, and they will be essential as coal-fired stations are shut down. However, it typically takes 2-3 years for a syncon to be delivered. (Roy Morgan Summary)

News

News Flashback

Profile Snapshot:

Hancock Prospecting

Hancock Prospecting Pty Ltd is owned by Rinehart (76.6%) and the Hope Margaret Hancock Trust (23.4%).

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

News

Best Quotes Of The Day

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."

Mining/Energy/Resources/Markets: Australia and World

September 2025

Sept 23

BHP Group $40.61 +0.58 +1.45%
Rio Tinto Ltd $119.66 +2.74 +2.34%
Fortescue Ltd $19.39 +0.080 +0.41%

News

MinRes' US debt deal a critical confidence test

Mineral Resources is looking to replace $US700 million ($1062 million) in high-yield bonds that are due to mature in early 2027, and is hoping to do so by the end of this week. It is aiming to replace them with bonds that will take MinRes into the next decade, while it is expected its new bonds will be slightly cheaper than its current ones. The debt replacement deal is seen as a test of confidence in new chairman Malcolm Bundey, while MinRes' long-term challenge revolves around improving its balance sheet. (RMS)

News

Gold miners surge amid gaming-changing forecast

Shares in Australian gold miners surged on Monday after Wall Street banks Citi and UBS released their latest predictions for the precious metal. With UBS upgrading its 2026 gold price forecast to $US3,825 per ounce or around $A6,000 per ounce, and Citi announcing a near-term target of $US3,800 per ounce, Genesis Minerals rose by 13 percent, while Northern Star was up eight per cent. Evolution Mining climbed by six per cent, while Newmont was up five per cent. (RMS)

News

'Stiffed' mine investors try to put heat on Albanese

Investors in NuCoal Resources hope to draw their plight to the attention of President Donald Trump with a mobile billboard campaign in New York and Washington DC. The campaign has been timed to coincide with Prime Minister Anthony Albanese's official visit to the US. The former NSW government had cancelled NuCoal's licence for the Doyles Creek coal mine in 2014, following a ruling that corruption had been involved in the awarding of the licence to the mine's previous owner. NuCoal chairman Gordon Galt says the federal government should force NSW to compensate the company's investors as part of negotiations with the US for an exemption from the Trump administration's tariffs regime. (RMS)

News

Coal royalties out as state tries to aid miners

Queensland's Treasurer David Janetzki has ruled out any changes to the state's controversial coal royalty regime, He says the state government is providing certainty for the coal industry with faster decisions, streamlined approvals and a stable royalty regime, in line with its pre-election commitment. However, the government is widely tipped to provide the state's coal mining sector with some form of financial relief amid an ongoing downturn in coal prices. BHP, Anglo American and QCoal recently announced job cuts at their Queensland coal mines. (RMS)

Sept 22

Mining Stocks

BHP Group $40.11 +0.47 +1.19%
Rio Tinto Ltd $116.79 +2.79 +2.45%
Fortescue Ltd $19.32 +0.60 +3.21%

News

Markets

Australian Dollar: $0.6586 USD (down $0.0025 USD) Iron Ore: $106.60 USD (up $1.00 USD) Oil: $62.68 USD (down $0.96 USD) Gold: $3,685.78 USD (up $41.42 USD) Copper: $4.6305 USD (up 0.0305 USD) Bitcoin: $115,367.59 USD (down 0.39%) Dow Jones: 46,315.27 (up 172.85 points)

News

Jobs in the balance as PM snubs Glencore amid copper crisis

Glencore recently advised that its copper smelter and refinery in Queensland are expected to post a cumulative loss of $2.2bn over the next seven years. Sources have claimed that Glencore is seeking taxpayer assistance of about $600m over three years as part of ongoing negotiations with the federal and state governments to keep the copper facilities open. The federal government is said to have urged its state counterpart to increase its contribution to the joint rescue package. Glencore has previously delayed a decision on the future of the copper operations until mid-September. (RMS)

BHP exec dusts Crisafulli vision

BHP's president of its Australian operations, Geraldine Slattery, has criticised the Queensland government's controversial coal royalty regime. Slattery argues that the resources sector has helped underwrite Australia's prosperity. However, she has warned that Queensland's coal industry is reaching a crisis point, which is a risk to the nation's future prosperity. She has called for "courage and vision" to encourage investment in Queensland, particularly the Bowen Basin. Media reports in the UK have suggested that Slattery is now the leading contender to eventually succeed CEO Mike Henry. (RMS)

News

China orders steel mills to stop using some BHP iron ore

China Mineral Resources Group has told Chinese steel mills to suspend purchases of BHP's Jimblebar blend fines, with CMRG being China's state-run iron ore trader. It is understood that CRMG's actions were in response to a breakdown in talks in regard to long-term action, with its actions having the support of the China Iron and Steel Association. Jimblebar is one of BHP's main mines in Western Australia, and it supplies ores with around 60 per cent iron content that are extensively used in Chinese sintering blends, while a BHP spokesperson said it would not comment on commercial arrangements. (RMS)

News

Sept 20

Rio Tinto expected to join corporate culling season

Rio Tinto has declined to comment on speculation that it plans to make further job cuts at management level. The resources group has already sacked Sinead Kaufman and Kellie Parker as part of a restructuring under new CEO Simon Trott, which reduced its commodity group from four to three. Rio Tinto is now tipped to slash the number of managing directors at the level below its nine-person executive committee, amid suggestions that about one-third of these roles could be abolished. BHP, Anglo American and QCoal have recently announced job cuts. (RMS)

News

Emissions report pokes holes in Forrest's green mine truck dream

Fortescue aims to fully decarbonise its fleet of iron ore haulage trucks by 2030; BHP and Rio Tinto in turn have backed down on their initial targets for transitioning their haulage fleets to 'green' fuel sources. Meanwhile, a report from the Climate Change Authority has concluded that iron ore and coal miners are only likely to begin replacing diesel trucks with battery electric or hydrogen alternatives between 2030 and 2035. The Climate Change Authority estimates that diesel trucks account for 14 per cent of the resources sector's emissions. (RMS)

News

Billionaire family feud takes a new twist in litigation

The lengthy dispute between the children of Peter Wright, who helped unlock the iron ore wealth of Western Australia's Pilbara region with business partner Lang Hancock, is again back in court. Julian Wright had claimed his older siblings Angela and Michael, who along with him were heirs to their father's billion-dollar iron ore fortune, had cheated him out of his stake in the family company Wright Prospecting. The WA Supreme Court would decide in 2020 that Julian Wright had proven his case in regard to his allegations against his siblings, but lawyers for his sister Angela are now trying to find out who funded Julian Wright's case against she and her brother Michael. (RMS)

News

A 100-fold return marks end of line for $3.7bn miner

Gold Road Resources' shareholders are expected to approve South Africa-baed Gold Fields's $3.7 billion takeover bid today. The deal values Gold Road's shares at about $3.40 apiece, compared with just $0.03 in mid-2013, which is the year in which it discovered a gold deposit in Western Australia that became the Gruyere mine. Gold Fields paid $350m for a 50 per cent stake in the then-undeveloped project in 2019. Meanwhile, Gold Road held a 17.3 per cent stake in De Grey Mining prior to the latter's acquisition by Northern Star Resources earlier this year, and Paul Hissey from Moelis Australia says this deal may have prompted Gold Fields to make a move on its joint venture partner.

