Articles On Magnetite Mines (ASX:MGT)

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...

Coal mining is hardly popular but governments around the world, most of whom have promised to work to reduce the impacts of climate change, can’t get enough of it. It may be getting harder to finance and gain approval for mining coal, the b...

Iron ore has been unpredictable in 2021 and it would be a brave person to make a hard and fast call on where it will end up in 2022. In fact, with the whims of the Chinese Communist Party and vagaries of its economy one of the major factors...

Iron ore mine developer Magnetite Mines has called in the heavy hitters to assist its efforts to finance the Razorback magnetite iron ore project in South Australia. Magnetite Mines (ASX:MGT) has brought Sam Chee on board as the company’s s...

COP26 in Glasgow has solidified the push to eliminate anthropogenic greenhouse gas emissions, with the global pact to limit global warming needing “rapid, deep and sustained reductions” in our greenhouse gas output. That poses a problem for...

The topsy turvy data coming out of China’s steel sector continues to roll on after the world’s biggest steelmaker revealed iron ore imports hit a 13-month high in November despite sliding steel production. China’s appetite for iron ore roar...

Interest in green steel is growing. It was high on the agenda at COP26 and Australia has already flagged low emissions steel as a key step in our net zero by 2050 plan. The US and EU have agreed to address and lower the carbon intensity of...

The collapse in steel production in China over the past four months has been described as “unprecedented”. It comes after the country’s steel industry produced just 71.58Mt in October, 23.3% less than the same period in 2020 and off the bac...

Hancock Prospecting is making a big move into magnetite iron ore, this week inking an initial $9 million deal to farm into the Mt Bevan iron ore project owned by juniors Legacy Iron Ore (ASX:LCY) and Hawthorn Resources (ASX:HAW). It’s an in...

Magnetite Mines (ASX:MGT) is progressing development of its Razorback Iron Ore Project with a formal application submitted for a grid electricity link. The company has submitted a formal application to ElectraNet for a proposed 132 kilovolt...

The rich dataset includes 2,913 samples tested for mass recovery and samples from 59 diamond core and reverse circulation drilled holes, together with raw digital files of geophysical surveys. Magnetite Mines (ASX:MGT) has secured access t...

Westpac is the latest major financial institution to knock down its iron ore forecasts after prices dived below US$100/t again on a slowdown in steel production in China it describes as the largest since 2008. It revised its price forecasts...

Iron ore developer Magnetite Mines is well-placed to progress a DFS on its high-grade Razorback project as the pendulum swings towards higher-grade mines. As Australia embraces net zero and global moves to green up the steel industry increa...

If there was any doubt about the importance of grade in iron ore, check out the latest numbers from Mineral Resources (ASX:MIN). Chris Ellison’s miner suffered a 48% discount to average Platts 62% iron ore prices in the September Quarter. T...

Magnetite Mines has kicked off a drilling program aimed at collecting bulk samples for metallurgical testing to de-risk development of its Razorback iron ore project. This program – an essential step in advancing the project – will test mi...

Set against rumours of its demise, spot iron ore has remained stubbornly defiant, reminding investors again why forecasting is a fool’s errand by bouncing above US$135/t on Monday night. A broad consensus is forming around metals like coppe...

Iron ore’s collapse from giddy highs of upwards of US$230/t to under US$100/t appears to have subsided for now as iron ore prices posted a sharp bounce back above US$120/t last week. The factors that led to the decline are well documented,...

Is there any end to coal’s incredible price run in 2021? This week has seen thermal coal prices rise to record levels, with low volatility 6000kcal product from Newcastle soaring 5% to US$240/t yesterday. Twelve months ago, when China’s dip...

South Australia’s green energy credentials are making it a favourable place for projects looking to lead the way towards a more sustainable future. Around 60% of SA’s electricity needs were serviced by renewables in 2020, and up to 100% at...

All eyes have been on the price of iron ore in recent days as volatility in the iron ore price has had a big impact on markets. But while that is where the focus is in the here and now, there remains a story bubbling under the surface about...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Environmental, social and governance (ESG) credentials are picking up steam in the mining industry. Envirosuite (ASX:EVS) CEO Jason Cooper said in the last 12 months the company has had “significant uptick” from senior management in mining...

A massive green power hub in Queensland (that was the subject of a major controversy over the Federal Government’s treatment of renewable power projects) has reached financial close, despite being denied funds from the Northern Australia In...

