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At the closing bell, the S&P/ASX 200 was 0.04 per cent lower at 7,362.20, as the materials sector suffered a decline of over 2 per cent. Despite reporting record iron ore production, Rio Tinto (ASX:RIO) shares fell 2.3 per cent, and BHP (ASX:BHP) shares dropped 2.6 per cent. However, the Financials sector rose 1.3 per […]

Stocks are fairly flat following overnight’s performance. Eight out of eleven sectors are in the green so far, as the S&P/ASX 200 is 0.02 per cent higher at 7,367 at noon. Santos (ASX:STO) is facing challenges with its $5.8 billion Barossa gas project in the Timor Sea, after an unexpected court ruling overturned its environmental

The Australian sharemarket ended the week down 0.4 per cent after falling by 0.26 per cent at 7,342.90. This was led by losses in miners and banks. The fall was attributed to a build-up in port inventories, causing investor sentiment for iron ore to drop and resulting in a third straight day of plunging Chinese

Seven out of eleven sectors are trading higher today, however, losses from Materials, including a 1.96 per cent fall from BHP (ASX:BHP), a 1.16 per cent fall from Fortescue Metals Group (ASX:FMG) and a 2.58 per cent drop from Rio Tinto (ASX:RIO) has been the main driver in today’s current losses. Flash PMI data for

Equatorial Resources (ASX:EQX) announced that it has entered into a conditional agreement to acquire the Nimba Alliance Iron Ore Project in West Africa. The Project was previously owned by an international consortium of major mining companies, including BHP Group Limited (ASX:BHP). Shares are trading 51.72 per cent higher at 22 cents RBR Group (ASX:RBR) announced