Metal and mining

Shares of South32 (ASX: S32) Records 1.49% Dip on Monday. Here’s why.
March 04, 2024 02:11 PM AEDT| By Team Kalkine MediaThe financial market witnessed a minor setback as the shares of Australia's South32 (,ASX: S32,) experienced a modest 1.49% dip, reaching AU$2.98 apiece. This underperformance, particularly in the broader mining sub-index (AXMM), raises eyebrows but...

What’s behind rise in BHP Group (ASX: BHP) Shares on Friday
March 01, 2024 11:50 AM AEDT| By Team Kalkine MediaIn a noteworthy turn of events, BHP Group Ltd (,ASX: BHP,) has experienced a morning uptick, witnessing a 0.73% rise to AU$44.25 in early trade. This surge is attributed to multiple factors, including a positive performance of its NYSE-listed shares...

Why are shares of South32 (ASX: S32) on investor’s radar?
March 01, 2024 11:43 AM AEDT| By Team Kalkine MediaIn a striking turn of events, the shares of South32 (,ASX: S32,) are witnessing a significant upswing, marking a notable 2% increase for the week.,Today's trading has seen a drop of 0.5% to reach AU$2.95 apiece. This immediate positive reaction in th...

South32's (ASX: S32) Stocks Soar 4% Amidst Major Deal
February 29, 2024 06:20 PM AEDT| By Team Kalkine MediaIn a significant market move, shares of South32 (,ASX: S32,) witnessed an impressive rise of 4.61% on Thursday, reaching AU$2.95 apiece. This surge follows the diversified miner's announcement of a strategic deal involving its flagship Illawarra Meta...

Lynas (ASX: LYC) reports better-than-expected half-year profits
February 26, 2024 07:02 PM AEDT| By Team Kalkine MediaAustralia's Lynas (,ASX: LYC,), the world's largest rare-earths producer outside China, has defied market challenges with a better-than-expected half-year profit announcement. Despite grappling with weak commodity prices and sluggish demand in China,...

Alumina Ltd (ASX: AWC) Shares up 6.86% on Monday Amidst AU$3.3B Takeover Bid
February 26, 2024 06:53 PM AEDT| By Team Kalkine MediaAlumina Ltd (,ASX: AWC,) has experienced a significant uptick in its shares on 26 February 2024, witnessing a remarkable 6.86% increase in value. This surge follows the news of a substantial takeover bid from its joint venture partner, Alcoa Corp (NY...

CSR (ASX: CSR) receives AU$4.30B takeover offer, shares jump
February 22, 2024 11:48 AM AEDT| By Team Kalkine MediaIn a significant development, Australian building materials firm CSR Ltd (,ASX: CSR,), has received a substantial non-binding takeover proposal from French construction materials giant Saint-Gobain SGOB.PA. This proposal, amounting to a noteworthy Au...

Fortescue (ASX: FMG) reports 41% surge in half-year profit
February 22, 2024 11:41 AM AEDT| By Team Kalkine MediaIn a remarkable financial stride, Australia's Fortescue Ltd (,ASX: FMG,) announced a staggering 41% jump in its half-year profit. The world's fourth-largest iron ore miner showcased resilience and strategic prowess in navigating a dynamic market. Let...

Orica's (ASX: ORI) Aims to Acquire Cyanco Intermediate 4 Corp for AU$640M
February 21, 2024 06:30 PM AEDT| By Team Kalkine MediaIn a strategic move, Australia's leading mining chemicals maker, Orica (,ASX: ORI,), announced its intention to acquire the entire stake of U.S.-based sodium cyanide manufacturer Cyanco Intermediate 4 Corp. This significant acquisition is valued at A...

A look at BHP Group’s (ASX: BHP) half-yearly results
February 20, 2024 06:11 PM AEDT| By Team Kalkine MediaIn the dynamic landscape of financial markets, BHP Group Ltd (,ASX: BHP,) has recently faced a dip in its share prices. On 20 February 2024, the mining giant's shares dropped by nearly 1% to AU$45.54. This downturn follows the release of BHP's half-y...