Coking coal prices have gone a wee bit crazy in recent weeks, presenting a once in a generation opportunity for ASX-listed companies who looked sickly as the 2021 financial year wrapped up. According to Fastmarkets MB, supply remains tight...

Is Rio Tinto (ASX:RIO) going to disappoint on shipments yet again? The gaffe-prone Pilbara miner, which was carried by stratospheric iron ore prices to a US$9.1 billion dividend at the half year, appears likely to miss its ambitious guidanc...

Andrew Forrest said he wouldn’t bet against the price of iron ore this week as he addressed media and analysts in a lap of honour for Fortescue Metals Group’s (ASX:FMG) transformative 2021. That was driven by record high iron ore prices thr...

How’s that Aussie coal ban going for China? Prices of imported premium coking coal in the Middle Kingdom soared to record highs of US$384 per tonne while China looks around every nook and cranny to source the product it once got from our ea...

It powers Australia’s economic engine room, but iron ore is sputtering after the spot price recorded its biggest single day drop on Friday since index pricing began. Fastmarkets saw iron ore prices for benchmark 62% fines to northern China...

BHP (ASX:BHP) has taken advantage of 2021’s astonishing boom in iron ore prices to shower shareholders with a record dividend and kickstart the transformation of the world’s biggest mining house. Its final payout of US$2 per share came off...

Iron ore prices slid to their lowest levels since April overnight, as speculation about Chinese steel production cuts delivered a hit to the Pilbara’s big iron ore miners. Prices fell 7.7% to US$169.30/t according to CommBank, while Fastmar...

Iron ore prices fell to their lowest level in two and a half months on the back of noise about steel production cuts in China on Friday, only to moderate on Monday. A 7% flop in iron ore prices to a little over US$180/t to end last week wou...

Are Chinese steel margins on the way back up? Sliding and eventually negative steel margins in June led many analysts to the conclusion that high prices for iron ore would slide rapidly in the second half of the year as steel producers look...

Within the span of only a few years renewable power has grown from supplying a fraction of the electricity used by Australians on a day to day basis to more than 25% of the national grid. In South Australia, where wind power’s share of the...

Tasmanian iron ore producer Grange Resources (ASX:GRR) has become well known for the quality of its iron ore and, while small in volume, makes up for it in tactical nous by supplying pellets that grade around 65%. The Caleb Daniel of the ir...

Stockhead’s ‘Garimpeiro’ columnist Barry FitzGerald is back in the studio for another instalment of The Explorers Podcast. The program is sponsored by emerging company specialist RM Corporate Finance. In this episode, Barry chats with Mark...

Iron ore falling off a cliff? Hold your horses, say the folks at Goldman Sachs and head of base metals and bulks research Nicholas Snowdon of “copper is the new oil” fame. Snowdon told delegates at last week’s Singapore Iron Ore Forum it wi...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade.   WINNERS Scr...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade.   WINNERS Scr...

Magnetite Mines has released its long-awaited pre-feasibility study for its Razorback iron ore project in South Australia, as it marches towards a project DFS and a production target of 2024. The highly-anticipated study by Magnetite (ASX:...

In spite of China’s complaints about commodity prices, iron ore was relatively steady in June after a volatile May, with benchmark 62% fines opening the first full week of the new financial year above US$220/t. Those price levels, up from a...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade.   WINNERS Scr...

The company has released a pre-feasibility study for the South Australian magnetite project that gives it an initial capital estimate of of up to $675 million.

In FY21 the ASX 200 returned over 20 per cent but the 100 best performing ASX stocks all gained over 390 per cent and made an average gain of 821 per cent. Stockhead has compiled a list (see below) of the 100 best performing ASX stocks base...

Magnetite Mines’ imminent Pre-Feasibility Study has been substantially boosted by the release of an ore reserve sufficient for 30-year plus mine life at its Razorback iron ore project. The ore reserve of 472.7 million tonnes — with a mass r...

DAYS after announcing its maiden reserves for the massive Razorback iron ore deposit in South Australia, Magnetite Mines has delivered a detailed ...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

The sun is shining again on Australian iron ore, at least for now, with prices again threatening to touch historic levels just one month after reaching record highs. Benchmark 62% fines opened the week in China at US$222.30 a tonne, just US...

The ASX finished in positive territory, although short of an all-time high. The ASX 200 closed 0.15 per cent higher at 7,293 having traded as high as 7,316 in intraday trade. Meanwhile, the ASX Emerging Companies Index retreated 0.40 per ce...

"The overwhelming support from option holders for exercise has solidified our cash position and importantly our ability to advance development work for ...