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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CIMIC Group’s (ASX:CIM) UGL secures Oil & Gas Extensions in Western Australia

CIMIC Group’s (ASX:CIM) UGL secures Oil & Gas Extensions in Western Australia

Highlights CIMIC Group’s UGL has received two contract extensions for planning, maintenance and shutdown services in Western Australia.  CIMIC is likely to make AU$160 million in revenue from the contracts.  Backed by the annou...

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Mayfield (ASX:MYG) fully buys ATI Australia, shares surge on ASX

Mayfield (ASX:MYG) fully buys ATI Australia, shares surge on ASX

Highlights Mayfield Group Holdings Limited has entered into a conditional agreement to buy the remaining 60% interest in ATI Australia Pty Ltd (ATI). This suggests that after the completion of this deal ATI will become a 100% subsidiary of Mayf...

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Castile (ASX:CST) reports ‘outstanding’ test results from Rover 1

Castile (ASX:CST) reports ‘outstanding’ test results from Rover 1

Highlights Castile Resources Limited has revealed the recovery results from the metallurgical testing at the wholly-owned Rover 1 Project. The two important minerals are gold and copper, with byproducts cobalt and bismuth. The recovery of the ...

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Boss accelerates exploration with a trial of a new seismic survey method

Boss accelerates exploration with a trial of a new seismic survey method

Highlights Boss Energy would soon start the seismic reflection program to grow inventory at Honeymoon Uranium Project. The program is planned to detect any uranium-bearing sediments within mineralised palaeochannels. BOE aims to create value t...

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TNG Limited (ASX:TNG) advances green hydrogen strategy with Malaysian company

TNG Limited (ASX:TNG) advances green hydrogen strategy with Malaysian company

Highlights TNG executes a green hydrogen technology agreement with AGV Energy. AGV is a Malaysian green energy technology company. TNG’s focus is on emerging regional hydrogen markets, with Australia, Japan, and South Korea at the core. ...

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BHP Group (ASX:BHP) shares tumble more than 7%, trades ex-dividend

BHP Group (ASX:BHP) shares tumble more than 7%, trades ex-dividend

Highlights BHP Group (ASX:BHP) shared on 17 August 2021 that it will be paying a final dividend of AU$2.71 per share. The Company had declared its financial results for full year ended 30 June 2021 as per which the Underlying EBITDA went up 69%...

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IGO (ASX:IGO) sees a massive 254% spike in FY21 net profit after tax

IGO (ASX:IGO) sees a massive 254% spike in FY21 net profit after tax

Highlights IGO Limited (ASX:IGO) has delivered record outcomes across all key financial metrics in FY21. IGO has recorded a net profit of AU$549 million during FY21 on the back of its strong operational performance. The company has also declar...

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Forrest and BHP locking horns over interest in Noront Resources 

Forrest and BHP locking horns over interest in Noront Resources 

Highlights Wyloo Metals has raised its offer for Noront Resources Ltd., topping a takeover proposal by BHP. BHP initially beat Wyloo's bid last month, and Noront’s board had recommended shareholders go for the BHP deal. BHP and Wyloo are...

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Five ASX listed gold stocks to look at in Sep 2021 

Five ASX listed gold stocks to look at in Sep 2021 

Australia is a major force in the world's gold mining and refining industry. The country has the world's largest reserves of gold and is forecasted to be the number one gold producer for 2021. Most of the gold processing before export is done local...

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Strike risk heightens at BHP’s Cerro Colorado operations as Union rejects contract deal

Strike risk heightens at BHP’s Cerro Colorado operations as Union rejects contract deal

  • August 31, 2021 02:21 PM AEST
  • Akshay

Highlights On Monday, a union at BHP’s Cerro Colorado copper mine had voted against the final contract offer by the mining company. The mining and energy player is considering a mandatory requirement for all its employees to get jabbed wi...

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