Articles On Strike Resources (ASX:SRK)

The junior end of the iron ore sector is continuing to contract in the wake of volatile prices, with Mt Gibson Iron (ASX:MGX) confirming plans on Friday to suspend its new Shine mine in WA’s Mid West. It is the latest high-cost operation to...

The graphite at Lithium Energy’s Burke project to be optimised by the CSIRO for lithium-ion battery applications Resource Base acquires project prospective for ionic clay hosted Rare Earth Elements (REE) Copper play Revolver Resources is n...

Strike Resources forward planning and risk management strategy at its Peruvian iron ore mine has paid off after the company sold its maiden shipment of iron ore to its Chinese mill customer at a hedged price of US$141.50 per tonne, despite...

The ASX 200 has tracked lower in Friday trade, rounding out a choppy week where local stocks struggled for direction. The index was dragged lower by another brutal session for the big miners as iron ore prices tanked again, led by a 15% dro...

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...

‘Guy on Rocks’ is a Stockhead series looking at the significant happenings of the resources market each week. Former geologist and experienced stockbroker Guy Le Page, director and responsible executive at Perth-based financial services pro...

The ASX closed higher today and it was all thanks to the latest moves in the uranium sector. Spot prices have reached ~7 year highs with the latest catalyst being the Sprott Physical Uranium Trust buying up more physical uranium and spot pr...

ASX-listed Strike Resources is roaring ahead with plans to join the West Australian iron ore rush, with a review of the proposed production ramp up and export logistics of iron ore from its Paulsens East iron ore mine in WA now complete.

Strike Resources will significantly reduce the cost of bringing its Paulsens East iron ore project into production with a staged ramp-up focused on generating revenue in early 2022. Strike Resources (ASX:SRK) has been working to become the...

Strike Resources has found a second buyer for its high-grade Apurimac direct shipping ore within six shipping days of its Peruvian port. The company’s second iron ore shipment will leave port in early October with significant savings from t...

Strike has executed a sale contract with a South American steel mill for the second shipment of iron ore from its Aprurimac project in Peru. The 15,000t industrial trial of premium lump direct shipping is expected to be shipped in early Oct...

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...

After falling as much as 0.5% in the morning trade the ASX ultimately closed higher than yesterday. The ASX 200 closed at 7,530 points – 0.02% higher than yesterday – while the ASX Emerging Companies Index closed 0.55% higher at 2,474. Reso...

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...

Strike Resources could be set for a major boost to its Peruvian iron ore operations at its Apurimac project after the nation’s government confirmed plans to construct a major railway line that may link the project with the port of San Juan...

Strike’s goal of turning its Apurimac iron ore project into a world-class mine has received a shot in the arm after Peru confirmed plans for a key piece of infrastructure. Peruvian Prime Minister Guido Bellido confirmed in a recent presenta...

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...

Another red day for the ASX to close out the week. The ASX 200 closed 0.05% down from yesterday at 7,461 points, 2.2% lower than a week ago. The ASX Emerging Companies Index meanwhile dropped 2.09%, closing at 2,187 points which is over 5%...

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...

Strike Resources has officially become an exporter of iron ore with the maiden load of its high-grade direct shipping ore sourced from its Apurimac project in Peru now bound for China. The 35,000-tonne shipment falls under an offtake agreem...

Strike joined iron ore producers’ club today, with the maiden shipment of premium lump iron ore sourced from its Apurimac direct shipping ore project departing Peru. The bulk vessel MV Federal Nakagawa is now heading for China with 35,000 t...

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...

The S&P ASX200 closed lower Monday, dropping 46.40 points or 0.61% to 7,582.50 after setting a new 52-week high. The bottom performing stocks in this index were Beach Energy Limited (ASX:BPT) and Bendigo and Adelaide Bank Limited (ASX:B...

ASX-listed Strike Resources’ maiden shipment of high-grade direct shipping iron ore from its Apurimac project in Peru has commenced loading after US$4.5million in revenue hit Strike’s bank account. The 35,000-tonne shipment is due to arriv...

Guy on Rocks’ is a Stockhead series looking at the significant happenings of the resources market each week. Former geologist and experienced stockbroker Guy Le Page, director and responsible executive at Perth-based financial services prov...

RockTalks is a Stockhead video series featuring a roundtable of resources experts discussing a new macro topic each week. The program is sponsored by Bridge Street Capital Partners, a leading ECM and principal investment firm focused on min...

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...

Local markets have made a strong start to the week, with the ASX200 closing 1.34% higher on Monday as some major M&A activity stole the headlines. Gains were led by the tech sector, as Afterpay (ASX:APT) showed its weight by dragging th...

Strike Resources has secured the final key approval for its Paulsens East iron ore mine in the Pilbara and can now begin pre-mining site works. The company is eager to make a final investment decision as it eyes first shipments early in 202...

Strike Resources is ready to blaze a path into production at the 1.5 million tonnes per annum Paulsens East iron ore project in the Pilbara after receiving the key mining approval for the deposit. It will see Strike Resources (ASX:SRK) beco...

The armed forces could be called upon to enforce Sydney’s strict lockdown, and we might see troops on the streets as early as Monday. On the bourse, the benchmark ASX 200 has closed 0.40% lower on Friday, but was flat for the week. The mini...

According to the company, given the strong demand and premium prices for high-grade lump iron ore it hopes to generate strong near-term cash flows from the operation.

ASX-listed Strike Resources’ maiden shipment of high-grade direct shipping ore or “DSO” from its Apurimac project in Peru is now imminent, with a bulk carrier vessel chartered for arrival at the Port of Pisco in about a fortnight.

The maiden shipment of iron ore, and the start of cash flow, from Strike Resources’ (ASX:SRK) Apurimac direct shipping ore project in Peru is imminent. The chartered bulk carrier vessel is due to arrive at the Port of Pisco on 11 August to...

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...

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...

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...

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...

Trucks laden with ASX-listed iron ore miner Strike Resources’ initial load of premium lump iron ore from its Apurimac project in Peru have left the mine site to deliver the goods for shipping from the country’s Port of Pisco.

Strike Resources has taken significant steps at its Paulsens East iron ore mine in Western Australia, with key contracts and licensing approvals now ticked off. Dynamic Drill and Blast was chosen to provide its services at Paulsens East aft...

Strike Resources is on track to export its first shipment of high-grade direct shipping ore from its Apurimac iron ore project in July, after starting haulage to a stockpile close to Pisco port. Free On Board (FOB) costs — those incurred by...

Strike Resources has locked in key contractors for its proposed Paulsens East iron ore mine development in WA’s Pilbara region. The company says it has struck agreements with preferred contractors for drill and blast, mining, crushing and s...

Strike continues to progress its Paulsens East iron ore project towards approval, selecting important contractors and signing key access agreements. The company has entered into Early Contractor Involvement (ECI) services agreements with th...

‘Guy on Rocks’ is a Stockhead series looking at the significant happenings of the resources market each week. Former geologist and experienced stockbroker Guy Le Page, director and responsible executive at Perth-based financial services pr...

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...

Following a transformational 12 months, Talon has a fresh new image and is fully funded to start unlocking the potential of its highly prospective Perth Basin and Mongolian assets.   In the past year, Talon Energy (ASX:TPD) has rocketed as...

• 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...

Strike Resources has raised $5 million to secure long lead equipment for its Paulsens East iron ore mine, as the junior miner targets first production later this year. The funding comes after the last quarter saw several approvals at Paulse...