Mining

BHP has signed an agreement with the Australian Tax Office (ATO) to settle a long-running dispute over the sale of its goods through its Singapore-based business. The mining giant will pay a total of AUS$529 million in additional taxes on income generated between 2003 and 2018....

US-based lithium producer Albemarle Corp has received state environmental approval for its AUS$1 billion Kemerton lithium plant in Western Australia, which is set to create 500 construction jobs and another 500 permanent positions. “I’m pleased to see this project progressing, following my positive discussions with Albemarle’s...

BHP will pay out a massive AUS$14.7 billion to its shareholders through a special dividend and share buyback, after completing the sale of its remaining onshore US shale oil and gas assets. The world’s biggest mining company announced this week that it had finalised the sale...

BHP has paid around AUS$84 million to increase its stake in Ecuador-focused gold miner SolGold to 11.2%, rivalling the 14.5% stake held by Australia’s largest listed gold firm Newcrest Mining. The latest investment nearly doubles BHP’s ownership in SolGold, after the world’s biggest miner first bought...

RNC Minerals, the company made famous by its discovery of over 9,000 ounces of high grade gold from a single blast at its Beta Hunt mine in Western Australia last month, has recovered the first specimen. The Canadian miner said the slab was cut in the...