Confidence returned to financial markets this week even as central banks continued to tighten the interest rate screws, with nowhere more positive than Australia’s resources sector, which partied in a wet and windy Kalgoorlie.

Develop Global boss Bill Beament says he has no interest in growing his mining and resources service company into a top 100 ASX-listed business (reports The West Australian).

Investors looked through this week’s bad news of rising interest rates and declining dividends in the belief that a threatened recession will be short-lived with a sustainable recovery possible next year.

With sanctions on Russian zinc supply adding pressure on Sweden – Europe’s second largest zinc producer, to increase supplies – Alicanto’s Sala resource might just be the missing link (reports Stockhead).

Extensional drilling at New World Resources’ (ASX: NWC) Antler deposit has uncovered more wide and high-grade copper mineralisation at depth in several targets, which could boost the current resource and project development economics (reports...