iron ore companies asx

“Port iron ore inventories increased, while the vessel queue lengthened.”. … Twiggy Forrest’s iron ore juggernaut Fortescue Metals delivered a $1 final dividend - up from 23 cents - for a total $2.25 billion as it posted a record profit on soaring iron ore prices. After hitting record highs, iron ore futures had eased 4% yesterday, contributing to an overall weaker broader index. View today’s LCY share price, options, bonds, hybrids and warrants. A full list of 680 Materials Companies including Chemical, Gold, Steel & Diversified listed on the Australian Stock Exchange. The price of iron ore fell 6.1 per cent to $US164 a tonne, partly due to fears over weakening demand in China, according to NAB data. 0. Genmin (GEN), an Australia domiciled exploration and development company with a pipeline of projects in the Central African nation of Gabon, has listed on the Australian Securities Exchange. What about iron ore? Iron ore is forecast to be the first Australian commodity to hit $100 billion in export earnings in a year, with ASX 200 miners like BHP Group Ltd (ASX: BHP) set to benefit. The company has two advanced high grade iron ore assets on a fast track to production at a period of strong iron ore prices and a positive outlook. The drop in iron ore prices weighted on miners’ stock. Shares in the by now, pay later company rose despite news that PayPal, the US payments company, would offer a rival service in Australia. Fortescue Metals rose 13.3 per cent to a new record high close of $20.65 and BHP added 4.9 per cent to finish at an 18-month high $41.25. Some of the Australian mining industry’s biggest names have paid tribute to one of the nation’s most successful geologists. The ASX 200 has the iron ore miners to thank for Thursday's gains. Western Areas Limited. Lion One Metals (LLO) has added two more drill rigs to its fleet and has recorded high-grade gold results from its Tuvatu Alkaline, Be the first with the news that moves the market, ASX Today: US reversal signals strong start, Anson Resource’s (ASX:ASN) lithium brine outperforms commercial batteries, Recce Pharmaceuticals (ASX:RCE) makes debut on Frankfurt Stock Exchange, Race Oncology (ASX:RAC) receives compelling preclinical breast cancer results, Digital Wine Ventures (ASX:DW8) shares rise on WINEDEPOT update, Elixir Energy (ASX:EXR) kicks off 2021 field program, Vital Metals (ASX:VML) ships bulk samples ahead of rare earth production at Nechalacho, VIAGOLD RARE EARTH RESOURCES HOLDINGS LIMITED, Gabon-focussed exploration and development company Genmin (GEN) has listed on the Australian Securities Exchange, The company is headquartered in Perth, Australia, and has a pipeline of three iron ore projects in the country on the Atlantic coast of Central Africa, Its largest asset is Baniaka, a feasibility stage project with a JORC-compliant resource of more than 250 million tonnes at a grade of 40.1 per cent iron, Genmin's listing on the ASX follows a $30 million initial public offering (IPO) at 34 cents per share, Funds from the IPO will enable the company to complete a preliminary feasibility study and infill drilling at Baniaka as well as further exploration at its other projects, GEN shares will commence trading at 1 pm AEDT. Noronex (NRX) has completed the first-ever airborne electromagnetic (AEM) survey over its 780-square-kilometre tenement package in Namibia. The Legacy Iron Ore Ltd (ASX: LCY) share price is up 7% in early afternoon trade, having posted gains of 29% earlier in the day. Dr Lowe was speaking at The Australian Financial Review Business Summit. Climate has also impacted the price, according to RBC Capital Markets analysts. Reserve Bank governor Philip Lowe earlier today said the case for extending the bond purchase program will be considered later in the year, and it is prepared to do more buying "if that is required". 00:00. MAGNUM MINING & EXPLORATION (ASX:MGU) Canadian institutional investor First Growth Funds now owns 5.3 per cent of this up-and-coming iron ore play. Iron Ore Prices Down, Fortescue Metals Share Price drops 6% (ASX:FMG) Fortescue Metals Group Ltd [ASX:FMG] is down today 5.77% at time of writing after iron ore prices fell 2.4% to US$165.07 a tonne. A small ASX iron ore company, Iron Road (ASX:IRD), is also developing a green hydrogen project for iron ore pellet production in South Australia’s proposed Cape Hardy port. Kogi Iron Limited is an ASX-listed company (ASX: KFE) with the intent to build a cast steel plant on the Agbaja Plateau in Kogi State, Nigeria. Fe Limited's (ASX:FEL) (FRA:B4T) Mark Hancock speaks to Proactive's Andrew Scott soon after raising $5.5 million in well supported placement to … Latest Posts. The project could serve