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Magnets producer attracts Wyloo investment

Hastings’ Yangibana project in WA. Wyloo Metals has announced a $150 million cornerstone investment in Australian rare earths developer Hastings Technology. Hastings aims to become the world’s next producer of neodymium and praseodymium concentrate used in the...

Whitehaven profits surge on rising coal prices

Whitehaven Coal has reported a record net profit after tax of $2 billion for the year ended June 30, 2022, and EBITDA of $3.1b, a significant increase on the $204.5m in the prior year. The outstanding year results also include: An 8 per cent improvement in safety...

Sibanye says new US act offers opportunities

The new US Inflation Reduction Act offers great opportunities for Sibanye Stillwater’s diversification into battery materials and it may look to add more such assets, CEO Neal Froneman said. Enacted this month, it includes climate and clean energy policies and...