Articles On Magnetite Mines (ASX:MGT)

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).

ShareCafeASX down 0.34 per cent at noon as RBA warns rates may rise again by Peter Milios   The Reserve Bank of Australia discussed the possibility of raising interest rates by 25 basis points but ultimately decided to pause and let previou...

ShareCafeStocks of the Hour: LRV, OD6, MGT                    Larvotto Resources (ASX:LRV) announced bonanza grade results of total rare earth element oxide (TREO) results from recent aircore drilling at the company’s Merivale South P...

Tribeca Investment Partners portfolio manager Todd Warren gives us his take on bulk miners and commodities Champion Iron could be a long term beneficiary of rising spreads for higher grade iron ore Glencore and Teck, currently involved in...

Fortescue Metals Group signals another, this time minor, delay at its Iron Bridge development First production from the 22Mtpa magnetite mine is due in late April Pearl Gull announces maiden resource at Cockatoo Island Andrew Forrest’s Fo...

New Hope pays monster dividend on last year’s coal boom Targeting doubling of production in three years, with expectations demand will outstrip supply despite ESG pressures Magnetite completes optimisation study ahead of high grade iron or...

ASX down, then up, then down even further to -1.4% as bank crisis looms large. XEC Emerging Companies index plummets 1.8% as fear overtakes greed. Goldies are making hay again, XED All Ordinaries Gold up more than 7.0%.   Things have been...

Breaker’s board recommends an all scrip off market takeover offer from Ramelius Auroch discovers a large-scale shallow lithium rich pegmatite at Kangaroo Hills Magnetite Mines announces the optimum development pathway for the Razorback iro...

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...

Iron ore’s bull run could be brought to a halt by China’s weaker than expected economic growth target Goldman predicts price record for Rio Tinto Thermal coal prices keep dropping Iron ore has been a bull’s game in 2023, with matadors spe...

China is again ordering sintering restrictions to crack down on pollution from its steel mills It comes after limits were placed on Dalian futures trading last week to bring the heat out of prices Junior miner CuFe posts maiden resource fo...

BHP (ASX:BHP) has reported, leaving only Rio Tinto (ASX:RIO) today to round out our February financial results season for the big three iron ore miners. In Oscars parlance none are expected to be award winners. Lower iron ore prices — and i...

ASX slumps even lower after lunch to end the day down around 0.5% China’s demands for the return of “weather balloon” debris met with hearty Pentagon chuckles Terramin’s bid to reopen a sub-winery mine shut down by the SA government   It’...

South African coal miner Thungela Resources will become the majority owner of Australia’s Ensham coal mine Its CEO July Ndlovu says thermal coal will see demand for at least two, maybe three decades Iron ore sales lift There may be clouds...

Magnetite Mines (MGT) enters an agreement with SIMEC Mining’s Whyalla Ports to investigate export options for its Razorback iron ore project in South Australia The company previously selected the Whyalla port as its preferred port option...

ShareCafeProperty sector leads ASX 0.3% lower by Peter Milios   Large property players Goodman Group (ASX:GMG), Dexus (ASX:DXS), Mirvac Group (ASX:MGR) and Charter Hall (ASX:CHC) have all suffered losses in today’s session. The index has re...

ShareCafeASX 0.1% lower at noon after all US indices fell over the weekend by Peter Milios   At noon, the S&P/ASX 200 is 0.1 per cent lower at 7,549.20. All sectors besides Energy and Materials are trading lower today, after the US sect...

The S&P ASX 200 rose 7.64%, in its best start to a year ever as global markets rally In a strong start to 2023 the S&P/ASX Emerging Companies index (XEC) rose ~8% in January Graphite explorer Lincoln Minerals soars more than 500% s...

Newcastle thermal coal’s reign as the top priced product on the market has ended Premium hard coking coal returns to traditional position at a premium to energy coal as European demand wanes Iron ore prices remain strong, but MySteel says...

ShareCafeAus shares close 0.07% lower but rise 6.2% in January by Peter Milios   Australian shares fluctuated on Tuesday with a 0.4 per cent gain and later 0.2 per cent loss. Consumer stocks led the gains, up 2.3 per cent, while tech stocks...

ShareCafeHigh cost of living causes a fall in retail sales: ASX up 0.22% at noon by Peter Milios   Retail sales in Australia fell 3.9% in December, surprising expectations for a 0.2% decline. The ABS Head of Retail Statistics noted that the...