Top

Mitsui says 2035 climate target bolsters case for gas expansions

Takashi Yamamura, the new head of Australia for Japan-based Mitsui says his nation's demand for gas will rise in the medium-term. Yamamura says gas can play a role in the energy transition, both in terms of bolstering electricity supply during periods when wind and solar generation wane, as well as helping to facilitate the shutdown of coal-fired power stations. He says he understands the need for Australian gas producers to supply domestic markets, but that supplying offshore markets is also important. (RMS)

News Flashback

Sept 19

WA court keeps lid on explosive MinRes papers

The Federal Court has rejected Nine Publishing's application to lift suppression orders that have prevented the release of key documents in a legal dispute at Mineral Resources. The documents in question relate to the falling-out between MinRes founder Chris Ellison and the miner's former head of procurement, Steven Pigozzo; they had filed claims and counter-claims against each other before settling the dispute last year. However, the court has also ruled that more than a dozen MinRes documents should be redacted and released. (RMS)

News

Santos runs out of friends

Santos chairman Keith Spence is upbeat about the oil and gas group's outlook, despite the XRG consortium's decision to abandon a takeover bid just days before it was required to make a binding offer. Spence has noted amongst other things that Santos's unit production costs are set to fall over time, while the Barossa LNG project and the first phase of the Pikka oil project in Alaska will boost output. Santos has also held merger talks with Woodside Energy and Harbour Energy in the past decade; some analysts believe that the latest failed deal may put pressure on its board to a restructuring, which could potentially include a demerger. (RMS)

News

Santos and XRG: The letter that killed the deal

XRG indicated that a "combination of factors" contributed to the decision to withdraw its takeover bid for Santos. Sources have indicated that a letter from Santos that XRG received two days before pulling out of the deal had been a key factor. Santos made a number of demands in the letter, including the requirement that the XRG consortium must make a binding offer by the agreed dealine of 19 September, with the due diligence period having already been extended several times. Santos also wanted XRG to secure the Foreign Investment Review Board's approval for the deal before putting it to shareholders, while a tax liability in Papua New Guinea was another major sticking point. (Roy Morgan Summary)

News

Markets

Sept 19

Australian Dollar: $0.6611 USD (down $0.0039 USD) Iron Ore: $105.60 USD (down $0.25 USD) Oil: $63.64 USD (down $0.33 USD) Gold: $3,644.36 USD (down $15.57 USD) Copper: $4.6000 USD (down 0.0155 USD) Bitcoin: $117,484.61 USD (up 1.73%) Dow Jones: 46,142.42 (up 124.10 points)

Mining Stocks

BHP Group $39.58 -0.39 -0.98%
Rio Tinto Ltd $114.10 -1.44 - 1.25%
Fortescue Ltd $18.65 -0.10 -0.53%

Sept 18

News

BHP called 'un-Australian' over job cuts

BHP has advised that it will close down its Saraji South coal mine in Queensland's Bowen Basin, with the loss of 750 jobs. BHP has attributed the move to factors such as falling coal prices and the impact of the state's coal royalty regime. CEO Mike Henry had recently warned that the coal royalty burden could result in job losses and mine closures. BHP's coal asset president Adam Lancey has stated that the group's Queensland coal division paid eight times more in taxes and royalties in 2024 than it made in profits; he adds that this is not sustainable, and some "difficult but necessary decisions" had to be made. BHP has also indicated that it may close the FutureFit skills and training academy. (RMS)

News

Unions drag BHP to the negotiating table at Port Hedland

BHP has agreed to hold negotiations for a new enterprise agreement that may cover more than 400 workers at its iron ore port in Western Australia. The Australian Workers Union says that 74 per cent of its members at BHP's Port Hedland export facility have signed a petition to bargain for a new enterprise agreement. The Electrical Trades Union and the Australian Manufacturing Workers' Union are also pursuing a workplace agreement for BHP's maintenance and electrical workers at Port Hedland. BHP may seek to consolidate the separate union bargaining actions into one enterprise agreement covering its maintenance and production workers at Port Hedland. (RMS)

News

Coal miner Anglo American confirms job cuts in Brisbane, Bowen Basin

The Isaac Regional Council's mayor Kelly Vea Vea claims that more than 1,000 jobs will be lost in the latest round of redundancies in Queensland's coal mining sector. Anglo American has advised that it will shed an undisclosed number of jobs at its Brisbane office and the Grosvenor coking coal mine, which has yet to resume production in the wake of an underground fire in mid-2024. Ben Mansour from Anglo American Australia says the job cuts are necessary to ensure the long-term sustainability of the company's coal operations in the state. BHP has also revealed plans to retrench 750 workers at its Saraji South coal mine. (Roy Morgan Summary)

News

Massive $36.4b Santos takeover deal collapses as ADNOC walks away

The Abu Dhabi National Oil Company-led consortium has withdrawn its takeover bid for Santos just days before the deadline for submitting a binding offer. ADNOC subidiary XRG has advised that while the consortium retains a positive view of the Santos business, a combination of factor have impacted the assessment of its indicative offer of $US5.76 per share; the consortium had increased its offer several times since making its first offer at $US5.04 per share in March. Saul Kavonic from MST Marquee says the market is now likely to raise questions about Santos's valuation. (RMS)

News

Markets

September 18

Australian Dollar: $0.6650 USD (down $0.0030 USD) Iron Ore: $105.85 USD (down $0.45 USD) Oil: $63.97 USD (down $0.58 USD) Gold: $3,659.93 USD (down $26.90 USD) Copper: $4.6155 USD (down 0.0835 USD) Bitcoin: $115,850.80 USD (down 0.71%) Dow Jones: 46,018.32 (up 260.42 points)

News

Aussie Mining Stocks: Losing modest shine leading into Friday; Play The Long Game! (Media Man Group)

BHP Group $39.97 -0.34 -0.84%
Rio Tinto Ltd $115.54 -0.79 -0.68%
Fortescue Ltd $18.75 -0.13 -0.69%

News Flashback

September 17

Miners boost ASX; Super Retail, CSL drop

The Australian sharemarket posted a solid gain on Tuesday, with the S&P/ASX 200 adding 0.3 per cent to close at 8,877.7 points. Rio Tinto was up 1.9 per cent at $117.49, Bellevue Gold rose 6.3 per cent to $1.01 and New Hope Corporation finished 5.1 per cent higher at $4.58. However, Super Retail Group was down 4.3 per cent at $16.52 and CSL shed 1.3 per cent to end the session at $201.91. (RMS)

News

ASX stocks to fire as Fed kicks off cuts

Bond traders have fully priced in a 25 basis point interest rate cut at the US Federal Reserve's monetary policy meeting this week. They are expect at least another four rate cuts over the next year, although David Bassanese from BetaShares and Sebastian Mullins from Schroders contend that the central bank will be less aggressive in reducing monetary policy. Meanwhile, Australian stocks are widely tipped to rally if the Federal Reserve does reduce the cast rate; Jun Bei Liu from Ten Cap says James Hardie Industries stands to benefit the most, given its exposure to the US housing market. (RMS)

News

Multi-year rally tipped for energy sector

Mark Taylor from Morningstar is bullish about the long-term outlook for the crude oil price, forecasting that it will trade within a range of $US60 to around $US75 a barrel until 2035. He expects demand for oil to then fall by 15 per cent over the following 15 years, although this will be offset by a 20 per cent decline in supply. Taylor is also upbeat about Australian-listed oil and gas producers, increasing his fair-value estimates for Santos, Woodside Energy, Beach Energy and Karoon Energy. Tom Allen from UBS in turn has a 'buy' rating on Santos, and a 'neutral' rating on Woodside and Beach (RMS)

News

Northern Minerals bets on non-China premium

Northern Minerals has released the definitive feasibility study for its Browns Range rare earths project in Western Australia. It estimates that the project will cost about $592 million and have a mine life of 11 years. Browns Range will produce rare earths such as dysprosium, terbium, neodymium and praseodymium. The latter two are currently fetching about $US70 per kilogram, but Northern Minerals says it hopes to receive about $US107/kg for the rare earths it produces at Browns Range; it adds that prices could potentially rise to around $US138/kg if the world moves to aggressively decouple from Chinese supply chains. (RMS)

News

China has a 'chokehold' on the rare earth supply chain. Could Australia offer an alternative?

