News

Ramelius Resources has announced it is in exclusive discussions with Toronto Stock Exchange-listed Karora Resources, regarding the possibility of a merger between both companies.

Andrew Forrest-backed Fortescue has acquired a 19.9 per cent stake in Magmatic Resources, in addition to its farm-in, joint venture agreement with the company.

9AM UPDATE: Power is now restored

Tesla sparks split on fuel standards

The ASX200 has finished at its highest-ever level for the second time this month after Jerome Powell told Congress rate cuts are likely this year.

Uranium exploration company Bannerman Energy has recorded a $7 million total comprehensive loss for the first six months of the 2024 financial year, citing significant corporate and administration-based expenses.

Junior explorer Widgie Nickel is confident results from a recent scoping study at its Mt Edwards project bode well for its plans.

The treasurer says the upcoming federal budget will be a balancing act between fighting inflation and addressing a slowing economy.

 Weak growth raises risk to jobs, budget

The ASX200 finished 0.1 per cent higher even as official data showed the Australian economy slowed further in the fourth quarter.

Shares in Macro Metals rose by 50 per cent on Wednesday morning to 5 cents per share, following news of the company's recent asset and Board acquisitions.

ASX-Listed Globe Metals & Mining has announced that Grant Hudson will retire as chief executive officer on May 31.

Singapore backs AUKUS subs

The local share market has finished down 0.15 per cent, while Bitcoin and gold were close to breaking their all-time record highs against the US dollar.

FBR has announced it will team up with German manufacturing company Liebherr, as plans to deploy its building and construction robot units, dubbed Hadrian X, to the US continue.

ASX-listed Peppermint Innovation announced it has raised $1.1m to maximise various artificial intelligence and customer service opportunities.

Weaker sales figures in the retail sector are a warning sign ahead of national growth figures, the treasurer says.

‘Don’t force China issues on us’

The ASX200 has risen 0.6 per cent to finish above 7,700 for the first time amid optimism around global markets and risk-on sentiment.

Galena Mining has announced it will remain in suspension until the strategic review to tweak its capital restructure and enhance shareholder value has concluded.

Marcos ‘will not yield’ to China

Uranium explorer Boss Energy is getting closer towards producing its first drum of yellowcake at the company's flagship Honeymoon uranium project in South Australia.

Lender and second-hand goods retailer Cash Converters has announced it recorded a $9.9 million statutory net profit after tax during the first six months of the 2024 financial year.

The Australian share market has hit a record in intraday trading, before closing at its second-highest level after rallying all afternoon.

ASX-listed Novo Resources has announced sweeping changes at leadership level

Zhaojin Capital is continuing in its bid to take over Tietto Minerals, with the China-based company re-extending its offer period for the third time since January 4.

Chalmers warns over weak growth

The local share market has closed essentially unchanged after a cooler-than-expected inflation readout reinforced the case that the RBA is done with rate hikes.

Minderoo Foundation has pledged $5 million towards demining agricultural land in Ukraine, adding to its support for the war-torn country.

Demographer Simon Kuestenmacher canvassed entitlement, skills shortages and urban sprawl in his GRDC forum speech.

Coles closes in on Woolies

Subiaco-based Boss Energy has acquired a 30 per cent stake of the Alta Mesa ISR uranium project, located in the US state of Texas, for $US60 million, or $A91.5 million.