Australia

KKR & Co. Inc. (NYSE:KKR) has struck a deal on Wednesday to acquire ProTen Pty Limited, a major player in Australia’s poultry farming infrastructure, from Aware Super, a leading Australian pension fund. The agreement marks a strategic move by KKR to further expand its investments in the...

Rio Tinto (NYSE:RIO) and Hancock Prospecting have announced on Tuesday a joint investment of $1.61 billion to develop the Hope Downs 2 iron ore project in Western Australia's Pilbara region. A 50-50 investment will drive a significant expansion of the long-standing Hope Downs Joint Venture between...

Amazon.com Inc. (NASDAQ:AMZN) announced on Wednesday plans to invest AU$20 billion ($13.02 billion) through 2029 to expand its data center infrastructure across Australia, marking the nation’s largest global technology investment in history. What Happened: The investment will strengthen...

The Australian mining sector has welcomed Prime Minister Anthony Albanese and the Labor Party’s re-election in the May 2025 federal election, as this outcome provides policy certainty at a crucial time for commodities and energy transition materials. During the campaign trail in April,...

Rio Tinto (NYSE:RIO), the second-largest global miner, has fended an activist investor campaign to abandon its long-standing dual listing structure. U.K.-based hedge fund Palliser Capital, which has campaigned for the effort, required a 75% majority but fell short, reaching only 19.35%, below the...

Australia's Alkane Resources (OTCPK: ALKEF)  and Canada's Mandalay Resources (OTCQB:MNDJF)  have announced a "merger of equals "in an all-share transaction valued at approximately AU$1.01 billion ($707 million), creating a diversified gold and antimony producer with global reach. The...

The world's largest miner, BHP Group (NYSE:BHP), is reportedly preparing for a leadership transition as CEO Mike Henry's tenure approaches its expected conclusion. While no formal announcement has been made, company insiders suggested the board could initiate the succession process soon, with a...

Iron ore could be set for further declines, according to Goldman Sachs, which reiterated its short case after concluding field research in China, the largest global consumer of base metals. The investment bank visited six private steel mills in the Beijing/Tangshan region, evaluating sentiment...

Gold miners dominated mergers and acquisitions (M&A) activity in the metals and mining industry in 2024. Research by S&P Global Market Intelligence found that yellow metal deals accounted for 70% of the total transaction value. The report showed 62 gold-related transactions, compared to 47...

The global iron ore market could increase production over the next five years, with output surging as high as 2.92 billion tons by 2029. This trend could put additional pressure on leading exporters like Australia, whose currency has declined by around 20% against the U.S. dollar since 2015. Per...

Activist investor Palliser Capital has renewed its call for Rio Tinto (NYSE:RIO) to unify its dual-listed corporate structure, urging the miner to abandon its London listing in favor of an Australian one. Reuters reported that the London-based hedge fund sent a letter to Rio Tinto’s chairman...

Major tech firms, including Meta Platforms, Inc. (NASDAQ:META), ByteDance-owned TikTok, and Snap Inc.'s (NYSE:SNAP) Snapchat, are urging Australia to reconsider the exemption of YouTube, an online video sharing platform owned by Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, from its ban on...

On Monday, Australia’s online safety regulator fined messaging platform Telegram about 1 million Australian dollars ($640,000) for failing to respond on time to an inquiry into measures preventing the spread of child abuse and extremist content. What Happened: The eSafety Commission had...

Mitsui & Co. (OTC:MITSY) has announced an acquisition of a 40% stake in the Rhodes Ridge iron-ore project in Australia. The Japanese conglomerate, in which Warren Buffett holds an 8% stake, will acquire a 25% stake from VOC Group for $3.34 billion and a 15% stake from AMB Holdings for $2...