Magnetic rare earth elements such as neodymium, praseodymium, dysprosium and terbium are critical for the energy transition, defence industries and electric vehicles. Extracting and refining rare earths can be costly, complex and environmentally challenging, and China controls around 90 per cent of global processing capacity. However, federal Resources Minister Madeleine King says Australia could become the world's alternative supplier of refined rare earths. Iluka Resources is currently building a rare earths refinery at Eneabba in Western Australia; the project is being supported via a $1.65 billion loan from the federal government, which also plans to establish a Critical Minerals Strategic Reserve. (RMS)

Mining/Energy/Resources/Markets: Australia and World

September 2025

Sept 19

WA court keeps lid on explosive MinRes papers

News

Santos runs out of friends

News

Santos and XRG: The letter that killed the deal

News

Markets

Sept 19

Australian Dollar: $0.6611 USD (down $0.0039 USD)
Iron Ore: $105.60 USD (down $0.25 USD)
Oil: $63.64 USD (down $0.33 USD)
Gold: $3,644.36 USD (down $15.57 USD)
Copper: $4.6000 USD (down 0.0155 USD)
Bitcoin: $117,484.61 USD (up 1.73%)
Dow Jones: 46,142.42 (up 124.10 points)

Mining Stocks

BHP Group $39.58 -0.39 -0.98%
Rio Tinto Ltd $114.10 -1.44 - 1.25%
Fortescue Ltd $18.65 -0.10 -0.53%

Sept 18

News

BHP called 'un-Australian' over job cuts

News

Unions drag BHP to the negotiating table at Port Hedland

News

Coal miner Anglo American confirms job cuts in Brisbane, Bowen Basin

News

Massive $36.4b Santos takeover deal collapses as ADNOC walks away

News

Markets

September 18

News

Aussie Mining Stocks: Losing modest shine leading into Friday; Play The Long Game! (Media Man Group)

BHP Group $39.97 -0.34 -0.84%
Rio Tinto Ltd $115.54 -0.79 -0.68%
Fortescue Ltd $18.75 -0.13 -0.69%

News Flashback

September 17

Miners boost ASX; Super Retail, CSL drop

News

ASX stocks to fire as Fed kicks off cuts

News

Multi-year rally tipped for energy sector

News

Northern Minerals bets on non-China premium

News

China has a 'chokehold' on the rare earth supply chain. Could Australia offer an alternative?

News Flashback

Sept 17

Markets

Australian Dollar: $0.6680 USD (up $0.0011 USD)
Iron Ore: $106.30 USD (up $0.60 USD)
Oil: $64.55 USD (up $1.28 USD)
Gold: $3,689.83 USD (up $10.92 USD)
Copper: $4.6990 USD (down 0.0205 USD)
Bitcoin: $116,694.08 USD (up 1.06%)
Dow Jones: 45,757.90 (down 125.55 points)

News

Mining Stocks

BHP Group $40.36 -0.41 -1.01%
Rio Tinto Ltd $116.92 -0.57 -0.49%
Fortescue Ltd $18.91 -0.21 -1.10%

News

Profile Snapshot:

Hancock Prospecting

Hancock Prospecting Pty Ltd is owned by Rinehart (76.6%) and the Hope Margaret Hancock Trust (23.4%).

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

News

Best Quotes Of The Day

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."

Mining/Energy/Resources/Culture/Digital Gold: Australia and World

September 2025

Newsfeed

Sept 9

Gold rallies to new record as US rate cut bets surge

The gold price has risen to a new record high of more than $US3,604 an ounce. The latest spike in the price of the precious metal has been driven by factors such as the latest US payrolls and unemployment data, which have heightened expectations of further interest rate cutsin 2025. The price of gold has more than doubled over the last three years, and Goldman Sachs recently forecast that it could reach $US5,000 an ounce if the Trump administration's move to sack Federal Reserve governor Lisa Cook is upheld by a court. (RMS)

News

Sept 8

Guinea pressures Rio to build ore refinery

Guinea's minister of planning and international co-operation, Ismael Nabe, says his nation wants companies that are mining its resources to build refineries to process those resources in his country. These companies include Rio Tinto, which is behind the $US23.2 billion ($35.5 billion) Simandou iron ore project; it includes a 650-kilometre rail network and port infrastructure to service two new mines. Nabe's comments come just two months before Rio and its Simandou partners ship their first ore from the mine in November. (Roy Morgan Summary)

News

Sept 5

MinRes drivers 'asked to fill out false timesheets'

A former employee of Mineral Resources has told Western Australia's WorkSafe that the iron ore miner is not complying with safety rules on its 148km private haulage road. The ex-employee contends that truck drivers are being asked to work 12-hour shifts in order to meet Mineral Resources' targets for transporting iron ore from the Ken's Bore mine in the Pilbara to its export facility. It has also been alleged that drivers have been "coerced" into falsifying their timesheets. The company has spent more than $200m on repairing the road, while there have been a number of truck crashes and rollovers since the road opened. (RMS)

News

Shell plots exit from North West Shelf

Sources have indicated that energy giant Shell is considering the sale of its 16.67 per cent stake in the North West Shelf LNG project. Shell previously decided to withdraw from the $US30bn ($46bn) Browse LNG project, which is likely to supply gas to the processing plant at Karratha in Western Australia to replace the declining NWS gas fields. Woodside Energy has a 50 per cent stake in the NWS project, and Shell's potential exit would allow it to either increase its own stake or bring new partners into the venture. (RMS)

News

LNG export blow as US, Qatar to flood market

Investment bank Goldman Sachs has forecast that the LNG price willl fall $US7.35 per million British thermal units in calendar 2027. This is 42 per cent lower than in the current quarter. Goldman Sachs notes that global LNG supply is expected to rise by 50 per cent to a record 200 million tonnes by the end of this decade, amid increased production in the US and Qatar. Australia currently exports about 81 million tonnes of LNG a year, but the US appears to be on track to ship about 110 million tonnes in 2025; Qatar is aiming to ramp its LNG output to a similar level. (Roy Morgan Summary)

News

Bass Strait partners Mitsui, Woodside, ExxonMobil in $300m feud

The Federal Court is to hear a dispute involving Mitsui, Woodside Energy and ExxonMobil. It involves Mitsui being asked for a payment of $156.3 million from ExxonMobil and $141.6 million from Woodside. The latter two companies are of the view that Mitsui should make a greater contribution to the petroleum resource rent tax payable to the federal government for gas extracted from the Kipper gas field in Bass Strait. The dispute is linked to a demand from the Australian Taxation Office for greater payments of the tax for the period between 2013 and 2017. Mitsui, which acquired Santos's 35 per cent stake in the Kipper field in 2016, does not believe it should be liable for those debts. (RMS)

News

Sept 3

High-grade threat to Australian iron ore

Australia exported about $120 billion worth of iron ore from the Pilbara during 2024-25. However, Vale executive Rogerio Nogueira contends that Brazil has a key advantage over Australia because its iron ore is better suited to beneficiation; this process removes contaminants such as silicon or alumina to produce the higher-grade ore that will be needed to make steel using natural gas or hyrogen instead of coal. Australia's iron ore miners are already facing the problem of decline ore grades in the Pilbara. (RMS)

South32 chief in blast over green tape

Diversified miner South32 battled the bureaucracy for more than seven years to secure approval to continue operating its Worley bauxite and alumina business in Western Australia. Meanwhile, difficulty in gaining approval for an extension to the Dendrobium coal mine in the Illawarra region of NSW prompted South32 to sell the asset in 2024. South32 CEO Graham Kerr says the Trump administration has made it much easier to gain environmental approval for US mining projects compared with Australia. The company is on track to gain all approvals for its Hermosa critical minerals project in less than four years; it was the first project to be added to the FAST-41 list. (RMS)

News Flashback

September 3, 2025

Medals/Rare Earths News

Gold may be targeting $4,500, silver $50 Precious metals have returned to active growth, pushing the spot price of gold to $3,490—just $10 below its historic high of 22 April. Meanwhile, silver has decisively moved above $40, its highest level in 14 years.

