Articles On Magnetite Mines (ASX:MGT)

It’s quarterlies season and the ASX market announcements page has become increasingly flooded with lodgements. To save you the trouble of trudging through, we’ve wrapped up the highlights from some of the reports that caught our eye today....

Goldman Sachs analysts say iron ore prices could drop faster than expected on bearish steel sentiment But iron ore prices have strengthened as steel margins have improved and Chinese authorities have moved to support its property market an...

Magnetite has received a massive leg up after interim metallurgical testwork confirmed the ability of its flowsheet to produce a very high-quality iron ore concentrate. The ability to produce concentrates exceeding the design specification...

Fenix Resources boss Rob Brierley says weakness in iron ore supply means prices will be set by demand Iron ore futures in Singapore hit 2022 low as China’s steel mills drop prices Coal miners begin to look cheap again as thermal prices pic...

ShareCafeSimon Wandke Joins the Board of Magnetite Mines (ASX:MGT)   Magnetite Mines Limited (ASX:MGT) new board member Simon Wandke discusses his background, what he will bring to the company and the company’s outlook.   Magnetite Mines L...

ShareCafeWebinar Recap – Shaw & Partners, MGT, AD1 & VRX Catch up on the full webinar presentations from Shaw and Partners, Magnetite Mines (ASX: MGT), AD1 Holdings (ASX: AD1) & VRX Silica (ASX: VRX) Webinar Recap – Shaw &...

ShareCafeMagnetite Mines (ASX: MGT) – Webinar Presentation Stephen Weir – CEO – Magnetite Mines Limited is a development-stage company advancing the Razorback High-Grade Iron Ore Concentrate Project located in the Braemar, Australia’s emer...

Fenix Resources buys out haulage JV to take control of logistics, mimicking the structure of the Pilbara majors Rio Tinto opens 43Mtpa Gudai-Darri mine in the Pilbara as junior Strike prepares first shipment from Paulsens East Queensland c...

Iron ore miners suffered a heavy sell-off yesterday as commodity prices fell on fears of Covid lockdowns in China Iron ore and steel market observer Mark Eames says there is more upside than downside thanks to the tight supply-demand balan...

Special Report: In Barry FitzGerald’s new regular column, True Width, he sits down with Australia’s leading resource and mining bosses to discuss their current projects and plans for the future. This week Barry talks with Stephen Weir, CEO...

Australia’s biggest bank has upgraded its long-term iron ore and coking coal forecasts in response to Covid, Chinese commodity demand and Russia But high energy prices could drive investment in decarbonisation, clouding the outlook for the...

The ASX iron ore juniors have not escaped the share price pain caused by rising inflation/interest rates in the major economies and China’s slowdown because of its COVID lockdowns. In fact, they have been hit harder. Fair enough, the junior...

China’s Covid Zero policy has seen analysts knock down economic forecasts Bad news for sentiment in steel and raw materials, with iron ore futures tumbling in afternoon trade Coal prices remain freaking high A precipitous slide in Asian i...

Investors have demonstrated their confidence in Magnetite and its Razorback Iron Ore Project by subscribing for $15.8m worth of shares under the recent rights issue. The successful one-for-five rights issue ensures that the company is now f...

A rights issue for Magnetite Mines has raised $15.8 million, with the miner saying it demonstrated strong support from shareholders, directors, and new investors. The ASX-listed iron ore company is focused on the development of magnetite ir...

Aurora Energy Metals (1AE) continues to defy market pressures on day two of trading, with shares up 30 per cent above its IPO issue price of 20 cents.  Aurora raised $8 million dollars through its IPO and is exploring for uranium and lit...

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Magnetite Mines (MGT) secures its target of raising $15.8 million after closing its renounceable pro-rata rights issue to eligible shareholders on May 13 The company will issue approximately 631 million new shares and around 315 million ne...

WoodMac sees pathway for steel industry to reduce emissions 30% by 2050 Transition will require shift away from blast furnace to scrap-based electric arc furnace steelmaking Despite Chinese strong steel output in April, Commbank sees suppo...

Magnetite Mines (MGT) secures the Muster Dam tenement by the South Australian Department for Energy and Mines The company believe the formal grant represents an important exploration and development opportunity Muster Dam is near MGT’s fla...

Iron ore miners have been looking fragile over the last week, clawing to hopes of a second half revival in the Chinese economy as the impact of its Covid lockdowns worsen. Prices remain relatively high compared to major producer margins, wi...

XEC lifts on resources, posts 1.8% gain on Thursday XOJ closes 0.8% higher East33 watch continues, oysters from Sydney up circa 25%   The resources-rich ASX Emerging Companies (XEC) index is surging on Thursday, with gold, base metals and...

The preferred, often heroic index of the Australian small cap, The Emerging Companies XEC has shed 2.4% today, to add to the haemorrhaging of the last four weeks. The ASX200 (XJO) has closed just 0.2% lower. If this is a cash rate thing, wh...

The preferred, often heroic index of the Australian small cap, The Emerging Companies XEC has shed 2.4% today, to add to the haemorrhaging of the last four weeks. The ASX200 (XJO) has closed just 0.2% lower. If this is a cash rate thing, wh...

