Wood Mackenzie has forecast that lower Chinese demand will be the driving factor that causes iron ore prices to decrease by more than 10 per cent in the coming months.
The market value of the world’s top 25 metals and mining companies has declined by 6.9 per cent in June after two straight months of increases, according to S&P Global Market Intelligence data.
Chalice Mining is pursuing a demerger of its Australian gold assets, including the Pyramid Hill project in Victoria, to increase focus on the high-grade Julimar nickel-copper-platinum group elements (PGE) project in Western Australia.
NRW Holdings has secured an agreement to sell 38 mobile mining assets owned by subsidiary Golding Contractors to Boggabri Coal for $81 million.
Mako Gold has secured binding commitments to raise $10 million to charge an accelerated exploration program and growth strategy at the Napiè gold project in Côte d’Ivoire, West Africa.
Alkane Resources has exceeded expectations at the Tomingley gold operations in New South Wales by surpassing its production guidance for the 2021 financial year. Read more
Poseidon Nickel has reported one of its best high-grade intersections yet during the current drill program at the Golden Swan nickel sulphide discovery in Western Australia. Read more
Sandfire Resources is closer to finalising a contract with Perenti subsidiary African Mining Services (AMS) at the Motheo copper mine in Botswana after securing the mining licence for the operation. Read more
Carpentaria Resources has raised $35.6 million to advance the bankable feasibility study for the Hawsons Iron project in New South Wales.