The news agenda continues to favour metals, with reports that India is now actively selling US government bonds, building up its gold reserves. China did the same before, and Russia even earlier. However, this may turn out to be nothing more than a glimpse into the past, cleverly picked up by the global media. It should also be remembered that years of net sales of gold reserves did not initially prevent gold from rallying. This could also work in the opposite direction: the actions of finance ministers and central banks may not have a very noticeable long-term effect.

The lack of progress on a peaceful settlement between Russia and Ukraine also helps gold. After months of virtually empty promises, hopes are gradually fading.

A more visible but at the same time short-term factor is the growing expectation of a Fed key rate cut in September from 75% on 21 August (before Powell's speech) to 87% now. This leaves room for the rate to rise by another 10-13 percentage points, which is negative for the dollar and positive for commodities.

However, we recommend paying more attention to the technical picture now. The gold market has been in a prolonged sideways trend since reaching highs in April. At the same time, the bullish scenario is supported by sluggish resistance from bears in recent days and a series of higher local lows.

Silver has been under less pressure from local profit-taking, gaining in each of the last four months. Platinum and palladium seem to be ending their corrective decline, having risen sharply in early September. This behaviour of precious metals indicates that traders are serious about this direction, sharply increasing the chances of new historical highs soon.

Nevertheless, we urge caution when joining the gold rally in the coming days. First, reaching historic highs could trigger widespread selling in gold, as we saw in April and as is happening with Bitcoin.

If the breakout above $3,500 does not trigger a sell-off, as was the case earlier this year, the potential target is $4,500, close to which the 161.8% Fibonacci extension level is located.

In silver, it appears that the bulls are targeting the area of historical highs near $50.

Platinum also looks rested and ready to renew its multi-year highs after a corrective pullback. Its technical growth potential suggests a rise above $1,800, to the highs of 2011. However, such ambitious growth will only become the main scenario if the recent highs are exceeded and the price rises above $1,500. (FxPro)

News

Gold News

August 29, 2025

Gold approached the upper limit of the 4-month trading range Gold is trading above $3,400 again at the end of the week. The upper limit of the trading range, within which the price has been fluctuating since April, is close to $3,430. Jerome Powell's signals about a rate cut, unprecedented pressure from the White House on the Fed, and the continuing high level of geopolitical risks have brought the price back to this level.

Washington's introduction of 50% tariffs against India risks further deepening the divide between the West and the East, as well as the associated processes of de-dollarisation and diversification of gold and foreign exchange reserves by central banks in favour of precious metals.

For the first time since 1996, central banks hold more gold (about 25%) than US government bonds (about 20%) in their gold and foreign exchange reserves. For comparison, between 2008 and 2015, this ratio fluctuated between 10% and 30%, respectively.
Gold bulls are drawing strength from the dynamics of the US yield curve. Yields on 2- and 10-year Treasuries are falling. The market is painting a stagflationary backdrop, which is the best food for gold bugs.

Gold's ability to break through the resistance zone above $3,430 will be an important signal of the market's readiness to return to a rally after four months of tug-of-war. But it is worth being cautious with early bullish bets at these levels. Formally, there is now a greater chance of another pullback to the lower end of the range at $3,300-3,315.

At the same time, investors should remember that whichever way the breakout occurs, the subsequent movement could be very strong, given how long the gold market has been gathering strength while remaining in a sideways trend. (FxPro)

News

Australian Mining: Overview

Economic Impact: Mining accounts for around 13.6% of Australia's GDP (2023) and nearly 70% of total export revenue. It generated $356.6 billion in company tax and royalties over the past decade. Iron ore, coal, lithium, gold, and bauxite are among the top exports, with Australia being the world’s largest producer of lithium, iron ore, and bauxite, and a top-five producer of gold, lead, zinc, and nickel.

Key Regions and Resources:

Western Australia (WA): The epicenter of Australian mining, hosting major iron ore, gold, lithium, and nickel projects. It employed 134,871 full-time-equivalent workers in 2023-24, with iron ore (62,950 FTEs), gold (31,884 FTEs), and lithium (11,386 FTEs) leading employment.

Queensland (QLD): Contributes $75 billion annually to the economy and employs over 50,000 people, with high-grade graphite and rhenium deposits.
New South Wales (NSW): Rich in coal, gold, and copper, with the Cowal gold mine as the largest. It provides 40,000 jobs and nearly $2 billion in royalties.

Northern Territory (NT): Home to the world’s largest manganese mine and one-third of Australia’s uranium reserves, valued at over $4 billion.

Victoria (VIC): Known for gold, antimony, and brown coal, with a strong mining equipment and technology sector.

Tasmania (TAS): A century-long mineral producer with diverse geology.

Critical Minerals and Innovation: Australia is a global leader in critical minerals like lithium, rare earths, and manganese, essential for renewable energy and defense. The industry is adopting automation (e.g., driverless trucks), AI, and blue hydrogen to improve efficiency and reduce emissions. The government’s $1 billion Value-Adding in Resources Fund aims to enhance domestic processing.

Environmental and Social Challenges: Mining faces scrutiny for environmental impacts, including land destruction, water pollution, and carbon emissions from fossil fuel production. ESG (Environmental, Social, Governance) concerns and commodity price uncertainty are top risks for 2024. The industry is criticized for low tax contributions relative to profits (6% of federal revenue) and benefits from subsidies like the $3.5 billion Fuel Tax Credit Scheme.

Employment and Ownership: The sector employs about 229,500 people (2% of the workforce), with high median earnings ($2,649/week). However, it’s 86% foreign-owned, with major players like BHP (76% foreign-owned) and Rio Tinto (83% foreign-owned) dominating.

Future Outlook: With 80% of Australia’s mineral potential unexplored, the industry is poised for growth, particularly in critical minerals for electric vehicles and renewable energy. However, regulatory changes, climate goals, and community expectations for fairer taxation and environmental stewardship pose challenges. (Grok)

News Flashback

September 1, 2025

BHP call to voters in coal tax fight

BHP's BMA coking coal joint venture in Queensland paid an effective tax rate of about 67 per cent in 2024-25. BHP CEO Mike Henry has warned that some of the joint venture's mines may need to be shut down due to the impact of low coal prices and the state's coal royalty regime. Meanwhile, BMA's head of operations Mariette Bylsma says Queensland has one of the world's highest coal royalty regimes, which is making the state less competitive and less predictable for investment. Bylsma adds that the "unsustainable" coal tax is having a real impact on regional jobs and communities, and she has urged the general public to raise the issue with their local MP. (Roy Morgan Summary)

News

MinRes takeover of miner run by Ellison's brother faces backlash

Resource Development Group's administrator McGrathNicol recently advised that it had received seven non-binding offers to acquire the failed garnet miner. However, the firm decided to recommend the offer from RDG's majority shareholder, Mineral Resources, as it would result in the highest return to shareholders. However, minority investors in RDG claim that they are not being treated fairly, and allege that Mineral Resources is hastening the takeover without allowing time for other bids to emerge. RDG's former MD Andrew Ellison is the brother of Mineral Resources' founder and MD Chris Ellison. (RMS)

News

Sunday truck crash adds to MinRes woes

Mineral Resources is under renewed scrutiny following another incident on the private road that is used to transport iron ore to port facilities at Onslow in Western Australia. There has been a rear-end collision between one of the company's road trains and a truck that was being driven by a contractor; it is believed that nobody was injured in yesterday's incident and both trucks sustained only minor damage. However, there have been a series of incidents on the 150km road since it was opened in 2024, including a road train rollover last week. Mineral Resources has also spent $230m on repairing damage to the road caused by cyclones in early 2025. (RMS)

News

Gas industry frays over future of LNG as lobbying intensifies

Australia's east gas market is facing a supply crisis that could hit NSW and Victoria as early as 2029, with the nation's $90 billion liquefied natural gas sector at odds as to which of its participants should face the burden of addressing the looming crisis. With the federal government having announced a review of the LNG sector earlier in the year, Australia Pacific LNG and Santos, which is the operator of the Gladstone LNG project, are both actively lobbying the federal government as to their views as to how the two ventures believe the sector should be reformed. (Roy Morgan Summary)

News

Bitcoin Mining News

Industry Challenges and Hashrate Records: Bitcoin mining difficulty recently hit an all-time high of 126.9 trillion on May 31, 2025, before slightly dropping to 126.4 trillion. The network hashrate crossed 1 zetahash per second (ZH/s) in April 2025, reflecting intense competition. Miners face financial pressures from the April 2024 halving, which reduced block rewards, coupled with rising operational costs. Despite this, companies like MARA (mined 950 BTC in May 2025, holding 49,179 BTC) and CleanSpark (mined 694 BTC, holding 12,502 BTC) are expanding and retaining BTC as a treasury asset.

