Articles On Magnetite Mines (ASX:MGT)

Anglo American sells Queensland coal mines for up to US$3.8bn Buyer Peabody says Australia is the place to be to supply key Asian market Iron ore downside risks limited with steelmakers facing US tariffs: ANZ   Bulk Buys looks at this mon...

BMG plans drilling at well placed 518,000oz Abercromby gold project Tesoro, G50, Magnetite Mines up on no news Metal Hawk raises $2.5 million for gold drilling Your standout small cap resources stocks for Wednesday, November 13.   BMG RES...

ASX falls 1pc with banks and miners hit MinRes drops after halting Bald Hill operations Trump taps Musk to lead new DOGE department   Investors were clearly feeling jittery on Wednesday, with many trimming positions in riskier assets amid...

Highlights Trump victory sparks global market reactions; ASX rises slightly. Energy sector performs well; Real Estate sector impacted by rate sensitivity. Sigma-Chemist Warehouse merger receives ACCC approval, boosting Sigma shares....

BHP says green technologies are replacing crummy property sector, remaining bullish on China’s steel market Whitehaven Coal avoids strike at AGM Rinehart rolls in the billions at Roy Hill Beset by activists, campaigned against by the Mini...

A new consortium called Green Iron SA has been launched to accelerate the establishment of a green iron industry in South Australia.  The consortium comprises iron ore-focused Magnetite Mines (ASX:MGT), freight rail transport company Aur...

The ASX200 has been down 1.3% at 8,235 points in afternoon trade. Profit takers have swooped in after the bourse came within a whisker of yet another record high yesterday. Investors have pared RBA rate cut expectations after three ye...

Crushed iron ore. Image: Graphic Resources/stock.adobe.comA new consortium has been officially launched with the aim of accelerating South Australia’s green iron industry. Green Iron SA is comprised of mining developer Magnetite Mines, con...

Magnetite Mines (ASX:MGT) has joined a consortium including GHD, Aurizon Holdings, and Flinders Port that’s aiming to accelerate SA’s green iron industry. Green iron refers to iron produced and exported with lower greenhouse gas emission...

ASX set to open lower after Wall Street pullback Spirit Airlines soars 53pc after securing debt relief Why the S&P 500 could smash 6,000 soon   The ASX is poised to open significantly lower when the market resumes on Tuesday, with Wal...

Of the 42 iron ore stocks tracked by Bulk Buys, just five are in positive territory in 2024 Spot prices have fallen from US$140/t to US$97/t, salvaged by a bump from Chinese stimulus plans this week But the top ASX iron ore stock of 2024,...

The ASX200 closed fairly flat at 8,103 points. Tomorrow sees the release of crucial Q2 growth numbers and analysts will slice and dice the data in an effort to predict the RBA’s next interest rate move. The Staples sector was aggressi...

Cost support is still sitting in the US$80-100/t range, BHP says, despite jitters in the Chinese economy and steel market Iron ore was back above US$100/t yesterday with marginal ‘swing’ supply now covering a large portion of demand BHP no...

Leeuwin Metals has uncovered Robe River style iron ore mineralisation at its West Pilbara project Relative stability in iron ore price makes it an interesting place for juniors, provided they’re in the right locale M&A and board disput...

Magnetite Mines (ASX:MGT) has announced it’s produced green iron grade concentrates using saline water. Using ore from the company’s Razorback iron ore play, the company describes its mission as one to produce “rare premium-grade concen...

Chinese and Guinean governments give green light to Simandou infrastructure deal Rio’s share of the mega project will clock in at US$6.2bn What impact will the high-grade West African iron ore mine have on supply?    The Rio Tinto (ASX:RI...

Asian steel capacity growth likely to underperform forecasts: S&P’s Paul Bartholomew Manufacturing has replaced property as the key driver for steel markets in China Banks bearish on iron ore, with supply growth coming later this decad...

South Australia-focused iron ore developer Magnetite Mines Ltd (ASX:MGT) has signed a deal with JFE Shoji Australia Pty Ltd – a subsidiary of Japanese steel supplier JFE Shoji Corporation – to progress its Razorback Iron Ore Project through...

The ASX200 is set to trend downwards today, with futures expected to fall by 0.09 percent, despite a strong performance by US markets on Friday, but instead likely pushed down by a slump in the iron ore price. According to trading on a c...

Anglo coal mine fire has prices running er… hotter Fastmarkets steel markets expert Paul Lim says the closure could delay the planned sale of Anglo’s coal division, but world class assets will still attract buyers Iron ore baby bounces on...

BHP confident steel customers will be able to use carbon capture to reduce emissions from blast furnaces The world’s biggest miner is hopeful its Pilbara ores can also be used in greener DRI-ESF steelmaking processes China ramps up imports...

Metals are booming again 13 resources winners with gains above 100% in May; a recent record 13 out of the 50 top performers last month were engaged in a project acquisition, M&A activity, or joint venture Small Cap Standouts: Australia...

What grabbed the headlines last week?   Dovish noises from European central banks, a dovish note from the US Fed and some warmly welcomed weak-ass US labour market data gave Wall Street a pretty tailwind last week, the benchmark S&P500...

Goldman Sachs tips 2025 surplus for iron ore as Chinese infrastructure and property market pull steel demand in opposite directions Thinktank warns on met coal costs if market heads into decline But miners remain bullish there is a long r...

