Metal and mining
Why are BHP (ASX: BHP) Shares Falling today?
June 26, 2024 03:27 PM AEST| By Team Kalkine MediaShares of BHP Group Ltd (,ASX: BHP,) have taken a hit on Wednesday with a modest drop of nearly 0.20% to AU$43.24 at the time of writing. This decline comes in the wake of the company’s latest decarbonisation update, which outlines significant progre...
Pilbara Minerals (ASX: PLS) Unveils $799M Expansion Plan to Double Lithium Production
June 21, 2024 03:11 PM AEST| By Team Kalkine MediaPilbara Minerals (,ASX: PLS,), Australia's leading independent lithium producer, has revealed an ambitious AU$1.2 billion ($799.2 million) plan to double its lithium spodumene production capacity at the Pilgangoora operation in Western Australia. Thi...
Shares of Pilbara Minerals (ASX: PLS) Experience Downturn Following CapEx Announcement
June 21, 2024 02:30 PM AEST| By Team Kalkine MediaShares of Pilbara Minerals (,ASX: PLS,) experienced a notable decline on Friday, dropping as much as 3.59% to AU$3.08 apiece. This marks the third consecutive day of losses for Australia's largest independent lithium producer, reflecting a challengin...
Understanding Alumina Limited's (ASX: AWC) Shareholder Dynamics and Market Influence
June 20, 2024 04:12 PM AEST| By Team Kalkine MediaAlumina Limited (,ASX: AWC,), a significant player in the global alumina industry, draws attention not only for its operational prowess but also for the dynamics of its shareholder base, particularly institutional ownership, which holds a substantial...
Mineral Resources (ASX: MIN) Faces Share Price Decline Amid Yilgarn Hub Closure
June 20, 2024 03:56 PM AEST| By Team Kalkine MediaMineral Resources Ltd (,ASX: MIN,), a prominent player in the mining and mining services sector, witnessed a decline in its share price on Thursday morning, slipping by 1% to AU$60.00. The downturn follows a significant announcement released after ma...
Fortescue Ltd (ASX: FMG) Shares Slump Amid
June 18, 2024 01:49 PM AEST| By Team Kalkine MediaShares of Fortescue Ltd (,ASX: FMG,), Australia's prominent iron ore producer, experienced a sharp decline today, plummeting as much as 4.32% to AU$21.985. The slump has positioned FMG as the top loser in the ASX 200 benchmark index (AXJO), reflectin...
BCI Minerals (ASX: BCI) to Sell Iron Valley Iron Ore Assets to Polaris Metals
June 18, 2024 01:45 PM AEST| By Team Kalkine MediaBCI Minerals Limited (,ASX: BCI,) has announced a pivotal agreement involving its subsidiary Iron Valley Pty Ltd (IVPL), which has entered into a binding deal to sell its Iron Valley iron ore assets to Polaris Metals Pty Ltd, a wholly-owned subsidiar...
AltynGold PLC’s (LSE: ALTN) Revenue Surges 41% in Q1FY24 Driven by Higher Production and Sales Price
June 14, 2024 06:49 PM AEST| By Team Kalkine MediaHighlights,In FY23, ALTN’s revenue stood at USD 64 million, marking a growth of 3.2% compared to FY22,ALTN had a higher net margin of 22.7% and a higher fixed asset turnover ratio of 0.61x in H2FY23 compared to the industry median of 1% and 0.51x, re...
Two ASX-listed shares that closed lower on Friday
June 14, 2024 05:17 PM AEST| By Team Kalkine MediaThe trading week concluded on a somber note for several ASX shares, as the S&P/ASX 200 Index experienced a downturn, slipping by 0.3% to 7,724.3 points in Friday. Here's a closer look at two ASX-listed companies that faced declines today:,Core Lithiu...
Nickel Industries (ASX: NIC) Unaffected by Government’s Regulatory Decision on High-Grade Nickel Ore Processing
June 14, 2024 02:51 PM AEST| By Team Kalkine MediaThe Ministry of Energy and Mineral Resources has announced a significant regulatory decision affecting the nickel industry, confirming the cessation of new permits for Rotary Kiln Electric Furnace (RKEF) facilities that consume high-grade nickel ore....
