July 2023

A significant commercial-scale green hydrogen project in Western Australia has been scrapped by Canadian infrastructure player ATCO, despite receiving funding support from the Australian government’s renewables arm. In May 2021, the Australian Renewable Energy Agency (ARENA) committed $28.7 million to finance a 10-megawatt electrolyser for gas blending at ATCO’s Clean Energy Innovation Park in Warradarge, […]

JPMorgan Chase is positioning itself in anticipation of an impending US recession, foreseeing a surge in gold prices to surpass $2000 an ounce by the end of this year. The bank’s analysts believe that the precious metal will hit fresh records in 2024 as interest rates start to decline. According to Greg Shearer, Executive Director

Mergers typically result in larger combined entities, but a recent bank deal is bucking the trend by pursuing a different path — one that could potentially unlock more lender mergers in the future. Following the recent deposit crisis and loss of market confidence triggered by the collapses of Silicon Valley Bank, Signature Bank, and First

Meta platforms has surpassed analysts’ expectations for second-quarter sales and provided a positive outlook for the current period, propelling its shares to climb 4.5 percent in after-hours trading. According to a statement released on Wednesday, Meta’s second-quarter revenue reached $32 billion, outpacing analysts’ average projections of $31.1 billion. Additionally, the company forecasts sales for the

Fortescue Metals Group (ASX:FMG), the world’s fourth-largest iron ore miner, has projected a modest increase in its iron ore shipments for the 2023-24 period, driven by robust performance in its core Western Australian mines and early tonnage from a new project in Gabon. In a statement to the ASX on Thursday, the company stated that

R3D Resources (ASX:R3D) announced that it has completed the refurbishment of its solvent extraction – crystallisation process plant. In response, Managing Director Stephen Bartrop commented: “Cash flows from copper sulphate pentahydrate sales are expected to be a ‘game changer’ for the Company and allow it to achieve its desired self-funding status.” Shares are trading 48

Macquarie Group (ASX:MQG) shares experienced a decline as the investment bank attributed it to challenging trading conditions. In the first quarter of financial year 2024, the bank reported a considerably lower net profit compared to the same period in the previous year. The S&P/ASX 200 is currently 0.66 per cent higher at 7,450.60. The SPI futures

TerraCom Limited (ASX:TER), a leading global coal mining company, has released its quarterly activities report for the three months ended 30 June 2023, showcasing robust production and financial performance despite facing market headwinds. Production Highlights During the June Quarter, TerraCom achieved notable production milestones: Total coal sales reached 1.8 million tonnes, with 1.1 million tonnes