Stock Market

How leading ASX-listed iron ore miners are performing amid falling iron ore prices

Falling iron ore prices

Highlights Iron ore prices dropped significantly as a result of China’s initiative to limit steel production. The country has produced 83.24Mt of crude steel in August, registering a drop of 13.2%. Yunnan province of China has recently i...

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Manuka (ASX:MKR) presents record results for two months in a row

Manuka (ASX:MKR) presents record results for two months in a row

The ASX-listed gold and silver mining and exploration company Manuka Resources Ltd (ASX:MKR) announced a record month of gold sales and profitability from its Mt Boppy operation.                   ...

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Here’s why Lynas Rare Earth (ASX:LYC) is trading higher

Here’s why Lynas Rare Earth (ASX:LYC) is trading higher

Highlights Lynas Rare Earths Limited (ASX:LYC) has gained around ~28% in the last three months on the back of a strong FY2021. LYC’s net profit during the financial year jumped by more than 700% as compared to previous financial year. In...

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How did Elementos (ASX:ELT) debt closure affect share prices?

How did Elementos (ASX:ELT) debt closure affect share prices?

n the ASX. Highlights All of ELT’s existing loan facilities have been closed or converted into equity. Elementos has ceased to be a reporting issuer in Canada. Further, ELT’s Oropesa resource estimate is on track for delivery in O...

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BHP Group (ASX:BHP) contributes A$34.1 billion to the Australian economy in FY21

BHP Group (ASX:BHP) contributes A$34.1 billion to the Australian economy in FY21

In an announcement on Wednesday, the ASX-listed global resources company BHP Group Limited (ASX:BHP) has revealed its contributions to the Australian economy. The Company has mentioned that it has invested AU$34.1 billion in the Australian economy ...

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Why shares of Pan Asia Metals Limited (ASX:PAM) closed ~20% up today?

Why shares of Pan Asia Metals Limited (ASX:PAM) closed ~20% up today?

Highlights  The share price of Pan Asia Metals Limited (ASX:PAM) skyrocketed by 42.48% on Tuesday during intraday trading. The company has encountered significant lithium mineralisation at its Reung Kiet Lithium project, located in Thailan...

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TNT Mines (ASX:TIN) to acquire Mt Ida Gold & Copper Project, shares gain upto 23%

TNT Mines (ASX:TIN) to acquire Mt Ida Gold & Copper Project, shares gain upto 23%

Highlights TNT Mines has concluded a non-binding agreement with Ora Banda Mining Ltd to acquire the Mt Ida gold/copper project. Mt Ida Gold Pty Ltd, is a fully owned subsidiary of Ora Banda Mining Ltd. The shares of the stock posted huge gains...

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Here’s why Alumina Limited’s (ASX:AWC) shares are trending today

Here’s why Alumina Limited’s (ASX:AWC) shares are trending today

Shares of the world’s largest alumina and bauxite producer, Alumina Limited (ASX:AWC), are currently trading near 18-month high levels. Shares of the company surged by 14.04% in the last five days to trade at AU$2.035 per share as of Tuesday ...

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Mastermyne (ASX:MYE) acquires mining services company PYBAR

Mastermyne (ASX:MYE) acquires mining services company PYBAR

Highlights Mastermyne will be acquiring 100% shares in PYBAR mining services company. The acquisition consideration is payable in cash and scrips; it shall be EPS accretive. The transaction is expected to enable a diversified service base to the...

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What’s behind Sayona Mining’s (ASX:SYA) wild 1500% rally in the past year?

What’s behind Sayona Mining’s (ASX:SYA) wild 1500% rally in the past year?

Highlights Shares of Sayona Mining have increased by a whopping 1500% over the past year. SYA has been in pursuit of its growth and expansion plans for advancing its land assets. The miner has a slew of notable activities planned to be underta...

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Eastern Iron (ASX:EFE) gains over 123% on Lithium project MOU

Eastern Iron (ASX:EFE) gains over 123% on Lithium project MOU

Iron focused resource developer Eastern Iron Limited (ASX:EFE) shares skyrocketed on the ASX today. It is a result of EFE's MOU with Ya Hua International Investment and Development Co. Ltd for strategic acquisition and development of lithium projects...

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