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Corporate Sanctions and Leadership Transition for Mineral Resources (ASX:MIN)
November 04, 2024 01:18 PM AEDT| By Team Kalkine MediaHighlights,Chris Ellison faces,$20,million sanction but,remains,as Managing Director for now.,Mineral Resources outlines leadership transition plans with Ellison set to step down by mid-2026.,Shareholders express mixed reactions amid stock gains desp...
Metro Mining Achieves Record Bauxite Shipments at Bauxite Hills Mine
November 04, 2024 12:51 PM AEDT| By Team Kalkine MediaHighlights,Record Shipments,: Metro Mining achieved a new monthly shipment record of 793,420 wet metric tonnes (WMT) in October 2024, representing a 2% increase from September and an 18% increase from October 2023.,Operational Resilience,: Despite fa...
Telix Pharmaceuticals Welcomes CMS Decision on Radiopharmaceutical Payments
November 04, 2024 12:48 PM AEDT| By Team Kalkine MediaHighlights,CMS Decision,: The U.S. Centers for Medicare & Medicaid Services will provide separate payments for specialized diagnostic radiopharmaceuticals starting in 2025, ensuring equitable access for Medicare patients.,Impact on Telix Products,: T...
Westpac (ASX:WBC) Posts 3% Decline in FY24 Net Profit Amid Growth in Key Segments
November 04, 2024 12:27 PM AEDT| By Team Kalkine MediaHighlights,Westpac's FY24 net profit after tax falls by 3%.,Net interest income rises by 2%, totaling $18.75 billion.,Final dividend increases to 76 cents, fully franked.,Westpac Banking Corporation (ASX:WBC) has reported a 3% decrease in its net pro...
State Gas Limited Faces Access Issues at Rolleston West Project Site
November 04, 2024 12:25 PM AEDT| By Team Kalkine MediaHighlights,State Gas loses significant value due to project site access issues.,Landowner dispute restricts access to key facilities at Rolleston West.,Company’s gas compression facility and exploration wells,impacted,.,State Gas Limited (ASX:GAS) ex...
Australian Shares Recover Slightly Amid Central Bank Speculation
November 04, 2024 12:21 PM AEDT| By Team Kalkine MediaHighlights,The S&P/ASX 200 index rose 0.3% on Monday after a three-session decline, rebounding from a 1.1% drop last week.,The Reserve Bank of Australia is widely expected to keep interest rates steady at 4.35% during its policy meeting on Tuesday.,T...
Leadership Shake-up at Mineral Resources Amid Integrity Concerns
November 04, 2024 12:15 PM AEDT| By Team Kalkine MediaHighlights,Mineral Resources' Managing Director and,Chairman,to step down amid controversy.,Chris Ellison to reimburse the company $3.79 million and,forfeit,bonuses.,Board's decision follows a probe into personal business dealings tied to the company...
Eclipse Metals Advances Uranium, Critical Minerals Exploration in Northern Territory
November 04, 2024 12:13 PM AEDT| By Team Kalkine MediaHighlights,Eclipse Metals holds key uranium tenements in,Ngalia,Basin and Alligator Rivers Uranium Field.,Recent surveys,identify,high-grade targets across large exploration areas.,Focus on unlocking uranium, gold, and palladium potential across 11,l...
Westpac Banking Corp Reports Full Year Results and Announces Increased Dividend
November 04, 2024 12:10 PM AEDT| By Team Kalkine MediaHighlights,Westpac reported a 3% increase in net interest income to AU$18.9 billion for the fiscal year ending 30 September 2024, while net profit declined by 3% to AU$6.99 billion, reflecting mixed results across its business segments.,Despite the d...
Woolworths Share Price Hits 52-Week Low Amid Margin Concerns
November 04, 2024 12:08 PM AEDT| By Team Kalkine MediaHighlights,Woolworths' share price has dropped 25% since June 2023 and nearly 20% since late August 2024, reaching a 52-week low of AU$29.79 due to declining supermarket performance following the pandemic and rising inflation.,In its first-quarter FY...