Alumina (ASX: AWC) Receives FIRB Approval for Acquisition Proposal by Alcoa
June 14, 2024 02:45 PM AEST| By Team Kalkine MediaAlumina Limited (,ASX: AWC,) has achieved a significant milestone in its proposed acquisition by Alcoa Corporation as it announces the reception of approval from the Australian Foreign Investment Review Board (FIRB). The approval pertains to the tran...
Boss Energy’s (ASX: BOE) Share Price Jumps Amid Uranium Production Milestone
June 14, 2024 01:34 PM AEST| By Team Kalkine MediaBoss Energy Limited (,ASX: BOE,), an Australian uranium exploration company, saw a surge in its stock price, with shares rising as much as 3.4% to AU$4.22 on Friday’s afternoon trade. This notable uptick marks the company's best day in over a month,...
Australian Miners Face Downward Pressure Amid China Demand Worries
June 13, 2024 03:19 PM AEST| By Team Kalkine MediaAustralian mining stocks (INDEXASX: XMM) faced a challenging session, dropping by as much as 0.63% to reach their lowest levels since 27 March 2024. This marks the sub-index's third consecutive session in decline, primarily driven by ongoing concerns...
Rio Tinto (ASX: RIO) Shares Dip Amidst Long-Term Aluminium Prospects
June 12, 2024 12:46 PM AEST| By Team Kalkine MediaDuring afternoon trading on Wednesday, shares of Rio Tinto (,ASX: RIO,) experienced a decline of up to 1.52%, reaching AU$121.04 apiece. However, analysts at Morgan Stanley express optimism regarding the mining giant's long-term prospects in the alum...
Union Action Targets BHP (ASX: BHP) Labor Practices, Shares Drift Lower
June 12, 2024 12:35 PM AEST| By Team Kalkine MediaThe share price of BHP Group Ltd (,ASX: BHP,) experienced a jolt in early trading on Wednesday, currently down 1.03% at AU$43.29 per share. This movement comes amid news that the Mining and Energy Union (MEU) has filed several applications with the F...
Australian Mining Stocks Hit New Lows Amid Weak Iron Ore Demand
June 12, 2024 12:31 PM AEST| By Team Kalkine MediaAustralian mining stocks fell sharply on Tuesday, with the sector hitting its lowest level since 27 March 2024. The S&P/ASX 200 Materials Index dropped as much as 1.1%, driven by weak fundamentals and concerns over demand from China, the world's larg...
Evolution Mining (ASX: EVN) Faces Setbacks from Weather and Seismic Events, Shares Drop to Two-Month Low
June 12, 2024 12:16 PM AEST| By Team Kalkine MediaShares of Evolution Mining (,ASX: EVN,) fell by as much as 1.2% to AU$3.72 apiece on Wednesday, marking their lowest point since 2 April. The dip comes amid operational challenges at several of the company's key mining sites, significantly impacting...
Rio Tinto (ASX: RIO) to Increase Stake in Boyne Smelters with Mitsubishi Corp Acquisition
June 11, 2024 03:37 PM AEST| By Team Kalkine MediaMining giant Rio Tinto (,ASX: RIO,) announced on Tuesday its plans to acquire Mitsubishi Corp's (TSE: 8058) 11.65% stake in Boyne Smelters (BSL) for an undisclosed sum. This move comes as part of Rio Tinto's strategy to consolidate its holdings in th...
Australian Mining Stocks Rally, Set for Strongest Performance in Weeks
June 07, 2024 03:40 PM AEST| By Team Kalkine MediaAustralian mining stocks experienced a notable surge on Friday, climbing as much as 1.11% and poised for their best day since May 20. This uptick was primarily driven by a rebound in iron ore prices on Thursday, supported by portside restocking activ...
Fortescue Metals Group (ASX: FMG) Faces Allegations of Intellectual Property Theft
June 07, 2024 03:01 PM AEST| By Team Kalkine MediaFortescue Metals Group Ltd (,ASX: FMG,) shares have seen a modest 1.5% increase today, trading at AU$24.38 apiece, despite allegations of intellectual property 3theft involving its green iron technology. The mining giant has accused two former execut...
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