BHP Shifts Focus Post Anglo American Bid
In a significant strategic shift, BHP (ASX: BHP), one of the world’s largest mining companies, has moved on to pursue other growth opportunities following its unsuccessful attempt to acquire Anglo American earlier this year. BHP walked away from an ambitious $49 billion takeover bid for Anglo American in May after being rejected three times—a clear…
BHP Reaches $31.7bn Settlement in Samarco Disaster Case
Mining giant BHP Group (ASX:BHP) has reached a comprehensive agreement to settle claims stemming from the tragic Samarco mine dam collapse in 2015. The company has agreed to a historic US$31.7 billion settlement that seeks to provide significant reparations for one of the worst environmental disasters in Brazilian history. This settlement represents a substantial step…
South32’s Production Results for Q1 Come In Mixed
South32’s share price (ASX: S32) dipped slightly today, losing 0.27%, after a bullish month of trading saw 15.31% in gains for the stock. The metals and mining company has reported its production outcomes for the first quarter ending September 2024 in what reflects a mixed display of both strides and struggles across its varied commodities…
Paladin Energy Shares’ Volatile Moves As Mega-Cap Tech Invests In Nuclear
Stocks in the nuclear energy space have had a very volatile year, but with sentiment moving bullish on the sector in recent days, Paladin Energy shares (ASX: PDN) deserve a closer look. Despite a pullback in today’s session, where the shares lost 4.14%, over the past month, Paladin Energy’s stock price remains firmly green, gaining…
BHP Shares Dip Despite Boosting Iron Ore and Copper Output
Global mining giant BHP (ASX: BHP) has delivered a robust performance in the first quarter of the current fiscal year by exceeding iron ore output estimates and recording an uptick in copper production. The company’s successful increase in production is particularly attributable to the optimization of its operations and strategic investments in key areas of…
All Ords Hits New High As ASX 200 More Than Matches Move
The All Ords added 0.79% on a bustling trading day that saw Australian indices smash through all time highs. The XAO hit the new high of 8,654.70 in the first couple of hours, before settling down in the afternoon. Not to be outdone, the ASX 200 index concluded the trading day up by 0.86%, beating…
Rio Tinto’s Production Up Amid Inflation Challenges
Mining giant Rio Tinto (ASX:RIO) has reported a slight increase in iron ore production and shipments in the third quarter, maintaining stability in its production forecasts despite ongoing challenges due to inflation. Iron ore production at its Pilbara mine in Western Australia edged up by 1%, reaching 84.1 million tonnes, according to the latest data…
Liontown’s Shares 50% Up From Recent Lows, Remains Firmly Down On YTD
Liontown Resources’ stock price (ASX: LTR) has been making some steady gains, and bouncing off recent lows in September. After a challenging 2024 so far, with shares having fallen 50% on the year, the stock is now trading at 84 cents having made gains of 50% from the low of 56c set less than two…
Ampol Shares (ASX:ALD) Hit 52 Week Lows Before Push
Ampol’s share price (ASX: ALD) gapped down sharply today, opening almost 5% lower, and marking a new 52-week low of $27.68 in the early part of trading. The significant decline is a direct reaction from investors to the company’s latest third-quarter update that highlighted several areas of concern, yet the stock did rally through the…
REA Group Shares Close To New Highs As Morgan Stanley Set Healthy Price Target
REA Group shares (ASX: REA), traded on ASX under the ticker symbol REA got within 52c of a new 52 week highs in trading today at A$221.10 before ending up 0.5% at A$219. With gains of 40% for REA’s share price over the past 12 months, bulls will be pleased to see analyst coverage from…
