Articles On Strike Resources (ASX:SRK)

Strike Resources could ship its first batch of iron ore from the company’s Paulsens East mine near Tom Price in WA as early as next month after inking an access agreement with the Pilbara Ports Authority.

Strike Resources (SRK) has secured access to a port in Port Hedland as it gears up for its first ore shipment in July The company has executed an agreement with the Pilbara Ports Authority for the export of 200,000 tonnes of iron ore per f...

ASX is set open higher today with Wall Street on holidays overnight European stocks rallied RBA governor Phil Lowe will make a speech later today Wall Street was closed on Monday to mark Juneteenth, an annual commemoration of the end of s...

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...

Miners are keen to capitalise on the growing demand for electric vehicles but Lithium Energy is a rarity amongst them for its exposure to both lithium and graphite. Global EV sales are forecast to rise to 14 million units by 2025, a big lea...

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...

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...

ASX miners continue to have a stellar run in 2022 with several names eclipsing triple-digit gains since trading resumed in January. Despite some commodity prices softening lately, the volatility has provided plenty of upside potential fo...

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...

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 falls hard on Monday XOJ closes 1.2% lower Seafarms Group (ASX:SFG) recovers Friday losses   Australian markets fell and fell hard on Monday. The benchmark ASX200 is nudging two month lows, while the Greenback’s near 20-year high has...

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...

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...

As milestones go, bringing a mine into production has got to take the cake and that’s exactly where Strike is at with its Paulsens East iron ore project in the Pilbara. While the company is no stranger to iron ore production – it also prod...

China’s steel output has shown signs of life, building throughout the first quarter of 2022 after collapsing to its slowest rate in four years in October and November 2021. That came despite widespread curbs on mill output due to the Winter...

Strike Resources has broken out from the pack of Pilbara exploration juniors who dream of one day becoming producers after the company made the giant leap into production at its Pilbara iron ore play.

Strike Resources (SRK) reaches a “major milestone” as mining operations start at the Paulsens East iron ore project in Western Australia Equipment has arrived on the site, with production to generate the first stockpiles of lump direct shi...

Production of lump direct shipping ore (DSO) from Strike’s Paulsens East iron ore mine in WA’s Pilbara region is imminent with mining contractors mobilised to site. Equipment mobilised includes excavators, screens, and an on-site sample lab...

Iron ore and coal to drive $425 billion windfall for resources exports in 2021-22 according to Canberra forecasters India removes tariffs on Aussie coal exports as part of free trade deal Coal prices start to normalise (kinda), with premiu...

Australian companies are lining up to deliver new high grade iron ore mines in a bid to capture tailwinds from the need to reduce emissions across the sector. This week no less than three studies have been released by ASX-listed juniors, ta...

Analysts tipping a major correction in the coal price by the end of 2022 have changed their tune after Russia’s war with Ukraine blew up the market. Prices have confounded belief, with tightness in the seaborne segment of the coal market bo...

Strike Resources is making firm inroads towards production from its Paulsens East iron ore project in the Pilbara with construction underway on the haulage road to connect the mine to the public road network.

Strike Resources is making firm inroads towards production from its Paulsens East iron ore project in the Pilbara with construction underway on the haulage road to connect the mine to the public road network.

Strike Resources (SRK) is advancing the development of its Paulsens East iron ore mine in WA’s Pilbara region Construction has officially commenced of the 18-kilometre haul road to connect the mine to the Nanutarra road which will create a...

Strike Resources is on the road to production at the Paulsens East iron ore project in WA – Literally. The company has just kicked off development of the mine’s haulage road as it moves towards production of first ore on ship. The ~18km hau...

Coal prices have bounded to new record highs on Russia’s invasion of Ukraine, extending the bonanza Australian based coal miners have enjoyed since the middle of last year. The stunning turnaround in metallurgical and thermal coal prices ha...

Strike Resources has secured a US$7.2 million loan facility earmarked for stage 1 production and the sale of direct shipping ore from its Paulsens East iron ore project in WA’s Pilbara region.

There will soon be a new player in the Pilbara iron ore game, after Strike Resources announced it is ready to bring its Paulsens East iron ore mine into production. It comes after a dramatic rebound in iron ore prices, which have risen arou...

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...

Back before the last mining boom buying a tonne of iron ore was little more than a trip to the corner store, with the bulk commodity fetching prices in the range of US$30/t. When Chinese steel production and industrial growth began to overt...

In one of the big iron ore headline makers of the past month the WA Government has released its new plan for Port Hedland, the world’s largest iron ore export hub. The Pilbara Ports Authority has already pushed its export rate beyond the 49...

Iron ore is in familiar territory right now. Talked down by analysts who predict it is due for a dive, the headline Australian commodity has been defiant in 2022 so far. Despite the column inches expended on the rise in crude oil prices so...

ASX-listed Strike Resources is nearing a final investment decision at its Paulsens East iron ore project in WA with an updated feasibility study forecasting a $104m net present value at US$110 per tonne.

Strike Resources (SRK) updates a feasibility study for its Paulsens East Iron Ore Project in WA’s Pilbara region, with lower forecast capital and operational expenditure Strike’s new study reflects a two-stage development plan, with $3.4 m...

ASX to fall as Meta crash derails Tech rebound Local shares are expected to open lower this morning as a Meta (née Facebook) crash overnight derailed the Wall Street rebound. Meta plunged by 26% after reporting a decline in daily active use...

The Pilbara iron ore miners are facing business pressures on a number of fronts, including the on again, off again story around the reopening of WA’s Covid border. The WA Government’s decision to delay its planned February 5 reopening inde...

The iron ore market does not offer the simple narrative that it did in the first two decades of the 21st century nor that of the suite of “green metals” like lithium, nickel and copper now hitched to electric vehicle sales and efforts to ma...

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...

Few floats were as successful or as well-timed this year as  Lithium Energy’s IPO in May. Tapping into the rising passion for battery metals and the global energy transition and in a year dominated by the pandemic and fears for humankind’s...

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...

Following a review of its board Burley Minerals (BUR) appoints Wayne Richards to join the company as its new CEO Taking effect on January 1, Gary Powell will transition into the role of Technical Director and will remain as a company exec...

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...

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...

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...

The ASX had a positive finish to the week taking its weekly return to 1.8%. Today the ASX 200 closed at 7,457 points, 0.39% higher than yeterday. Tech was heavily sold off, shedding 1.64% but almost all other sectors were in the green with...

Strike is another step closer towards developing its Paulsens East iron ore project after receiving an export allocation at Utah Point, Point Hedland. The export allocation from the Pilbara Ports Authority (PPA) provides 200,000t of annuali...

Strike Resources has locked down a coveted port slot to ship ore out of Port Hedland from its Paulsens East mine in WA

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...

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...

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...