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Metal and mining
Rio Tinto's Latest Results and What They Mean for Its Shares
August 01, 2024 10:53 AM AEST| By Team Kalkine MediaRio Tinto Ltd,(ASX: RIO),captured significant attention from investors recently following the announcement of its impressive half-year results. The,mining giant's shares,experienced a notable surge of 2.5%, concluding the trading session at a price o...
Why ASX Fortescue Metals Shares Are Dipping?
July 30, 2024 05:51 PM AEST| By Team Kalkine MediaFortescue Metals Group Ltd,(ASX: FMG),, one of the largest iron ore mining companies globally, has seen its share price fall by approximately 9% recently. This decline follows a substantial sale of its shares, which has captured considerable market a...
Strategic Energy Resources Advances South Cobar Project with Expanded Drilling Program
July 30, 2024 05:48 PM AEST| By Team Kalkine MediaStrategic Energy Resources,(ASX: SER),is advancing its South Cobar project, situated on the eastern margin of the Rast Trough at the southern end of the Cobar Basin, a renowned polymetallic region in Australia. This project encompasses tenements that...
Fortescue (ASX:FMG) Shares Plummet After Discounted Block Trade
July 30, 2024 12:25 PM AEST| By Team Kalkine MediaShares of Australia's Fortescue Metals Group (,ASX:FMG,) fell 8.92% on Tuesday, reaching their lowest levels in 21 months. The decline was triggered by a discounted block trade worth AU$1.9 billion (approximately $1.24 billion). The stock dropped as...
BHP (ASX:BHP) Expands Copper Portfolio with Major Acquisition Despite Stock Dip
July 30, 2024 12:14 PM AEST| By Team Kalkine MediaBHP Group Ltd (,ASX:BHP,), often referred to as the "Big Australian," is making significant strides to expand its copper exposure. Despite the stock's early dip, falling 1.5% to AU$41.31 in morning trade on 30 July 2024, the company has announced a m...
IGO (ASX:IGO) Restructures Amidst Nickel Writedowns to Focus on Lithium Growth
July 30, 2024 12:10 PM AEST| By Team Kalkine MediaAustralian mining company IGO Limited (,ASX:IGO,) announced plans to streamline its executive team in response to recent nickel asset writedowns. The company, led by CEO Ivan Vella, is redirecting its focus towards enhancing lithium hydroxide product...
Jefferies Downgrades Mineral Resources’ (ASX: MIN) Price Target Amidst Rising Debt Concerns
July 29, 2024 06:09 PM AEST| By Team Kalkine MediaAnalysts at Jefferies have revised their price target for Australia’s Mineral Resources (ASX: MIN), lowering it to AU$55 from AU$60. Despite maintaining a "hold" rating on the stock, the brokerage has expressed significant concerns regarding the lith...
Australian Shares Up Nearly 1% on Strength of Miners and Banks
July 29, 2024 11:56 AM AEST| By Team Kalkine MediaHighlights:,Australian,Shares Up 0.9%,:,The S&P/ASX 200 index rose 0.9% to 7,994.1 points, led by gains in mining and banking stocks.,Mining,and Banking Boost,:,Rio Tinto (ASX: RIO) and BHP Group (ASX: BHP) climbed 1.4% and 0.8%, respectively, while...
Chinese Rare Earths Giant Plans Expansion into Australia
July 29, 2024 11:04 AM AEST| By Team Kalkine MediaHeadlines:,Shenghe's,Expansion Plans:,Chinese rare earths company,Shenghe,Resources is planning to set up an office in Australia, aiming to advance its local interests despite the Albanese government's resistance to increased Chinese investment in th...
Liontown Resources(ASX:Ltr) Shares Climb 5% Following Strong Quarterly Update
July 29, 2024 10:37 AM AEST| By Team Kalkine MediaHeadlines:,Price,Up:,Liontown,Resources shares rose,nearly 5%,to $1.01 after a strong quarterly update.,Project,Progress:,The Kathleen Valley Lithium Project is over 95% complete, with key milestones met and mining on schedule.,Funding,Secured:,The c...
