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☆ China Says Australia’s Exporters Can Come Back. Some Say No Thanks.
▼ + stars: | 2023-11-04 | by ( Rhiannon Hoyle | ) www.wsj.com time to read: 1 min

Australian Prime Minister Anthony Albanese is set to meet with Chinese officials in the coming days. Photo: stringer/ReutersADELAIDE, Australia—When China reopened its ports to Australian steelmaking coal in January, it soon ran up against a legacy of its two-year standoff with one of its biggest trading partners: The ships mostly weren’t coming back. Australian coal exporters had to cultivate new markets on the fly after being locked out of China when its leaders reacted angrily to former Australian Prime Minister Scott Morrison’s call for an international investigation into the origins of Covid-19. Many turned to India, which needs coal to feed its burgeoning steel industry. Those ties have held even as Beijing rolled back restrictions.

Persons: Anthony Albanese, Scott Morrison’s Organizations: Reuters, Australian Locations: Reuters ADELAIDE, Australia, China, India, Beijing

☆ Rhiannon Hoyle — Reporter at The Wall Street Journal
▼ + stars: | 2023-10-16 | by ( Rhiannon Hoyle | ) www.wsj.com time to read: 1 min

Rhiannon HoyleRhiannon Hoyle is a reporter for the The Wall Street Journal in Australia, where she mostly writes about mining and commodities. Her stories explore the way mining affects industry, communities and the environment, and how investment decisions by mining executives can ripple through global markets.She also writes about broader economic and geopolitical issues affecting the region, including trade, diplomatic relations and defense. Rhiannon joined the Journal's Australia bureau in 2012 following a two-year stint in its London office, where her reporting focused on the global metals trade. She was previously chief reporter at a construction-industry magazine, also in London. Rhiannon started her journalism career at the Advertiser in Adelaide, Australia.

Persons: Rhiannon Hoyle, Rhiannon Hoyle , Rhiannon, Rhiannon Organizations: Street, Australia , Journal's Locations: Australia, Journal's Australia, London, Adelaide

☆ Albemarle’s $4.16 Billion Lithium Bet Scuttled by Australia’s Richest Person
▼ + stars: | 2023-10-15 | by ( Rhiannon Hoyle | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/energy-oil/albemarle-drops-4-16-billion-offer-for-lithium-miner-liontown-resources-11316172

Persons: Dow Jones Locations: albemarle

☆ The Rare Indicator That’s Still Optimistic About China’s Property Market
▼ + stars: | 2023-10-09 | by ( Rhiannon Hoyle | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/commodities-futures/the-rare-indicator-thats-still-optimistic-about-chinas-property-market-6f6b9eff

Persons: Dow Jones

☆ Another Worrisome Inflation Indicator: Surging Mining Costs
▼ + stars: | 2023-09-29 | by ( Rhiannon Hoyle | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/commodities-futures/another-worrisome-inflation-indicator-surging-mining-costs-3ea7bfbf

Persons: Dow Jones

☆ Nukes Are Back, but Uranium Is in Short Supply
▼ + stars: | 2023-09-13 | by ( Joe Wallace | Rhiannon Hoyle | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/commodities-futures/nukes-are-back-but-uranium-is-in-short-supply-44c4ccbf

Persons: Dow Jones

☆ Chevron Workers Begin Industrial Action at Australian Natural-Gas Plants
▼ + stars: | 2023-09-08 | by ( Rhiannon Hoyle | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/asia/chevron-workers-begin-industrial-action-at-australian-natural-gas-plants-814fed9a

Persons: Dow Jones Locations: asia

☆ Chevron Workers in Australia Set Date for Work Bans, Stoppages
▼ + stars: | 2023-08-29 | by ( Rhiannon Hoyle | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/energy-oil/chevron-workers-in-australia-set-date-for-work-bans-stoppages-c393014d

Persons: Dow Jones Locations: australia

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/commodities-futures/mining-companies-want-to-turn-scrap-metal-into-green-energy-treasure-beb849de

Persons: Dow Jones

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Persons: Dow Jones

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/chinas-latest-export-controls-prompt-countries-to-explore-supply-chain-diversification-318e74d1

Persons: Dow Jones

☆ A Onetime Paper Maker Is Now the King of Lithium
▼ + stars: | 2023-06-01 | by ( Julie Steinberg | Rhiannon Hoyle | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/a-onetime-paper-maker-is-now-the-king-of-lithium-99421b8c

