November 2024

Resolute Mining (ASX:RSG) confirmed in an announcement this morning that CEO Terence Holohan and two other executives were detained in Mali after discussions with government officials. The executives were in Bamako, the capital city, addressing issues related to the company’s business practices and responding to claims made by the authorities, which Resolute maintains are unfounded. […]

On Monday, Australian mining stocks fell sharply as concerns over China’s economic direction and potential trade war risks weighed on the market. The recent $2.5bn (12 trillion yuan) stimulus package from China’s Standing Committee of the National People’s Congress disappointed investors by focusing on debt relief for local governments rather than boosting domestic demand. Iron

Nissan has announced a major restructuring plan in response to mounting financial losses, including the elimination of 9,000 jobs from its global workforce and a 20% reduction in production capacity. The move comes after the Japanese carmaker reported a ¥9.3 billion (A$91 million) loss in the third quarter of 2024, compared to a significant profit

Chinese stocks in Hong Kong have fallen after Beijing’s high-profile fiscal stimulus plan failed to meet investor expectations. The Hang Seng China Enterprises Index dropped 1.6% by midday, with property and consumer-focused stocks leading the declines. Mainland China’s CSI 300 Index fluctuated, recovering from an initial 1.4% loss to trade flat. The disappointment followed the

Novonix (ASX) has secured a significant offtake agreement with global automotive manufacturer Stellantis NV. Under this binding deal, Novonix will supply at least 86,250 tonnes of high-performance synthetic graphite, with the possibility of increasing volumes to 115,000 tonnes, over a six-year period from 2026 to 2031. This graphite will be essential for supporting Stellantis’ North

Bitcoin has surged past the US$80,000 mark for the first time, reaching A$122,894 on Sunday. This historic high comes as investor confidence soars following Trump’s re-election. Bitcoin’s 80% gain in 2024 far exceeds the S&P 500’s 25.7% rise this year. The rally began during the lead-up to the election. Trump’s policies signal a significant departure

Silk Logistics Holdings (ASX:SLH) has entered into a Scheme Implementation Deed with DP World Australia Limited for the acquisition of 100% of its issued share capital through a scheme of arrangement. The proposed transaction values Silk’s equity at approximately $174.5m, with shareholders set to receive cash consideration of $2.14 per share, less any dividends declared

Prospech (ASX:PRS) has announced further assay results from the ongoing program of sampling and assaying of the historic drill core from holes completed in the 1950s, 60s and early 70s. A total of 307 samples from 25 holes are reported. Shares are trading 14.29 per cent higher at 3.2 cents. Hera Med (ASX:HMD) has received

Following a scoping phase, Fonterra Co-operative Group (ASX:FSF), a global dairy giant headquartered in New Zealand, has decided to proceed with a sale process to divest its global consumer businesses, including Fonterra Oceania and Fonterra Sri Lanka. The initiative was first announced in May 2024. The objective is to streamline operations and concentrate on the company’s

Stockland Corporation (ASX:SGP) has upgraded its earnings guidance for FY25. This follows the completion of all regulatory approvals for the acquisition of 12 masterplanned residential communities from Lendlease (ASX:LLC) through the Stockland Supalai Residential Communities Partnership. Valued at approximately $1.06bn, the acquisition is expected to be finalised in the second quarter of FY25, pending relevant