as a prototype for green hydrogen projects in Australia’s iron ore sector as it hopefully moves from the drawing board and into reality over the next few years. Details, news and share prices. Greensill Capital’s decision to file for insolvency tumbled into the political arena on Wednesday when opposition MP Ed Husic pressed the government on concerns thousands of Australian steelworking jobs are at risk. In terms of extending the QE program beyond September, ANZ concludes it all comes down to whether the RBA is making progress on the full employment and inflation mandates, "and could they do more to accelerate it". Samantha Goerling Senior Presenter and Markets Reporter [email protected] 10 March 2021 11:20 . Silver Lake Resources gained 7.3 per cent and Gold Road Resources added 5.2 per cent for the day. Funds from the IPO will enable the company to complete a preliminary feasibility study and infill drilling at Baniaka, as well as further exploration at its other two projects. 0. Legacy Iron Ore Ltd (ASX: LCY) stock price was up 7% in the early afternoon after rising 29% earlier in the day . FALLS in the iron ore price and subsequent selling of FMG, Rio Tinto and BHP has seen Metals & Mining close down nearly 3% on the ASX 200. 4.24pm on Dec 3, 2020 ASX finishes 0.4% ahead on huge iron ore rally GFG is owned by Sanjeev Gupta and is battling to save the sprawling empire from the Greensill fallout, writes Lucas Baird. Iron ore stocked dragged the Australian sharemarket lower on Wednesday after new anti-pollution measures in China sent the price of the steelmaking commodity tumbling. Pilbara … CZR Resources Ltd (ASX:CZR) is focused on gold and iron ore in Western Australia on tenements that are both prospective and proximal to transportation infrastructure. Czr Resources (previously known as Coziron Resources), is a mineral explorer with gold and iron ore… Minvoul/Bitam which is located in northern Gabon near the border with Equatorial Guinea, is an early-stage exploration project. Three of the five top performers for the day were gold miners with Ramelius Resources leading the market with a 9.8 per cent gain. The drop in iron ore price was partly due to the prospect of weaker demand from China. Motivated by recovering iron ore prices, Strike Resources (ASX: SRK) has announced a maiden resource for its Paulsens East iron ore project in Western Australia and aims to fast-track its development within the next nine months. The EBIDTA and revenue from the iron ore segment rose by 30.77% and 20.53% respectively from the levels of the previous year. He said there needed to be discussions with companies affected by the Greensill collapse over what extra support may be needed to ensure workers are not left out in the cold. The bright spots for the day included the big tech groups on the Australian market after a roaring rally in the tech-heavy Nasdaq overnight, which added 3.7 per cent to the index. Czr Resources Ltd (ASX:CZR) is up 28.5% today with shares trading at $1.8 cents at the time of writing. While its name may suggest the Western Australia-based company exclusively explores and mines iron, Legacy Iron is also focused on gold, tungsten and other mineral discoveries Fortescue Metals Group Limited (ASX: FMG) has been the most spectacular performer of the ASX iron ore shares, doubling in value this year to a record all-time high of nearly $24. The Labor MP accused Prime Minister Scott Morrison and the government of “dragging their feet” on a response to the Greensill crisis. The price drop has also hit BHP Group Ltd [ASX:BHP] and Rio… 0. Finance > Capital-markets 10 March 2021 The benchmark fell 0.03 per cent after initially rising 0.3 per cent in early trade, following a strong showing on the US stock market that sent the tech-heavy Nasdaq composite benchmark 3.7 per cent higher. Offshore investors accounted for $6.15 billion or 63.4 per cent of Australian office transaction volumes by value in 2020, the highest proportion on record. Shares. Headquartered in Perth, the company has six exploration licences in the country on the Atlantic coast, covering three iron ore projects: Minvoul/Bitam, Bakoumba and Baniaka. 