Persons: Dow Jones

☆ Newmont Agrees to Acquire Australia’s Newcrest for $17.5 Billion
▼ + stars: | 2023-05-15 | by ( Rhiannon Hoyle | David Winning | ) www.wsj.com time to read: 1 min

Photo: Katie Klann for The Wall Street JournalSYDNEY— Newmont said it has agreed to acquire Australia’s Newcrest Mining for $17.5 billion, in what would be the largest-ever M&A deal in the gold-mining industry. Newmont is offering 0.400 of its own shares for each Newcrest share, and has allowed Newcrest to pay a special dividend of up to $1.10 a share around the time any deal completes. Those terms are in line with a revised offer pitched by Newmont roughly a month ago.

☆ The World’s Biggest Gold Miner Bets Big on Copper
▼ + stars: | 2023-05-14 | by ( Rhiannon Hoyle | David Winning | ) www.wsj.com time to read: 1 min

Colorado-based Newmont is the world’s top gold producer. Photo: Katie Klann for The Wall Street JournalSYDNEY— Newmont said it has agreed to acquire Australia’s Newcrest Mining for $17.5 billion, concluding weeks of talks over a sweetened offer by the U.S. company that wants to complete the largest-ever M&A deal in the gold-mining industry. Newmont’s pursuit of Newcrest illustrates how gold producers are seeking to make deals as the industry is struggling to make large discoveries of the precious metal. It also extends a battle for control among miners for commodities essential for making electric vehicles and renewable-energy infrastructure, as Newcrest’s gold mines also produce significant amounts of copper.

☆ Livent, Allkem Agree to Create $10.6 Billion Lithium Producer
▼ + stars: | 2023-05-10 | by ( Rhiannon Hoyle | ) www.wsj.com time to read: 1 min

U.S.-based Livent has expertise in the processing of lithium. Photo: ERNEST SCHEYDER/via REUTERSADELAIDE, Australia—Lithium producers Livent and Allkem said they had agreed to a merger that will create a global mining company worth $10.6 billion, illustrating how a surge in demand for the battery mineral used in electric vehicles is sparking a rush to do deals. The all-stock transaction will result in shareholders of U.S.-based Livent owning around 44% of the combined company, with shareholders of Australia-listed Allkem holding the remaining stock, the companies said in a joint statement Wednesday. The enlarged company will have its headquarters in North America, and a primary listing on the New York Stock Exchange.

Refined copper bundles at a BHP mine in South Australia. Photo: sonali paul/ReutersMining companies are back at the deals table as they battle for control of commodities essential for making electric cars and renewable-energy infrastructure. The world’s largest miner is set to seal its biggest deal in more than a decade. An American gold giant is seeking to acquire an Australian rival that is rich in copper. And a Swiss commodities company has made two proposals to combine with a century-old Canadian competitor.

☆ Newmont Raises Bid for Australia’s Newcrest to $19.5 Billion
▼ + stars: | 2023-04-11 | by ( Rhiannon Hoyle | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/newmont-raises-bid-for-australias-newcrest-to-19-5-billion-5d2f2f7f

☆ Insurer Chubb Demands Energy Producers Cut Methane Emissions for Coverage
▼ + stars: | 2023-03-22 | by ( Leslie Scism | Rhiannon Hoyle | ) www.wsj.com time to read: 1 min

Oil-and-gas companies will provide plans to manage emissions or lose underwriting from Chubb. Global insurer Chubb Ltd. is tightening its requirements on insurance policies for oil-and- gas producers, demanding that they reduce emissions of methane, a potent greenhouse gas. Chubb , which is a top-10 insurer in the worldwide oil-and-gas market by premium volume, will also stop underwriting projects in areas designated as protected by state, provincial or national governments, effective immediately.

☆ Global Miners Gear Up for Energy Transition With Deals and Investments
▼ + stars: | 2023-02-27 | by ( Rhiannon Hoyle | ) www.wsj.com time to read: 1 min

Rio Tinto’s Oyu Tolgoi copper mine in Mongolia is being expanded underground as the company predicts rising demand. ADELAIDE, Australia—Global miners are spending billions of dollars on deals and raising budgets for new projects in a bet on the energy transition, changing course from a decadelong focus on shareholder payouts. BHP Group Ltd., the world’s biggest miner by market value, is close to completing its biggest acquisition since 2011 with copper-and-gold miner OZ Minerals Ltd. recommending its shareholders vote in favor of the more-than $6 billion bid. Two months ago, Rio Tinto PLC bought out minority shareholders in Canada-listed Turquoise Hill Resources in a $3.1 billion deal to get more exposure to a giant copper deposit in Mongolia.

