Resources

Mineral Resources and Pilbara Minerals are rising rapidly among lithium stocks after China closes a huge mine

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After months of misery, shareholders of publicly traded lithium mining companies reported billions of dollars in profits on Wednesday. In morning trade, share prices of WA spodumene concentrate producers rose sharply – Mineral Resources up 17.2 percent, Pilbara Minerals up 12.7 percent, IGO up 12.3 percent and Liontown Resources up 11.5 percent – after suffering … Read more

Madeleine King believes Regis Resources has ‘options’ to build a $1 billion gold mine despite Section 10 ban

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Resources Minister Madeleine King has supported her cabinet colleague Tanya Plibersek after she torpedoed Regis Resources' plans for a billion-dollar gold mine in New South Wales. Ms Plibersek used her powers as Environment Minister to block the construction of a tailings pond at the McPhillamys Project because she was concerned about the impact on Aboriginal … Read more

Resources Minister Madeleine King backs Pilbara union initiative as IR laws ‘work as intended’

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Resources Minister Madeleine King has denounced the “hysteria” surrounding the union initiative in the Pilbara region and stressed that the federal government's controversial industrial relations laws are “working as intended”.

Regis Resources CEO Jim Beyer increases his frustration over McPhillamy's rejection

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Jim Beyer has dismissed comparisons between the failed McPhillamys project and Juukan Gorge, while saying his company Regis Resources will now take a more serious approach to offshore exploration for its next move. Mr Beyer said the company was “still shaken” by Environment Minister Tanya Plibersek's revocation of state and federal approvals for the development … Read more

Regis Resources records $192 million impairment on McPhillamys gold project following rejection of Plibersek application

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Almost all of the value that Regis Resources attributed to its New South Wales gold project was wiped out following a high-profile Section 10 ruling. The immediate financial impact was revealed Wednesday afternoon when Regis recorded a non-cash impairment of $192 million “against a significant portion of McPhillamys' book value.”