Mining 3 May 2026 - 13 May 2026

Northern Star Resources Cyber Outage Delays Payments as KCGM Expansion Nears Key Stage
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Northern Star Resources Cyber Outage Delays Payments as KCGM Expansion Nears Key Stage

Northern Star Resources said part of its ERP system remains offline after a cyber incident at a service provider, forcing manual procurement and delaying supplier payments until at least May 21. The company reported no evidence of supplier data compromise and said its U.S. Pogo mine was unaffected. Shares closed 1.03% higher at A$21.64 on May 13. Gold prices fell 0.6% to $4,686.35 an ounce amid U.S. rate uncertainty.
May 14, 2026
Why Fortescue Ltd’s A$150 Million Native Title Hit Matters for Pilbara Miners
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Why Fortescue Ltd’s A$150 Million Native Title Hit Matters for Pilbara Miners

Fortescue Ltd has been ordered to pay A$150 million to the Yindjibarndi Ngurra Aboriginal Corporation for cultural loss from mining at its Solomon Hub, the largest native title compensation in Australia. The Federal Court also awarded about A$100,000 for economic loss plus interest. Justice Stephen Burley found Fortescue had destroyed 124 heritage sites and blocked access to over 135 square kilometres of land. Fortescue shares rose 2.8% on Wednesday.
May 13, 2026
BHP Group Stock Jumps as Incoming CEO Signals Copper Deal Push
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BHP Group Stock Jumps as Incoming CEO Signals Copper Deal Push

BHP’s incoming CEO Brandon Craig said the company will consider smaller acquisitions and partnerships, with copper as a long-term focus. Craig takes over July 1 as copper prices hit record highs. BHP also appointed former BlueScope Steel chief Mark Vassella to its board, effective June 1. BHP shares rose in Sydney, London, and New York.
May 13, 2026
Antofagasta Stock Jumps as Copper Squeeze Sends Chile Miner Back Toward Its Highs
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Antofagasta Stock Jumps as Copper Squeeze Sends Chile Miner Back Toward Its Highs

Antofagasta shares jumped 8.7% to 4,299p in London Wednesday as copper prices surged above $14,000 a ton, nearing record highs amid mine disruptions and tight supply. The Chilean miner’s stock remains below its 52-week peak. First-quarter copper output fell 7.6% year on year, but full-year guidance was unchanged. Peers including Anglo American and Glencore also rose as copper futures hit new highs.
May 13, 2026
Anglo American Rallies as Copper’s Record Run Turns the Teck Deal Into the Main Trade
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Anglo American Rallies as Copper’s Record Run Turns the Teck Deal Into the Main Trade

Anglo American shares rose 4.0% to 4,055p in London on May 13, outpacing the FTSE 100’s 0.52% gain, as copper prices hit new highs. The stock move followed a sector rally, with Antofagasta up 4.2%, Rio Tinto 3.4%, and Glencore 3.2%. Anglo’s planned merger with Teck Resources would give shareholders over 70% copper exposure, pending China antitrust approval. Copper production rose 1% to 170,400 tonnes last quarter.
May 13, 2026
Rio Tinto’s Copper Rally Gets Real, but the Easy Part of the Trade May Be Done
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Rio Tinto’s Copper Rally Gets Real, but the Easy Part of the Trade May Be Done

Rio Tinto shares rose 3.5% to 8,197p in early London trading, tracking copper futures near record highs at $6.64 a pound. Investors are focused on Rio’s copper growth at Oyu Tolgoi and other projects, while concerns remain over China iron ore demand and ESG issues. Copper production climbed 9% in Q1, driven by Oyu Tolgoi ramp-up. Rio is also considering increasing its stake in Argentina’s Los Azules copper project.
May 13, 2026
Evolution Mining’s Rally Is About Cash Flow, Not Just Gold
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Evolution Mining’s Rally Is About Cash Flow, Not Just Gold

Evolution Mining closed at A$13.32, up 2.77% on strong cash flow and a shift to A$42 million net cash in the March quarter. The stock rose ahead of a 1.2% drop in spot gold offshore, setting up a test for Wednesday’s open. Evolution produced 170,000 ounces of gold and 11,000 tonnes of copper last quarter, with AISC at A$2,220 an ounce. CEO Lawrie Conway said the company had “rapidly deleveraged” and expects more cash flow in June.
May 13, 2026
BHP Stock Hits A$60 as Copper Turns the Miner Into a Different Trade
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BHP Stock Hits A$60 as Copper Turns the Miner Into a Different Trade

BHP shares hit a record A$60.23 and closed up 2.49% at A$59.78 on May 13, defying a 0.4% drop in the ASX 200. The rally followed strong copper prices and BHP’s increased copper production guidance. Copper now accounts for 51% of BHP’s underlying EBITDA, overtaking iron ore for the first time. CEO-elect Brandon Craig cited sector supply constraints and new project milestones at a metals conference.
May 12, 2026
Rio Tinto’s Copper Hunt In Canada’s North Comes Right As An Oil Town Faces Its Next Act
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Rio Tinto’s Copper Hunt In Canada’s North Comes Right As An Oil Town Faces Its Next Act