09:59. “A drop in Australian Government bond yields – due to the combined effects of the drop in US yields last night, as well as some push back from RBA Governor Lowe in a speech this morning on removing policy support – weighed on the financial stocks,” said IG Markets analyst Kyle Rodda. ASX: FEX. Western Australia holds just over 90% of Australia’s identified iron ore resources and has a reputation for producing consistently high concentrations of around 60%. The JobKeeper programme, which has provided support to businesses over the past year, will wind down later this month, withdrawing one of the big supports for the economy through the first recession in a generation. Moody’s Investors Service has warned that delinquencies on auto loan asset-backed securities will increase in Australia because of what it sees as a patchy economic recovery. The drop masks some stand-out performers for the day, including mining groups Silver Lake Resources, which gained 7.5 per cent, and Ramelius Resources, which jumped more than 10 per cent. Afterpay jumped 7.5 per cent, ending a recent run of losses, despite news that PayPal, the US payments giant, will extend a by now, pay later service to Australian customers. The Perth-based junior today reported a maiden JORC inferred mineral resource at the Pilbara project of 9.1 million tonnes at 63.4% iron, 5.6% silica and 3.2% alumina. The drop comes as prices for Chinese steel ease lower and still mills and iron ore sintering plants in Tangshan City face closures due to the first red-level pollution warnings in four years, according to NAB analysts. 0. The Company owns 100% of the Tombador iron ore project in Brazil. “The question marks around this and the calling in of administrators puts a big question mark on the operations of Australian or Australian-based businesses employing a lot of steelworkers,” Mr Husic said. Tombador Iron Limited (TI1, formerly Resa Group Limited) is an Australian ASX listed company. The Australian economist Sean Turnell, who advised Aung San Suu Kyi, is among 2000 people held in Myanmar after pro-democracy protests. Gabon-focussed iron ore company Genmin (ASX:GEN) lists on ASX Materials. The largest and most advanced of the assets is Baniaka, a feasibility stage project with a JORC-compliant resource of 257.9 million tonnes at an in-situ grade of 40.1 per cent iron. Total. Western Areas Limited is Australia’s class leading nickel producer, with high … The damage to banks was partly due to the prospect of lower interest rates for longer, after Reserve Bank of Australia governor Philip Lowe reaffirmed his outlook to hold the cash rate at its historic lows for potentially years to come, speaking at The Australian Financial Review Business Summit earlier in the day. Iron Ore Forum | Join the HotCopper forum today for free, page-1. CZR has the majority joint venture for the Yarraloola (85%), Shepherds Well (70%), Croydon (70%) and Yarrie (70%) projects in the Pilbara and Buddadoo (85%) project in the Yigarn. The Company plans to develop a low capex, simple, open-cut mining operation. BHP shares lost 2.8 per cent. “Weather-disruptions have impacted some iron ore mines and at ports in Northern China,” RBC analysts said in a Wednesday note. Beacon Minerals (BCN) has posted its production and sales numbers for February. In its annual report 2020, the Company reported EBIDTA of US$14,554 million and underlying revenue of US$20,797 million from iron ore. Rio Tinto (RIO), BHP Billiton (BHP) and Fortescue Metals Group (FMG) account for ~90% of Australia’s iron ore production (2014). Steel mills and iron ore sintering plants in Tangshan City are facing closures due to high rates of pollution, NAB analysts said in a note on Wednesday. Additionally, the company issued a further 12.2 million new shares to extinguish a US$3.2 million (approximately A$4.15 million) convertible note owed to Tembo Capital. The ASX was dragged lower by iron ore stocks after new anti-pollution measures in China sent the price of the steelmaking commodity tumbling. GEN shares will commence trading at 1 pm AEDT. Genmin's listing on the ASX follows a $30 million initial public offering (IPO) in which the company issued around 88.2 million shares at 34 cents each. Greensill, a supply chain financing company run by Australian Lex Greensill, is the primary funding channel for GFG Alliance, which owns South Australia’s Whyalla Steelworks. ASX Iron Ore showcase. ASX:GEN MCAP $118.1M. 0. NAB, the worst performer of the group, fell 1.5 per cent. View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer analysis and key company … 09:59. Moody’s reported $300 billion in new issuance of auto loan ABS in Australia for the fourth quarter and has rated the debt Aaa stable. Live. It said it now expects EBITDA margins for the full year to climb to between 37 per cent to 39 per cent, versus prior guidance between 32 per cent to 35 per cent. Zenith Minerals is planning to accelerate copper exploration at its projects in Queensland. ANZ and NAB shares were the worst of the group and fell more than 1 per cent. Mineral Resources is a leading Perth-based mining services provider, with assets focussed between iron ore and lithium. 