News

Iron ore hit, jobs to weigh on budget

Shares in manganese developer Firebird Metals rose by 9 per cent on Wednesday to 12 cents per share, following news that the company had signed a strategic cooperation agreement with China National Chemistry Southern Construction, a large-scale chemical engineering company.

The ASX has closed 0.2 per cent higher, climbing for a second day despite a consumer price index report showing inflation creeping up in the US.

Experienced mining executive Greg Lilleyman has been appointed Caravel Minerals' strategic board adviser.

Bellevue Gold's positive start to the week has continued, after it posted a $2.18 million net profit after tax for the first six months of the 2024 financial year.

Increased risk of elder abuse, robbery and lower home-buying capacity are among the effects of remote town bank closures revealed at a Senate inquiry.

Commonwealth Bank has apologised after an outage overnight locked customers out from their accounts.

Bankers Dimon and Lowe see upside risks on interest rates

The ASX200 finished up 0.1 per cent ahead of another inflation readout from the US that could influence the pace of interest rate cuts this year.

Bellevue Gold has announced its monthly production increased by 28 per cent in February - from 10,475 ounces to 13,364oz - on the back of higher grades, coupled with underground stoping ore.

Pilbara-focused Red Hawk Mining will raise $12.5 million in order to advance operations at its flagship Blacksmith iron ore project, 70 kilometres north-west of Tom Price.

Mineral sands producer Sierra Rutile remains hopeful of reaching an agreement with the government of Sierra Leone regarding amendments to the fiscal regime agreement between the parties.

Uranium explorer Deep Yellow, led by John Borshoff, is seeking to raise $250 million via a two-tranche placement and additional share purchase plan, the company told the market yesterday.

Chalmers: Growth ambitions too low for defining decade

Every sector has lost ground in broad-based selling ahead of another important US inflation readout seen as key in determining the speed of rate cuts.

March 2024 quarterly production at Capricorn Metals' Karlawinda gold project has been affected by heavy rain.

The federal treasurer has outlined a number of priority policy areas for reforming regulation and turbocharging productivity at a business conference.

Chalmers to abolish 500 tariffs

The ASX200 rose 1.1 per cent to finish above 7,800 for the first time after more talk of rate cuts as soon as June in the US and Europe.

Junior miner Horizon Minerals posted a $1.40 million profit during the first half of the 2024 financial year, which was down 19.4 per cent from $1.74 million during the prior corresponding period.

Ramelius Resources has announced it is in exclusive discussions with Toronto Stock Exchange-listed Karora Resources, regarding the possibility of a merger between both companies.

Andrew Forrest-backed Fortescue has acquired a 19.9 per cent stake in Magmatic Resources, in addition to its farm-in, joint venture agreement with the company.

9AM UPDATE: Power is now restored

Tesla sparks split on fuel standards

The ASX200 has finished at its highest-ever level for the second time this month after Jerome Powell told Congress rate cuts are likely this year.

Uranium exploration company Bannerman Energy has recorded a $7 million total comprehensive loss for the first six months of the 2024 financial year, citing significant corporate and administration-based expenses.

Junior explorer Widgie Nickel is confident results from a recent scoping study at its Mt Edwards project bode well for its plans.

The treasurer says the upcoming federal budget will be a balancing act between fighting inflation and addressing a slowing economy.

 Weak growth raises risk to jobs, budget

The ASX200 finished 0.1 per cent higher even as official data showed the Australian economy slowed further in the fourth quarter.

Shares in Macro Metals rose by 50 per cent on Wednesday morning to 5 cents per share, following news of the company's recent asset and Board acquisitions.

ASX-Listed Globe Metals & Mining has announced that Grant Hudson will retire as chief executive officer on May 31.