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Orica (ASX: ORI) forecasts stronger first-half EBIT, with $300m-$350m in significant items. Growth across all segments is driving performance, supported by strong demand and contract wins. Blasting Solutions remains robust, with carbon credit sales adding up to $15m. Digital Solutions is benefiting from Terra Insights’ growth, while Specialty Mining Chemicals is expanding despite a $20m […]

Arika Resources Limited (ASX: ARI) has announced encouraging results from its Phase 2 Reverse Circulation (RC) drilling program at the Pennyweight Point Prospect, part of the Yundamindra Gold JV Project in Western Australia. The latest assays reveal significant strike and depth extensions of the mineralized zone. New step-out drill results have extended the strike length

Jason Yetton, the chief executive of Westpac’s consumer division, has resigned after serving less than two years in the position. This departure contributes to a series of recent leadership changes within the Australian banking giant. The bank has initiated a recruitment process to find Yetton’s replacement, and he has agreed to remain in his role

PolyNovo, a burns treatment company, has requested its chief executive officer, Swami Raote, to cease his employment. This action follows reports alleging bullying behavior by chairman David Williams directed towards both Raote and the company’s chief financial officer. The company confirmed in a statement that a “confidential discussion” occurred with Raote, during which he was

Orica, a commercial explosives operator, has issued a profit warning, anticipating a $300 million to $350 million impact due to substantial restructuring costs. These costs are primarily associated with its Latin American and EMEA (Europe, Middle East, and Africa) assets. The company projects a $290 million to $335 million impairment and restructuring expense specifically from

A renewed bidding war for Insignia Financial, the wealth management group that owns MLC, has intensified as private equity firms Bain Capital and CC Capital increased their offers to $5 per share. Insignia has granted exclusivity to both parties, citing the best interests of shareholders, allowing them a six-week due diligence period. The revised bids

Spartan Resources reported a near doubling of losses in the half-year ending December, reaching $44.4 million compared to $26.2 million in the previous year. This increase is primarily attributed to higher royalty expenses and a substantial $25 million investment in exploration activities. A significant factor contributing to the widened losses was a $15.9 million revaluation

The U.S. administration under Donald Trump has given Chevron a one-month ultimatum to cease oil production in Venezuela, significantly escalating pressure on President Nicolas Maduro’s government. The Treasury Department’s April 3 deadline provides a much shorter wind-down period than typically granted, delivering a substantial blow to Maduro’s regime and its oil revenues. This abrupt timeline