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Plunging iron ore prices have pulled miners and the ASX lower on a day in which investors rediscovered growth stocks such as technology, going against the recent reflation trade. The S&P / ASX 200 wiped its early gains to tip into negative territory just before lunchtime in Sydney. Forums ... ASX - By Stock: Iron Ore: Re: List of Iron Ore stocks ... Pay dirt for Iron ore companies : Thread: sydbonzy: 11: 3.2K: 1: 03/02/21: 03/02/21: ASX - By Stock: Thread Created with Sketch. The Fortesque Metals Group Limited ( ASX: FMG ) share price also hit an all-time high of $22.95 per share, but has since pulled back slightly. Based on the IPO, Genmin' indicative market capitalisation upon listing is $136 million. Pilbara Minerals (ASX:PLS) Market cap: AU$854.81 million; current share price: AU$0.49. More than $34m has been spent at Magnum’s advanced Buena Vista magnetite iron ore project – located in the US state of Nevada — over the past decade, the company says. The … A 6 per cent fall in the price of iron ore overnight weighed on miners, with Fortescue Metals Group emerging as the day’s worst performing, dropping 8.3 per cent, followed by Rio Tinto’s 5.5 per cent drop. The S&P / ASX 200 fell 57 points to end the day 0.8 per cent lower at 6714 points on Wednesday. Software player Hansen Technologies is up 15 per cent to a 52-week high of $4.89 per share in morning trade after it upgraded its full year revenue guidance to between $316 million to $326 million on the back of a service deal with Telefonica Germany GMBH. As of March 8, 2021, the largest shareholder of fully paid ordinary GEN shares was Ndovu Capital with a holding of more than 248 million units, and seventh largest was Azure Capital Investments with six million shares. Nearby to Baniaka, and the Trans-Gabon railway from Franceville to the capital and port city of Libreville is Bakoumba, an advanced-stage exploration project with drill-ready targets. Sundance Resources Limited is an international iron ore company which is focused on becoming a world-class producer by developing the Mbalam-Nabeba Iron Ore Project in central West Africa and leading the development of the world's next great iron ore province. The All Ordinaries index dropped by the same margin. Financials were one of the poor performers of the day with all big four banks falling. Afterpay shares traded 8.4 per cent higher following the swift rebound in US tech stocks overnight, which pushed the tech-heavy Nasdaq index to a 3.7 per cent gain on Tuesday. It’s great that iron ore is so strong, it helps shareholders, states and governments during this difficult COVID-19 period as long as Chinese demand remains high. ANZ head of Australian economics, David Plank, points out the governor said he's prepared to alter the timing of purchases in response to market conditions, as it did last week, "and will do so again if necessary". Financials were among the laggards on the ASX 200 for the day with all big four banks sliding. Rio Tinto stock fell 4.4 per cent and BHP shares fell 0.2 per cent. Researchers have found the UK strain is up to twice as deadly as other variants; Dan Andrews will not need surgery after a horror fall. International up-and-comer Macarthur Minerals (ASX: MIO, TSX-V: MMS, OTCQB: MMSDF) has revealed it is targeting 2021 to complete the Feasibility Study on its Lake Giles project. MGX MOUNT GIBSON IRON LIMITED 207.3 Steel Australia EVR ENDEAVOUR MINING CORPORATION 200.4 Gold Cayman Islands ATU ATRUM COAL NL 187.2 Steel Australia The S&P / ASX 200 slipped 0.3 per cent by the early afternoon on Wednesday, erasing the gains of the morning, when the benchmark advanced by the same amount. The project will utilise company leased iron ore deposits and will supply a cast steel feedstock to steel manufacturing and product fabricators in Nigeria and overseas. “ABS delinquencies will continue to increase in Australia given the uneven economic recovery across the country, high unemployment and the end of government and lender support measures,” said Kan Leung, a Moody’s senior analyst in a report published today. However, there are other ASX dividend shares that I think can provide a more consistent and reliable dividend over the next few years such as Washington H. Soul Pattinson and Co. Ltd ( ASX: SOL ), APA Group ( ASX: APA ) and Brickworks Limited … Follow updates here. The Company’s 100% owned, flagship Iron Ridge Iron Ore Project is a premium direct ship ore (DSO) deposit which hosts a JORC 2012 compliant Mineral Resource located around 485 km by road from Geraldton port. “Port iron ore inventories increased, while the vessel queue lengthened.” The drop in iron ore prices weighted on miners’ stock.

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