Shift to AI and Energy Competition: Bitcoin miners are increasingly competing with AI data centers for cheap energy, prompting some to pivot into AI infrastructure. For instance, Bitmain plans to open a U.S.-based BTC mining hardware facility by late 2025, and TeraWulf has secured Google as its largest shareholder, validating its AI-integrated strategy. This shift is driven by the need to monetize power, with executives noting that energy, not just hashrate, is now the critical factor.

Environmental and Regulatory Concerns: A Harvard study revealed that Bitcoin mining exposes 1.9 million Americans to harmful PM2.5 air pollution, primarily from fossil fuel-powered plants. The study highlights a "cross-state domino effect," urging federal regulation. Meanwhile, rural U.S. communities, like Dresden, NY, report noise pollution from mining operations, sparking local backlash despite support from some pro-crypto policies under the current administration.

Centralization Risks: Posts on X have raised alarms about mining centralization, with two pools controlling over 51% of the network’s hash power, potentially enabling a 51% attack. This has sparked debate about Bitcoin’s decentralization, though these claims remain inconclusive without further evidence.

Innovations and Expansions: Companies like Cipher Mining launched a 150MW Bitcoin mining site in Texas (Black Pearl), aiming for 300MW, and BitFuFu reported a record 34.1 EH/s hashrate, mining 400 BTC in May 2025. Block introduced Proto Rig, a modular, repairable miner, and Proto Fleet, an open-source software to enhance mining efficiency.

Profitability Struggles: Mining a single Bitcoin now costs approximately $137,000 in electricity, exceeding its market value of around $95,000-$104,000, rendering traditional mining unprofitable for many. Miners are adapting by holding BTC or diversifying into other cryptocurrencies like Ethereum.

Song

Welcome To The Blockchain (Song lyrics)

We're now standing on the precipice of a global revolution

Of economics, of politics, and government

Welcome to the blockchain

verse

Power corrupts, money is power

The power to control the money is one that is now

In the hands of those who pretend we can't function without them

So how can we do something about it? (Huh?)

Working hard to get a raise, lifting that wage up

Inflation takes it like a hidden taxation

Manipulated interest rates to give the banks

A way to create money with the loans that they're giving out daily (yup)

That means our money is debt

That we gotta pay back more than a hundred percent

No wonder then why the middle class is going under

When the one's above them gotta cover and come to collect

And many have no access to banking

Making payments, or saving, so more fees are taken

And every day the gatekeepers are trying to stop change

We can not wait, welcome to the blockchain

chorus

Welcome to the blockchain

Things are about to change

Open up the gates

Systems get replaced

Bitcoin

Decentralize the trust

Security, transparency

The network's run by us

Bitcoin

verse

Bitcoin is a decentralized ledger

And the currency is its first enterprise ever

Secured by the worldwide incentivized network

Can't be stolen or controlled by any sized effort

You can send it anywhere and instantly

No one can intervene, no third party in between

There's no counterfeiting

Algorithms control the outer limits of how many coins can get released

Programmable money, no government can seize it

Payments can be customized by sender and receiver

Contracts can be written cementing your agreements

With terms that can't be bent once you consent then it completes it

Autonomous businesses are possible

Where profit is distributed amongst those adopting it

Paradigm shift we must adjust to the ending

With the blockchain, bitcoin is just the beginning

chorus

Welcome to the blockchain

Things are about to change

Open up the gates

Systems get replaced

Bitcoin

Decentralize the trust

Security, transparency

The network's run by us

Bitcoin

bridge

Now that we got control

We're not gonna let it go

My people all around the globe

We gotta keep building, building, building

Now that we got control

We're not gonna let it go

My people all around the globe

We gotta keep building, building, building

chorus

Welcome to the blockchain

Things are about to change

Open up the gates

Systems get replaced

Bitcoin

Decentralize the trust

Security, transparency

The network's run by us

Bitcoin

By di DECAP, Toby / Toby Ganger

News

Working Man: Sony Lyrics

It's a working man l am And I've been down under ground And I swear to God if l ever see the sun Or for any length of time I can hold it in my mind I never again will go down under ground

At the age of sixteen years Oh, he quarrels with his peers Who vowed they'd never see another one In the dark recess of the mines Where you age before your time And the coal dust lies heavy on your lungs

It's a working man l am And I've been down under ground And I swear to God if l ever see the sun Or for any length of time I can hold it in my mind I never again will go down under ground

At the age of sixty four Oh, he'll greet you at the door And he'll gently lead you by the arm

Through the dark recess of the mines

Oh, he'll take you back in time And he'll tell you of the hardships that were had

It's a working man l am And I've been down under ground

And I swear to God if l ever see the sun Or for any length of time I can hold it in my mind I never again will go down under ground

It's a working man l am And I've been down under ground

And I swear to God if l ever see the sun Or for any length of time I can hold it in my mind I never again will go down under ground

It's a working man l am And I've been down under ground

And I swear to God if l ever see the sun

Or for any length of time I can hold it in my mind I never again will go down under ground

God, I never again will go down under ground

By Rita Macneil

News

Best Quotes Of The Day

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."

Mining/Energy/Resources/Culture/Digital Gold: Australia and World

September 2025

Newsfeed

Sept 5

MinRes drivers 'asked to fill out false timesheets'

News

Shell plots exit from North West Shelf

News

LNG export blow as US, Qatar to flood market

News

Bass Strait partners Mitsui, Woodside, ExxonMobil in $300m feud

News

Sept 3

High-grade threat to Australian iron ore

South32 chief in blast over green tape

News Flashback

September 3, 2025

Medals/Rare Earths News

The lack of progress on a peaceful settlement between Russia and Ukraine also helps gold. After months of virtually empty promises, hopes are gradually fading.

If the breakout above $3,500 does not trigger a sell-off, as was the case earlier this year, the potential target is $4,500, close to which the 161.8% Fibonacci extension level is located.

In silver, it appears that the bulls are targeting the area of historical highs near $50.

News

Gold News

August 29, 2025

News

Australian Mining: Overview

Key Regions and Resources:

Northern Territory (NT): Home to the world’s largest manganese mine and one-third of Australia’s uranium reserves, valued at over $4 billion.

Victoria (VIC): Known for gold, antimony, and brown coal, with a strong mining equipment and technology sector.

Tasmania (TAS): A century-long mineral producer with diverse geology.

News Flashback

September 1, 2025

BHP call to voters in coal tax fight

News

MinRes takeover of miner run by Ellison's brother faces backlash

News

Sunday truck crash adds to MinRes woes

News

Gas industry frays over future of LNG as lobbying intensifies

News

Bitcoin Mining News

Song

Welcome To The Blockchain (Song lyrics)

We're now standing on the precipice of a global revolution

Of economics, of politics, and government

Welcome to the blockchain

verse

Power corrupts, money is power

The power to control the money is one that is now

In the hands of those who pretend we can't function without them

So how can we do something about it? (Huh?)

