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Metals and Mining Industry News
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PLS Group (ASX: PLS) approves A$1.9bn Pilgangoora lithium expansion as reserves jump 31%
PLS Group has approved a major expansion of its Pilgangoora lithium operation, targeting approximately two million tonnes of annual spodumene concentrate production by 2029 while revealing a substantially larger Ore Reserve and additional infrastructure investment commitments.
KGL Resources approves Jervois copper mine investment as A$689m funding backs 2028 production
KGL Resources has approved the final investment decision for its Jervois Copper Project in Australia's Northern Territory, moving the development into its execution phase with first concentrate production targeted for 2028.
Orezone Gold (ASX: ORE) achieves record 59,674-ounce quarter as Bomboré and Casa Berardi expansion advances
Orezone Gold has reported record third-quarter production across its Burkina Faso and Canadian operations, with higher-grade mine feed expected to support further growth while a new Casa Berardi mine plan outlines substantial longer-term opportunities.
Avenira (ASX: AEV) secures A$85m funding package for Wonarah phosphate mine in Northern Territory
Avenira has secured project development and working capital facilities from strategic shareholder Hebang Biotechnology, strengthening the financing pathway for its Wonarah phosphate project as it prepares for direct shipping ore production.
Champion Iron reports C$403.9m quarterly revenue as iron ore sales reach 4.5 million tonnes
Champion Iron has reported stronger preliminary quarterly iron ore sales and C$403.9 million in revenue, with its next financial results expected to clarify the effects of realised prices, inventory movements and investments in higher-purity iron ore production.
Lahontan Gold unveils $820m Santa Fe valuation as Nevada mine restart moves closer
Santa Fe’s new mine study dramatically lifts its projected economics. Explore the gold-price assumptions, financing challenge and catalysts facing Lahontan Gold.
Mkango secures Texas Hub power as rare-earth magnet project advances
Mkango Magnetic Materials has reported a key infrastructure milestone at its Texas rare-earth magnet recycling project, strengthening its development plans while leaving construction, financing and customer qualification as critical tests.
Central Asia Metals (AIM: CAML) clears Kazakh hurdle in A$232m Cygnus deal
Central Asia Metals has secured a key regulatory approval for its proposed all-share acquisition of Cygnus Metals, bringing the transaction closer to completion and a strategic expansion into Canadian copper and gold.
Kolte-Patil (NSE: KOLTEPATIL) Q2 sales jump 52% to Rs 1,019cr, but one Pune launch drives 60% of bookings
Kolte-Patil Developers Limited has reported record quarterly sales and 33% higher collections, supported by a â‚ą616 crore Pune project launch. Its â‚ą6,000 crore Mumbai redevelopment pipeline offers further growth potential, although broader housing demand remains uneven.
Glencore joins ASX as copper expansion and US$5bn marketing profit outlook attract attention
Glencore has begun trading on the Australian Securities Exchange through depositary interests, broadening access to Australian institutional capital while targeting higher copper production and more than US$5 billion in 2026 marketing earnings.