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Metals and Mining Industry News
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Savannah Resources secures $40m as Barroso lithium project moves toward construction
Savannah Resources has completed a US$40.2 million equity financing that lifts available cash above US$53 million, giving the Barroso Lithium Project a substantially stronger runway toward a targeted final investment decision and construction phase.
Nucor (NYSE: NUE) falls 6% as Q3 guidance misses despite steel earnings rebound
Nucor expects third-quarter earnings to more than double from a year earlier, but guidance still fell short of Wall Street expectations and exposed the importance of raw-material margins after a huge 2026 steel rally.
Macmahon (ASX: MAH) jumps 9% as A$75m Aspect deal promises 6.2% EPS lift
Macmahon Holdings is buying Aspect Engineering Solutions at roughly five times FY26 EBIT, adding higher-margin engineering and minerals-processing capabilities while structuring much of the consideration around retention and future performance.
ArcelorMittal takes $1bn Ukraine charge as Kryvyi Rih steel plant shuts
ArcelorMittal says it cannot safely and sustainably restart its Kryvyi Rih steel operation after four missile strikes in five weeks killed five people, injured 17 and caused extensive production damage, prompting a roughly $1 billion impairment.
BHP restarts Escondida after fatal accident halted world’s biggest copper mine
BHP is progressively restarting operations at Chile’s Escondida copper mine after suspending activity following the death of an employee during maintenance work, restoring output from one of the most important assets in the global copper market.
Yancoal Australia revenue rises 13% as A$2bn net cash cushions profit slump
Yancoal Australia Limited increased first-half revenue and operating EBITDA as coal production rose, but statutory profit fell sharply and its planned acquisition of Kestrel Coal Group is set to put a large cash balance to work.
Cornish Metals faces $161m equity test after securing $210m South Crofty bond
Cornish Metals has assembled the debt side of South Crofty’s financing and accelerated mine development, but access to its US$210 million bond still depends on completing at least US$161 million of equity funding.
Caravel Minerals signs Thiess MOU as giant WA copper project heads toward DFS
Caravel Minerals Limited has signed a mining-services memorandum with Thiess for its Western Australian copper project as the developer works toward a delayed definitive feasibility study and an eventual funding decision.
Ramelius Resources targets up to 610,000oz of gold as FY27 growth spending surges
Ramelius Resources Limited has lifted its FY30 gold-production outlook to as much as 610,000 ounces, sending its shares sharply higher even as FY27 growth expenditure rises to A$480 million-A$570 million.
Glencore locks in a decade of US battery materials before Nth Cycle’s listing
The 10-year agreement creates a closed-loop supply chain in which Glencore provides shredded batteries and receives recovered lithium and nickel materials from a larger US facility due in 2029.