News

Labor flags budget tax breaks

Shares across several Western Australia-based uranium exploration companies rose on Wednesday, following news overnight that the US senate unanimously approved a bipartisan bill to ban Russian imports from 2028.

Stronger-than-expected US wage data has again pushed back expectations for when the Federal Reserve might begin trimming interest rates.

High performance computing firm DUG Technology plans to open a new business unit in the Middle East, which will mark the company's fourth global geographical business hub.

Turaco Gold will raise $18 million to further accelerate drilling at its Afema gold project, located in eastern Côte d'Ivoire.

Labor’s plan to woo right investments

Greatland Gold managing director Shaun Day says the company would be open to consolidating ownership of the Havieron gold-copper project if the opportunity presented itself.

Despite its total group sales revenue rising by 3.4 per cent from $9.7 billion to $10 billion in the March 2024 quarter, Coles Group chief executive officer Leah Weckert is acutely aware that customers are minimising their discretionary spending.

Tietto Minerals has revised its recommendation to shareholders regarding a potential takeover from Hong Kong-based Zhaojin Capital.

Mining contractor Byrnecut Australia has bounced back from a challenging 2022 to post an improved net profit after tax in 2023.

A decision by Chalice Mining in January to review its expenditure appears to be paying off for the Tim Goyder-backed exploration company.

Labor’s bold $1b quantum start-up bet

The ASX200 has finished up 0.8 per cent, with every sector rising on the back of a tech-led rally on Wall Street.

Arafura Rare Earths remains confident of achieving a final investment decision for its Northern Territory-based Nolans project by the end of this year.

The Fremantle Dockers have appointed Graham Kerr and Nicholas Ellery to its board.

Liontown Resources continues to move closer to the first production of spodumene concentrate at its Kathleen Valley lithium project, following a positive March 2024 quarter.

A nickel explorer has formed a joint venture with two of Japan's industrial giants as Australia's allies move to secure long-term supplies of battery minerals.

The government claims it's anti-scam efforts are working after Australians' losses to scams declined for the first time in seven years.

Watchdog drops cases over CFMEU

The ASX200 has fallen 1.4 per cent as investors fear persistent inflation could convince the Reserve Bank to raise interest rates once more.

BHP lobs $60b copper play for Anglo American

The ASX200 gave up its gains to finish unchanged after a hotter-than-expected domestic CPI report made interest rate cuts less likely this year.

Australia's inflation rate has moderated further, despite coming in slightly above expectations at 3.6 per cent in the 12 months to March.

ASIO warns big tech on encryption

Exploration company Chalice Mining has announced an updated mineral resource estimate for its Gonneville nickel-copper-platinum project, located 70km north-east of Perth.

The ASX200 finished up 0.45 per cent, although goldminers, coalminers and uranium developers all ended well into the red.

Local stockbroker and investment banker Tony Cunningham has died aged 55.

Lithium Australia chief executive officer and managing director Simon Linge is pleased with the company’s progression heading into the final quarter of the 2024 financial year.

Shares in Super Pit owner Northern Star Resources dipped early on Tuesday, following the release of its March 2024 quarterly update.

Chalmers’ tune disputed

The ASX200 climbed 1.1 per cent, with every sector in the green except for energy after the threat of war between Israel and Iran appeared to fade.

Shares in ASX-listed WIA Gold rose by 18 per cent on Monday, following news that the company would raise $16.9 million in order to enhance project growth and exploration activities.