Matthew Hogan-led Venus Metals has announced that lithium producer IGO will proceed with the stage two farm-in period of the Bridgetown-Greenbushes project.
Lithium producer IGO has conceded it “sees the world differently” to its joint venture partner at the troubled Kwinana hydroxide refinery, Tianqi Lithium.
The Tianqi Lithium and IGO joint venture behind the underperforming Kwinana lithium refinery has poured further funds into the asset after awarding a $4 million contract.
IGO has swung to a loss of more than $950 million in a set of “disappointing” full-year financials after slashing the value of its share of the Kwinana lithium refinery to zero.
Tianqi Lithium Energy Australia has awarded an $11 million contract to local engineering firm SIMPEC after issuing an optimistic update on its Kwinana refinery.
Critical minerals miner IGO has all but lost confidence in the future of its underperforming Kwinana lithium refinery, having written down the asset's value to zero.
Struggling nickel and lithium producer IGO has flagged a major board restructure, with chairman Michael Nossal and other directors planning to retire as part of a downsizing.
The 'underperforming' Kwinana lithium hydroxide refinery continues to strain joint venture owners IGO and China's Tianqi Lithium, while the Greenbushes mine churns out cash.
IGO has gutted the value of its troubled Kwinana refinery after a recording a significant $525 million impairment against the ailing joint venture asset.
Critical minerals miner IGO is preparing to mark a “substantial” impairment against its troubled Kwinana lithium refinery amid weak market conditions for the battery ingredient.
Critical minerals miner IGO has taken up a majority stake in a copper project in northern Western Australia after pouring $15 million into exploration.
The cost of building the third chemical grade processing plant designed to lift production capacity from the Greenbushes lithium mine has again blown out to $880 million.
IGO has not pocketed a dividend from the joint venture covering the Greenbushes hard rock lithium mine due to weak market conditions and prices this quarter.
Lithium has been repositioned as IGO's core focus, ahead of copper and nickel, while it expects to brace for extreme volatility as supply and demand imbalances play out.
IGO's stake in the Greenbushes lithium joint venture has aided its full year results, as it recorded sizeable write-downs of its nickel and exploration assets.
IGO has struck an agreement deed with Medallion Metals for the possible divestment of assets at its Forrestania project, another step in a major restructuring of its struggling nickel business.
IGO boss Ivan Vella is working through the "difficult process" of redundancies after two of its nickel mines were put on ice, but spruiks there is still life left in Cosmos.
IGO will shortly transition its Forrestania operation into care and maintenance as it nears the end of its mine life, while also flagging job cuts from its exploration and corporate teams.
IGO managing director Ivan Vella does not believe green premium markets are the way forward for Australian critical minerals, in the wake of recent lithium and nickel price movements.
Lithium and nickel miner IGO reported a 110 per cent quarter on quarter drop in underlying earnings during the three months to March, leading it to a pre-tax loss of $15 million.
IGO has recorded a 53 per cent plunge in profit in the first half of this financial year, while having to deal with its Cosmos nickel mine and Kwinana refinery joint venture.
Mark Beyer and Mark Pownall discuss Basil Zempilas; Waterbank; Nicola Forrest; Brian Anderson; house prices and interest rates; and Ivan Vella's IGO saga.
IGO's Cosmos nickel mine has become the latest victim of the nickel price crunch, with the company revealing it will shift the project to care and maintenance from the end of May.
Battery metals miner IGO is bracing for a 20 per cent cut in spodumene sales from its Greenbushes joint venture lithium operation, marking another hit in response to market weakness.
Battery metals miner IGO has halted construction on part of its troubled Cosmos nickel mine, in a move that comes just days after its new chief executive Ivan Vella has taken the helm.
IGO will proceed with plans to employ Ivan Vella as chief executive despite the shock news that Rio Tinto sacked him over a confidential information breach.
In this podcast Mark Pownall and Mark Beyer discuss mining cost challenges at IGO, BHP and Northern Star, MinRes China pullout, cultural heritage, Comm Games, gold miners, fund managers, indigenous business, Cottesloe development and George Kailis.
Battery metals miner IGO has found a new chief executive in Ivan Vella, a long-serving Rio Tinto executive whose career includes a stint as iron ore boss in the aftermath of Juukan Gorge.
New wind and solar farms will be used to power Rio Tinto's aluminium assets in the Gladstone region, as the mining giant looks to halve emissions by 2030.
Woodside Petroleum executive Fiona Hick has today become the first woman to be appointed president of the Chamber of Minerals and Energy of Western Australia.
Mining giant Rio Tinto has taken the extraordinary step of publicly acknowledging it should have communicated recent executive changes to the PKKP people in a more collaborative way.
Simon Trott has been appointed iron ore chief executive at Rio Tinto, as part of a shake-up that leaves its management team weighted heavily in favour of its head office in London.
Rio Tinto has changed the name of its new iron ore mine to Gudai-Darri after a request from Banjima elders, one small step in the miner's efforts to rebuild trust with traditional owners.
