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Strong Commodities Drive ASX Gains as Gold Reaches Record High
September 13, 2024 06:35 PM AEST| By Team Kalkine MediaAustralian shares continued to advance on Friday, bolstered by rising commodity prices, although banking stocks exerted some downward pressure. The S&P/ASX 200 index closed 0.3% higher, gaining 24.2 points to settle at 8099.9. This rise brought the w...
ASX Materials Surge Amidst Global and Domestic Shifts
September 13, 2024 06:07 PM AEST| By Team Kalkine MediaThe ASX200 closed the day up by 0.3%, reaching 8,099.9 points, with notable movements across various sectors. The materials sector led the gains, rising 2.25%, followed by real estate at 1.02%, and energy with a modest increase of 0.84%.,Lithium and...
ASX 200 Closes Higher as Materials Sector Leads, Big Banks Weigh on Gains
September 13, 2024 05:20 PM AEST| By Team Kalkine MediaThe ASX200 index wrapped up the trading week with a gain of 0.3%, closing at 8,099.9 points. While the broader market saw positive momentum, a drag from the financial sector, particularly the Big 4 banks, prevented the index from reaching new highs.,...
Supply Shocks Jolt Commodity Markets, Australian Miners Surge
September 13, 2024 04:13 PM AEST| By Team Kalkine MediaThe commodity markets were shaken this week by a series of unexpected supply shocks, driving a sharp reversal in the fortunes of Australian mining stocks. After a brutal sell-off last week, which saw the sector battered by fears of a global economic...
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Macquarie Reassesses Major Miners Amid Iron Ore Price Collapse
September 13, 2024 04:12 PM AEST| By Team Kalkine MediaMacquarie Group (ASX: MQG) has recently revised its outlook on key Australian mining giants, including BHP Group (ASX: BHP), Rio Tinto (ASX: RIO), Mineral Resources (ASX: MIN), and Deterra Royalties (ASX: DRR), following the sharp decline in iron ore...
Star Entertainment Faces Scrutiny from Casino Regulator Amid Financial Uncertainty
September 13, 2024 04:10 PM AEST| By Team Kalkine MediaStar Entertainment Group (ASX: SGR), one of Australia's largest casino operators, has come under increased scrutiny from the New South Wales Independent Casino Commission (NICC) as it faces ongoing challenges related to its operations and financial p...
Melbourne Airport's Third Runway Gets Approval: A Milestone for Victoria’s Economy
September 13, 2024 03:41 PM AEST| By Team Kalkine MediaThe long-anticipated third runway at Melbourne Airport has finally received approval, a monumental step set to reshape air travel in the region. The $3 billion project, which is expected to bring significant economic benefits, was given the green lig...
Australian Banks Reverse Early Gains Amid Market Fluctuations
September 13, 2024 03:40 PM AEST| By Team Kalkine MediaAfter a promising start to the trading day, financial stocks, including several of Australia's largest banks, reversed early gains on Friday. Australia and New Zealand Banking Group (ASX: ANZ), Commonwealth Bank of Australia (ASX: CBA), and National...
Transurban Welcomes NSW Toll Road Overhaul as Negotiations Loom
September 13, 2024 03:16 PM AEST| By Team Kalkine MediaIn the evolving landscape of New South Wales infrastructure,,Transurban Group (ASX: TCL,), the largest operator of toll roads in Sydney, is preparing for discussions with the state government regarding a significant overhaul of the tolling system. Th...
Debate over US Federal Reserve’s Next Rate Move: Could a 50 Basis Point Cut Still Happen?
September 13, 2024 03:14 PM AEST| By Team Kalkine MediaWith markets largely anticipating a 25 basis point cut by the US Federal Reserve next week, there’s still a case being made for a more substantial 50 basis point move. While futures positioning is pointing to a 72-28 likelihood of a smaller cut, Ever...