Working hard to get a raise, lifting that wage up

Inflation takes it like a hidden taxation

Manipulated interest rates to give the banks

A way to create money with the loans that they're giving out daily (yup)

That means our money is debt

That we gotta pay back more than a hundred percent

No wonder then why the middle class is going under

When the one's above them gotta cover and come to collect

And many have no access to banking

Making payments, or saving, so more fees are taken

And every day the gatekeepers are trying to stop change

We can not wait, welcome to the blockchain

chorus

Welcome to the blockchain

Things are about to change

Open up the gates

Systems get replaced

Bitcoin

Decentralize the trust

Security, transparency

The network's run by us

Bitcoin

verse

Bitcoin is a decentralized ledger

And the currency is its first enterprise ever

Secured by the worldwide incentivized network

Can't be stolen or controlled by any sized effort

You can send it anywhere and instantly

No one can intervene, no third party in between

There's no counterfeiting

Algorithms control the outer limits of how many coins can get released

Programmable money, no government can seize it

Payments can be customized by sender and receiver

Contracts can be written cementing your agreements

With terms that can't be bent once you consent then it completes it

Autonomous businesses are possible

Where profit is distributed amongst those adopting it

Paradigm shift we must adjust to the ending

With the blockchain, bitcoin is just the beginning

chorus

Welcome to the blockchain

Things are about to change

Open up the gates

Systems get replaced

Bitcoin

Decentralize the trust

Security, transparency

The network's run by us

Bitcoin

bridge

Now that we got control

We're not gonna let it go

My people all around the globe

We gotta keep building, building, building

Now that we got control

We're not gonna let it go

My people all around the globe

We gotta keep building, building, building

chorus

Welcome to the blockchain

Things are about to change

Open up the gates

Systems get replaced

Bitcoin

Decentralize the trust

Security, transparency

The network's run by us

Bitcoin

By di DECAP, Toby / Toby Ganger

News

Working Man: Sony Lyrics

It's a working man l am And I've been down under ground And I swear to God if l ever see the sun Or for any length of time I can hold it in my mind I never again will go down under ground

At the age of sixty four Oh, he'll greet you at the door And he'll gently lead you by the arm

Through the dark recess of the mines

Oh, he'll take you back in time And he'll tell you of the hardships that were had

It's a working man l am And I've been down under ground

And I swear to God if l ever see the sun Or for any length of time I can hold it in my mind I never again will go down under ground

It's a working man l am And I've been down under ground

And I swear to God if l ever see the sun Or for any length of time I can hold it in my mind I never again will go down under ground

It's a working man l am And I've been down under ground

And I swear to God if l ever see the sun

Or for any length of time I can hold it in my mind I never again will go down under ground

God, I never again will go down under ground

By Rita Macneil

News

Best Quotes Of The Day

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."

News

August 23, 2025

The tedious seesaw for gold is about to end Gold's hopes for an aggressive cut in the Fed's federal funds rate, the associated decline in Treasury bond yields, and the weakening of the US dollar have not yet materialised. The Fed is likely to ease monetary policy in September. However, it may then pause again. Its slowness is bringing investors' interest back to the greenback.
Clouds are gathering over the precious metal due to Donald Trump's efforts to end the armed conflict in Ukraine. The start of hostilities, followed by the West's freezing of Russia's gold and foreign exchange reserves, was the starting point for the Gold’s rally. Since February 2022, gold has risen 1.7x and reached a record high of more than $3,500 per ounce in April. The rally was driven by de-dollarisation, active buying of bullion by central banks, and increased demand for ETFs.
In the second quarter, central bank activity in the precious metals market declined significantly, and capital flows into specialised exchange-traded funds slowed. Without these advantages, XAUUSD can forget about recovering the upward trend. However, the favourable external background in the form of monetary stimulus from the Fed, lower Treasury yields, and a weaker US dollar in the medium term will give gold a boost.
The gold chart clearly shows consolidation since April, with the price right in the middle of the 12% range from peak to correction lows. This tedious five-month movement to the right is likely to end in the coming weeks, as August often marks the start of major trends in gold. The duration of consolidation is often directly proportional to the strength of the breakout.
From a technical analysis perspective, given the accumulated overbought condition, the downside potential is huge – up to $3000 or even $2200 per ounce. However, the upside potential is no less impressive: $4600 in an extreme bullish scenario, including the Fed switching to a mode of absolute softness. (FxPro)

News

August 26, 2025

Forrest's miner rejects free ride

Iluka Resources is getting $1.65 billion in taxpayer support to construct a rare earths refinery at Eneabba in Western Australia, while the federal government is backing Arafura Rare Earths to the tune of almost $1.2 billion. Wyloo Metals, which controls the half-built Yangibana rare earths project in WA and which is Andrew Forrest's private mining company, contends that while it is good that the government wants to support a domestic rare earths sector, it should avoid trying to "pick winners" and subsidise their losses. (RMS)

News

PLS confident on lithium despite loss

Pilbara Minerals has posted a 2024-25 statutory loss of $196m, compared with a $257m for the previous financial year. The result was marred by a sharp fall in the price of lithium, which reached a low of $US575 per tonne in June; the battery metal had peaked at more than $US8,000 per tonne in 2023. The price has rebounded by about 70 per cent since June, and Pilbara Minerals CEO Dale Henderson is optimistic that the company can ride out the turmoil until demand for lithium recovers. Pilbara Minerals' revenue was 40 per cent lower than previously at $769m. (Roy Morgan Summary)

News

'Fake' mining firm to be wound up

Tom Peever and his wife Kirsten are the subject of allegations in the Federal Court that they created a fake mining operation in order to claim research and development tax breaks and GST refunds worth $200 million. The allegations are linked to around 30 companies, including one called Elution Metals. That company is now in the process of being wound up, while there are claims that the Peevers breached freezing orders imposed on them by the Australian Taxation Office. (RMS)

News

August 25, 2025

Death at Rio mine darkens transition

Rio Tinto's new CEO Simon Trott has issued a statement in which he emphasises that the safety of every employee is its main priority. He will visit Guinea to spend time with the company's workforce at the Simandou iron ore project, which has been rocked by the death of a worker. Safety standards at Simandou have previously come under scrutiny following the deaths of six people who were building the project's associated port and rail infrastructure. Trott will formally succeed Jakob Stausholm today. Production at Simandou is scheduled to commence by the end of 2025. (RMS)

News

BHP puts WA nickel assets on the block

Western Australia's Premier Roger Cook says BHP's decision to seek a buyer from its nickel assets in the state is disappointing. BHP will open a data room for potential buyers of the WA Nickel business, which was formerly known as Nickel West and includes mines, a smelter and refinery. BHP will also spend some $450m per annum on preparing the nickel operations for a potential restart; the nickel assets were mothballed in 2024 in response to a global oversupply as China-backed production of the battery metal in Indonesia ramped up. (Roy Morgan Summary)

News

Santos suitor heard union pitch

Abu Dhabi National Oil Company executive Mohamed Al Aryani recently held talks with the Australian Workers Union's national secretary Paul Farrow. Al Aryani is the president of international gas at ADNOC subsidiary XRG, which is heading the $30bn takeover bid for Santos. He also met with Santos executives as part of the due diligence process. Farrow has criticised LNG producers for selling gas from Queensland to overseas buyers without restriction, with Santos purchasing third-party gas to fulfil its export contracts. The AWU has also released a list of new demands, including a domestic gas reservation scheme. (RMS)

News

Australian Mining

Mergers and acquisitions are active, with companies like Mantle Minerals selling assets to Northern Star Resources for $13.5 million. Labor challenges persist, with union disputes and job cuts reported at companies like BHP. Despite these hurdles, the industry remains a global leader, with innovation in automation and green technologies shaping its future.

The Australian mining industry is a cornerstone of the nation’s economy, contributing significantly to export income, employment, and GDP. In the 2022-23 financial year, it generated a record $455 billion in export revenue, driven by commodities like iron ore, coal, gold, and emerging critical minerals such as lithium, copper, and rare earths.

