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Metals and Mining Industry News
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Regis Resources holds A$1.28bn cash and bullion as McPhillamys court ruling reopens options
Regis Resources has maintained its FY27 gold production guidance after producing 83,000 ounces during a weather-affected quarter, while a Federal Court decision concerning McPhillamys creates a new regulatory pathway without guaranteeing mine approval.
BCI Minerals reaches 90% construction at Mardie as crystallised salt climbs to 266,000 tonnes
BCI Minerals has advanced its Mardie Salt and Potash Project toward commercial production, reporting substantial salt crystallisation, nearly completed port infrastructure and sufficient funding for remaining construction, while first shipment remains targeted for 2027.
Cleveland-Cliffs targets more than $4bn in 2027 EBITDA after Q3 steel earnings rebound
Cleveland-Cliffs has moved from quarterly losses to $612 million in adjusted EBITDA, and management now expects more than $4 billion in 2027. Stronger steel prices and new contracts are driving the outlook, but its credibility will depend on whether the earnings recovery produces substantial debt reduction.
BHP copper output falls 19% as iron ore production rises and Escondida investment advances
BHP has maintained its FY27 production guidance despite lower copper output at Escondida and operational disruption in South Australia, while stronger Pilbara iron ore performance and investment in future copper capacity remain central to its growth strategy.
Core Lithium (ASX: CXO) intersects 92m of high-grade lithium at Blackbeard near Finniss processing plant
Core Lithium has reported its longest mineralised intersection at Blackbeard, providing further evidence of high-grade spodumene mineralisation near existing Finniss infrastructure while resource estimation and development economics remain outstanding.
Rincon lithium project: US$2.5bn cost, 60,000tpa capacity, DLE technology and 2028 production timeline
Rio Tinto’s Rincon lithium project in Argentina is advancing through full-scale construction after securing environmental approval and US$1.175 billion of external financing. The Salta development combines a 3,000-tonne starter plant with a 57,000-tonne expansion and is targeting first production from the commercial-scale plant in 2028.
Alcoa stock surges as Q3 profit doubles to $483m amid major acquisition plans
Alcoa Corporation delivered stronger third-quarter earnings and $472 million in free cash flow, but its planned acquisition of South32's aluminum assets introduces a major test of financing discipline, operating integration and future profitability.
Capital Limited (LSE: CAPD) revenue jumps 23% as Fortescue drilling deal expands
Capital Limited reported $115.7 million in third-quarter revenue, backed by mining contracts, laboratory growth and a new Australian acquisition, while its traditional drilling business faces utilisation pressures.
Lindian Resources (ASX: LIN) targets December rare earths production as Kangankunde ore stockpile hits 149,000 tonnes
Lindian Resources has advanced construction of its Kangankunde rare earths project in Malawi, with electrical infrastructure progressing, processing equipment nearing completion and ore inventories rising 19% since September. The December production target brings the Australian miner closer to commercial operations, although commissioning, logistics and processing performance remain critical tests.
Aura Energy (ASX: AEE) reports 28% return for Tiris uranium project in Mauritania
Aura Energy has completed a bankable feasibility study for the Tiris Uranium Project, outlining a 26-year mine with substantial forecast cash generation while leaving project financing, pilot-scale validation and resource conversion as major development requirements.