Ramelius (ASX:RMS) announced that it will now have a third million-ounce mine project at its Mt Magnet area of interest in WA’s midwestern goldfields. In an update filed with the ASX on Monday, the company stated that the Eridanus prospect “is set to become the third +1Moz mine in the Mt Magnet field, after Hill […]
Ramelius unveils plans for third million-ounce mine Read More »
The Australian sharemarket edged downwards, primarily driven by losses in financials, anticipating a federal budget presentation by Treasurer Jim Chalmers from the Labor government, expected to offer cost-of-living relief to households amidst a focus on maintaining high interest rates by the Reserve Bank in the fight against inflation, alongside a projected consecutive surplus. At 11:30am,
ASX down 0.17% near noon: Investors await federal budget Read More »
Paul Sanger: Hi, I’m Paul Sanger for the Finance News Network, and today we’re talking to Lithium Universe. Lithium Universe has the ASX code LU7, and a market cap of around 20 million. The company’s main objective is to establish itself as a prominent lithium project builder by Prioritizing Swift and successful development of lithium
Lithium Universe’s CEO Alex Hanly on North America’s Lithium revolution Read More »
Anax Metals (ASX:ANX) has announced that the strengthened copper prices have enhanced the Whim Creek economics by 32% providing a Pre-Tax NPV7 of $357M and IRR of 74%. The planned 8-year mine life will generate ~$520M in free cash. Shares are trading 15.91 per cent higher at 5.1 cents. Brightstar Resources (ASX:BTR) has made an off-market
Stocks of the Hour: Anax Metals, Brightstar Resources, Element 25 Read More »
A solid finish to the stock markets on Friday, but today will see a more circumspect ASX re-open. After gaining nearly 1.6% last week to end 27.4 points higher on Friday at 7,749, the ASX 200 is looking at a small dip into the red this morning after a fall on the overnight futures platform
Mixed week on Wall Street Read More »
Private equity group Anchorage Capital Partners has stunned investors, including ARN, with its shocking decision to drop out of the bid for Southern Cross Austereo. This move will likely kill the $250 million offer. The Financial Review reported yesterday that the decision to abandon its partnership with ARN was conveyed over the weekend. This news
Anchorage Capital Partners’ shock withdrawal Read More »
For all the noise and punditry about Tuesday night’s 2024-25 federal budget, investors will be looking later in the week to see what happened with US consumer inflation in April. US inflation levels and interest rate levels are by far the biggest influence on global markets at the moment, even if inflation is falling faster
Eyes on US consumer inflation Read More »
China’s consumer prices rose for a third straight month in April, while producer prices extended their declines, as cost pressures remained mixed across a stuttering economy. According to data from the National Bureau of Statistics (NBS) released on Saturday, the consumer price index (CPI) edged up 0.3% from a year earlier in April, accelerating from
China’s consumer prices rise for a third straight month Read More »
The 2024-25 budget will be the billing focus for Australian markets for part of this week, at least, though wages data on Wednesday and the April jobs report could very well take over as the focal points. That assumes that the US inflation and retail sales reports midweek are not too alarming. And there’s every
The weakness in US oil drilling continued last week with another fall in operating oil rig numbers. Data from Baker Hughes, the oil services group, said active oil rig numbers fell by three to 496, but gas rigs in use rose by one to 103. A year earlier, the US had 586 oil rigs, 141
Fall in operating rig numbers Read More »
