The Big Australian’s new chief admits to reviewing the battery metal’s potential “on a regular basis”...
BHP’s posturing that it stands to benefit from the world’s great decarbonisation event – the electric vehicle and renewable energy storage revolution – through its electrification and battery metals exposures of copper and nickel is well known.
It likes to call the exposures its “future-facing” commodities and it has just declared an appetite for more copper and nickel resource positions through exploration and early-stage entry into projects owned by others.
Saracen Mineral Holdings boss Raleigh Finlayson says the company wants to keep its powder dry for growth options around the Superpit...
Saracen Mineral Holdings boss Raleigh Finlayson says the company wants to keep its powder dry for growth options around the Superpit and to reduce debt before paying a long-awaited inaugural dividend (reports The Australian Financial Review).
The Saracen board opted not to pay a half-year dividend in the wake of forking out $US750 million ($1.115 billion) for a half share in the Superpit gold operations.
Sandfire Resources has posted a solid half-year profit result as it turns its attention to growth...
Sandfire Resources has posted a solid half-year profit result as it turns its attention to growth (reports MiningNews).
The company posted a half-year net profit after tax of A$34.2 million, down from $49.6 million for the same period of 2018.
The result included an additional amortisation expense of $34.2 million following the acquisition and development of the Monty mine.
Cashflow from operating activities was $109.1 million, up from $97.5 million, or $140.3 million before exploration and evaluation expenses.
Copper explorer Stavely Minerals has been named as the winner of this year’s Craig Oliver Award at the RIU Explorers Conference in Fremantle (reports MiningNews).
Stavely beat out other nominees Image Resources, Alkane Resources, Bellevue Gold and Gold Road Resources.
The award, sponsored by Canaccord Genuity, Western Areas and David Flanagan, is handed out every year to a small to mid-cap Australian resources company that has excelled in all areas.
Plus, Alkane’s latest result fuels hopes it may have a Cadia-esque find on its hands
The coronavirus has knocked the stuffing out of base metals prices, taking equity values for the producers and developers down at the same time.
The likelihood is that when the terror of it all passes and everyone gets back to work, there will be a strong rebound in prices for the metals and equities, probably with the added bonus of a big dose of stimulus from Beijing.
While the timing of all that is uncertain, the here and now for the sector’s equities is that there is now more value to be had for investors than there was before the thing began to spread from Wuhan.
Northern Star Resources has rewarded shareholders with a 7.5¢ fully franked interim dividend up 25 per cent on the 5¢ it paid last year...
Northern Star Resources has rewarded shareholders with a 7.5¢ fully franked interim dividend up 25 per cent on the 5¢ it paid last year (reports The West Australian).
The juicier payout came on the back of a 54 per cent jump in net profit after tax in the first half to $126.8 million.
Centaurus Metals (ASX: CTM) has bitten into a thick zone of high-grade semi-massive to massive nickel sulphides at the Onça-Rosa prospect, within its Jaguar nickel project in northern Brazil (reports Bevis Yeo of Stockhead).
Recent drilling has confirmed the down-dip extension of historical high-grade nickel sulphide mineralisation with a top result of 9.3m at 3.13 per cent nickel, 0.19 per cent copper and 0.08 per cent cobalt from 281.8m, Yeo said.
There was in 1999 a very good reason for deciding to close the Misima goldmine in Papua New Guinea...
There was in 1999 a very good reason for deciding to close the Misima goldmine in Papua New Guinea. Somewhat oddly, it’s exactly the same reason to start again today (reports Stockhead).
The price of gold, which had plunged to $US252/oz ($374/oz) in May 1999, at the start of a gold-selling program by the Bank of England, determined the fate of the mine 21 years ago, whereas the current price of $US1553/oz underpins plans to redevelop Misima.