Mining 27 April 2026 - 3 May 2026

Liontown Shares Just Hit a Near Three-Year High. Kathleen Valley’s Cash Flow Is Why
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Liontown Shares Just Hit a Near Three-Year High. Kathleen Valley’s Cash Flow Is Why

Liontown shares surged 12.3% Friday to A$2.64, their highest in nearly three years, after reporting A$33 million in positive net cash flow for the March quarter and record spodumene sales from Kathleen Valley. The company kept FY2026 guidance unchanged and began early works on a planned mine expansion, with up to A$77 million to be spent before a final investment decision expected in early FY2027.
May 3, 2026
Mineral Resources’ $765 Million POSCO Lithium Deal Hits the Real Test: Approvals and Debt
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Mineral Resources’ $765 Million POSCO Lithium Deal Hits the Real Test: Approvals and Debt

Mineral Resources Ltd has signed agreements to sell 30% of its new lithium joint venture to POSCO Holdings for US$765 million, moving the deal into the approvals stage. Proceeds are expected to redeem US$750 million in bonds and cut annual finance costs by about A$150 million. MinRes lifted FY26 volume guidance and reported a net debt drop to A$4.5 billion. The transaction is not yet closed and remains subject to approvals.
May 3, 2026
BHP Group Ltd’s China Iron Ore Deal Puts Rio Tinto and Fortescue on the Clock
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BHP Group Ltd’s China Iron Ore Deal Puts Rio Tinto and Fortescue on the Clock

BHP’s new iron ore pricing deal with China gives more weight to yuan-based benchmarks, raising questions about future market terms for Australia’s top export. The agreement follows a standoff with China Mineral Resources Group and has drawn attention to China’s growing influence on pricing. BHP shares closed at A$54.94 on May 1, up 2.27%. Rio Tinto and Fortescue also rallied, lifting the ASX 200 after recent losses.
May 3, 2026
Why Anglo American plc’s latest filing puts its $53 billion Teck deal back in focus
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Why Anglo American plc’s latest filing puts its $53 billion Teck deal back in focus

Anglo American confirmed 1,178,050,272 ordinary shares in its latest voting-rights filing ahead of its planned merger with Teck Resources. The company reported a 1% rise in copper output and a 31% drop in steelmaking coal for Q1. Chinese antitrust approval remains the last major hurdle for the merger, expected to close between September 2026 and March 2027. Anglo’s shares closed at 3,590 pence on Friday, up 0.10%.
May 2, 2026
Mineral Resources stock jumps after POSCO lithium deal clears key hurdle
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Mineral Resources stock jumps after POSCO lithium deal clears key hurdle

Mineral Resources signed agreements to sell a 30% stake in its new lithium joint venture LithCo to POSCO Holdings for US$765 million, advancing the deal to regulatory review. LithCo will hold MinRes’ 50% interests in the Wodgina and Mt Marion mines. MinRes reported net debt fell by about A$400 million in the March quarter. Completion is now expected in the first half of fiscal 2027, later than previously targeted.
May 2, 2026
Fresnillo Stock Rebounds, But Silver Output Drop Leaves a Bigger 2026 Question
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Fresnillo Stock Rebounds, But Silver Output Drop Leaves a Bigger 2026 Question

Fresnillo shares closed at 3,255p on Friday, up 0.62%, following a 3.95% rebound Thursday. First-quarter silver output fell 8.5% from the previous quarter to 11.1 million ounces, but the company maintained its 2026 production guidance. Silver futures rose 3.23% Friday, supporting mining stocks. Work on the Jarillas shaft at Saucito remains on track for completion later this year.
May 1, 2026
Rio Tinto-Backed MRN Clears $1.8 Billion Brazil Bauxite Hurdle
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Rio Tinto-Backed MRN Clears $1.8 Billion Brazil Bauxite Hurdle

MRN received an IBAMA installation licence for the Novas Minas bauxite project in Pará, clearing the way for construction and operations through 2041. The project, backed by Rio Tinto, Glencore, and South32, is expected to preserve over 7,500 jobs and generate 380 million reais annually in taxes. MRN plans to invest 9 billion reais and maintain annual output near 12.5 million metric tons.
May 1, 2026
Why Antofagasta Stock Jumped Today as Copper Rally Lifts FTSE 100 Miner
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Why Antofagasta Stock Jumped Today as Copper Rally Lifts FTSE 100 Miner

