BullStreet.com.au -ASX News & Insights’ Post

**Horizon Minerals seals gold toll milling agreement with #FMR** - Horizon Minerals and FMR INVESTMENTS PTY LIMITED have a binding toll milling agreement for 200,000 tonnes of #gold ore from the Cannon project, with processing starting in December 2024 at FMR's #Greenfields Mill. - Horizon will manage contract mining and ore transportation, with processing spanning eight months and involving upfront payments and competitive rates. - Horizon must meet delivery schedules to retain allocated tonnes, and the Cannon site is fully permitted with pre-production activities underway. - The agreement allows processing ore from other deposits, including potential acquisitions, and AMC Consultants will update the Cannon Ore Reserve by June 2024. - Horizon is finalizing tenders for mining and haulage contractors, with CEO Grant Haywood highlighting the agreement’s role in generating cash flow alongside a separate ore sale agreement with Paddington. #mines #mining #rawmaterials #decarbonisation #mineralexploration

Investors in the #ASX200 mining sector may need to prepare for a shift in their #dividend strategy 📉. A recent analysis suggests potential cuts, particularly within the iron ore sector. Giants like BHP, Rio Tinto, and Fortescue could face reduced payouts amidst market fluctuations and increased capital expenditures. Factors including the #IronOre market dynamics and obligations from events like the Samarco disaster are reshaping financial projections. While there's potential for a temporary boost in commodity prices, the long-term outlook remains uncertain with new projects on the horizon. What does this mean for shareholders? Diversify your approach and stay vigilant. Now is the time for cautious optimism and strategic planning. Read the full insights here and understand the implications for your investments: https://lnkd.in/gbfdW8j6 #MiningSector #InvestmentStrategy #MarketTrends #FinancialPlanning

In light of recent bull run in bellwether metal Copper and its strategic importance owing to its key role in shift towards clean energy & artificial intelligence, major mining stalwarts are planning to incorporate copper into their portfolios. This shift is essential due to growing importance of copper for decarbonisation and achieving firms Net Zero Goals. A recent development occurred on this front in mining industry with BHP proposal to takeover Anglo American Copper assets. Anglo American consists of Copper, Iron Ore, Coal ,Platinum and Diamond mines with Copper vertical in Latin America as a crown jewel of its portfolio In May 2024, BHP, a major mining company proposed a $ 49 billion takeover of Anglo American Copper assets which is one of the biggest acquisition proposals in recent past. However, the deal ultimately fell through due to Anglo American's disagreements over deal's structure and Anglo American strategic plans to spin off and divest other verticals to unlock value. BHP considers copper assets as a strategic fit in its portfolio with the objective of leveraging synergies and operational efficiencies. BHP proposal includes Anglo American Copper assets excluding Iron Ore, Coal and Diamond assets. Anglo American rebuffed BHP's proposal with the objective of unlocking valuation through spinning off platinum, diamond assets and divesting coal from the portfolio. However, a recent methane accident at Anglo American's flagship coal mine Grosvenor could delay Anglo's strategic plans or could decrease coal assets valuation as mine is now closed for rehabilitation. Given these setbacks and challenges present in Mining industry due to economic and geo political issues, can Anglo American make their restructure plan fruitful? Only time will tell! Meanwhile, other mining giants like Rio Tinto and Glencore are closely watching BHP-Anglo American saga and potentially could propose a more favourable deal to acquire Anglo American Copper assets as both are eyeing to include Copper in their portfolios. #Mining #MiningandMetals #Renewables #Mergersandacquisitions #Strategy #Decarbonization

📢Major Announcement from Macro Metals! We are excited to unveil the launch of our Mining Services Division, alongside the acquisition of an 80% interest in the Wandanya, Disraeli, and Midgengadge Manganese Projects in the Eastern Pilbara region of Western Australia. Mr Simon Rushton, Managing Director says, “I am really pleased to have negotiated Macro’s first joint venture and launch our mining services division. By providing mining services to third parties we can scale our teams quicker than by only providing services as we bring each of our own projects into operation. This means we have more resources, a wider array of skills and experience, redundancy and flexibility sooner; all of which are crucial for safely running a profitable, sustainable diversified mining and mining services business.” This strategic move, in partnership with Firebird Metals Limited (ASX: FRB), allows us to enhance our mining capabilities and provide comprehensive end-to-end services. Under the new Mining Services Agreement, our subsidiary, Macro Mining Services Pty Ltd (MMS), will exclusively manage all operations from pit to customer, ensuring efficiency and quality. Highlights: 📌Acquisition of 80% interest in key manganese projects 📌MMS to exclusively provide mining services 📌Proven in-house exploration and development capabilities We aim to leverage these assets to fast-track development and deliver high-grade Manganese Direct Shipping Ore (DSO) products in the near term. Stay tuned for more updates as we continue to drive growth and excellence in the mining industry. 🗞️Read the full release here: https://lnkd.in/gvrN4xXz #MiningNews #M4M #MacroMetals #Manganese #StrategicGrowth #MiningServices

