May 29, 2023

Shares in Australian-based African lithium miner Leo Lithium (ASX:LLL) surged more than 17% on Monday after it revealed a $A106 million investment from Chinese giant Ganfeng. Leo said it had entered into a binding agreement with a unit of China’s Ganfeng Lithium Group Co Ltd to raise A$106.1 million and to cooperate for the ramp-up […]

Does the end of La Nina disruptions and the return of El Nino’s dry weather portend better times ahead for almond grower Select Harvests (ASX:SHV)? That seems to be the message investors took from Monday’s interim results for the half year from the company which revealed a loss of nearly $100 million thanks to low

Shares in Brisbane-based testing multinational ALS (ASX:ALQ) dropped more than 4% yesterday after the company’s full year results hinted at emerging pressures in global markets for its mining services. ALS reported a 23.4% rise in underlying net after tax profit to $320.6 million, from $260 million in 2021-22. ALS had forecast underlying net profit after

Normally, markets and economists ignore the monthly industrial company profits in China – it’s a third-tier economic data series that is usually overlooked because of its imprecision, but every now then a trend emerges that is worth examining, and so it was at the weekend when the data showed a fourth successive month of falling

US equity markets and the FTSE 100 were closed overnight. However European stock markets were mixed Monday after US President Joe Biden and House Speaker Kevin McCarthy reached a deal to raise the nation’s debt ceiling. US political leaders must now gather enough bipartisan support to pass the debt ceiling bill in Congress before the

At the closing bell, the S&P/ASX 200 was 0.87 per cent or 62.6001 points higher at 7,217.40. This increase was driven by mining and real estate stocks, with investors reacting positively to a potential agreement to raise the US debt ceiling. IDP Education (ASX: IEL) experienced a significant decline of 15.9% to $21.71 following Canada’s

Dr Andrew Tunks, Executive Chairman of Meteoric Resources (ASX:MEI), provides an update on the company’s progress, discussing its transition from gold to rare earths, the advantages of ionic clay over hard rock deposits, and promising early results. Tim McGowen: We’re talking today with Meteoric Resources (ASX:MEI). It’s got a market cap of $261m. We have

Empire Energy (ASX:EEG) has announced a major Beetaloo resource upgrade. In response, MD Alex Underwood stated, “The volumes delineated in EP187 represent a nationally significant resource of low CO2 gas.” Shares are trading 2.7 per cent higher at 19 cents. Kula Gold (ASX:KGD) reports progress on potential lithium bearing pegmatites at the recently acquired Kirup

All sectors are up except Consumer Discretionary, sparked by the US debt ceiling deal. Overall, at noon, the S&P/ASX 200 is 1.01 per cent higher at 7,227.30. Oil prices rose as US President Joe Biden and House Speaker Kevin McCarthy reached a tentative deal on the US debt ceiling, potentially preventing a default, while West

Henk Diederichs – CEO and Managing Director – OreCorp (ASX:ORR) is a development and exploration company whose key asset is the Nyanzaga Gold Project in north-west Tanzania.