Canada has again tightened rules, making it even harder to take over the country’s remaining big miners. Under the new rules, Canada will only approve foreign takeovers of large domestic mining firms with “significant” critical minerals operations “in the most exceptional of circumstances.” The rules were revealed late last week, but only now have investors […]
Canada tightens rules to protect domestic mining industry Read More »
Apple shares continued their recent bounce on Monday, reclaiming the top spot as the world’s most valuable company. Shares in the iPhone giant rose 0.65%, taking the company’s value to $US3.49 trillion, just ahead of Microsoft, whose shares eased 0.3%, reducing its value to $US3.47 trillion. Nvidia performed the best of the trio, with a
Apple reclaims top spot as world’s most valuable company Read More »
Markets continued their drive higher with two out of the three major indices closing at new record highs ahead of new inflation data and upcoming earnings numbers later this week. The S&P 500 closed up 0.1 per cent at a record 5,572. The Nasdaq also set a new record close finishing the day 0.28 per
Nvidia & Apple push the Nasdaq to another record close Read More »
Updates continue to emerge from Ramelius Resources (ASX:RMS) as it prepares for a move on the now partly owned Spartan Resources. In the past couple of weeks, Ramelius has revealed and then increased its holding in Spartan from 8.9% to more than 17%, while assuring everyone that it’s a cash-generating machine (which it is) with
Ramelius prepares to move on Spartan Read More »
The Australian sharemarket, particularly impacted by a commodities sell-off, saw significant declines on Monday, with the S&P/ASX 200 dropping 0.8% to 7763.2 points. This downturn was led by a 1.8% fall in mining stocks, driven by a sharp decline in iron ore prices to $107.90 per tonne amidst concerns over Chinese demand and oversupply. Major
ASX falls 0.8%: Materials falls as iron ore prices slump Read More »
Shares in Rex Minerals (ASX:RXM) surged more than 60% after it revealed it had found its ideal partner in the shape of its major shareholder, Indonesian-owned MACH Metals Australia. Under the terms of the offer, MACH will acquire all the shares in Rex that it does not already own for a cash consideration of 47
Shares in Rex Minerals surge more than 60% Read More »
A high-stakes game of dairy “Russian Roulette” is unfolding across the Tasman between struggling Synlait (ASX:SM1) and its once-close buddy and customer (and shareholder), a2 Milk (ASX:A2M). After years of closeness, the duo has fallen out badly. Synlait has faced hard times, with revenue and profit margins under pressure or disappearing, and the company needing
High-stakes dairy drama Read More »
At 11:35am, the S&P/ASX 200 is 0.36 per cent lower at 7,794.30, driven by a decline in iron ore prices. This drop was influenced by a 3 per cent fall in iron ore futures to $US110.25 a tonne amid concerns about Chinese demand and oversupply. Despite a strong performance on Wall Street, where the Nasdaq
ASX down 0.36% near noon: Iron ore prices fall Read More »
Rex Minerals (ASX:RXM) has entered into a SID with its major shareholder MACH Metals Australia to acquire all of the shares it does not already own for cash consideration of $0.47 per share. The Rex Minerals board unanimously recommends the transaction. Shares are trading 63.64 per cent higher at 45 cents. Gold Mountain (ASX:GMN) announced
Stocks of the Hour: Rex Minerals, Gold Mountain, FBR Read More »