Australia is the world’s largest producer of iron ore and bauxite, and a major player in gold, lithium, and uranium, with Western Australia hosting some of the largest mines globally.

Recent developments highlight a focus on sustainability and technology. Data and AI are transforming mine rehabilitation, improving efficiency and environmental outcomes.

Companies like BHP and Rio Tinto are advancing ESG (Environmental, Social, and Governance) initiatives, with BHP collaborating on biodiversity projects at Olympic Dam and Rio Tinto enhancing transparency on tailings facilities.

Meanwhile, the industry faces challenges from stricter regulations, such as Western Australia’s 2022 Work, Health, and Safety Regulations, and a global push for net-zero emissions, which pressures coal production.

Critical minerals are gaining prominence due to demand for electric vehicles and renewable energy. Queensland and Western Australia are key regions for lithium, nickel, and rare earths, with projects like Magnetite Mines reporting high-grade rare earth finds.

However, the industry grapples with declining productivity in some sectors, high energy costs, and foreign competition, particularly from China in nickel and lithium processing. (Grok)

Gold Mining News

Recent developments in gold mining highlight a mix of exploration, production advancements, and market dynamics:

Exploration and Discoveries:

In Uganda, a massive 31 million metric tonnes of gold ore, containing over 320,000 tonnes of refined gold worth approximately $12 trillion, was uncovered, potentially positioning the country as a top global gold producer.

In India, geologists confirmed significant gold deposits across 100 hectares in Jabalpur, Madhya Pradesh.

Production and Operations:

Navoi Mining in Uzbekistan is expanding its Muruntau gold deposit, one of the world’s largest opencast mines. Nevada Gold Mines in the U.S. is automating its haul truck fleet with Komatsu’s autonomous system.

B2Gold Corp. received approval for underground operations at Mali’s Fekola Mine. In Australia, Mandalay Resources and Betolar Plc are developing a cementless rockfill solution for the Costerfield gold-antimony mine.

Market Performance:

Gold prices have recently hit record highs, with futures rising over 14% since January 2025, boosting miners like Australia’s largest gold producer, which benefited from the bullion price surge.

Newmont, the world’s largest gold producer, reported a 120% increase in its all-in sustaining cost margin to $1,727 per ounce in Q2 2025. Senior gold stocks, including AngloGold, Kinross, and Agnico Eagle, have shown strong performance, with the GDX index hitting multi-year highs.

Revived Projects:

In Western Australia, old mines like Youanmi and Sandstone are being revived due to high gold prices, with companies like Rox Resources and Brightstar Resources planning production restarts by 2027 and 2028, respectively.

Challenges and Concerns:

In Venezuela, a pit gold mine collapse reportedly buried over 100 people, and U.S. sanctions were reinstated against the state-owned gold mining company due to political issues. Ghana’s Kwame Pianim called for a temporary freeze on non-industrial gold mining to address environmental threats from illegal operations.

News

Bitcoin Mining

Bitcoin mining is the process by which new bitcoins are created and transactions are verified on the Bitcoin network. Miners use specialized hardware to solve complex mathematical puzzles, which secures the network and earns them rewards in the form of newly minted bitcoins and transaction fees.

Key Points:

Purpose: Validates transactions and prevents double-spending by adding them to the blockchain, a decentralized ledger.

Process: Miners compete to solve cryptographic puzzles (Proof of Work) to create a new block. The first to solve it broadcasts the block to the network for verification.

Hardware: Modern mining uses Application-Specific Integrated Circuits (ASICs) for efficiency, as GPUs and CPUs are no longer competitive.

Rewards: As of August 2025, the block reward is 3.125 BTC (halved from 6.25 BTC in April 2024). Rewards halve every 210,000 blocks (roughly every 4 years).

Energy Use: Mining is energy-intensive, often requiring significant electricity, leading to debates about environmental impact.

Difficulty: Adjusts every 2,016 blocks (about every two weeks) to maintain a 10-minute block time, increasing as more miners join.

Profitability: Depends on electricity costs, hardware efficiency, Bitcoin price, and network difficulty. Many miners join pools to share rewards and reduce variance.

Geographic Trends: Miners often locate in areas with cheap electricity, like parts of the U.S., China, or regions with renewable energy.

Current Context (August 2025):

Market Dynamics: Recent X posts suggest mining remains profitable for some, with firms like Marathon Digital expanding operations (e.g., acquiring a 200 MW data center). However, smaller miners face challenges due to rising difficulty and energy costs.

Energy Debate: There's ongoing discussion about Bitcoin mining's environmental impact, with some miners adopting renewables or flared gas to mitigate criticism.

Halving Impact: The 2024 halving reduced rewards, pushing less efficient miners out and increasing competition among larger players.

News

Digital Gold

Recommendation: If you’re interested in digital gold as a gold investment, research trusted platforms like MMTC-PAMP or SafeGold and understand the terms, fees, and storage policies. For cryptocurrencies, consider your risk tolerance due to their volatility.The term "digital gold" can have different meanings depending on the context. Based on the information available, here are the two primary interpretations:

Digital Gold as a Form of Gold Investment:
Definition: Digital gold refers to an investment in 24-karat, 99.9% pure gold purchased online through digital platforms without the need to physically own or store the metal. The gold is stored in secure, insured vaults by providers on behalf of the investor. Each unit of digital gold is backed by an equivalent amount of physical gold, ensuring its value tracks the market price of gold.

How It Works: Investors can buy, sell, or hold digital gold via apps or websites like Paytm, Google Pay, PhonePe, or Tanishq, often in small denominations starting as low as ?1 or ?100. The gold is stored by trusted providers like MMTC-PAMP, Augmont Goldtech, or SafeGold.
Investors can also convert digital gold into physical gold (e.g., coins, bars, or jewelry) or sell it at real-time market prices, with proceeds credited to their bank accounts.

Benefits: Convenience: Buy, sell, or track gold prices anytime via digital platforms.

No Storage Hassle: Eliminates the need for physical storage, reducing risks of theft or loss and avoiding locker or insurance costs.

Purity and Transparency: Guarantees 24K gold with real-time pricing and no making charges (unlike jewelry).
Liquidity: Easily convertible to cash or physical gold, with high flexibility for small investments.

Accessibility: Low entry points make it affordable for a wide range of investors.

Risks:

Regulatory Gaps: Digital gold is not directly regulated by SEBI or RBI, which introduces some risk.

Platform Dependency: Investors rely on the platform’s security and solvency.

Price Volatility: Value fluctuates with global gold prices.
GST and Fees: A 3% GST applies, and some platforms may charge management or delivery fees.

Where to Buy: In India, digital gold is offered by platforms like Paytm, Google Pay, PhonePe, Tanishq, and Bajaj Finserv, partnered with providers like MMTC-PAMP, Augmont, or SafeGold.

Digital Gold as Cryptocurrency (e.g., Bitcoin):

Definition: In some contexts, "digital gold" refers to cryptocurrencies like Bitcoin or Ethereum, seen as modern equivalents to gold due to their limited supply, decentralized nature, and potential as a store of value. This analogy emphasizes their role as a hedge against inflation or economic instability, similar to physical gold.

How It Works: These cryptocurrencies operate on blockchain technology, providing a secure, transparent ledger for transactions. Unlike physical gold, they are purely digital and not backed by physical assets unless specifically designed as gold-backed tokens.

Sentiment on X: Posts on X often compare Bitcoin to "digital gold," highlighting its scarcity and independence from traditional financial systems. However, some argue gold’s supply can expand with demand, unlike Bitcoin’s fixed supply, sparking debates about their relative value. Risks: Cryptocurrencies face higher volatility, regulatory uncertainty, and technological risks compared to physical or vaulted digital gold. They also lack universal acceptance and are subject to market speculation.

Digital Gold Currency (DGC):

Definition: A less common meaning, DGC is an electronic currency backed by physical gold reserves held in vaults by private entities. Each unit represents a specific amount of gold (e.g., grams or troy ounces). Examples include historical systems like E-Gold or modern ones like Zimbabwe’s ZiG token.

