MINING CORPORATIONS – AUSTRALIA

Evolution snaps up copper mine in Queensland

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Original article by Mark Wembridge
The Australian Financial Review – Page: 15 : 28-Jul-26

Directors of copper miner Carnaby Resources have unanimously endorsed a $213m takever bid from Evolution Mining. The proposed deal will enable Evolution to fully utilise the mill at its Ernest Henry gold and copper mine; the mill processed about 5.6 million tonnes of copper ore in 2025, which is well below its capacity. Evolution has estimated that the addition of Carnaby’s Greater Duchess project will boost copper production at Ernest Henry by 10,000 tonnes a year. Evolution’s all-scrip bid values Carnaby at $0.77 per share; the target’s stock rose 58 per cent to $0.76 on Monday.

CORPORATES
EVOLUTION MINING LIMITED – ASX EVN, CARNABY RESOURCES LIMITED – ASX CNB

BHP lies exposed by union lobbying

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Original article by Brad Thompson
The Australian – Page: 13 & 19 : 22-Jul-26

BHP held further Fair Work Commission-mediated talks with a coalition of unions yesterday, in the wake of last week’s eight-hour work stoppage at its Port Hedland iron ore export hub. A BHP spokesman has indicated that its focus is on making constructive progress towards "fair and reasonable" workplace agreements. The industrial action is being headed by the Electrical Trades Union, which has written to large institutional investors and proxy advisers to warn them of "material risks" arising from BHP’s approach to industrial relations in the Pilbara.

CORPORATES
BHP GROUP LIMITED – ASX BHP, ELECTRICAL TRADES UNION, AUSTRALIA. FAIR WORK COMMISSION

Chinese rare earths investors blocked

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Original article by Peter Ker
The Australian Financial Review – Page: 15 : 15-Jul-26

Northern Minerals’ executive chairman Adam Handley has welcomed the federal government’s latest move aimed at getting shareholders with Chinese links to divest their holdings. Treasurer Jim Chalmers has told the rare earths producer to disregard all votes cast by the three shareholders in question at any of the company’s meetings. It follows a recent warning from Northern Minerals that the three investors had failed to comply with an order to divest their holdings by 2 July. Northern Minerals’ undeveloped Browns Range deposit in Western Australia includes terbium and dysprosium; China accounts for 99 per cent of global supply of these heavy rare earths.

CORPORATES
NORTHERN MINERALS LIMITED – ASX NTU, AUSTRALIA. DEPT OF THE TREASURY

Unions to stage fun fair at port strike

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Original article by Brad Thompson
The Australian – Page: 15 : 15-Jul-26

BHP and a coalition of unions held talks in the Fair Work Commission yesterday, in a bid to avert industrial action at the resources group’s Port Hedland iron ore export hub. However, the unions have advised that they intend to proceed with protected industrial action tomorrow, after failing to reach an agreement with BHP. Members of the Electrical Trades Union, the Australian Manufacturing Workers’ Union and the Australian Workers’ Union will go on strike for eight hours. The unions have ruled out establishing a picket line at BHP’s Port Hedland facilities and will not prevent non-union ‘strikebreakers’ from accessing the site. They will instead hold a family-friendly protest, which will include a barbecue and face painting.

CORPORATES
BHP GROUP LIMITED – ASX BHP, ELECTRICAL TRADES UNION, AUSTRALIAN MANUFACTURING WORKERS’ UNION, AUSTRALIAN WORKERS’ UNION, AUSTRALIA. FAIR WORK COMMISSION

China-linked rare earths investors flout Chalmers’ sale edict

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Original article by Mark Wembridge
The Australian Financial Review – Page: 16 : 8-Jul-26

Northern Minerals has confirmed that six companies with links to China still hold a combined stake of about 17.6 per cent in the criticial minerals producer. Treasurer Jim Chalmers had directed the six companies to divest their stakes in Northern Minerals by 2 July. He had previously attempted in 2024 to compel China-linked investors to divest their stakes in Northern Minerals, citing national security concerns. Northern Minerals’ Browns Range rare earths project in Western Australia is considered to be of strategic importance in reducing China’s dominance of critical minerals supply.

