Australian iron ore giants’ shares sink on disappointing China stimulus
Analysts at Citi last week forecast a grim near-term outlook for iron ore prices, expecting iron ore to average $85 per tonne in 2026.
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Suitors circle American Eagle Gold as South32 takes 19.9% stake
To gain its initial stake in American Eagle, South32 has agreed to pay a 15% premium to the junior’s 5-day volume-weighted average trading price.
Iron ore price drops back to $100 as China’s latest fix disappoints
Futures declined as much as 2% in Singapore after slumping on Friday, when the Chinese government unveiled a debt-swap plan.
Liontown Resources trims output plans for Kathleen Valley, flags cost cuts
Liontown also flagged up to A$100 million in cost reduction and deferrals expected to be captured during its business optimization program.
China, Indonesia seal $10 billion in deals focused on green energy and tech
The countries agreed to enhance collaboration in sectors such as new energy vehicles, lithium batteries, photovoltaics and the digital economy.
Stallion Uranium sheds Idaho antimony project, narrows focus to Athabasca Basin
Stallion currently holds a portfolio of uranium properties covering roughly 3,000 sq. km. in the Athabasca Basin.
US judge narrows investor lawsuit against Rio Tinto over Mongolian mine
Rio Tinto and its former CEO are accused of defrauding investors by concealing problems developing the $5.3 billion Oyu Tolgoi mine.
Barrick falls behind rivals as No. 2 miner misses boost from bullion boom
Missed production targets, higher operational costs and political turbulence at mines in Africa and Asia have investors turning increasingly sour on the world’s second-biggest gold producer.
Japan, Peru to agree on cooperation in mineral mining technology
The two governments aim to create stable supply chains in Peru for critical minerals such as copper and zinc through technology provided by Japanese companies.
