News
Global coal demand hit a record high in 2025 but demand is stalling and will gradually decline over the next five years as competition from alternative energy sources rise, according to a report from the International Energy Agency (IEA). According to the IEA’s Coal 2025 report, global coal demand is…
Australia joins Pax Silica partnership on AI, global tech supply chain
Australia has joined six other countries in a U.S.-led coalition to collaborate on AI, tech supply chains and infrastructure. The Pax Silica Declaration reflects a shared commitment to advance mutual prosperity, technological progress, and economic security, according to the U.S. State Department. The other signatories are Israel, Japan, South Korea…
South32 to place Mozal under maintenance after power talks collapse
Australian miner South32 will place the Mozal aluminium smelter in Mozambique under care and maintenance by March 2026, after it failed to secure a new electricity supply agreement with the government. The miner has been negotiating with Mozambique’s government and power suppliers to reach an agreement for the smelter’s energy…
Yinhawangka People, Rio Tinto sign interim agreement towards co-management
The Yinhawangka People and Rio Tinto have signed an interim modernised agreement, starting what both parties called a new era of co-management on Yinhawangka Country. The modernised agreement builds on the 2013 participation agreement between the two parties and establishes a framework that will govern how Rio Tinto operates on…
Vietnam bans exports of raw rare earth minerals
Vietnam’s Parliament has moved to ban the export of raw rare earth minerals as part of an overhaul of the country’s geology and minerals law, Bloomberg News reported. Under the amended laws, which will take effect on January 1, 2026, rare earths are designated as a strategic resource, and the…
Australia unveils rescue plan for Tomago Aluminium smelter
The Australian federal government has unveiled a rescue plan to keep the country’s largest aluminium smelter, Tomago Aluminium, open beyond 2028. The federal government will work together with the New South Wales state government and Tomago Aluminium on a long-term renewable energy solution to support the smelter’s viability when its…
Fortescue to expand copper portfolio with Alta Copper acquisition
Fortescue has agreed to buy the remaining 64 per cent of Canada-based Alta Copper in a deal valued at C$139 million, as the company looks to expand beyond iron ore into other metals. The Australian miner entered into a binding agreement to acquire Alta Copper’s remaining shares that it does…
Mineral Resources transitions to gas power at Port of Ashburton
Mineral Resources has reached a major milestone at its Onslow Iron project, with operations at the Port of Ashburton now running entirely on natural gas. The port now has a 14-megawatt gas-fired power station connected to the Wheatstone Ashburton West Gas Pipeline, which allows the company to completely transition from…