Mineral Resources Founder Chris Ellison Faces AU$8.8Mn Penalty Amid Undisclosed Payments Probe
November 04, 2024 12:06 PM AEDT| By Team Kalkine MediaHighlights,Chris Ellison, founder of Mineral Resources, will pay an AU$8.8 million penalty and step down as managing director within 18 months over undeclared payments.,The Australian Taxation Office has settled with Ellison, avoiding further investi...
WiseTech Global Faces Shareholder Backlash Over Virtual AGM Decision
November 04, 2024 12:05 PM AEDT| By Team Kalkine MediaHighlights,WiseTech Global faces criticism from the ASA for hosting its AGM as a virtual-only meeting, limiting shareholder engagement.,The ASA is also recommending a vote against the company's remuneration report and share rights for executive direc...
NextDC Shares Climb on Major Debt Facility Update
November 04, 2024 12:02 PM AEDT| By Team Kalkine MediaHighlights,NextDC secures AU$2.9 billion in new senior bank debt facilities to refinance existing loans and support future growth.,The company's average loan maturity has been extended to 6.0 years, stabilizing its financial outlook.,NextDC's share p...
Strickland Metals (ASX:STK) Advances Phase Two Testing at Shanac Gold Deposit in Serbia
November 04, 2024 11:44 AM AEDT| By Team Kalkine MediaHighlights,Strickland Metals initiates phase two metallurgical testing for,Shanac,Gold Deposit.,The phase aims to,optimize,gold and copper recoveries and,validate,flowsheet design.,Ongoing drilling at,Rogozna,expected to yield,additional,exploration...
Santos (ASX: STO) Affirms 2024 Guidance Following Stake Sale to Kumul Petroleum
November 04, 2024 11:42 AM AEDT| By Team Kalkine MediaHighlights,Santos,maintains,guidance after divesting a PNG LNG stake.,Kumul,Petroleum,acquires,2.6% stake for $US241 million.,Santos,retains,a 39.9% interest in,PNG,LNG project.,Santos (ASX: STO) recently confirmed that its operational and financial...
Mineral Resources Faces Valuation Cut and Regulatory Challenges
November 04, 2024 11:40 AM AEDT| By Team Kalkine MediaHighlights,Mineral Resources sees lowered valuation amid regulatory,probe,.,Adjusted discounted cash flow multiple affects stock outlook.,Leadership shift brings potential challenges for the company.,Mineral Resources (ASX:MIN) is undergoing a valuat...
OPEC+ Delays Production Increase, Boosts Oil Prices Amid Market Shifts
November 04, 2024 11:38 AM AEDT| By Team Kalkine MediaHighlights,Oil prices see an early surge after OPEC+ delays production increases.,Brent and WTI crude prices rise, reflecting tightened market expectations.,Mixed performance across energy stocks on ASX with slight variances.,Oil prices made a notabl...
Andromeda Metals (ASX:ADN) Expands Board with Industry Expert to Boost European Market Presence
November 04, 2024 11:17 AM AEDT| By Team Kalkine MediaHighlights,Andromeda Metals welcomes seasoned chemical,engineer,to strengthen board.,Miguel J Galindo’s,expertise,aims to enhance European market integration.,New role to focus on product quality, customer engagement, and market expansion.,Andromeda...
Intra Energy Secures Funding for Gold and Lithium Exploration at Maggie Hays Hill
November 04, 2024 11:14 AM AEDT| By Team Kalkine MediaHighlights,Intra Energy Corporation raises $850,000 to advance exploration in Western Australia.,Placement includes two tranches with director participation in Tranche 2.,Funds,allocated,for exploration,,value,opportunities, and working capital.,Intr...
Elixir Energy (ASX:EXR) Expands Gas Resources in Taroom Trough with New Booking
November 04, 2024 11:12 AM AEDT| By Team Kalkine MediaHighlights,Elixir Energy secures new resource booking in Queensland’s,Taroom,Trough.,712 billion cubic feet in prospective gas resources,identified,in ATP 2077 Sub-Block B.,Additional,resource development potential in ATP 2044 and adjacent areas.,Eli...
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