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Metals and Mining Industry News
2078 posts
SQM shares rise as record lithium sales drive Q2 revenue to $2.47bn
SQM Q2 profit surged 646% as lithium revenue quadrupled and demand topped 2.1M tonnes. See why the lithium recovery is gaining momentum.
Vast Resources lines up AIM return with Tajik gold deal that gives Gulf sellers about 80% stake
Vast Resources’ Gulf reverse takeover brings a profitable Tajik gold operation into the group, but Gulf sellers are set to control about 80% of the enlarged company.
Evolution Mining (ASX: EVN) profit jumps 63% but FY27 costs rise as record gold margins fund A$833m dividends
Evolution Mining profit jumped 63% to A$1.56bn and dividends reached A$833m, but higher FY27 costs and capital spending will test record gold margins.
Aramco and Ma’aden sign shareholders agreement for Zone-4 copper exploration
Aramco and Ma'aden signed a Zone-4 shareholders agreement covering 10% of Saudi Arabia, quietly pivoting the JV from lithium to copper and rare earths.
Thungela Resources (JSE: TGA) earnings recover as higher coal sales and Ensham output provide support
Thungela’s underlying earnings are recovering as coal prices, export sales and Ensham production improve, but cash flow matters more than the Kleinkopje-driven EPS surge.
Hariom Pipe profit falls 30% after Perundurai shutdown, but Q2 starts with the plant back online
Hariom Pipe Industries Limited lost most of Q1 production from a Perundurai unit that generated 40% to 45% of FY26 revenue. The plant is running again, but reaching the company’s 30% volume-growth ambition now requires a steep acceleration.
Asante Gold cuts $50m of spending as Bibiani higher-grade ore becomes key to 2026 guidance
Asante Gold revenue surged 124% to $544M, but high costs and a $218M working-capital deficit make its H2 turnaround crucial.
Norsk Hydro could take a $75m to $100m Q3 hit from just 100,000 to 120,000 tonnes of lost alumina
Alunorte’s temporary gas disruption is expected to remove only 100,000 to 120,000 tonnes of alumina production, but Norsk Hydro ASA still sees a potential $75 million to $100 million Q3 financial impact because lost output is only part of the cost.
Valterra Platinum (JSE: VAL) earnings soar as higher PGM prices push mining margin to 50%
Valterra Platinum’s HEPS surged 1,634% and free cash flow reached R25.5 billion as PGM prices rallied, supporting a R57 interim dividend and R23.7 billion net cash position.
MAN Industries Q1 EBITDA jumps 93%, but the bigger Saudi Arabia test starts in Q2
MAN Industries delivered record Q1 FY27 EBITDA and a 14.6% margin, but only ₹43 crore of National Pipe Company revenue was consolidated. Full Saudi contribution, ₹3,600 crore of orders and new QatarEnergy eligibility now have to carry a much larger FY27 revenue target.