News

Trigg Mining might be a year or two behind some of WA’s other aspiring potash players but it could be safer not to be on the bleeding edge of the burgeoning new industry (reports The West Australian).

Trigg Mining might be a year or two behind some of WA’s other aspiring potash players but it could be safer not to be on the bleeding edge of the burgeoning new industry (reports The West Australian). Two leaders in the field, Kalium Lakes and Salt Lake Potash, have both experienced technical and financial bumps in the race to become the State’s first producer of the high-value fertiliser. Trigg’s managing director Keren Paterson is hoping to benefit from what she calls second-mover advantage by learning from the mistakes of her more advanced rivals.

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Coda Minerals (ASX:COD) has expanded its portfolio of Australian copper projects with its planned acquisition of a project for copper and gold in Queensland near Mount Isa (reports Stockhead).

Coda Minerals (ASX:COD) has expanded its portfolio of Australian copper projects with its planned acquisition of a project for copper and gold in Queensland near Mount Isa (reports Stockhead). The company has entered into a farm-in and joint venture agreement to pick up an 80 per cent stake in the Cameron River project which has peak grades of 22 per cent copper.

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Chinese economic stimulus measures and growing investment in copper-intensive electrification and green energy initiatives are expected to carry the copper price to a fresh high this year (reports Stockhead).

Chinese economic stimulus measures and growing investment in copper-intensive electrification and green energy initiatives are expected to carry the copper price to a fresh high this year (reports Stockhead). The red metal hit a 10-year high of $US9,550 per tonne ($12,350/tonne) in late February, and the London Metal Exchange’s three-month copper futures contract touched $US9,017 per tonne Friday. “Copper steadied as investors shrugged off recent concerns that China intends to trim spending on stimulus measures,” said analysts at ANZ bank in a research note.

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Strict environmental controls designed to curb steel production in China are unlikely to signal the end of the boom in iron ore prices, and miners producing higher grades of iron ore are likely to see a benefit from the restrictions (reports The AFR)

Strict environmental controls designed to curb steel production in China are unlikely to signal the end of the boom in iron ore prices, and miners producing higher grades of iron ore are likely to see a benefit from the restrictions (reports The Australian Financial Review). The price of spot iron ore fell 2.7 per cent to a six-week low of $US157.01 a tonne on Monday, according to Fastmarkets MB, with investors cautious over the outlook.

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Kingston Resources (ASX: KSN) has moved to 100% ownership of the huge Misima gold project in Papua New Guinea, in what the company describes as a strategically important milestone (reports Small Caps).

Kingston Resources (ASX: KSN) has moved to 100% ownership of the huge Misima gold project in Papua New Guinea, in what the company describes as a strategically important milestone (reports Small Caps). The company has now paid the final $1.6 million of the $2 million price on acquiring the minority 19% stake in the mining project held by Japan’s Pan Pacific Copper. Final regulatory approvals for the acquisition have also now been received.

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Calidus poised for re-rating on production growth and there’s takeover talk around De Grey. Plus, analysts see much upside in emerging mineral sands producer Strandline. But will big neighbour Iluka share their view?

The beaten up gold stocks are back in town thanks to the metal clawing itself back to $US1750/oz, with US Federal Reserve chairman Jerome Powell doing his bit by pledging to keep interest rates low for years to come. Still, the 10% fall in the gold price in the last six months has been sobering stuff for local gold equities which have also had to soak up a rise in the Aussie dollar, the net effect of which has been a $A420oz compression of margins in the period.

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A whiff of inflation, and the promise of low interest rates for longer, boosted gold this week, while the rush into battery metals picked up pace which makes it more essential than ever for investors to have exposure to “new energy” metals such as lithium

A whiff of inflation, and the promise of low interest rates for longer, boosted gold this week, while the rush into battery metals picked up pace which makes it more essential than ever for investors to have exposure to “new energy” metals such as lithium. Gold, which had been fading for much of the past six months, got a kick from news that the U.S. central bank will sit on official interest rates for another two years, even as its forecast for economic growth in 2021 rises from an already strong 4.2% to a Chinese-style 6.5%

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Strandline Resources says it is on the cusp of a final investment decision for its flagship Coburn mineral sands project near Shark Bay after securing $US60 million ($80m) in project debt (reports The West Australian).

Strandline Resources says it is on the cusp of a final investment decision for its flagship Coburn mineral sands project near Shark Bay after securing $US60 million ($80m) in project debt (reports The West Australian). The debt funding through European investment bank will stand alongside a $150m loan from the Federal Government’s Northern Australia Infrastructure Facility. It leaves only a roughly $30m equity raising component to complete the $260m funding puzzle for the project.

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