News

The beginning of a new commodities supercycle could see dividend records tumble as the major diversified miners make the most of soaring commodity prices (reports The Australian Financial Review).

The beginning of a new commodities supercycle could see dividend records tumble as the major diversified miners make the most of soaring commodity prices (reports The Australian Financial Review). BHP alone could deliver $US59 billion ($76 billion) of dividends between now and the end of 2023-24 based on the forecasts of broker UBS.

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Alicanto has picked up one of the largest and highest grade historical silver mines in Europe that may still have significant exploration upside (reports Stockhead).

Alicanto has picked up one of the largest and highest grade historical silver mines in Europe that may still have significant exploration upside (reports Stockhead). Standout numbers at the Sala mine in Bergslagen, Sweden, include the production of more than 200 million oz of silver at grades of up to 7,000 grams per tonne (g/t) silver – and averaging at 1,244g/t silver – as well as 35,000t of lead up to when it was shut in 1962 on the belief that it was mined out.

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Trigg Mining (ASX: TMG) has unveiled a “significant” exploration target for its Lake Throssell sulphate of potash project in Western Australia, which it claims highlights the asset’s large-scale potential and high-grade SOP (reports Small Caps).

Trigg Mining (ASX: TMG) has unveiled a “significant” exploration target for its Lake Throssell sulphate of potash project in Western Australia, which it claims highlights the asset’s large-scale potential and high-grade SOP (reports Small Caps). The exploration target covers about 70km of strike out of a total length of 112km. It is based on 36km of exploration results from the palaeovalley, plus a further 34km of strike which is considered to have similar geology and brine characteristics.

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Australian explorer Kingston Resources (ASX: KSN) has strengthened its on-the-ground presence in Papua New Guinea in preparation for permitting and development of its flagship Misima gold project (reports Small Caps).

Australian explorer Kingston Resources (ASX: KSN) has strengthened its on-the-ground presence in Papua New Guinea in preparation for permitting and development of its flagship Misima gold project (reports Small Caps). The company has appointed Geoff Callister to expand its in-country management team as the project progresses through mining studies and regulatory approvals.

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A highly regarded South African-based independent investment analyst has provided an upbeat assessment of Orion Minerals’ (ASX: ORN) recently announced option to acquire a dominant ownership position in the highly prospective Okiep Copper Complex in South

A highly regarded South African-based independent investment analyst has provided an upbeat assessment of Orion Minerals’ (ASX: ORN) recently announced option to acquire a dominant ownership position in the highly prospective Okiep Copper Complex in South Africa’s Northern Cape Province. According to investment analyst and portfolio manager Simon Hudson-Peacock, the proposed deal provides “further significant upside” to his existing base case valuation range for Orion Minerals of 6.3-9.9c per share.

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Plus, strong iron ore prices mean Fenix EBITDA set to exceed its market cap and Orion’s rising share price boosts its project funding prospects.

Geoscientists that double as CEOs rarely if ever get to take a world-class discovery they have made through to the off-take, financing, construction and production phase. The reality is that 99% of them don’t want too either. It requires a different “skill set,” as they say. And besides, they would rather be out kicking rocks looking for their next career-defining discovery. So it was this week with Liontown’s long-serving CEO David Richards.

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It doesn’t get much better for investors in Australian resources as surging global demand drives prices to multi-year highs with the promise of more to come as confidence rises in vaccines taming the spread of Covid-19.

It doesn’t get much better for investors in Australian resources as surging global demand drives prices to multi-year highs with the promise of more to come as confidence rises in vaccines taming the spread of Covid-19. Dr Copper, the metal used in almost everything and a widely quoted prophet of future economic growth, is leading the way, rising to a nine-year high of $US3.77 a pound. Platinum, the forgotten precious metal, is trading at a six year high of $US1215 an ounce. Most other commodities, bar gold, are also trading at multi-year highs, especially battery metals.

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The broad upswing in commodity prices since the depths of the coronavirus crisis represents just the first leg of a sector-wide “bull market” fanned by government spending, analysts and investors say (reports The Financial Times).

The broad upswing in commodity prices since the depths of the coronavirus crisis represents just the first leg of a sector-wide “bull market” fanned by government spending, analysts and investors say (reports The Financial Times). Wall Street banks are telling their clients to increase their exposure to raw materials, which are poised to benefit from a vaccine-driven global economic recovery, aided by fiscal stimulus.

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