South32 Secures Approval for Worsley Mine Expansion
South32 (ASX: S32), listed on the Australian Securities Exchange as ASX: S32, has achieved a significant milestone for its Worsley Mine Development Project by obtaining federal environmental approval. This approval, crucial for the project’s progression, was granted under the Environmental Protection and Biodiversity Conservation Act. This development follows a prior state approval received on December…
CSL Shares (ASX: CSL) Hit 52 Week Low, Looking For Support
CSL’s shares (ASX: CSL) have started the year with the bears leading the way, with a 0.26% decline today bringing the cumulative YTD loss to 8.86%. With a new 52 week low of $253.04 being hit on the day, this continues the trend seen towards the second half of 2024, where the share price fell…
Ross McEwan to Lead BHP as New Chairman
BHP shares (ASX: BHP) ended the day steady, with a mild gain of 0.05% coming as news that the world’s largest mining company has appointed Ross McEwan, former chief executive of National Australia Bank (NAB), as its new chairman. McEwan, who joined the BHP board less than a year ago, is set to take over…
Boss Energy Share Price (ASX: BOE) Makes Strong Start to 2025
Boss Energy shares (ASX: BOE) have started 2025 in fine form, gaining 34.68% through the early part of the year. This marks a significant reversal of fortunes for holders who had seen a prolonged bearish phase in BOE, with the stock firmly red over the past 12 months, to the tune of 43.58%. Shifts in…
Amcor Share Price Gains as Jefferies Upgrade to ‘Buy’
Amcor’s shares (ASX:AMC) are trading 3.29% in the green so far this year, as news that Jefferies has upgraded the stock from a Hold to a Buy rating helped shares maintain a 0.38% rise on an otherwise mildly red day. Amcor’s stocks price target was raised substantially, from $15.70 to $20.50. This decision comes as…
Rio Tinto and Glencore in Preliminary Merger Discussions?
Rio Tinto (ASX:RIO) and Glencore (LON:GLEN), two of the largest entities in the mining sector, are reportedly in preliminary discussions about a merger. Although still in the infancy, if any deal were to be successfully executed, this merger could significantly reshape the global mining landscape by creating a company with a combined market valuation exceeding…
RBA Meeting Expected To Deliver Rate Cut to 4.1%
The Reserve Bank of Australia (RBA) is approaching a pivotal decision point as inflation figures show signs of slowing down. The Australian Bureau of Statistics reported that the consumer price index (CPI) rose by just 0.2% in the December quarter, leading to an annual rise of 2.4%. Furthermore, underlying inflation, or trimmed mean inflation, decreased…
ASX 200 Index Retreats From Highs as Global Markets React to US Tariffs
Australian markets began the trading week on a downturn, as the ASX200 fell by 1.79% to close at 8,379.4 and the All Ords shed 1.84%. This sudden turnaround, with the XJO making new highs on Friday has been triggered by recent tariff announcements from the White House, with almost all major global indexes down on…
ASX 200 Breaches 8,500 in Reaching New High
The ASX 200 achieved a landmark high in trading today, breaching 8,500 to set a new all-time-high at 8,515.70 before settling in to the close up 0.55% at 8,493.7. The All Ords also made impressive gains of 0.52%, but just fell shy of it’s own all-time-high of 8771.30 in hitting an intra-day peak of 8,768.50….
Kingsrose and BHP Report High Grade Rockchips and Progress
Kingsrose Mining Limited (ASX: KRM) has announced a significant progress update on its exploration projects in partnership with BHP (ASX: BHP) in Finnmark, Norway, and Central Finland. The company is focusing on unearthing critical minerals, including copper, nickel, and platinum group elements (PGEs), utilizing advanced geophysical and geochemical techniques. Fabian Baker, Managing Director of Kingsrose…
