Articles On Magnetite Mines (ASX:MGT)

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...

Magnetite Mines (ASX:MGT) has received approval from the South Australian Cabinet for the access of a discarded Murray Basin wastewater source for its magnetite processing at the Razorback Iron Ore Project.  Cabinet has approved a 6-mont...

ASX to open lower again after a selloff on Wall Street The all-crucial August CPI data due at 11.30am AEST today City Index has provided a list of the most common trading mistakes   Aussie shares are poised to open lower once again after...

Futures are pointing to Aussie shares opening lower this morning, continuing their ongoing downfall in recent weeks and following a sell-off in New York. Meanwhile, Amazon is facing a lawsuit in the US for allegedly abusing its dominance...

A green steel market has taken another big step after Fastmarkets launched its first Asian green steel premium on Friday Fastmarkets regional editor Asia Paul Lim told Stockhead premiums paid for low carbon steel had been seen in excess o...

Iron ore has in recent memory performed extraordinarily poorly in the second half thanks to a recent cycle of unfettered steel output in the first half of the year in China followed by a string of Government controls to keep output falling...

Mineral Resources could face a deadline in its efforts to create a new magnetite iron ore province in WA’s Yilgarn region Fenix Resources shares drop despite $29m profit as dividend more than halves Bowen Coking Coal retools as Bathurst R...

BHP sees cost support for iron ore prices at between US$80-100/t It suggests strong margins could remain in place for a while, even as majors look to ramp up iron ore supply and questions hover over Chinese steel demand The process to sel...

CZR is eyeing a future market for green steel with potential magnetite development with exploration target at Ashburton magnetite Ashburton is located 50km south of WA’s largest magnetite producer in the Pilbara, Sino Iron Mark Creasy-back...

IEA predicts coal demand will remain around record levels in 2023, driven by China, India and South-East Asia Exports of thermal and met coal could outstrip 2019 record Rio boss admits China steel may have peaked Coal is on the nose with...

Around 70% of the world’s steel is still made in coal-fired blast furnaces which pump out two tonnes of CO2 for every tonne of steel produced, accounting for ~7% of global greenhouse gas emissions. A sizeable number. Emissions from steel mu...

Try predict what commodity prices will do, and iron ore in particular, and they will make a fool of you. That’s what analysts, economists and forecasters do without any real sense of certainty, especially given the opaque nature of the Chin...

If coal’s crazy 2022 was a wonder to behold and a watershed moment for investors who have spent years chastising the ESG lens that has quickly and loudly engulfed the resources market, 2023 has been a chastening experience for those who tho...

Magnetite Mines (MGT) reports an increase in probable ore reserves for its flagship Razorback iron ore project, located in regional South Australia The company announced a maiden probable ore reserve of 362 million tonnes at a 16.8 per c...

China’s state iron ore buyer seems to be costing its mills more money than it is saving them in price negotiations with miners Reuters reports little has changed in the iron ore trade since the much-hyped introduction earlier this year of...

Falling met coal prices have helped stabilise steel mills, providing solace for iron ore miners who have seen prices fall Chinese property data remains a concern for iron ore: NAB Genmin submits mining permit application ahead of FID for B...

ShareCafeASX closes 0.4% higher as US futures rise by Peter Milios   The S&P/ASX 200 index finished 0.4 per cent higher at 7,220 points as a result of the rise in US futures due to Apple’s better-than-expected results. This gain in the...

ShareCafeResults from Macquarie & ANZ: ASX 0.11% higher by Peter Milios   At noon, the S&P/ASX 200 is 0.11 per cent higher at 7,200.80. Macquarie Group (ASX:MQG) reported a record profit of $5.18 billion for the year ending March 31...

ShareCafeStocks of the Hour: SPT, IPD, MGT                    Splitit Payments (ASX:SPT, OTCQX:SPTTY), announces it has signed a new two-year partnership agreement with Visa. Through this collaboration, participating acquirers and mer...

05 May 2023 - A snapshot of the stocks on the move featuring Splitit Payments (ASX:SPT), ImpediMed Limited (ASX:IPD) and Magnetite Mines (ASX:MGT).

ASX-listed iron ore company Magnetite Mines (ASX:MGT) has signed a memorandum of understanding (MoU) with the District Council of Peterborough in support of the Razorback Iron Ore Project in South Australia. The company reports the MoU is ‘...

Despite prices falling this year, Australian Pacific Coal interim CEO Ayten Saridas says the thermal coal market has legs Its Dartbrook mine restart is one of a handful of coal developments approved to come online in the coming year Iron o...

Magnetite Mines (ASX:MGT) has secured land access rail-side infrastructure development at the Razorback Iron Ore Project, located in Hillgrange, South Australia.  The securement of the land access was through the negotiation of an exclusive...

Chinese steel and iron ore demand an opaque picture as always as strong prices remain Sundance continues legal fight over African iron ore project Could ASX-listed Siberian coal miner be falling foul of Australian sanctions? Chinese steel...

ShareCafeASX recoups some earlier losses to close 0.29% lower by Peter Milios   At the closing bell, the S&P/ASX 200 was 0.29 per cent lower at 7,360.20, primarily due to a 1.9 per cent decline in the energy sector, with Woodside (ASX:W...

18 Apr 2023 - A snapshot of the stocks on the move featuring Larvotto Resources (ASX:LRV), OD6 Metals (ASX:OD6) and Magnetite Mines (ASX:MGT).