Canadian Merger Changes Gold Landscape
Two of the world’s major gold miners have agreed to merge in a deal that will create a global major heavily weighted to Canada but with a sprinkling of interests elsewhere, including Victoria.
Read MoreTwo of the world’s major gold miners have agreed to merge in a deal that will create a global major heavily weighted to Canada but with a sprinkling of interests elsewhere, including Victoria.
Read MoreThe iron ore casualty list is mounting as Mount Gibson Iron now looks set to join Venture Minerals and GWR in being forced to shut iron ore mines because of the slide in prices over the past three months.
Read MoreCorporate Connect analyst Lawrence Grech has today released an updated analysis of TerraCom Limited, in which he has upgraded the target price from $A0.24 to $A0.31 and placed an NPV on the company at $A0.37.
Read MoreBeach Energy, 30% controlled by Kerry Stokes’ Seven Group, unveiled to the market in an investor briefing on Tuesday its ambitious target of lifting output by 13% a year between now and 2024.
Read MoreChina’s petulant ban on imports of Australian coking and thermal coal has come back to bite it hard with the country scrambling to avoid a second round of power shortages ahead of the northern winter.
Read MoreAnother week where different commodities told differing stories to different listeners – oil rose after Hurricane Ida, iron ore steadied, gold fell on rate concerns, and copper edged higher.
Read MoreThe gods are smiling on our two big energy sector marriages – BHP selling its oil and gas operations to Woodside and its own shareholders, and the Santos swallowing of Oil Search.
Read MoreAfter a big PR campaign extolling its virtues as a major green player, BHP now wants to expand a coking coal mine in Queensland that is going to test those green credentials for both the company and regulators.
Read MoreThe world’s energy system is morphing into a higher renewables and efficiency phase with the back-up of transition fuels like natural gas. Analyst Lawrence Grech looks at what this means for the Oil and Gas sector.
Read MoreSandfire Resources has become the latest Australian miner to embrace the global renewables push with a company-transforming deal to buy a Spanish copper mining and processing business.
Read MoreDespite the US Federal Reserve telegraphing its intention to raise rates in 2022, for Australian markets the big news overnight Wednesday was the surge in commodity prices, led by iron ore.
Read MoreIGO has confirmed media reports that takeover talks with nickel miner Western Areas are moving closer towards a decision, while Mincor has struck nickel at its Hartley prospect in Western Australia.
Read MoreDespite a wild ride, gold ended August almost unchanged from the end of July. Once this consolidation has run its course, Joe Foster from VanEck believes tail-risk drivers may drive gold through US$2,000 per ounce.
Read MoreVery quietly, Venture Minerals – a small Tasmanian miner – has become the first casualty of the collapse in iron ore prices.
Read MoreOil weakened on Friday (although it was up for the week), copper, iron ore, gold and silver all fell sharply as worries about the health of the Chinese economy engulfed markets across the spectrum.
Read MoreDespite China having spent the past year or more monstering Australia and Australian companies, the ties between both countries continue, especially in the strategically important areas of lithium mining and processing.
Read MoreDi Brookman, analyst at Corporate Connect, has written a report on clean lithium producer Lake Resources after the company’s announcement regarding a financing agreement for its flagship Kachi project.
Read MoreGlobal iron ore prices crashed for a 4th session in a row this week on Thursday as the restrictions on steelmaking continued to spread into different regions of China.
Read MoreFor the first time BHP has put some substantive flesh on the sales side of its multi-billion-dollar plunge into potash, reporting non-binding deals for up to 100% of future production from its Jansen project in Canada.
Read MoreMedia reports say Canada’s Teck Resources is exploring options for its future ownership of its coking (metallurgical) coal operations, the second largest export operation in the world after BHP.
Read MoreCalima owns a 100% interest in more than 60,000 acres of drilling and production rights in the Montney Formation (in British Columbia, Canada), one of the top ranked resource plays in North America.
Read MoreIron ore shipments through Port Hedland to China fell in August to their second-lowest monthly total this year; the lowest if the Lunar New Year-impacted February data is excluded.
Read MoreA new price surge seems to be underway in some key commodity prices – aluminium, nickel and copper are seeing some encouraging runs, with lead, zinc and tin at or near recent highs.
Read MoreAll sorts of machinations continue to hold sway over the turbulent iron ore market, most of which stem from the Chinese government’s well-intentioned but ham-fisted attempts to mix ecological and economic concerns.
Read MoreThe surging price of thermal coal across Asia saw TerraCom slip out a bullish update yesterday on its price expectations for its Blair Athol mine in Queensland, which for years was owned by Rio Tinto.
Read MoreIn somewhat of a shock, China’s iron ore imports – along with those of most other major commodities – rose for the first time in five months, although this is still down nearly 3% from a year ago.
Read MoreIron ore prices resumed their slide on Monday with an 8% slump on more talk of Chinese production cuts and moves to diversify ore suppliers to domestic producers, while oil also lost ground.
Read MoreFriday’s weak US jobs report saw renewed interest in gold, helped weaken the value of the US dollar and sparked delight among many investors that the free money looks set to continue for a while longer.
Read MoreJune quarter data confirms not only that gold is where the mining and resources crowd is heading, but the production figures for the June half further confirm the positive story from the exploration side.
Read MoreIf you had to take commodity markets – iron ore in particular – as a guide, you’d be right in being confused at the conflicting messages being sent of simultaneous boom and bust.
Read MoreThe OPEC + group agreed to stick to its existing policy of gradual oil output increases, despite revising its 2022 demand outlook upwards and continuing pressure from the US.
Read MoreAugust saw the commodities boom decisively punctured, according to the RBA’s Commodity Price Index for the month, which registered a 4.6% fall in Australian dollar terms.
Read MoreA video investor update from ASX-listed, Canadian-based manganese producer Euro Manganese.
Read MoreOil prices ended higher Monday but were off their four-week highs as Hurricane Ida weakened and companies started scheduling the re-opening of production and distribution facilities shut ahead of her approach.
Read MoreAfter a tough month, commodities markets broadly enjoyed their first positive move for some time, with gold, oil and iron ore all heading markedly higher over the past week.
Read MorePlenty happening in the iron ore space over the past week, so we thought we’d give you a rundown of all the important bits of news, both locally and from around the world.
Read MoreGold glitters, lithium has lustre, and aluminium an allure but the blue collar metal known in certain circles for containing food and soldering circuitry is shining brightest. Right now, tin is in.
Read MoreFinancial markets remain slow to recognise the dangers of the upsurge in global Covid Delta cases; not so oil, where prices suffered their biggest week of losses in more than nine months.
Read MoreWith the huge news of BHP’s exit from oil and gas and proposed entry into potash, we thought it apropos to do a deeper dive into the reasons behind the move and what it means for The Big Australian moving forward.
Read MoreBillions of dollars have been wiped off revenues of mining giants and from Australia’s trade account after the rout in global iron ore market accelerated on Thursday with prices seeing their largest ever one-day fall.
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