Rio Tinto has applied for a four-year permit to begin copper exploration in the Mackenzie Mountains, Northwest Territories, with fieldwork planned between June 15 and August 31, 2026. The company seeks approval for low-impact activities such as surveys and sampling, not drilling or road construction. The move comes as Imperial Oil prepares to close its Norman Wells operation in late 2026. Local leaders have expressed support for the project.
May 12, 2026
Mineral Resources Stock Faces a New Debt-Repair Test After COO Move and POSCO Lithium Push
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Mineral Resources Stock Faces a New Debt-Repair Test After COO Move and POSCO Lithium Push

Mineral Resources has named Darren Killeen as chief operating officer, a new role reporting to Managing Director Chris Ellison. Shares closed Friday at A$69.55, down 2.5%. The company’s lithium joint venture with POSCO has reached formal agreements, with completion now expected in the first half of FY2027. Net debt dropped to about A$4.5 billion at March 31.
May 10, 2026
Evolution Mining Share Price Jumps 7% in Week as Gold and Copper Rally Put EVN Back in Focus
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Evolution Mining Share Price Jumps 7% in Week as Gold and Copper Rally Put EVN Back in Focus

Evolution Mining shares closed last week up 7.4% at A$13.05, outperforming other major ASX gold miners. The company reported A$406 million in March-quarter cash flow and moved to net cash of A$42 million, with no debt repayments due until FY29. Gold and copper production for the quarter reached 170,000 ounces and 11,000 tonnes, respectively. Evolution expects full-year gold output on track but copper at the low end of guidance.
May 10, 2026
BHP Group’s AI Iron Ore Fix Unlocks 1 Million Tonnes as Investors Chase Copper, AI Exposure
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BHP Group’s AI Iron Ore Fix Unlocks 1 Million Tonnes as Investors Chase Copper, AI Exposure

BHP’s AI-powered computer vision system in Western Australia has delivered nearly 1 million tonnes a year in extra iron ore output, according to Chief Digital Officer Mikko Tepponen. The technology cut crusher downtime by 20% and reduced disruptions by up to 60%. BHP shares last traded at A$57.95, down 0.97%. The company will release its next operational review on July 16.
May 10, 2026
Anglo American’s $295 Million Copper Push Could Keep El Soldado Running Until 2045
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Anglo American’s $295 Million Copper Push Could Keep El Soldado Running Until 2045

Anglo American has filed a $295 million plan to extend the El Soldado copper mine in Chile through 2045, seeking environmental approval. The project would add new open-pit phases, reopen an underground mine, and expand tailings infrastructure. El Soldado produced 42,605 tonnes of copper in 2025 and employs about 650 people. Chile’s regulator charged Anglo with alleged breaches at the site in late 2024.
May 9, 2026
Rio Tinto plc Eyes a Bigger Argentina Copper Bet as Los Azules Talks Surface
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Rio Tinto plc Eyes a Bigger Argentina Copper Bet as Los Azules Talks Surface

Rio Tinto is considering increasing its 17.2% stake in McEwen Copper’s Los Azules project in Argentina, according to two industry sources. The move follows the collapse of Glencore merger talks and comes as copper demand rises. Rio holds its stake via Nuton LLC, which uses bio-leaching technology. London trading is closed until Monday, leaving investors to react after the weekend.
May 9, 2026
BHP’s China Iron Ore Deal Puts Miner Back in Focus as Yuan Pricing Ripples Through Rivals
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BHP’s China Iron Ore Deal Puts Miner Back in Focus as Yuan Pricing Ripples Through Rivals

BHP’s iron ore pricing settlement with China’s state buyer is under scrutiny after a May 3 report warned of possible industry-wide effects. The agreement, reached after a months-long dispute, uses a weighted average of four price indices for Jimblebar fines. BHP has not disclosed full commercial terms. The deal comes as BHP expands copper and potash projects in Australia and Canada.
May 4, 2026
Anglo American plc Share Count Update Puts Teck Copper Megadeal Back in Focus
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Anglo American plc Share Count Update Puts Teck Copper Megadeal Back in Focus

Anglo American reported total voting rights of 1,178,050,272 as of April 30, with no shares in treasury, amid its pending merger with Teck Resources. The London Stock Exchange was closed May 4 for a holiday; Anglo last traded at 3,590 pence on May 1. The Teck deal, agreed in September, would give Anglo shareholders 62.4% of the combined group. China antitrust approval remains the key hurdle for the merger.
May 4, 2026
Sandfire Resources Stock Rebounds, But One Copper Risk Is Still Hanging Over It
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Sandfire Resources Stock Rebounds, But One Copper Risk Is Still Hanging Over It

Sandfire Resources closed at A$16.78 on May 1, up 2.88% after a prior drop, amid fresh equity filings and operational concerns. The company kept FY26 copper-equivalent guidance at 149,000–165,000 tonnes but warned output may be at the lower end. Q3 group copper-equivalent output reached 34,500 tonnes. CEO Brendan Harris sold 172,333 shares to cover tax after vesting rights, holding 665,305 shares indirectly.
May 4, 2026
South32 Stock: $3.3 Billion Hermosa Mine Reset Puts Its U.S. Growth Bet Under Pressure
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South32 Stock: $3.3 Billion Hermosa Mine Reset Puts Its U.S. Growth Bet Under Pressure

South32 raised expected capital spending for its Taylor zinc-lead-silver project in Arizona to about US$3.3 billion, up US$1.1 billion from its earlier estimate. First production is now slated for the second half of fiscal 2028, with full output delayed to fiscal 2031. Shares dropped 4.63% over the week after the announcement. Analysts flagged concerns over higher costs and slower ramp-up despite a larger ore reserve.
May 3, 2026
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