June 2023

Australian iron ore giant Fortescue Metals Group (ASX:FMG) has secured an $8m farm-in and joint venture deal with ASX minnow Strategic Resources (ASX:SER) over its copper-nickel-gold tenements located in Canobie. These tenements are strategically positioned adjacent to Fortescue’s own assets in the highly prospective Mt Isa province of Queensland. Under the agreement, Fortescue will invest […]

In a blow to Cochlear Limited (ASX:COH), the Australian hearing implant manufacturer, its planned acquisition of a Danish hearing implants business worth $170 million has been hit by the Competition and Markets Authority (CMA) in the United Kingdom. The CMA announced that it had no competition concerns regarding Cochlear’s acquisition of Oticon Medical’s cochlear implant

The ASX has experienced a third consecutive day of significant decline due to persistent aggressive selling. At noon, the S&P/ASX 200 is 0.88 per cent lower at 7,132.30, reaching its lowest point in a week at 7135.6. All sectors are down, with the energy sector being the weakest performer. Following a seven-day winning streak that

Tamboran Resources made several announcements this morning. The Amungee 2H (A2H) well in EP 98 has achieved gas breakthrough. The company has completed analysis of two flow tests in the Santos-operated EP 161 permit, in which Tamboran owns 25 per cent. Tamboran has signed two MOUs with BP and Shell for supply of 4.4 MTPA

The Nasdaq Composite and the S&P 500 rose Thursday, snapping three-day losing streaks as investors resumed buying tech stocks. The tech-heavy index rallied 0.95 per cent to 13,630.61, while the S&P 500 rose 0.37 per cent to 4,381.89 — both closing near session highs. Meanwhile, the Dow Jones Industrial Average fell 4.81 points, or 0.01

Australian investment banking fees have experienced a significant 50 per cent decline in the first half of this year compared to 2022, with equity capital markets, mergers and acquisitions advisory, and syndicated lending fees all showing notable decreases. Iron ore prices rebounded as investors remain hopeful for China’s stimulus measures, with Singapore iron ore futures

As widely forecasted, Northern Star Resources (ASX:NST) has greenlit the doubling in size of its major asset, the SuperPit gold mine of KGCM near Kalgoorlie, at a cost of $1.5 billion. The company has been examining the pros and cons of the ambitious plan for months, and mining industry rumours had indicated that the decision

Shares in Gold Road Resources (ASX:GOR) fell more than 8 per cent at one stage on Thursday after it downgraded 2022-23 production from the 50 per cent owned Gruyere gold mine in WA. Gold Road owns half the company that operates the mine – the other half is held by Gold Fields of South Africa.

Investment banking activity in Australia has experienced a significant decline in the first half of 2023, with fees dropping by 50 per cent compared to the same period last year. The decrease in investment banking deals reflects the prevailing economic uncertainties and higher costs of debt. According to a preliminary half-year report provided by Refinitiv,