LA Private

September 2024

Stocks of the Hour: Augustus Minerals, Marquee Resources, Lithium Australia

To register for Friday’s webinar click here. Augustus Minerals (ASX:AUG) has announced that high grade copper rock chips assaying up to 3.1% and up to 11g/t silver have been identified from field work over a strike length of 1.1km at the Ti-Tree project. Mapping and field work is continuing to identify suitable drilling platforms for

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Blackstone bites into Aussie data centre

Global investment titan Blackstone has snapped up Australian data centre giant AirTrunk for a whopping $23.5 billion. The deal, which marks the largest corporate transaction in Australia this year, underscores the insatiable appetite for data centres as artificial intelligence continues to reshape the technological landscape. AirTrunk founder Robin Khuda, a self-made billionaire, is set to rake

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Orora sells North American unit

Packaging group, Orora (ASX:ORA), has agreed to sell its North American packaging solutions business to Veritev, a private equity-backed rival, for $1.78 billion. The deal comes a year after Orora paid $2.16 billion for French glass company, Saverglass. While Saverglass faced challenges following the acquisition, it now appears to be recovering. Orora announced to the

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OPEC+ faces pressure

Demand for oil and key products like gasoline is waning, sending global crude prices to nine-month lows on Tuesday. As U.S. markets reopened after the Labor Day holiday, which marks the end of summer and the return to business as usual, prices plummeted. Labor Day typically signals the end of the “summer driving season,” a

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