LA Private

April 18, 2024

Yancoal survives coal price drop

The Chinese-controlled Yancoal Australia (ASX:YAL) has weathered a near-halving in the price of its main product, thermal coal, in the three months to March and still augmented its substantial cash pile. Despite sharp falls in global coal prices in the quarter, the company still generated a significant amount of cash, boosting its cash balance at

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Anax Metals: Pioneering innovation and growth in the Australian mining sector

Paul Sanger: I’m Paul Sanger for the Finance News Network, and today we’re talking with Anax Metals. Anax Metals, trading under the ASX code ANX with a market capitalization of approximately 15 million, is an exploration and development company with a vision to deliver outstanding shareholder return through innovation in exploration and resource development. Headquartered

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Stocks of the Hour: Nimy Resources, New Age Exploration, Immutep

Nimy Resources (ASX:NIM) advises that drilling at Block 3 within its Mons project in WA has returned intersections of elevated copper, gold, silver mineralisation in massive sulphides plus high-grade gallium and rare earth oxide mineralisation. A gradient array-induced polarisation survey is planned over the Block 3 Prospect targeting copper, gold, and silver hosted by sulphide

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ASX up 0.39% near noon: Australian employment decreases in March

Australian employment decreased by 7000 in March, resulting in a rise in unemployment to 3.8% from February’s 3.7%, contrary to analysts’ expectations of a 10,000 increase and a stable unemployment rate at 3.9%. This shift in the labor market, significant for the Reserve Bank of Australia’s inflation management efforts, may impact its decision on potential

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