Antofagasta shares jumped 3.24% to 3,549.5p Thursday, beating the FTSE 100 as copper prices rose after strong Chinese factory data. The stock remains 20.68% below its February high. First-quarter copper output fell 8% to 143,000 tonnes, but net cash costs dropped 30% to $1.08/lb. Pre-commissioning began at Centinela’s new concentrator, with other expansion projects ongoing.
April 30, 2026
Weir Group Shares Drop: CEO Exit, Soft Orders Rattle Mining Tech Stock
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Weir Group Shares Drop: CEO Exit, Soft Orders Rattle Mining Tech Stock

Weir Group shares fell as much as 10% after CEO Jon Stanton announced he will step down in August and the company reported a 3% drop in organic first-quarter orders. Headline orders rose 4% on a constant-currency basis, but demand in the Minerals division was hit by mine disruptions in Asia-Pacific and Africa. Andrew Neilson will succeed Stanton as CEO. Weir reiterated its 2026 financial outlook.
April 30, 2026
Rio Tinto’s Brazil Bauxite Bet Clears Key Permit as Mining Money Floods In
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Rio Tinto’s Brazil Bauxite Bet Clears Key Permit as Mining Money Floods In

Mineração Rio do Norte, backed by Rio Tinto, secured an installation licence from Brazil’s IBAMA for its Novas Minas bauxite project, allowing construction at five new sites in Pará. The permit supports MRN’s plan to invest 9 billion reais through 2041 and target annual output of 12.5 million metric tons. Norway’s sovereign wealth fund remains engaged over deforestation concerns tied to the project’s planned expansion.
April 30, 2026
Anglo American’s Teck Merger Nears Its Last Big Hurdle as Copper Race Heats Up
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Anglo American’s Teck Merger Nears Its Last Big Hurdle as Copper Race Heats Up

Anglo American said its merger with Teck Resources is on track for completion between September 2026 and March 2027, pending Chinese antitrust approval. Anglo shareholders passed all 21 AGM resolutions, and shares rose 1.15% to 3,555.50 pence. Anglo’s Q1 copper output rose 1% to 170,400 tonnes; Teck’s copper output jumped 32% to 140,000 tons. The combined company would rank among the world’s top five copper producers.
April 30, 2026
Northern Star Buyback: Why the KCGM Turnaround Is Back in Focus
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Northern Star Buyback: Why the KCGM Turnaround Is Back in Focus

Northern Star Resources repurchased 923,598 shares for about A$20.6 million in the first two days of its A$500 million buy-back, filings showed. Shares closed at A$22.14 Monday, up 1.28% on the day but down 6.82% over the week. The company reported March-quarter free cash flow of A$301 million and reaffirmed 2026 gold sales and cost guidance. KCGM mill expansion costs have increased.
April 27, 2026
Fortescue Ltd China Iron Ore Deal Nears as CMRG Tests ASX:FMG Pricing Power
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Fortescue Ltd China Iron Ore Deal Nears as CMRG Tests ASX:FMG Pricing Power

Fortescue Ltd is nearing a supply deal with China’s state-backed iron ore buyer, Bloomberg reported, as Beijing seeks greater control over pricing. Fortescue shipped 48.4 million tonnes in the March quarter, up 5% year-on-year, but cut Iron Bridge guidance after cyclone disruptions. Shares closed at A$19.77 on Monday. The board approved a US$680 million green energy project in the Pilbara, targeting completion by 2028.
April 27, 2026
BHP Group Ltd’s Electric Train Push Hits Union Roadblock as Pilbara Race Tightens
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BHP Group Ltd’s Electric Train Push Hits Union Roadblock as Pilbara Race Tightens

BHP’s plan to begin testing two battery-electric locomotives in Western Australia’s Pilbara region has been delayed by rail safety and union consultation rules, The Australian reported Monday. The locomotives, built by Wabtec, arrived in Port Hedland in November and were set for real-world trials on BHP’s iron ore rail network. Fortescue has started similar trials, while Rio Tinto has paused its own battery locomotive plans.
April 27, 2026
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