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Glencore has announced the closure of its copper mining operations in Mount Isa by the end of 2025, resulting in the loss of approximately 1,000 jobs. However, the company plans to maintain its refinery and smelters in North Queensland. The decision to close the three underground copper mines in Mt Isa by the second half […]

Shares in Credit Corp (ASX:CCP) plunged on Wednesday as the company shocked the market with news of a write-down in the carrying value of its US debt ledger business. The shares fell 30% at one stage on Wednesday morning and were still down more than 20% after the first hour of trading as investors abandoned

Well, Lithium Power International (ASX:LPI) was right when it described as “incorrect” a Bloomberg report suggesting a 50-cent-a-share offer from Codelco, the big state-owned Chilean copper miner. The deal, revealed on Wednesday (instead of the original Monday deadline), was at 57 cents for each LPI share. LPI said it had entered into a binding scheme

BHP (ASX:BHP) has left its 2023-24 production guidance unchanged after making a solid start to the year in the three months to September 30. The world’s biggest miner did well across all businesses as they completed their normal first-quarter maintenance and other work (which always depressed production performance) to set up what the miner hopes

Don’t miss Friday’s webinar discussing imaging tech, laser tech and agricultural REITs. Click here to register. Whitehaven Coal (ASX:WHC) has been placed in a trading halt following an announcement by BHP that Whitehaven Coal is the preferred bidder for BHP’s Daunia and Blackwater coking coal mines in Queensland. This announcement was made in an unusual manner,

Oil prices surged by up to 1.7% in early Asian trading following a deadly explosion at a Gaza hospital, heightening tensions in the Middle East ahead of US President Joe Biden’s visit. A summit between Biden and leaders of Jordan, Egypt, and the Palestinian Authority was canceled as the US president seeks to prevent further

Whitehaven Coal (ASX:WHC) has halted trading in its shares until Friday as it finalises a substantial finance package to purchase BHP Mitsubishi Alliance’s Daunia and Blackwater export coking coal mines in Queensland. In an early morning statement on Wednesday, Whitehaven requested the trading halt, citing an impending announcement regarding its involvement in the sale of

ARN Media (ASX:A1N) and its partner, private equity firm Anchorage Capital Partners, will have to navigate key regulators before finalising their $225 million non-binding takeover offer for rival radio broadcaster Southern Cross Media (SCA). ARN owns major radio stations, including KIIS FM, home to Kyle and Jackie O in Sydney, as well as the Pure

18 Oct 2023 – The S&P 500 closed near the flat line on Tuesday as investors analysed the latest bond yield moves and corporate earnings season gained steam.