Stanmore has completed its ambitious US$1.2 billion ($1.7b) acquisition of BHP’s Poitrel and South Walker Creek coal mines Its founder Nick Jorss is aiming to repeat his success at new coal producer Bowen Coking Coal Jorss says steelmaking...

Central Banks have their fingers on the fun button this week, and the markets are pricing in the big push. The Emerging Companies Index (XEC) has been sunk on day dot, down 2.3%. The S&P/ASX 200 index was down 1.2% at 4.15pm, with this...

The ASX will head into the Anzac day long weekend on a slightly sour note following a Friday selloff. For the microcap Emerging Companies index, it was a ~1.5% fall on the day — but that didn’t stop another triple-digit percentage return, t...

Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

Magnetite Mines has rejigged its management team as it advances mine funding discussions for its major Razorback iron ore project in South Australia. Resources industry heavy hitters Mark Eames and Stephen Weir have been named Chairman and...

China’s steel output has shown signs of life, building throughout the first quarter of 2022 after collapsing to its slowest rate in four years in October and November 2021. That came despite widespread curbs on mill output due to the Winter...

Highlights The ASX 200 Index closed 0.56% or 41.80 points higher at 7,565.20. SYA, MGT, MSB, and CVN were the most discussed stocks today. Increased volatility, however, remains a concern for investors. Despite a modestly negative...

ASX posts steady gains on Tuesday Activity stays strong in the small cap resources space US stocks futures pointing ~0.3% higher Local stocks shrugged off the post-Easter food coma with solid gains on Tuesday — a calm session in what’s be...

Magnetite Mines (MGT) aims to raise up to $15.8 million through an entitlement offer to fund its definitive feasibility study at its Razorback Iron Ore project in South Australia Eligible shareholders will be able to subscribe for one new...

Local stocks hit cruise control heading into the Easter break, with steady gains across the ASX in a calm session. The microcap ASX Emerging Companies index rose by around 0.8%, slightly outperforming the big end of town. It followed a soli...

Iron ore and coal to drive $425 billion windfall for resources exports in 2021-22 according to Canberra forecasters India removes tariffs on Aussie coal exports as part of free trade deal Coal prices start to normalise (kinda), with premiu...

Australian companies are lining up to deliver new high grade iron ore mines in a bid to capture tailwinds from the need to reduce emissions across the sector. This week no less than three studies have been released by ASX-listed juniors, ta...

Analysts tipping a major correction in the coal price by the end of 2022 have changed their tune after Russia’s war with Ukraine blew up the market. Prices have confounded belief, with tightness in the seaborne segment of the coal market bo...

Coal prices have bounded to new record highs on Russia’s invasion of Ukraine, extending the bonanza Australian based coal miners have enjoyed since the middle of last year. The stunning turnaround in metallurgical and thermal coal prices ha...

Major iron ore producers are shifting focus from traditional hematite to magnetite as the world moves towards sustainable, greener steel production The Yilgarn region in Western Australia tipped as the new tier-one for Magnetite, boasts ne...

Back before the last mining boom buying a tonne of iron ore was little more than a trip to the corner store, with the bulk commodity fetching prices in the range of US$30/t. When Chinese steel production and industrial growth began to overt...

In one of the big iron ore headline makers of the past month the WA Government has released its new plan for Port Hedland, the world’s largest iron ore export hub. The Pilbara Ports Authority has already pushed its export rate beyond the 49...

Iron ore is in familiar territory right now. Talked down by analysts who predict it is due for a dive, the headline Australian commodity has been defiant in 2022 so far. Despite the column inches expended on the rise in crude oil prices so...

A Definitive Feasibility Study (DFS) is underway at the Razorback Iron Ore Project in South Australia with major contracts awarded to Hatch – a global engineering firm, and global drilling company Foraco. Significant steps were taken throu...

As inflation sticks around and rate hikes come into play then volatility will pick up, the general consensus says. But volatility doesn’t mean a one way ticket into the red sea – it also means stocks can go back up after they slump. So it w...

The Pilbara iron ore miners are facing business pressures on a number of fronts, including the on again, off again story around the reopening of WA’s Covid border. The WA Government’s decision to delay its planned February 5 reopening inde...

The iron ore market does not offer the simple narrative that it did in the first two decades of the 21st century nor that of the suite of “green metals” like lithium, nickel and copper now hitched to electric vehicle sales and efforts to ma...

Magnetite Mines has appointed two new non-executive directors to help guide the iron ore player into production, with a DFS due later this year. Magnetite Mines has gone for global business acumen and mining expertise adding Jim McKerlie a...

It was a lacklustre session for local stocks in Tuesday trade, as the ASX 200 limped into the close with a fall of 0.77% while the microcap Emerging Companies index traded flat. In an environment of rising bond yields, the broader tone is s...

Riversgold picks up a tenement prospective for nickel Gold and lithium explorer New Age up 65% over the past 2 days on no news Alligator (uranium), Enterprise (gold, base metals) and Magnetite Mines (iron ore) up on no news Here are the b...

The benchmark ASX 200 was up by 2% on the first day of trading in 2022. The ASX Emerging Companies Index (XEC) also rose in step, up by 1.6%. All eleven ASX sectors finished higher, with the energy and mining sectors leading the pack. In en...