BHP’s $60 billion bid for Anglo looks like it’s all about copper But it could also make BHP a dominant producer of premium hard coking coal Why does the marriage of the Bowen Basin cousins make sense? BHP’s (ASX:BHP) proposed acquisitio...

Coal markets are on watch for the impact of a shocking bridge collapse blocking the Baltimore port Jarden says stronger Asian steel spreads linked to lower iron ore and met coal prices will be positive for BlueScope Iron ore unlike to dip...

Iron ore prices briefly dipped below US$100/t last week as weak steel fundamentals bite in China BHP’s new CFO Vandita Pant says African iron ore could disturb a balanced market between supply and demand But the world’s biggest miner is b...

Vale reported a strong fourth quarter, but has pledged to add quality tonnes in iron ore rather than just boost scale Executives at the Brazilian giant say while grade premiums are weak, the pellet market will stand out Needed in green st...

Iron ore prices shocked to the upside last year, with BHP saying ‘contestable demand’ has eluded bearish estimates for the past five years BHP CEO Mike Henry is bullish on India as a growing hub for steel production, but coking coal could...

Port Pirie Regional Council and Magnetite Mines (MGT) have signed a memorandum of understanding (MoU) to boost the development potential of the region as a future green iron production hub. The MoU providesRead MoreAustralian Mining.

Coking coal prices surge as China looks to tackle safety at deadly Shanxi coal mines China threatens iron ore price crackdown, in perpetually ineffective jawbone Perth and Canberra continue to get fat on iron ore outperformance Coking c...

Andrew Forrest’s FMG copped a first strike against its remuneration report for executive and director payments defended by the mining billionaire Fortescue’s iron ore boss says its new blend of “green” high grade and low grade iron will h...

The ASX benchmark has closed slightly lower on Friday Losses across the Energy Sector weighed Small caps led ID8   The Aussie sharemarket has ended lower on Friday, driven to a small disgrace by the ongoing declines in oil prices – down...

Iron ore is trading near US$130/t, with investment bank analysts ratcheting up forecasts for 2024 Big banks remain more sceptical that iron ore can hold as China’s property market and emissions reduction hopes loom Glencore joins with Asi...

Magnetite Mines (ASX:MGT) has signed a non-binding memorandum of understanding (MoU) with Pacific Partnerships, a subsidiary of engineering-led construction, mining, services, and public private partnerships (PPPs) firm CIMIC Group. Magn...

The ASX has closed higher Healthcare leads sector gains Small caps led by KTA and FG1   The Aussie sharemarket has trimmed the fat off this morning’s substantial gains – at one stage there we were easing past the 7,350 mark and off to th...

ASX200 closes +0.28% higher Healthcare leads gains, ASX All Gold rises over +3% Small caps led by takeover target Whispir   The Australian sharemarket has ended higher on the first day of what is certain to be another week of intensely tr...

ASX200 closes +1.13% higher Property stocks, Industrials and IT Sector gain more than 2% Small caps led by takeover target MCM   The Australian sharemarket has ended the first week of November with another stout performance, momentarily a...

ASX200 closes 0.9pc higher Property stocks and IT sector enjoy huge day Small caps led by DCL   The Australian sharemarket has lifted strongly on Day Two of Trading in November, the Best Month for Trading Ever. Local investors got stuck r...

High-grade magnetite is intrinsic to our clean energy transition The material is key to lowering CO2 levels at the industrial level Cyclone Metals has a giant of a magnetite deposit up in Canada   A few little birdies on the back 9 a whil...

ASX200 climbs a very laudable +0.85%  Property stocks (+1.9%) and Health Care (+1.24%) have led the gains Small caps led by Loyalty Lithium, TG6 and Tambourah Metals   The Australian sharemarket has lifted strongly on the first day of the...

Gina Rinehart’s Hancock Prospecting pulled in a profit of over $5 billion for the third year running Its 70% owned Roy Hill mine, where the company will roll out its first electric locomotive next year, remains the mainstay TerraCom dumps...

Benchmark ASX closes below 6,800 points  All Sectors in red, but for IT Small caps led, in a very big way, by TG6    The benchmark has ended sharply lower after weak overseas leads, strong retail data and an all-round international-flavou...

Stockhead’s In-Case-You-Missed-It highlights today’s most interesting small cap stories that might have slipped beneath your radar. Below is a wrap of the top 20 performing stocks, by percentage, who made announcements today.   ICYMI Leader...

Benchmark ASX index ends -0.6 lower Utilities only sector in the green Small caps led by LSA, AZS   The ASX200 has closed 42 points (-0.61%) lower on Thursday. May as well get you a pic. I’ll point out the important bits…   ASX200 ON THUR...

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the trading day by...

Low grade iron ore has been resilient in spite of rising enthusiasm for green steel But Champion Iron says signals for stronger high grade iron ore demand are emerging BMI says coking coal rally could run further in 2023 before moderating...

The Week That Was The world looks very different this week after the addition of what Barclays economic team calls ‘a complex cocktail of geopolitical risk, mixed macro data, a nervous oil market,’ and a US Fed finding nice things to say ab...

Benchmark ASX index closes -0.6% lower, but gains for the week ASX Sectors led by Utilities which jumped +5.0% since Monday Small caps led by HOR, FTZ, SWF   The ASX200 has closed lower on Friday, ending the session -0.6% lower, but ahe...

High prices, low discounts set stage for development of CZR’s Robe Mesa deposit in the Pilbara Rio Tinto ramps up low grade iron ore sales to lift output With CZR on Rio’s doorstep could the DFS finally be the trigger for a takeover? Ma...