Michał Rogucki

Michał Rogucki

Michał Rogucki is a senior markets reporter at TS2.tech. His coverage ranges from stocks and technology to economic developments affecting global markets. He graduated from Humboldt University of Berlin and worked in investment research and market analysis before becoming a financial journalist.

Rio Tinto plc seals A$1.1 billion Pilbara water deal as Dampier desalination expands

Rio Tinto plc seals A$1.1 billion Pilbara water deal as Dampier desalination expands

Rio Tinto has signed on for a 50:50 joint venture with the Western Australian government, committing A$1.1 billion to build a seawater desalination plant near Dampier. The project targets increased water supply for Pilbara towns and industry while cutting back on groundwater reliance. “Water is a scarce resource, especially in the Pilbara,” Rio Tinto iron ore chief executive Matthew Holcz said.
5 March 2026
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Barclays faces a £500 million MFS exposure as lenders hunt for answers

Barclays faces a £500 million MFS exposure as lenders hunt for answers

Barclays PLC is on the hook for about 500 million pounds from companies linked to Market Financial Solutions, according to a Bloomberg News report. That figure, one of the largest claims in the UK lender’s collapse, comes in below the roughly 600 million pounds a judge had cited earlier. For comparison, Apollo Global Management’s Atlas SP Partners is owed around 400 million pounds, while Elliott Investment Management is looking at a claim of about 200 million pounds, Bloomberg said.
5 March 2026
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Malaysia steps in to calm Lynas fears after US minerals deals — what changes and what doesn’t

Malaysia steps in to calm Lynas fears after US minerals deals — what changes and what doesn’t

Malaysia’s Investment, Trade and Industry Ministry insisted that its Agreement on Reciprocal Trade and the critical minerals memorandum with the United States won’t interfere with the government’s technical enforcement on Lynas Rare Earths Limited’s local operations. “This agreement includes fair and equitable treatment for investors,” the ministry told the Dewan Negara, but stressed that projects are still subject to environmental, social and governance requirements. The ministry also noted that talks between state investor Khazanah Nasional and Chinese firms on rare earths are still preliminary—no deal has been finalized.
5 March 2026
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Coles faces fresh heat over Palantir tie as GetUp petition forces response

Coles faces fresh heat over Palantir tie as GetUp petition forces response

Coles Group Ltd confirmed it relies on Palantir’s software for business analytics and internal planning, following a fresh petition from activist group GetUp pushing the retailer to drop the U.S. data firm amid surveillance worries. A Coles spokesperson said the system is used by staff for bakery output planning, rostering, and assessing the impact of promotions. Palantir, for its part, maintains its software is restricted to processing data as directed by clients.
5 March 2026
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South32 CEO maps a sharper base-metals push as Mozal shutdown nears

South32 CEO maps a sharper base-metals push as Mozal shutdown nears

South32 Ltd is accelerating its shift toward base metals, Chief Executive Graham Kerr said, pointing to a portfolio increasingly weighted to North America. The miner is navigating both the upcoming closure of its aluminium smelter in Mozambique and a leadership change. “I think most people are looking for pure plays,” Kerr said. If the current strategy works out, he expects “roughly 90%” of the company’s production will be tied to base metals and exploration.
5 March 2026
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PLS Group’s new gender pay gap numbers show a setback after layoffs and an idled plant

PLS Group’s new gender pay gap numbers show a setback after layoffs and an idled plant

PLS Group Limited reported its median total remuneration gender pay gap in Australia widened to 15.2% for 2024–25, up from 11.1% previously. The lithium producer attributed the shift, which followed job cuts in corporate roles and the decision to put one processing plant into care and maintenance, to changes in workforce composition. The company said the average total remuneration gap came in at 14.1%, adding that most of the gap stemmed from mix, not disparities in pay for equivalent jobs.
5 March 2026
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National Australia Bank says offset accounts are booming as rate-hike talk returns

National Australia Bank says offset accounts are booming as rate-hike talk returns

National Australia Bank Limited reported Wednesday that close to 75% of its home-loan customers are now using offset accounts. The bank also pointed to a 98% jump in the number of offset accounts linked to new mortgages held by borrowers under 35, compared with a year ago. For a $500,000 loan at 5.42% over 30 years, NAB estimates an offset account can shave about $74,000 off the total interest bill. Home lending executive Denton Pugh described these accounts as a way to save “without needing big lifestyle changes.”
5 March 2026
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Woodside Energy directors buy more shares at $28 as CEO decision nears

Woodside Energy directors buy more shares at $28 as CEO decision nears

Woodside Energy Group Ltd reported that its Non-Executive Directors’ Share Plan trustee snapped up 4,772 shares on market on Feb. 26, paying $28.1341 each. The purchase bumped up indirect holdings for seven non-executive directors, according to Appendix 3Y filings. Benjamin Sana Wyatt picked up 1,116 shares, Arnaud Breuillac took 900, Ashok Belani and Angela Minas each received 846, Lawrence Eben Archibald got 560, Swee Chen Goh 334, and Ian Elgin Macfarlane 170. The notices noted the interests weren’t traded in a closed period.
5 March 2026
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