Very interesting visual from MiningVisuals 🤔 what are your thoughts? Ashley Zumwalt-Forbes, Deputy Director for Batteries and Critical Materials, recently expressed that a significant obstacle to the mining supply chain is access to capital, particularly for junior companies. In her words, “Mining / heavy industry has less access to capital via public markets, less access to capital via debt markets, less room on balance sheets, less EVERYTHING - coupled with the backdrop of extreme capital need to fuel the energy transition. We need to start valuing these companies more appropriately. Capital needs to flow here.” Here at ARES Strategic Mining Inc., we couldn’t agree more! We would like to take this opportunity to thank our loyal and patient shareholders, some who have been with us for 4 years! Thanks to your investment, ARES are at the cusp of being the ONLY USA producer of critical mineral, fluorspar. There’s still time to take advantage of the free-trading ‘LIFE Offering’ at $0.18 per share closing on July 29, 2024: https://lnkd.in/gQeGhBJg  #investing #capital #stocks #miningstocks #criticalminerals #supplychain #production #fluorspar #ARES

Ausmelt shutdown hurts Tsumeb smelter Dundee Precious Metals Inc. (DPM) had to fork out US$7.4 million – nearly N$137 million – at current exchange rates – in capital expenditures in the third quarter of this year, primarily to the timing of the Ausmelt furnace maintenance shutdown. In the corresponding three months last year, capital expenditures totalled US$2 million, according to DPM’s latest quarterly report. DPM owns 92% of the Tsumeb smelter through its subsidiary, Dundee Precious Metals Tsumeb. Complex concentrate smelted in the past quarter of 21 782 tonnes was 42 208 tonnes lower than the corresponding period in 2022 due primarily to the Ausmelt shutdown. Following the completion of the maintenance work in the past quarter, Tsumeb resumed operations and ramped up to full production towards the end of September, DPM said. “While complex concentrate smelted is expected to increase in the fourth quarter, reflecting improved operating performance as a result of the maintenance work, it is forecast to be below the guidance range for the year,” the group said. #namibia #mining #copper

Tribeca Investment Partners Global Natural Resources head Ben Cleary at The Australian Financial Review Mining Summit in Perth yesterday talking about where we are in the commodity cycle, making the case that BHP’s bid for Anglo American shows we are in a ‘cheaper to buy than build’ phase for commodities like copper. “The extraordinarily long gestation periods for new mines, and the ever-increasing costs of building them – Cleary says BHP’s giant Escondida copper mine in Chile would cost about $25 billion to build today – means there is a clear preference for miners to buy assets rather than build them. It’s why Cleary believes we are about to enter the era of the “disappearing resources sector” where big deals become more common – and big multiples will be required to close them. “I think you’re going to see more deals because that fits into the buy-over-build strategy,” he says.”   #mining #copper #invest

Shareholders of BHP and Anglo American anticipate another improved bid from BHP before the regulatory deadline, despite Anglo’s restructuring plans. Anglo intends to focus on copper and iron ore, selling off other assets, in response to BHP’s bid. Investors foresee potential for a revised offer from BHP, expecting a 5% increase, signaling uncertainty in Anglo’s strategy. BHP’s CEO emphasizes the importance of shareholder input in determining the best course. Anglo’s refusal to engage directly with BHP is seen as aggressive and potentially unsettling for its own shareholders. This standoff could impact Chile, a major copper producer, by influencing global market dynamics and investment sentiment in the mining sector.

This morning we have announced our results for the June quarter. Highlights of the results include record quarterly copper production at Golden Grove (since 29Metals took ownership) and record development advance rates at Xantho Extended. Commenting on the quarter, CEO James Palmer, said: “It’s clear from my first 90 days that we have a team committed to realising the enormous potential embedded in the 29Metals portfolio, with the June quarter providing a snapshot of the opportunity ahead for the Company. Mining at Golden Grove’s highest-grade ore source, Xantho Extended, is ramping up. Enabled by the significant investment made into mine debottlenecking and surface infrastructure upgrades since the 29Metals IPO. The value in the ground at Capricorn Copper was highlighted by exceptional high-grade copper drill results received post quarter end, with reduction of the water levels on site the first step towards unlocking that value and progressing the site towards a successful and sustainable restart of operations.” You can read further details in this morning’s announcement here: #29Metals #copper

EQ Resources Limited is pleased to present our Quarterly Activities Report, detailing significant progress across our operations. HIGHLIGHTS MT CARBINE OPERATIONS ✅ Open cut mining operations ramping up with regular blasts. ✅ Record monthly tungsten concentrate production for July and new record for September 2023, with a 181% increase quarter-on-quarter. MT CARBINE EXPLORATION ✅ Exploration drilling was undertaken at the Ruby Vein (Part of the Iron Duke Formation) and in the eastern area of the Mt Carbine Deposit. ✅ 36 Reverse Circulation (RC) holes were drilled for a total of 1,817m with all holes reaching 51m in depth. CORPORATE DEVELOPMENT & FUNDING ✅ EQR acquired leading European tungsten concentrate producer Saloro, S.L. and secured $25 million investment by Oaktree Capital Management, L.P. * ✅ XRT ore sorter trials at Saloro’s #Barruecopardo mine hit targets showing strong operational results, in terms of throughput and metal recovery. ✅ Investors holding convertible notes issued in September 2021 converted 100% of their notes into EQR ordinary shares. ✅ EQR has been awarded the permit for resource exploration across the Wolfram Camp Mine, Bamford Hill Mine and surrounding exploration areas under the program for ‘Recommercialisation of Abandoned Mines’ by the Queensland Department of Industry, Science and Resources. Read the full report here: https://lnkd.in/eQ-WJuwC #quarterlyreport #CorporateDevelopment #Investment #ResourceManagement #MetalsAndMining #criticalminerals #miningnews