IGO

The administrators of Panoramic Resources will suspend operations at its Savannah nickel mine in the Kimberley region, resulting in immediate redundancies for hundreds of staff.

It has been a torrid start to 2024 for WA's nickel miners as ESG credentials appear to take a backseat to low prices for some manufacturers amid global cost of living pressures.

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.

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.

South32 has launched legal action against IGO, claiming it was owed $122 million in royalties from the Tropicana goldmine operations since 2014.

Mark Beyer and Mark Pownall discuss Basil Zempilas; Waterbank; Nicola Forrest; Brian Anderson; house prices and interest rates; and Ivan Vella's IGO saga.

Project scale-backs and mine closures have put jobs in the spotlight but the headline figures only tell part of the story.

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.

A delegation including Tesla, Forrest empire nickel business Wyloo Metals and lithium producer Pilbara Minerals has met with the federal government over a battery metals production tax credit.

Western Australia will lose its shine as a critical minerals jurisdiction if efforts aren’t made to keep up with global trends, according to the head of Tianqi Lithium Energy Australia.

The owner of Australia's largest lithium mine has defied a fall in the commodity’s price to post a near-doubling in full-year profit to $6.28 billion.

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.

ASX-listed miner IGO Limited has announced two new appointments to its executive leadership team, onboarding Marie Bourgoin and Brett Salt.

WA nickel producers will be unable to apply for a royalty relief package announced in February if the price of the commodity remains at its current level.

Regis Resources has applied to join IGO in the legal action South32 launched over a $122 million royalty dispute from the Tropicana gold mine proceeds.

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.

Draft eligibility guidelines for the government's $13 billion critical minerals downstream production tax credits have opened the door for Chinese-owned producers.

Kwinana’s major industrial players are calling for action ahead of a critical election year in 2025.

ANALYSIS: When Mark McGowan launched the $750 million Resources Community Investment Initiative more than 18 months ago, nobody expected an upgrade of Paraburdoo hospital would be its inaugural project.

Nickel miner Igo and Andrew Forrest’s Wyloo Metals have paused progressing a battery materials facility in Kwinana amid current market conditions.

IGO is preparing to write down the value of two of its nickel exploration assets by up to $295 million, marking another blow for the miner amid depressed market conditions.

Perenti’s underground contracting division, Barminco, has secured $160 million worth of work that includes a contract from Spartan Resources.

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.

Mark Beyer and Mark Pownall discuss the week in lithium; construction issues; Fortescue’s share price tumble; inflationary data; interest rates; house prices; CFMEU action; and Rex’s plight.

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 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'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.

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.

Underground mining services contractor Barminco has won a $157 million contract extension at IGO’s Nova nickel mine, which is entering its final years.

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.

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.

BGC has started construction on tens of millions of dollars’ worth of infrastructure in a bid to start producing “green cement” after inking a deal with a lithium heavyweight.

Critical minerals miner IGO has taken up a majority stake in a copper project in northern Western Australia after pouring $15 million into exploration.

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.

IGO and joint venture partner Tianqi have called tools down on work and activities on the expansion of the troubled lithium hydroxide plant in Kwinana ahead of a forewarned write-down on the asset.

An impending impairment against IGO’s ailing Kwinana refinery and end of mine life challenges at its last standing nickel asset took the shine off the critical minerals miner’s financials.

IGO has gutted the value of its troubled Kwinana refinery after a recording a significant $525 million impairment against the ailing joint venture asset.

OPINION: It’s becoming obvious Australia has an energy problem as it continues a total focus on renewables.

Medallion Metals has received an influx of offtake interest in its Ravensthorpe copper-gold asset after the market learnt of its possible deal with critical minerals miner IGO.