After a number of last minute delays, TNG has executed a critical native title agreement that will allow granting of the mining lease and subsequent development of the massive Mount Peake vanadium-titanium-iron project in the Northern Territory (reports MiningNews).
Base metal developer Venturex Resources (ASX: VXR) says it’s on the cusp of developing a new $146 million copper-zinc mine at its Sulphur Springs project in the Pilbara following the release of its eagerly-awaited definitive feasibility study this week.
First Au is planning a 3000m follow-up RC drill campaign after aircore drilling intersected probable supergene mineralisation over 4m grading 393 grams per tonne gold at the Gimlet gold exploration project next to Intermin Resources’ Teal project north of Kalgoorlie (reports MiningNews).
Italy is on the brink of a dangerous banking crisis as the red-blooded showdown between Brussels and Rome pushes the country's borrowing costs to a five-year high (writes Ambrose Evans-Pritchard in London’s Daily Telegraph).
It could be time to revisit the high purity alumina (HPA) project developers (writes Barry FitzGerald on Stockhead).
Share price wise, they have been doing it tough in recent months despite HPA prices moving higher on a demand outlook that looks better by the day.
Robust demand for HPA from the sapphire glass market (LED lights and semiconductors) and the fast-emerging lithium-ion battery separator/coating market has driven HPA prices to $US40/kg recently.
The value of Australian commodity exports is tipped to reach a new record in the 2019 financial year, prompting federal Resources Minister Matt Canavan to declare the "mining boom in this country is far from over" (reports The Australian Financial Review).
The prediction for Australian commodity exports to be worth $251.8 billion will be made in a new report by the department of industry's chief economist Mark Cully, which reveals the strongest value growth is occurring in commodities linked to energy consumption such as liquefied natural gas (LNG), lithium and thermal coal.
Small and mid cap fund manager Ben Griffiths has an unequivocal view that sharemarkets are at the start of a euphoric stage, offering plenty of upside rather than teetering toward a correction (reports The Australian Financial Review).
He draws on the theory coined by the late Sir John Templeton, a legendary stockpicker, that bull markets have four phases – after being born on pessimism, then comes scepticism, optimism and euphoria.