Chinese companies are starting to make bids for Australian coal cargoes after an unofficial ban that ran for over two years But Coronado CFO Gerhard Ziems says Australian coking coal exports to China will only touch half of pre-pandemic le...

BHP did not deliver capital guidance for its BMA coal mines in Queensland last year after new royalty tiers drawing billions for Qld were introduced last July While CEO Mike Henry also cited China’s coal ban as a factor, its capex strike l...

Little joy for investors in December with traditional Christmas rally not eventuating in 2022 Meteoric Resources leads December winners after positive metallurgical results at its new Caldeira project. Symbio Holdings saw its share price p...

Efforts to develop zero emissions steel are at an early stage Fortescue Metals Group backs new attempt to use low grade iron ore in green steelmaking Coal exports are forecast to outstrip iron ore for the next two financial years Green st...

ASX 200 down 0.55% on lower than normal volume  Small cap index falls 0.96% and 10 out 11 sectors finish lower Economy grows for the fourth consecutive quarter, up 0.6%    The ASX200 was down 0.55% today, and the ASX Emerging Companies...

Stockhead’s Top 10 at 10 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 in percentage terms. The market opens at...

Magnetite Mines (MGT) refutes rumours it has launched a formal process to sell any of its assets, including its flagship Razorback iron ore project in South AustraliaHowever, the company confirms a “substantial increase” in interest in Razo...

ShareCafeASX down 0.66% at noon after a moderate week of trading by Peter Milios   Energy and Real Estate are down almost 2 per cent at noon, followed by Materials, which is down by 0.61 per cent. Energy’s biggest players, including Woodsid...

Fortescue Metals Group boss Andrew Forrest says green energy focused FMG will pursue value over volume in flagship iron ore business Actually also looking to increase volumes, with new high grade mine in Pilbara and African exploration pus...

Iron ore prices posted a recovery on Monday as China relaxed some of its previously steadfast Covid measures Steel mills are still loss-making in China, with a real bounce in demand needed to bring prices back above US$100/t But experts sa...

Iron ore roared back to life yesterday on news China was starting to alter its Covid settings and provide credit support to property developers Prices surged to their highest level in a month, almost touching US$96/t in Singapore intra-day...

Magnetite Mines (ASX:MGT) reports it has completed the mineral resource estimate (MRE) for the Muster Dam Iron Ore Project in South Australia. The company, which exhibited at the International Mining and Resources Conference (IMARC) in Sydn...

Magnetite Mines (MGT) completes a JORC 2012-compliant mineral resource estimate (MRE) for its Muster Dam iron ore project in South AustraliaThe inferred MRE reads 1.55 billion tonnes at 18.7 per cent iron and a 15.2 per cent mass recovery,...

AQC faces roadblocks in its bid to revive Dartbrook coal mine, while New Hope gets approval for New Acland coal extension after 13 years New coal supply is slowly emerging, but the market is expected to remain tight with wet weather expect...

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

The ASX 200 starts the week with a bang Materials surge has investors beaming China learns a brutal lesson about leadership from Hong Kong It’s the end of the day, and we’re all clearly super-happy because it’s been a positive run for Aus...

Iron ore miners are funding a wave of new developments, despite red flags in the Chinese steel market While miners are long term bulls, the short term outlook is clouded by China’s economic issues and Covid Zero policy The gap between low...

ASX 200 ends 1.4% lower Small caps slide 0.4% Strike strikes and I don’t know why    The ASX 200 and the Emerging Companies (XEC) index fell 1.4% and 0.4% respectively on Monday. US stocks were no help at all after collapsing sharply on F...

BHP says cumulative steel demand in the next 30 years will double that of the last 30, arguing the commodity will be a net beneficiary of decarbonisation and climate change The changing environment alone could drive increase in demand equa...

Iron ore prices received a bump after Covid lockdowns in Chengdu were relaxed But they quickly retreated, with analysts saying a decision on whether to end China’s Covid Zero policy could be a big turning point for the commodity Like it or...

Market for DR grade 65% plus iron ore could rise fivefold to 750Mtpa according to new research from Wood Mackenzie As much as US$1.4 trillion needs to be spent on new mines, renewable energy, steel mills, hydrogen and carbon capture to red...

Magnetite Mines is increasing the planned production scale for its  Razorback iron ore project in South Australia. Due to growing demand for its high-grade product, the company’s current strategy of pursuing a small-scale, lower-capital exp...

Magnetite is looking into beefing up its Razorback project development, eyeing off 5Mtpa to make the most of its resource base.