☆ Newmont Proposes $17 Billion Takeover of Australia’s Newcrest Mining
▼ + stars: | 2023-02-05 | by ( Rhiannon Hoyle | ) www.wsj.com time to read: 1 min

Newmont, based in Colorado, is one of the world’s largest producers of gold. ADELAIDE, Australia— Newmont Corp. has made a roughly $17 billion offer to acquire Australia’s Newcrest Mining Ltd., aiming to seal one of the biggest deals for a global gold miner as the industry struggles to make large new discoveries of the precious metal. Newmont, based in Colorado and one of the world’s largest producers of gold, on Sunday submitted a conditional and nonbinding indicative proposal to acquire Newcrest, Australia’s largest listed gold producer. Newmont said it would offer 0.380 Newmont shares for each Newcrest share held, according to Newcrest.

At Sue Schmidt’s gas station and roadhouse off a remote highway in the Australian Outback, employees usually watch out for snakes when they are walking outside. But this week, they were looking for something else: A tiny capsule of radioactive material that sparked a search along a roughly 900-mile stretch of the road. The capsule, used in mine equipment, went missing while in transit from a Rio Tinto PLC mine to Perth, Western Australia’s state capital. As the search dragged on over the past week, Ms. Schmidt and her employees grew wary of cleaning up the bottle caps and coins that they usually find outside the roadhouse, fearing that any shiny object could be the capsule that would hit them with a dangerous dose of radiation.

Western Australia state’s Department of Fire and Emergency Services crews had been searching for the tiny capsule. A tiny capsule containing radioactive material that sparked a search over hundreds of miles of highway in the Australian Outback has been found, authorities said Wednesday. The success “is testament to amazing inter-agency teamwork in the face of seemingly insurmountable odds,” Western Australia state’s Department of Fire and Emergency Services said on Twitter.

☆ Australia’s Nuclear Safety Agency Joins the Hunt for Missing Radioactive Capsule
▼ + stars: | 2023-01-31 | by ( Rhiannon Hoyle | ) www.wsj.com time to read: 1 min

ADELAIDE, Australia—Authorities intensified their search for a missing capsule containing radioactive material in Australia’s far west, deploying car-mounted detection equipment for the first time as they began to retrace a truck’s nearly 900-mile journey across the Outback. The capsule, which is less than a third of an inch long and contains Cesium-137, is believed to have fallen from a truck somewhere between Rio Tinto PLC’s Gudai-Darri mine and Perth, the capital of Western Australia. An initial search using hand-held radiation monitors failed to find the capsule, which was discovered to be missing on Jan. 25, prompting a public health alert.

☆ Missing Radioactive Capsule Prompts Search and Concern in Australia
▼ + stars: | 2023-01-30 | by ( Rhiannon Hoyle | ) www.wsj.com time to read: 1 min

A member of an incident management team in Cockburn, Australia, coordinated the search for a radioactive capsule that was lost in transit by a contractor hired by Rio Tinto. ADELAIDE, Australia—In the Australian Outback, authorities are engaged in an unusual search-and-recovery effort. Gone missing is an 8-millimeter-long capsule of radioactive material that can burn or sicken anyone who touches it. Their problem is that it could be anywhere along a 900-mile stretch of highway connecting a Rio Tinto PLC mine to Perth, Western Australia’s state capital, a route featuring small towns and communities in an arid landscape of wiry shrubs and red desert sands. The capsule, which contains a small quantity of radioactive Caesium-137, worked its way loose from a piece of equipment that Rio Tinto had sent to Perth by truck for repair.

☆ Bain Capital Considers Virgin Australia IPO as Travel Demand Rebounds
▼ + stars: | 2023-01-16 | by ( Rhiannon Hoyle | ) www.wsj.com time to read: 1 min

ADELAIDE, Australia—Bain Capital is considering an initial public offering of Australia’s second-largest airline in what would be a new test of investor appetite for carriers in a turbulent postpandemic recovery. On Monday, Bain Capital said as a first step, it will soon ask advisers about the best timing, structure and metrics for relisting Virgin Australia on the Australian Securities Exchange .

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