Articles On Magnetite Mines (ASX:MGT)

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.

ShareCafeEvening Report: 13 September, 2022 By Paul Sanger   The ASX has gained for a fourth-straight day after US stocks rose ahead of a key inflation report which could show American inflation has peaked. Ten of the ASX 200’s 11 sectors w...

ShareCafeLunch Report: 13 September, 2022 by Paul Sanger   The ASX has gained for a fourth-straight day after US stocks rose ahead of a key inflation report which could show American inflation has peaked. Real Estate, Energy, bank, resource...

It’s the canary in the, well, you’ve probably read enough of these by now to know the idiom. For iron ore prices that is steel production in China and downstream demand from things like car production, infrastructure and property developme...

Mineral Resources and global partners approve $3bn Onslow iron ore mine day before prices drop below US$100/t Chinese steel giant Baowu will both have a stake in the mine and market up to 75% of MinRes’ product Coal prices remain ridiculou...

Magnetite Mines has appointed veteran resources executive Tim Dobson as its new Chief Executive Officer to help drive its Razorback Iron Ore Project towards production. Dobson has more than 30 years’ international experience in senior leade...

Magnetite Mines (MGT) appoints Tim Dobson as its new Chief Executive Officer, effective immediately Mr Dobson has more than 30 years of experience in senior leadership roles and was most recently CEO of Heron Resources He has held a number...

Coal miners will be watching international markets closely tonight as a ban on Russian coal proposed by the European Commission back in April comes into effect. Ever since Russia’s invasion of Ukraine, the frailty of European energy markets...

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...