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Why are Whitehaven (ASX:WHX) shares falling despite rising coal prices?
June 17, 2022 05:48 PM AEST| By Sukriti NairHighlights Coal producer Whitehaven Coal Ltd’s shares fell nearly 6% on Friday The stock has fallen nearly 7% in this week Fresh Covid-19 restrictions announced in major Chinese cities have clouded demand outlook for coal Whitehaven.....
BHP Group (ASX:BHP) to cease mining at NSW’s largest coal mine by 2030
June 17, 2022 12:32 PM AEST| By Sonal GoyalHighlights BHP has consent to mine at New South Wales Energy Coal by 2026 and seeks to extend approval by 2030. The company retains the NSW’s coal mine as it did not find any viable offer. BHP shares dipped by around 2% to trade at AU$42.....
How are Lynas Rare Earths (ASX:LYC) shares faring today?
June 17, 2022 12:18 PM AEST| By Bhawna GuptaHighlights On the sectoral front, all 11 sectors are lower today (June 17). Shares of Lynas were trading 4.38% lower at AU$8.52 each on ASX. The S&P/ASX 200 is sharply lower today, dropping 155.90 points or 2.37% to 6,435.20 at 11.29 A.....
Fortescue (ASX:FMG) shares open in red today, here’s why
June 17, 2022 12:11 PM AEST| By RitwikaHighlights Fortescue shares plunged as a result of the rising volatility due to rising inflation in the US. The US inflation is likely to stay longer than expected. Fortescue shares were also affected by the sectoral performance to.....
RNU, RSG: Why these ASX mining shares rose over 10% yesterday
June 17, 2022 08:52 AM AEST| By Ashishes. Australian shares ended in the red on Thursday despite starting the session on a positive note after Wall Street’s rally in overnight trade. The benchmark ASX 200 ended 0.15% lower at 6,591.10. However, the ASX 200 Resources (ASX:XJR...
Core Lithium (ASX:CXO) shares grabbed investors’ attention today, here’s why
June 16, 2022 04:23 PM AEST| By Priyanka PayalHighlights Core Lithium Ltd shares traded 7.173% higher at AU$1.232 per share on ASX at 2:33 PM AEST on Thursday (16 June). Shares of another Lithium player, Lake Resources traded 10.855% higher at AU$1.685 per share on ASX at 2:53 PM AEST toda.....
Sayona Mining (ASX:SYA) shares trading in green today, here's why
June 16, 2022 03:40 PM AEST| By Bhawna GuptaHighlights ASX 200 Materials Index was 0.65% up at 16,960.00 points at 2.12 PM AEST today. Materials was one of the best performing sectors today as of now. Sayona is on its way to become North America's first native spodumene producer. F.....
Here’s why Coronado (ASX:CRN) shares are on investors’ radar today
June 16, 2022 12:57 PM AEST| By RitwikaHighlights Coronado shares gained nearly 6% with massive volumes today Including today’s gains, Coronado shares have rallied over 141% on the ASX over the past 12 months The company is popularly known for being the largest pr.....
Bubs (ASX:BUB) expands US presence, becomes supplier to Walmart
June 16, 2022 11:20 AM AEST| By Sukriti NairBubs Australia Limited (ASX:BUB), has entered into an agreement with Walmart Inc. (Walmart) furthering its retail footprint in US. Under the agreement, Walmart is to purchase a shipment of six Bubs® Infant Formula products and two Aussie Bubs&t.....
Here’s why Northern Star (ASX:NST) is on investors’ radar today
June 15, 2022 07:29 PM AEST| By RitwikaHighlights Northern Star completed selling two of its gold mining assets to Black Cat. The transaction cost has been quoted around AU$44.5 million. As a result, NST garnered significant investors’ attention on the ASX today. The sha.....
The price of This lithium stock jumped 35% higher today, here’s why
June 15, 2022 05:03 PM AEST| By Priyanka PayalLithium Plus Minerals Limited's (ASX:LPM) share price jumped as high as 35.593% on Wednesday (15 June) at 1:39 PM AEST today after the company announced the commencement of drilling activities in the coming weeks. The ASX-listed Lithium exploratio.....
How is Fortescue (ASX:FMG) share price moving today?
June 15, 2022 01:04 PM AEST| By Sukriti NairHighlights Fortescue Metals share price is up over 2.5% today (15 June, 11:34 AM AEST). The Metals and mining sector index (XMM) is also up 0.27%. FMG share price is often influenced by the iron ore prices and the Aussie dollar rate. The .....
Rio Tinto (ASX:RIO) brings online its first greenfield iron mine in WA
June 15, 2022 11:40 AM AEST| By Sukriti NairHighlights Rio Tinto delivers first ore from the Gudai-Darri iron ore mine. Gudai-Darri is Rio’s first greenfield mine in Pilbara, Western Australia, in over a decade. RIO shares have gained almost 13% in past six months. After over.....
Lynas (ASX:LYC) to establish operating footprint in the US with US$120M contract
June 14, 2022 07:09 PM AEST| By Sonal GoyalHighlights Lynas has signed a contract with the US Department of Defense. Under the contract, Lynas will be establishing Heavy Rare Earths (HRE) separation facility in the US. In last five years, Lynas shares have gained more than 800%. S.....
Westgold (ASX:WGX) delivers record gold production in May 2022; shares gain
June 14, 2022 12:52 PM AEST| By RitwikaHighlights Westgold is progressing steadily to achieve its full-year production guidance. The company has reported 25,100oz of gold production in May 2022. Shares of Westgold gained on the ASX post this announcement. The.....
How digital transformation can help miners overcome ongoing industry challenges?
June 12, 2022 12:15 AM AEST| By Arpit VermaHighlights Mining companies are trying their best to optimise the process by implementing advanced mining practices. Digital transformation is geared up to facelift the entire mining industry. The companies that embrace digitisation hold chanc.....
Why are Novonix (ASX:NVX) shares grabbing investors’ attention today?
June 10, 2022 06:48 PM AEST| By Priyanka PayalHighlights Novonix Limited shares traded 3.416% lower at AU$3.110 per share on ASX at 2:26 PM AEST. The shares of the other two battery materials producers, Pilbara Minerals Limited (ASX:PLS), and Liontown Resources Limited (ASX:LTR) were down .....
How did Core Lithium (ASX:CXO) stock perform on YTD basis?
June 09, 2022 05:39 PM AEST| By Bhawna GuptaCore Lithium Ltd (ASX:CXO) aims to become Australia's next lithium producer, with the Finniss Lithium Project near Darwin Port in the Northern Territory. Finniss is one of Australia's most capital-efficient and low-cost spodumene lithium projects. .....
ASX uranium stocks in focus amid rising interest in nuclear energy
June 09, 2022 05:04 PM AEST| By Nitish KumarHighlights Uranium prices have gained nearly 40% in 2022 so far from their average price of US$36.5 in 2021. Nearly 10% of global electricity is generated from nuclear power plants. Nuclear energy represents a clean alternative for the product.....
Boral (ASX:BLD) appoints Vik Bansal as CEO and MD; shares rise
June 08, 2022 01:43 PM AEST| By Sonal GoyalHighlights Boral Limited has appointed Vik Bansal as its new CEO and managing director. Zlatko Todorcevski is the present CEO of Boral. Boral shares jumped by 15% on the ASX today, outperforming its benchmark index. Australian supplier of.....
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