Articles On Magnetite Mines (ASX:MGT)

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 ...

What a difference a week makes in iron ore. Seven days ago successful attempts from the Chinese government to put the kybosh on the iron ore price – from records of $US230/t to only near records of ~$US190/t – led to some apocalyptic takes...

• Benchmark 62% Fe iron ore price closes a wild month after 5.6% rally to $US198.75 • Iron ore futures trend higher at the end of a week dominated by talk about Chinese intervention • Coking coal finds price support as Aussie export prices...

Have a spare $US3.5 billion lying around? Andrew Forrest’s Fortescue Metals Group (ASX: FMG) appears to be pushing ahead with the 22Mtpa Iron Bridge magnetite mine, despite on Friday reporting a US$900 million cost blowout on the initially...

Early last week, Chinese premier Li Keqiang said China needed to take more steps to curb “unreasonable” price increases for bulk commodities, right after we wrote this: Lol. Hubris.…which aged badly. Iron ore prices have fallen below $US200...

Summary The ASX 200 trades higher by 15.20 points or 0.22% to 7045.50 at the close, led by gains in heavyweight healthcare and energy stocks. Retail player Kogan.Com and gold miner Silver Lake Resources are top performing stocks on the...

Summary Caspin Resources has been trending up since its IPO and has delivered a return of over 186% since listing. The ELE share price has bolstered to a new multi-year high of AU$0.023 with a volume of over 23 million shares. The MCT...

The company booked a material upgrade to its Indicated resource, which rose 50% to 1.5 billion tonnes. For Magnetite Mines (ASX:MGT), a diligent and methodical approach to developing its Razorback High Grade Iron Ore Concentrate Project con...

ShareCafeBrazil Poised to Give Oz Ore Market a Close Shave Australia will lose share over the next five years in the global iron ore market to Brazil because of the latter’s high grade iron ore reserves and exports, according to a new repor...

Is this what winning a trade war looks like? Chinese sanctions on our wine, coal and lobster pale in comparison to the mammoth prices being paid for Australian iron ore. In fact, the Aussie government could rake in an extra US$34 billion ($...

There’s no doubt it’s a positive time for those trading in resources, with two commodities in particular – copper and iron ore – hitting all-time price highs in the last few days alone. The basis on which those highs have been achieved is...

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 Scrol...

It’s hard to concentrate on anything else except iron ore at the moment. It hit US$230 a tonne yesterday in China. That’s an astonishing run. Iron ore stocks rallied hard yesterday. No doubt they’ll be some fun today too. It’s worth remembe...

Iron ore has already confounded most analysts’ expectations by trading above $US200/tonne. The next question for investors is — can it stay there? To analyse the broader market, Stockhead caught up this week with Magnetite Mines (ASX:MGT) d...

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 Scrol...

Summary The TLM share price has skyrocketed by 19.3% to AU$0.185 in today’s session. PGC announced it has successfully renegotiated its banking facilities have been with NAB. On Friday, MGT received binding commitments to raise up to...

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 Scrol...

The Magnetite Mines Ltd (ASX: MGT) share price is on fire in early morning trade following its capital raising efforts. At the time of writing, the iron ore miner’s shares are swapping hands for 6.2 cents, up 12.73%. What’s driving the Mag...

The deal reflects the confidence of institutional investors in MGT’s development strategy at its high-grade Razorback iron ore project. Magnetite Mines (ASX:MGT) will push towards the next phase of development at its high-grade Razorback ir...

Listed resources play Magnetite Mines will seek to take advantage of the record iron ore prices that have driven up its share price in the past 12 months.

Iron ore 62 per cent fines prices were unchanged this week at US$188 per tonne Hard coking coal prices were up US$0.35 to $US111.13 per tonne at Queensland ports The Chinese steel industry has pointed the finger at the concentrated owners...

Magnetite Mines Ltd (ASX: MGT) shares are soaring following the release of the company’s (corrected) third-quarter results on Friday afternoon. At the time of writing, the Magnetite Mines share price is trading 10.71% higher at 6.2 cents....

Magnetite Mines remains on track to deliver a pre-feasibility study for the Razorback iron ore project in South Australia in the current quarter. This is thanks to the receipt of initial  capital and operating costs estimates for the projec...

This is getting absurd. Iron ore was up another $US6.35 – or 3.4% — yesterday to $US191.45/t (CFR Tianjin port). That’s very close to all-time highs of ~$US200/t, reached in November 2007. The US iron ore price (62% fe) since late 2007. Pic...

My my, look at iron ore go. It’s now more than US$190 a tonne. That’s more than a 10% rise since I floated the idea that it was the sector you could be trading back on 29 March. The Daily Reckoning Australia can put you ahead of the game. I...

Iron ore is setting new price records after exceeding its 2011 high of $US188 per tonne ‘The reality is that steel mill margins are still running incredibly hot, and they are not going to stop producing steel’ Supply side of the iron ore m...

Global equities tumble All major world indices tumbled overnight as COVID-19 deaths spiked in India and elsewhere. In the US, the Dow Jones dropped 0.75%, S&P500 shed 0.68%, while tech heavy NASDAQ also tumbled by 0.92%. Europe recorded...

Iron ore 62 per cent fines prices traded this week at $US182 per tonne, up $US7.45 on a week ago Hard coking coal prices were down $US2 on-week at $US105.10 per tonne at Queensland ports China’s steel reinforcing bar price is down $US9.55...