Articles On Magnetite Mines (ASX:MGT)

Magnetite Mines managing director Tim Dobson. Image: Green Iron SAMagnetite Mines has confirmed additional rare earth mineralisation at Ironback Hill following lab results from 294 reverse circulation re-assayed samples, with drilling now i...

Iron ore and coal have been unfashionable sectors in 2025 But there were gains to be found in a handful of places across bulk commodities this year These six ASX stocks have printed large gains, with two coal juniors more than doubling in...

BHP has been mum on the outcome of iron ore price negotiations with CMRG RBC’s Kaan Peker thinks BHP-Rio merger or alliance could wrestle negotiating power back for miners The coal miners Morningstar views as undervalued   BHP (ASX:BHP) a...

After five months of consecutive gains, the ASX 200 fell 0.78% in September with nine of 11 sectors in the red Smaller companies performed strongly with the ASX Emerging Companies and ASX Small Ordinaries rising 13% and 3% respectively Emb...

Exports from Simandou are months, if not weeks away S&P Global analysts say it could put 270Mt of high-cost production at risk Coal miners ramp up fight against QLD royalty rates For years it’s been dubbed the Pilbara Killer. Simandou...

ASX climbs 0.51pc with 9 of 11 sectors higher Real estate, discretionary and info tech lead gains Rising gold prices support materials sector ASX closes out first September week on a semi-positive note The ASX 200 lifted 0.51% or 44.7 po...

Morning, and welcome to Stockhead’s Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10.15am in the east, once trading kicks...

Highlights Australia risks falling behind in green iron development Magnetite projects remain in early stages Select companies show progress in advancing projects Australia holds vast potential in magnetite resources, which are es...

Australia risks falling behind comparable countries to produce low-emissions iron despite significant magnetite resources, according to analysis from the Institute for Energy Economics and Financial Analysis (IEEFA). IEEFA on Wednesday l...

Fortescue remains committed to its US$6.2bn decarbonisation project even as lower profits and heavy capex bites CEO Dino Otranto says Australia should still be aiming to become a green iron manufacturer Dividends from mining giants slide i...

ASX falls from record highs, down 0.57pc Broad sell off, with 7 sectors down Energy, info tech show some stirrings of life   Investors take profits, pushing ASX lower The ASX has tumbled from its lofty heights above 9000 points, retreatin...

Bulls N’ Bears ASX Runner of the Week is… Kaili Resources, after the company’s share price broke a Runners’ record by flying 8333% in a single day on news of it was drilling for rare earths in South Australia.

ASX smashes records to close at intraday high of 9019 points Market shows impressive strength, with every sector and index moving higher Industrials sector a powerhouse of momentum   It’s over 9000!! The ASX is well and truly showing its...

ASX shifts gears around 11am to lift 0.25pc by end of trade Banks, discretionary and real estate lead gains Materials drags as James Hardie dives   ASX settles back into green Earnings season is making for a bit of a seesaw on the ASX thi...

Highlights Healthcare sector drives decline in the market Infrastructure and engineering companies post stronger results Exploration firms report significant project updates The Australian share market closed lower, wi...

MGT will undertake low-cost follow-up work to test a REE find in South Australia Further antimony has been identified at the Reynolds Range project in the NT First phase drilling is underway at RML’s Horse Heaven gold-antimony project   Y...

ASX bulls take a breath as market falls 0.7pc Healthcare leads losses, down 8.7pc Biotech heavyweight CSL suffers worst single day losses in decades   Healthcare sector in need of resuscitation The ASX has given up its bull rush for the m...

Good Afternoon and welcome to HotCopper’s Market Close for Tuesday 19th of August, I’m Jon Davidson. All good things come to an end, and that’s been true on Tuesday for the bull run we’ve been enjoying lately – though, healthcare giant CSL’...

Morning, and welcome to Stockhead’s Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10.15am in the east, once trading kicks...

Magnetite Mines (ASX:MGT) has soared as much as +150% in the Tuesday morning session after the Australian company reported finding evidence of REE mineralisation on-site at its Ironback Hill project. Listen to the HotCopper podcast for i...

ASX closes out week-long rally on new record high of 8938 points Market set a new intraday high every day this week Broad sector strength, led by financials and materials   From strength to strength The ASX’s trade performance this week h...

Morning, and welcome to Stockhead’s Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10.15am in the east, once trading kicks...

Morning, and welcome to Stockhead’s Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10.15am in the east, once trading kicks...

Coal could be a major part of the global energy make-up for years beyond its previous use-by date WoodMac says coal demand could be as much as 32% higher than previously assumed on average to 2050 Prices are depressed, but could rebound wi...

Magnetite Mines managing director Tim Dobson. Image: Green Iron SAMagnetite Mines is advancing the development of its Razorback iron ore project in South Australia, securing technical gains and progressing strategic investment discussions....

Green iron has become a major talking point in Australian political circles  But the biggest handbrake on the nation-building industry could, ironically, be Australia’s raw materials Cyclone Metals is blazing a trail in the space at Canada...

Rio Tinto flags US$13bn Pilbara cash splash in iron ore vote of confidence Big miners continue to see price support for Australia’s cash cow Coal prices lag, but they may not have much further to fall The large end of town remains committ...

The top 3 commodities for July include gold (duh), copper and nickel RareX takes top spot for the biggest monthly stock gain Trek Metals and Errawarra Resources nab honourable mentions   It’s a good time to be in gold, even if a rare eart...

Australia’s S&P/ASX 200 records its first back-to-back monthly fall since October 2023, down 3.39% in March Ten out 11 S&P/ASX 200 sectors posted losses with utilities the only sector in the black, up 1.52% Metal Powder Works rises...

Budget forecasts again point to falling iron ore and coal prices, but history shows they undershoot New analysis suggests 25% of global met coal production is lossmaking, as coal prices eat into the cost curve Supply discipline is starting...

S&P Global has revised down its met coal forecasts for both the March quarter and full year Indian steel demand has been unable to lift prices for Aussie producers, with thermal coal sinking even further Iron ore focus turns to M&A...

Simon Smith has resigned from his role as CFO and co-Company Secretary at Magnetite Mines (ASX:MGT), effective 7 March 2025.  Inthu Siva, who is currently co-Company Secretary and Financial Controller, will assume the role of Company Sec...

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...