Business and Finance
Zenith Minerals Limited (ASX: ZNC) has concluded the sale of its remaining 49 per cent stake in the Develin Creek Copper-Zinc Project to QMines Limited (ASX: QML), marking the end of a two-stage deal initially announced in September 2023. The sale terms include a cash payment of $975,000 (plus GST)…
American Rare Earths secures $456m funding offer for Wyoming Rare Earth project
American Rare Earths Limited (ARR) has announced a significant development in its Halleck Creek Project, with its subsidiary Wyoming Rare (USA) Inc. receiving a non-binding Letter of Interest from the Export-Import Bank of the United States (EXIM) for up to $456 million in debt financing. This potential funding is earmarked…
Mineral Resources secures FIRB approval for Onslow Iron haul road sale
Mineral Resources Limited (ASX: MIN) has announced a significant milestone in its Onslow Iron project, securing unconditional approval from the Foreign Investment Review Board (FIRB) for the sale of a 49 per cent interest in the project's haul road. The deal, struck with investment funds managed by Morgan Stanley Infrastructure…
Anglo American’s Australian coal sale signals key industry trends
The impending sale of Anglo American's Australian coal portfolio is poised to become one of the most significant transactions of 2024, offering crucial insights into the future of steel production and its supporting commodities. This sale is expected to serve as a key indicator of market confidence in the steel…
M Resources completes acquisition of Illawarra Coal Holdings
M Resources has announced the successful completion of the acquisition of Illawarra Coal Holdings Pty Ltd from South32 Limited by GEAR M Illawarra Met Coal Pty Ltd (GM3). This landmark transaction marks a significant milestone for M Resources and its partners. The acquisition includes ownership of a premier coking coal…
Mineral Resources Limited reports mixed FY24 results amid lithium price challenges
Mineral Resources Limited (ASX: MIN) has released its financial results for the fiscal year 2024, showcasing resilience in the face of a challenging lithium market. The company reported a 10 per cent increase in revenue to $5,278 million, despite a significant downturn in lithium prices. The mining services giant experienced…
St George Mining appoints former Brazilian Minister as Board Advisor
St George Mining Limited (ASX: SGQ) has announced the appointment of Adolfo Sachsida, Brazil's former Minister of Mines and Energy, as an advisor to its Board. This move comes as the company prepares to acquire the high-grade niobium-REE Araxá project in Minas Gerais, Brazil. Sachsida brings a wealth of experience…
Northern Star Resources reports record results for FY2024
Northern Star Resources Limited (ASX: NST), Australia's largest gold producer, has announced record financial results for the fiscal year ended June 30, 2024, demonstrating strong performance and progress in its profitable growth strategy. The company reported impressive financial metrics for FY2024: Record cash earnings of $1.81 billion, up 48 per…