ASX Mining Shares Struggle Despite Broader Market Rally
July 26, 2024 04:56 PM AEST| By Team Kalkine MediaWhile the S&P/ASX 200 Index enjoyed a positive Friday, up 0.76% to 7,921.30 points, several ASX shares are failing to follow suit. Here’s a closer look at why four notable stocks are facing declines despite the broader market’s upward trend.,Bellevue...
Why are shares of Northern Star (ASX:NST) on downfall today?
July 26, 2024 03:42 PM AEST| By Team Kalkine MediaShares of Australian gold miner Northern Star Resources (ASX:NST) experienced a significant decline on Friday, falling by as much as 3.7% to AU$13.75. The downturn in Northern Star Resources' share price follows a critical downgrade by Jefferies, whi...
Bellevue Gold (ASX:BGL) Announces A$150 Million Share Placement and Share Purchase Plan
July 26, 2024 11:13 AM AEST| By Team Kalkine MediaBellevue Gold Limited (,ASX:BGL,) has successfully secured firm commitments for a fully underwritten share placement, raising AU$150 million. The placement will issue new shares at AU$1.55 each, representing a 15.3% discount to the last closing price...
Critical Minerals (ASX:CMG) Updates on Lindfield Project and Future Plans
July 26, 2024 11:12 AM AEST| By Team Kalkine MediaCritical Minerals Group Limited (,ASX:CMG,) has reported a substantial increase in the Mineral Resource Estimate for its Lindfield Project, now totalling 713 million tonnes. This marks a remarkable 96% increase in the resource size, underscoring the...
Lithium Energy (ASX:LEL) Updates on Axon Graphite IPO and Leadership Team
July 26, 2024 10:32 AM AEST| By Team Kalkine MediaLithium Energy Limited (,ASX:LEL,) has provided an update on the spinout of its high-grade natural graphite assets into a new entity, Axon Graphite Limited, in partnership with NOVONIX Limited (,ASX:NVX,). The new company, Axon Graphite (proposed ASX...
Jefferies Lowers Price Target for Northern Star (ASX:NST), Downgrades Rating
July 26, 2024 10:10 AM AEST| By Team Kalkine MediaAnalysts at Jefferies have revised their outlook for Australia's Northern Star Resources (,ASX:NST,), lowering the price target from AU$16 to AU$15. The brokerage has also downgraded the rating for the gold explorer from "buy" to "hold." This adjustm...
Fortescue (ASX: FMG) Faces Steep Decline Amidst Disappointing Energy Investment Plans
July 25, 2024 06:47 PM AEST| By Team Kalkine MediaFortescue Metals Group Ltd (ASX:FMG) encountered a significant downturn in its stock price, plummeting by as much as 5.5% to AU$20.14, marking its lowest level since September 22, 2023. The company, known as the world's fourth-largest iron ore miner,...
Northern Star Resources (ASX:NST) Closed Red on Thursday- Here’s Why?
July 25, 2024 06:45 PM AEST| By Team Kalkine MediaNorthern Star Resources Ltd (ASX:NST) encountered a challenging Thursday as its shares dipped by as much as 0.42%, settling at AU$14.29. The gold explorer's stumble followed the revelation of its ambitious growth capital expenditure plans for FY25, w...
Why is Newmont Corp (ASX:NEM) Shining Bright on ASX Today?
July 25, 2024 02:51 PM AEST| By Team Kalkine MediaInvestors in the ASX 200 have set their sights on Newmont Corp (ASX: NEM) today, driving its share price to new heights. The gold stock, part of the S&P/ASX 200 Index, closed yesterday at AU$71.40 but has surged to AU$72.27 per share by midday Thursd...
Fortescue (ASX:FMG) Anticipates Increased Iron Ore Shipments for FY25
July 25, 2024 10:35 AM AEST| By Team Kalkine MediaFortescue Metals Group (,ASX:FMG,), the world’s fourth-largest iron ore producer, reported a record 20% sequential increase in shipments during the fourth quarter of FY24. The company shipped 50.8 million tonnes (Mt) of iron ore, surpassing the previ...
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