Articles On Magnetite Mines (ASX:MGT)

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...

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...

Source: ShutterstockProfessional, Shutterstock Summary Penny stocks such as TALi Digital and Alpha HPA gained considerable market attention at the start of the week despite a slow start for the stock market. TALi Digital partnered wit...

Magnetite Mines (ASX:MGT) is making holders some serious money. Magnetite Mines is making holders some serious money. After idling away below three tenths of one cent for most of 2020, the company first foreshadowed its potential with a s...

Iron ore 62 per cent fines prices traded this week at $US174.55 per tonne, up $US3.65 on a week ago Hard coking coal prices were down $US1.50 on-week at $US107.10 per tonne at Queensland ports China’s steel reinforcing bar price is down $U...

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...

Source: Kris Patrick, Shutterstock Summary Octanex’s share price is on a tear today and has surged by a massive 66.6% to A$0.075 in today’s session. North Stawell Minerals has surpassed investors’ expectations with its progress, surgi...

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...

Higher-grade iron ore to expand its market share by 17.5 per cent by 2030 An increasingly sought-after product for steel mills in Asia that commands a price premium ‘They [China] will buy more high-grade iron ore’ Fastmarkets expert High-...

Australian commodity shippers face an intense cyclone season because of La Niña system ‘Even with three cyclones the worst-case is 15 days [disruption] in one month and ports can catch up on any shortfall very quickly’ La Niña system cause...

The Magnetite Mines Ltd (ASX: MGT) share price has had a roaring 2021 so far. It’s currently up 330% year to date. At the time of writing, the Magnetite Mines share price is up 2.38% from yesterday’s closing price, trading for 4.3 cents. S...

Iron ore price predictions are all over the shop. lol.Clearly, no one has a clue where iron ore prices will end up. But we can tell you where they’ve been (and maybe where they’re going next). Prices are still at historically high levels, b...

March got off to a rough start, with ASX small caps suffering their worst week since October and the Small Ords Index falling into the red on the year. But it got better. US punters received another stimmy cheque in the mail from President...

Iron ore fines prices traded this week at $US168.90 per tonne, up $US11.80 on a week ago Hard coking coal prices were 45 US cents lower on-week at $US105.80 per tonne at Queensland ports China’s steel reinforcing bar price is up $US10 this...

Stockhead’s Hot Money Monday analysis is based on the Relative Strength Index (RSI) — a technical gauge which measures how trading momentum is affecting the price action. A reading of 70 is seen as the level at which a company may have been...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest movers – the winners and losers alike. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday t...

Iron ore fines prices traded this week at $US157.10 per tonne, $US6.50 lower on a week ago Hard coking coal prices were $US2.40 lower on-week at $US106.25 per tonne at Queensland ports China’s steel reinforcing bar price is $US5 higher thi...

On this day last year, global stocks capped off a historic one-month collapse with another epic fall. While no one knew at the time, that marked the COVID-19 nadir. Over the course of the following week, governments around the world said ju...

ShareCafeHidden Gems Webinar Recap – Ausbil Investment Management, GCY, TDO, MGT, RVR  Catch up on the full webinar with presentations from Ausbil Investment Management, Gascoyne Resource Limited ASX:GCY, 3D Oli ASX:TDO, Magnetite Mines AS...

ShareCafeAn emerging iron ore producer – Magnetite Mines (ASX:MGT) Presenter – Mark Eames & Peter Schubert – Magnetite Mines Limited is a development-stage company advancing the Razorback High-Grade Iron Ore Concentrate Project located...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest movers – the winners and losers alike. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday t...

Magnetite Mines has sharpened its strategic focus with some leadership changes as it rapidly moves toward construction of its Razorback project in South Australia. Magnetite Mines (ASX:MGT) has moved two of its directors into senior operat...

Source: REDPIXEL.PL,Shutterstock Summary Penny stocks are the preferred choice of short-term traders and speculators due to their high beta nature. The capital raising plan of YPB Group has led its share price to increase by 50 per ce...

Special Report: Iron ore company Magnetite Mines has obtained a new iron ore tenement after a competitive process run by ... Read More The post Magnetite Mines gets choice iron ore tenement in South Australia appeared first on Stockhead.