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Top Australian Mining News

PM reveals rescue deal for power-hungry Tomago smelter

Anthony Albanese · Tomago

PM reveals rescue deal for power-hungry Tomago smelter

53% Left coverage: 15 sources

Tomago Aluminium, whose majority owner is mining giant Rio Tinto, has been locked in make-or-break negotiations with state and federal governments for months.See the Story

Fortescue Joins Copper Rush with $152m Alta Takeover

Fortescue Joins Copper Rush with $152m Alta Takeover

100% Right coverage: 2 sources

Andrew Forrest’s Fortescue will buy the rest of the shares it doesn’t already own in Peru-focused copper play Alta Copper in a cash deal that puts a $152 million price tag on the target.See the Story

Westgold Unveils Spin-Out of Non-Core Reedy and Comet Gold Assets

IPO · Docklands

Westgold Unveils Spin-Out of Non-Core Reedy and Comet Gold Assets

The Westgold Resources Ltd (ASX: WGX) share price is in focus after the company announced plans to spin out its non-core Reedy and Comet gold projects into a new standalone vehicle, Valiant Gold Limited, with an associated IPO in Q3 FY26. Key highlights include a proposed $65â$75 million Valiant IPO and Westgold's retention of a significant equity stake in the new entity. What did Westgold Resources report? Westgold to demerge its non-core Re…See the Story

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