How It Works: DGCs allow users to transact in gold-backed digital units, with 100% of client funds held as physical gold. They aim to combine gold’s stability with digital convenience but face challenges like limited acceptance and management risks.

Risks: Lack of universal acceptance, potential for fraud, and operational risks (e.g., poor management or security breaches) make DGCs less mainstream. Historical examples like E-Gold failed due to regulatory issues and fraud.

Key Distinctions: Digital Gold (Vaulted) is a direct investment in physical gold stored securely, offering simplicity and low entry points, ideal for traditional gold investors.

Cryptocurrency as Digital Gold is a metaphorical comparison, emphasizing scarcity and decentralization but with higher risk and no physical backing.

DGC is a niche system blending gold’s value with digital transactions, less common due to practical and regulatory challenges.

Why Invest in Digital Gold?

For vaulted digital gold, it’s a convenient, cost-effective way to invest in gold without physical ownership, suitable for portfolio diversification or small-scale investments, especially in markets like India.

For cryptocurrencies, some investors see them as a modern alternative to gold, though with greater volatility and speculative risk. DGCs appeal to those seeking gold-backed digital transactions, but their use is limited.

News

Best Quotes Of The Day

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."

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News Bonus

Gold by Spandau Ballet Producers: Steve Jolley & Tony Swain

Music Video: Gold
https://youtube.com/watch?v=VQ4qrcHyYj4

[Verse 1]

Thank you for coming home Sorry that the chairs are all worn I left them here I could have sworn

These are my salad days Slowly being eaten away Just another play for today

Oh, but I'm proud of you, but I'm proud of you

Nothing left to make me feel small Luck has left me standing so tall

[Chorus] Gold (gold)

Always believe in your soul You've got the power to know You're indestructible, always believing

You are gold (gold) Glad that you're bound to return

There's something I could have learned

You're indestructible, always believing

[Verse 2]

After the rush has gone I hope you find a little more time
Remember we were partners in crime

It's only two years ago
The man with the suit and the face
You knew that he was there on the case
Now he's in love with you, he's in love with you

And love is like a high prison wall And you could leave me standing so tall

[Chorus]

Gold (gold) Always believe in your soul You've got the power to know You're indestructible, always believing You are gold (gold) Glad that you're bound to return Something I could have learned You're indestructible, always believing

[Bridge]

Love is like a high prison wall
You could leave me standing so tall

[Chorus]

Gold (gold) Always believe in your soul
You got the power to know
You're indestructible, always believing
You are gold (gold)
Glad that you're bound to return

Something I could have learned

You're indestructible, always believing (You are, gold) Always believe in your soul
You've got the power to know
You're indestructible, always believing
'Cause you are gold (gold)
I'm glad that you're bound to return
Something I could have learned
You're indestructible, always believing (gold)

[Verse 1]

Thank you for coming home Sorry that the chairs are all worn I left them here I could have sworn

These are my salad days Slowly being eaten away Just another play for today Oh, but I'm proud of you, but I'm proud of you

Nothing left to make me feel small Luck has left me standing so tall

[Chorus]

Gold (gold) Always believe in your soul

You've got the power to know You're indestructible, always believing

You are gold (gold) Glad that you're bound to return

There's something I could have learned You're indestructible, always believing

[Verse 2]

After the rush has gone I hope you find a little more time Remember we were partners in crime

It's only two years ago The man with the suit and the face You knew that he was there on the case

Now he's in love with you, he's in love with you And love is like a high prison wall

And you could leave me standing so tall

News

Gold Price News

As of August 21, 2025, gold prices have experienced a slight decline, with the spot price falling to $3,342.75 per troy ounce, down 0.07% from the previous day, according to Trading Economics.

Over the past month, gold prices have dropped by 2.58%, though they remain 34.38% higher than a year ago. The price movement is influenced by several factors, including a stronger U.S. dollar and reduced expectations for a significant Federal Reserve rate cut in September, prompted by hotter-than-expected U.S. inflation data and a drop in jobless claims.

Recent market sentiment, as reflected on X, indicates volatility, with some posts noting a sharp rise in gold prices earlier in August, reaching around $3,500 per ounce, driven by factors like U.S. tariff uncertainties and strong safe-haven demand. However, prices pulled back after clarifications that tariffs would not be imposed on gold bar imports.

In India, gold prices have also softened, with 24-karat gold priced at ?10,074 per gram and 22-karat at ?9,234 per gram as of August 20, 2025. The Multi Commodity Exchange (MCX) reported October gold futures trading at ?99,240 per 10 grams, down 0.16%, amid easing geopolitical tensions and focus on the U.S. Federal Reserve’s Jackson Hole symposium.

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Best Quotes

"All that glitters is not gold"

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Gold Price: (Near Live)

3,358.43 USD -14.21 -0.42%

Bitcoin Price (Near Live)

$109,924.14 USD -3.09%

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Google Finance wins Media Man 'Business Website Of The Month' award
https://www.google.com/finance/

Runner-up:
Yahoo! Finance
https://finance.yahoo.com/

Mining/Energy/Resources: Australia and World

Thank God It's Friday Edition

All That Glitters ...

News

August 22, 2025

Northern Star ups dividend by 37pc as profit approaches record

Northern Star Resources has posted a 2024-25 net profit of $1.34bn, which is more than 100 per cent higher than previously. The result was boosted by a rally in the gold price, which began the financial year at $3,600 an ounce in Australian dollar terms and peaked at about $5,400 an ounce. Northern Star Resources' shareholders will receive a record full-year dividend of $0.55 per share. Meanwhile, the company expects gold production for 2025-26 to be within a range of 1.7 million to 1.85 million ounces, after output for the last financial year of 1.6 million ounces; this was in line with its downwardly revised guidance. (RMS)

News

Lithium's wild rally may be running out of gas

The lithium price has gained more than 30 per cent over the last month, and spodumene - the type of lithium that is mined in Australia - has risen by 70 per cent since reaching a low in June. The rally has in turn boosted the shares of Australian-listed producers of the battery metal, with Mineral Resources up 98 per cent since June and Pilbara Minerals rising 90 per cent. Morgan Stanley has an 'overweight' recommendation on both stocks, but Citi is cautious about the near-term outlook for the price of lithium. (Roy Morgan Resources)

News

Whitehaven blasts royalties as jobs at risk in cost cuts

Whitehaven Coal has booked a 2024-25 underlying net profit of $319m, which is 57 per cent lower than previously. It has posted an underlying loss of $9m for the second half, following a sharp fall in the coal price during the final quarter. However, MD Paul Flynn say the price of both coking and thermal coal appears to have recovered. He has flagged plans to reduce Whitehaven's cost by up to $80m in 2025-26, and warns that job cuts cannot be ruled out. Flynn adds that Queensland's current coal royalty regime is not sustainable, and he hopes that reducing it will be on the state government's policy agenda for the next election. (RMS)

News

Australian Mining

Australia is the world’s largest producer of iron ore and bauxite, and a major player in gold, lithium, and uranium, with Western Australia hosting some of the largest mines globally.

Recent developments highlight a focus on sustainability and technology. Data and AI are transforming mine rehabilitation, improving efficiency and environmental outcomes.

However, the industry grapples with declining productivity in some sectors, high energy costs, and foreign competition, particularly from China in nickel and lithium processing. (Grok)

Gold Mining News

Recent developments in gold mining highlight a mix of exploration, production advancements, and market dynamics:

Exploration and Discoveries:

In India, geologists confirmed significant gold deposits across 100 hectares in Jabalpur, Madhya Pradesh.

Production and Operations:

Market Performance:

Gold prices have recently hit record highs, with futures rising over 14% since January 2025, boosting miners like Australia’s largest gold producer, which benefited from the bullion price surge.

Revived Projects:

Challenges and Concerns: