Why WA’s border decision might hurt mining giants

Highlights Western Australia has indefinitely shut its borders due to rising cases of the Omicron variant of coronavirus. The state’s decision to shut the borders may worsen the challenges faced by the country’s mining industry. Va...

Fortescue (ASX:FMG) shares dip despite record iron ore shipments

Australia's Iron ore giant Fortescue Metals Group Ltd (ASX:FMG) shares witnessed selling pressure on the ASX today. Despite reporting a strong December quarter and a record half-yearly iron ore shipment, FMG shares have plunged. As of 12:...

Why Iluka (ASX:ILU) shares are down over 3% today

  • Jan 25, 2022 AEDT
  • Samta

Highlights Strong demand for Iluka’s products accelerated sales in the December quarter across all markets.  Net cash stood at AU$295 million as of 31 December 2021. Solid demand for high-grade feedstocks supported rutile and synthe...

Rio Tinto (ASX:RIO) to advance Mongolian Oyu Tolgoi copper project

Highlights RIO revamps its Oyu Tolgoi project dynamics. The Mongolian government and TRQ resolve the dispute with RIO. RIO shares continue to trade in red on the ASX. Rio Tinto Limited (ASX:RIO) has resolved its ongoing disputes with its'...

Why South32 (ASX:S32) shares ended 4% lower today

Highlights Shares of mining and metals giant South32 Limited closed 3.7% lower at AU$3.94 on Monday. Its metallurgical coal production declined 15% annually to 2767kt in 1HFY22. The company said the COVID-19 pandemic impacted its operations an...

Why Argonaut Resources’ (ASX:ARE) shares plummeted to half their value

Highlights Argonaut Resources Limited (ASX:ARE) has appealed against the grant of a new licence over its Lumwana West project to a newly registered company. The licence area contains Argonaut’s Nyungu copper-cobalt deposit, and the miner ...

Fortescue makes another green move, buys Williams Advanced Engineering

Highlights Fortescue Metals signs agreement to acquire 100% of Williams Advanced Engineering Limited (WAE) from EMK Capital and Williams Grand Prix Engineering Limited for roughly US$223 million. The transaction is likely to be completed by the...

Why Vulcan Energy (ASX:VUL) is trading lower today

Shares of Vulcan Energy Resources Limited’s (ASX:VUL) continued its free fall on the ASX today. VUL’s share price, has taken a 3.71% dip witnessing share sell-off on ASX today. Continuing losses, VUL shares have reached AU$9.070 each, a...

Why Regis (ASX:REG) lowered its full-year production guidance

 Highlights Regis Resources has lowered its production guidance for the full year. The company expects a rise in production in the second half of the current year. At 10:18 AM (AEST), the stock was trading at AU$1.78, down nearly 2%. ...

Five hot trends likely to dominate mining industry in 2022

Highlights The mining industry is responsible for almost 4-7% of global greenhouse emissions. ESG has become a hot topic for the mining industry, thanks to investors and shareholders’ increasing attention. Digitisation can play a signifi...