CORPORATES
NORTHERN MINERALS LIMITED – ASX NTU, AUSTRALIA. DEPT OF THE TREASURY

Lynas in magnets deal with Malaysia

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Original article by Brad Thompson
The Australian – Page: 15 : 8-Jul-26

Lynas Rare Earths has signed a partnership agreement with South Korea-based JS Link, which will build a rare earths permanent magnet plant in Malaysia. Lynas will acquire a $50m equity stake in JS Link as part of the deal, and this investment will help support construction of the magnets plant near Lynas’s rare earths processing hub in Malaysia. Lynas will also supply rare earths materials to the new plant, as well as JS Link’s magnet factory in South Korea. Lynas has yet to appoint a permanent successor to former CEO Amanda Lacaze, who stepped down at the end of June after 12 years at the helm.

CORPORATES
LYNAS RARE EARTHS LIMITED – ASX LYC, JS LINK INCORPORATED

Workers back strike option at BHP’s Port Hedland hub

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Original article by David Marin-Guzman
The Australian Financial Review – Page: 5 : 7-Jul-26

The Australian Workers Union’s ballot on protected industrial action has been supported by about 97 per cent of its members at BHP’s iron ore export hub in the Pilbara. The AWU voted to join with several other unions in threatening to take industrial action at Port Hedland; they will be required to provide five days’ notice if they opt to proceed with work bans. BHP shipped 290 million tonnes of iron ore via Port Hedland in 2025-26, and says it could lose about $100m worth of revenue per day if the port is shut down due to industrial action.

CORPORATES
BHP GROUP LIMITED – ASX BHP, AUSTRALIAN WORKERS’ UNION

Union strike at BHP port averted

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Original article by Brad Thompson
The Australian – Page: 13 & 19 : 24-Jun-26

BHP held talks with the leaders of four unions at its Melbourne headquarters yesterday, where it put forward a draft enterprise agreement. The unions represent about 240 of the 450 workers at BHP’s iron ore export hub at Port Hedland, who are currently employed via individual contracts. The unions have released a joint statement advising that while some progress was made during the talks, BHP has not yet addressed the core concerns of their members. The Electrical Trades Union and the Australian Manufacturing Workers’ Union recently voted to take industrial action if BHP does not negotiate a deal, while the Australian Workers’ Union and the Mining & Energy Union intend to hold a ballot.

CORPORATES
BHP GROUP LIMITED – ASX BHP, ELECTRICAL TRADES UNION, AUSTRALIAN MANUFACTURING WORKERS’ UNION, AUSTRALIAN WORKERS’ UNION, MINING AND ENERGY UNION

Hancock axes hundreds of jobs

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Original article by Mark Di Stefano, Mark Wembridge
The Australian Financial Review – Page: 14 : 17-Jun-26

Hancock Prospecting has declined to comment on the extent of job cuts at its iron ore mines in the Pilbara. However, the private company of billionaire Gina Rinehart is believed to have shed between 300 and 500 jobs, which would comprise up to 10 per cent of its workforce. Sources have confirmed that affected workers were offered generous redundancy packages. Hancock’s Roy Hill and Atlas Iron divisions were merged under the Hancock Iron Ore banner in mid-2025; their consolidation was aimed at streamlining Hancock’s operations across the Pilbara, which comprises the Roy Hill, Sanjiv Ridge, Mount Webber and Miralga mines; the company is also constructing the McPhee Creek mine and hopes to build another mine at Mulga Downs.

CORPORATES
HANCOCK PROSPECTING PTY LTD, ROY HILL HOLDINGS PTY LTD, ATLAS IRON LIMITED, HANCOCK IRON ORE

Northern Star slump sparked takeover offers

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Original article by Mark Wembridge
The Australian Financial Review – Page: 17 : 11-Jun-26

Northern Star Resources’ share price has fallen by about 25 per cent so far in 2026, despite the rising price of gold. Chairman Michael Chaney has revealed that Northern Star’s underperformance has resulted in it being approached by several potential suitors during the last year, but such discussions did not proceed because they were not seemed to be in the best interests of shareholders. Chaney has also responded to a push by activist investor Elliott Investment Management to sell assets or the entire company; he says Northern Star’s board is of the view that it is not the right time to consider the latter option. He has also acknowledged that Northern Star has itself considered selling some mines, but decided against this; however, Chaney says all assets will be subject to regular review.

CORPORATES
NORTHERN STAR RESOURCES LIMITED – ASX NST, ELLIOTT INVESTMENT MANAGEMENT LP