With the Reserve Bank of Australia today cutting interest rates a further 25 basis points, investors have headed back into stocks on the Australian Securities Exchange (ASX). The S&P/ASX200 closed up 48.2 points, or 0.58%, at 8,343.3 points today (20 May). Over the past week, the index has advanced 0.91% and is 3.16% away from […]
The Reserve Bank of Australia has today cut the cash rate by 25 basis points to 3.85%, amid falling inflation, tight labour markets, weak productivity, and softer GDP and CPI forecasts. The last time the cash rate was 3.85% was 3 May 2023. At 2.9%, annual trimmed mean inflation was below 3% for the first […]
Pilbara lithium and tantalum explorer Yari Minerals (ASX:YAR) has branched out into metallurgical coal with the acquisition of the Rolleston South Coal Project in Queensland’s Bowen Basin. The junior explorer owns five lithium and tantalum exploration licences covering 1,000km2 in the Pilbara region of Western Australia and has now completed the acquisition of Resource Chain, […]
The Australian Securities Exchange (ASX) closed down as investors wait to see if the Reserve Bank of Australia will cut rates at its meeting tomorrow (20 May). The S&P/ASX200 dipped 48.6 points, or 0.58%, to 8,295.1 points after ending last week at a three-month high. Over the past week, the index has advanced 0.78% and […]
The S&P/ASX200 edged back 37.40 points, or 0.45%, to 8,306.3 points in early trade this morning (19 May), led by the materials sector. Over the past five trading sessions, the index has gained 0.91% and is 3.59% below its 52-week high. Seven of the 11 sectors fell after the opening bell. Materials slipped 0.37%, utilities […]
Resource Capital Funds (RCF) has completed the acquisition of mill relining systems original equipment manufacturer Russell Mineral Equipment (RME) following a sale agreement on 16 November 2024. With the deal completed, the investment in Russell Mineral Equipment will enable a number of priority areas, including accelerating the deployment of RME’s advanced technology system. The investment […]
Global iron ore prices are likely to remain between US$80 and US$100 per tonne over the next 12-18 months due to subdued demand and high supply, limiting earnings growth for major producers. This is according to a May 2025 Moody’s Ratings report, which says China’s (A1 negative) structural decline in steel production will negatively affect […]
The Australian Securities Exchange (ASX) has reclaimed a three-month high with things remaining relatively quiet on the trade front and the strong possibility of an interest rate cut next week. The S&P/ASX200 closed up Friday (16 May) 46.2 points, or 0.56%, at 8,343.7 points. Over the past week, the index has advanced 1.37% and is […]
Medallion Metals (ASX:MM8) is raising $27.5 million through an institutional placement to progress its sulphide development strategy, in hopes of acquiring IGO’s (ASX:IGO) sulphide flotation plant in Western Australia. As reported by Mining.com.au, Medallion, which has a market capitalisation of $114.9 million, is in exclusive discussions with IGO to acquire the Cosmic Boy Flotation Plant, […]
The Western Australian Government has appointed Saj Abdoolakhan as the new Small Business Commissioner and CEO of the Small Business Development Corporation (SBDC). Abdoolakhan brings experience from senior leadership roles within the Department of Energy, Mines, Industry Regulation and Safety, where he led regulatory functions across the building and energy safety sectors. As Small Business […]