What are the factors behind fall in BlueScope Steel’s (ASX: BSL) shares?
February 19, 2024 06:48 PM AEDT| By Team Kalkine MediaIn a surprising turn of events, BlueScope Steel (,ASX: BSL,) witnessed a significant decline of 2.28% on 19 February 2024, reaching AU$22.33.,Understanding 1H24 Financial Performance,Delving into BlueScope Steel's financials for the first half of 202...

By 2026, will Fortescue stock surpass CBA's value?
February 19, 2024 06:34 PM AEDT| By Team Kalkine MediaFortescue Ltd (,ASX: FMG,) has been on a remarkable trajectory, with its stock price experiencing significant gains in recent months. But could this giant,ASX mining stocks,potentially eclipse the Commonwealth Bank of Australia (ASX: CBA) in terms of...

BHP boosts provision for Brazilian dam disaster by US$2.8 billion
February 16, 2024 07:20 PM AEDT| By Team Kalkine MediaBHP's Brazilian subsidiary has increased its provision for the 2015 Samarco dam disaster by 75% to US$6.5 billion ($10 billion) after a recent court decision against the company and its joint venture partners. The Federal Court in Brazil found Samarc...

Morgan Stanley analysts favor Rio Tinto over BHP.
February 16, 2024 07:18 PM AEDT| By Team Kalkine MediaBHP (,ASX: BHP,) has long been regarded as a mining powerhouse capable of weathering various challenges, from adverse weather conditions to legal disputes. However, recent developments suggest that even BHP may face significant hurdles.,On Thursday,...

ASX mining shares rise as Labor plans multibillion renewables investment
February 16, 2024 04:37 PM AEDT| By Team Kalkine MediaToday, Australia's major,mining stocks,are on the rise, echoing the positive momentum of the S&P/ASX 200 Index (ASX: XJO) on Friday.,As of the latest update, the ASX 200 has seen a 0.43% increase.,Leading the charge among ASX-listed mining giants are...
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PolyNovo (ASX: PNV) secures largest single order, shares jump
February 16, 2024 12:20 PM AEDT| By Team Kalkine MediaShares of PolyNovo (,ASX: PNV,) have witnessed a surge of 3.8% on Friday morning, reaching AU$2.040. This remarkable trajectory is attributed to the medical device maker's recent announcement of securing its largest single order, a significant milest...

Whitehaven share price plummets on plunging half-year revenue
February 15, 2024 06:35 PM AEDT| By Team Kalkine MediaThe share price of Whitehaven Coal Ltd (,ASX: WHC,) is experiencing a sharp decline today, dropping by 6.4% to $7.03 from the previous day's close of $7.51. This significant downturn comes on the heels of the release of Whitehaven's half-year results...

South32's share price soars as ASX 200 miner approves US$2.2 billion project.
February 15, 2024 06:25 PM AEDT| By Team Kalkine MediaThe South32 Limited (,ASX: S32,) share price is showing resilience today, trading in the green despite the company reporting a decline in profits for the first half of the fiscal year ending 31 December (H1 FY 2024).,ASX mining stocks,, including Sou...

BHP shares decline due to multi-billion profit loss from nickel and Samarco
February 15, 2024 04:43 PM AEDT| By Team Kalkine MediaOn Thursday morning, BHP Group Ltd (,ASX: BHP,) witnessed a decline in its shares, down by 1.5% to $45.25. This drop follows the company's revelation of several exceptional items set to impact its upcoming half-year results.,What's Behind the Decline...

Why are Whitehaven Coal (ASX: WHC) shares trading in red on Thursday?
February 15, 2024 01:11 PM AEDT| By Team Kalkine MediaThe stock market is a dynamic arena, and today, Whitehaven Coal Ltd (,ASX: WHC,) is in the spotlight as its share price takes a noticeable dip on 15 February 2024, down by 5.13% from the previous day's close to trade at AU$7.12 apiece. As investors r...

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