News

Fresh forecasts of demand growth and renewed fear of supply disruption have combined to trigger a round of remarkable iron ore price upgrades for 2021 just as investors hug the sidelines in the weeks ahead of profit reporting season (reports MiningNews).

Fresh forecasts of demand growth and renewed fear of supply disruption have combined to trigger a round of remarkable iron ore price upgrades for 2021 just as investors hug the sidelines in the weeks ahead of profit reporting season (reports MiningNews). All the big iron ore miners have been sold down since hitting multi-years highs last month, with some of the selling almost certainly the result of profit-taking thanks to a better-than-expected recovery after the COVID-19 collapse early last year.

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The merger of Northern Star Resources and Saracen Mineral Holdings has cleared its final hurdle with court approval of the $16 billion tie-up (reports The West Australian).

The merger of Northern Star Resources and Saracen Mineral Holdings has cleared its final hurdle with court approval of the $16 billion tie-up (reports The West Australian). The WA Supreme Court today (Feb 1) made orders approving a scheme of arrangement between the two gold miners. The court orders are expected to be lodged with the Australian Securities and Investments Commission tomorrow (Feb 2) , at which time the scheme will become legally effective.

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Sandfire Resources has effortlessly skirted around a Chinese trade ban on Australian copper by finding alternative markets (reports The West Australian).

Sandfire Resources has effortlessly skirted around a Chinese trade ban on Australian copper by finding alternative markets (reports The West Australian). Despite the WA copper miner selling 93 per cent of its product to China last financial year, Sandfire has seamlessly found new markets in Europe, South Korea, Japan and the Philippines in recent months. Beijing unofficially banned Australian copper in November, with the metal joining a growing list of commodities to incur sanctions from the Middle Kingdom amid a worsening trade war between the two nations.

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Centaurus Metals has increased the size and confidence of its Jaguar nickel project in Brazil (reports MiningNews).

Centaurus Metals has increased the size and confidence of its Jaguar nickel project in Brazil (reports MiningNews). The indicated and inferred resource now stands at 58.6 million tonnes at 0.95% nickel for 557,800 tonnes of contained nickel. The June maiden resource was 517,500t at 1.08% nickel. The indicated resource now accounts for 40% of the total, or 19.9Mt at 1.12% nickel for 223,400t of nickel, which will underpin a scoping study due next month.

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Plus, shares in battery graphite producer Syrah hitch an EV ride while Mincor looks set to follow suit in the name of nickel

Buying into one of the best metals discoveries in recent times – Chalice’s Julimar near Perth – has just got a lot cheaper, even though its story has just got a lot better, such are the joys of investing in the resources space during periods of metal price volatility. Chalice (CHN) was off 13% in Thursday’s market to $4.04. Nothing particularly wrong with that given $4.04 compares with a pre-Julimar discovery 52-week low of 14.5c. But it is down from a recent high of $4.92.

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Chalice Mining has extended the four known zones at its Julimar project outside Perth and has discovered four new zones (reports MiningNews).

Chalice Mining has extended the four known zones at its Julimar project outside Perth and has discovered four new zones (reports MiningNews). The latest drilling has found the G1 and G2 zones merge at depth, with a strike length of more than 690m and dip extent of up to 490m and open to the north along strike and down-dip.

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29th January 2021

A surging iron ore price is set to give birth to two new WA junior exporters of the steel-making commodity within days (reports The West Australian).

A surging iron ore price is set to give birth to two new WA junior exporters of the steel-making commodity within days (reports The West Australian). GWR Group and Fenix Resources have opportunistically seized on a nine-year high iron ore price of around $US170/t to bring their respective projects into production. While their direct shipping ore projects may be small and involve the costly process of trucking product vast distances to the port of Geraldton, each is confident of a healthy margin at prevailing iron ore prices and currency exchanges.

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Among the raft of ASX-listed uranium players that have enjoyed a long-awaited lift in investor sentiment in recent months, Boss Energy looks a stand-out (reports The West Australian).

Among the raft of ASX-listed uranium players that have enjoyed a long-awaited lift in investor sentiment in recent months, Boss Energy looks a stand-out (reports The West Australian). The uranium price has been in the doldrums since the Fukushima nuclear disaster in Japan in 2011. But last year the market began to re-awaken to nuclear’s potential as a zero-emissions energy source that can also provide baseload power — and the price of yellowcake began to tick up.

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