Leadership Transition at Charter Hall as Chairman David Clarke Announces Retirement
September 13, 2024 02:56 PM AEST| By Team Kalkine MediaAfter a decade of steering ,Charter Hall Group (ASX: CHC),through significant growth and expansion, Chairman David Clarke has announced his retirement, effective after the company’s annual general meeting on November 20. Clarke’s tenure has been mark...
Harvest Lane Backs Olam Agri's Revised Bid for Namoi Cotton
September 13, 2024 02:54 PM AEST| By Team Kalkine MediaThe ongoing takeover bid for **,Namoi Cotton (ASX: NAM,)** by Singapore-based **,Olam Agri,** has gained significant momentum after the specialist merger fund **Harvest Lane** announced its support for the revised offer. Harvest Lane, which holds app...
ASX Eyes Record as Commodity Prices Surge; Banks Dip
September 13, 2024 02:11 PM AEST| By Team Kalkine MediaThe Australian Securities Exchange (ASX) approached a record high on Friday, buoyed by strong performances in the energy and mining sectors, driven largely by rising commodity prices. By midday, the benchmark S&P/ASX 200 index had risen 0.3%, or 23 p...
King River Resources (ASX:KRR) Reports Encouraging Geochemical Results from 2024 Drilling at Langrenus and Providence
September 13, 2024 12:40 PM AEST| By Aditi SarkarHighlights,King River Resources (ASX:KRR) reports significant geochemical anomalies from its 2024 drilling at Langrenus and Providence.,Recent assays have identified significant anomalies, including up to 0.2g/t Au, 0.91% Cu, 34g/t Ag, 65ppm Bi, 93pp...
Mount Burgess (ASX:MTB) Nxuu Project Moves to Public EIA Review Stage, shares soar
September 13, 2024 12:03 PM AEST| By Team Kalkine MediaHighlights,The Nxuu Project is advancing to the public review stage of the Environmental Impact Assessment (EIA) for infill drilling.,The EIA public review is expected to last four to six weeks.,Upon completion, MTB will commence a 2,600m HQ diamond...
Altech Batteries (ASX:ATC, FRA:A3Y) announces first offtake agreement for CERENERGY® GridPacks
September 13, 2024 11:21 AM AEST| By Sonal GoyalHighlights,Altech Batteries has executed the first offtake agreement for CERENERGY® GridPacks.,ZISP will purchase 30MWh of energy storage annually for five years, provided in 1MWh GridPacks.,GridPack deliveries are expected to begin by mid-2027 from...
Revolver Resources (ASX:RRR) Announces New Funding to Progress Dianne Copper Mine Project
September 13, 2024 11:04 AM AEST| By Aditi SarkarHighlights,Revolver Resources has secured AU$550,000 in short-term loans for the Dianne Copper Mine restart.,An ATM equity arrangement with Alpha Investment Partners provides access to up to AU$3 million.,The company targets a final investment decisi...
Haranga Resources (ASX:HAR) 1H progress: Saraya Uranium MRE Upgrade and Metallurgical Advances
September 13, 2024 10:28 AM AEST| By Sonal GoyalHighlights,In six months ended 30 June 2024, Haranga Resources focused on advancing its Saraya Uranium Project.,Metallurgical testwork showed over 96% uranium extraction in the initial acid leach test, with follow-up tests achieving 84% extraction.,R...
ASX 200 Poised for Gains with Energy Surge and Tech Momentum
September 13, 2024 10:03 AM AEST| By Team Kalkine MediaOn Thursday, the S&P/ASX 200 Index (ASX: XJO) experienced a strong recovery, closing 1.1% higher at 8,075.7 points. As the market heads into Friday, here are five key elements to monitor, which could influence the ASX 200’s performance:,ASX 200 Expec...
ASX 200 Nears All-Time High, S&P 500 Gains Momentum, Gold Soars
September 13, 2024 09:40 AM AEST| By Team Kalkine MediaThe ASX 200 futures have shown promising signs of upward movement, trading 45 points higher, representing a 0.55% increase as of 8:30 am AEST. This follows notable developments in the US markets, the European Central Bank's (ECB) policy shift, and a...
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