No 1 source of global mining news and opinion
The Australian government will provide a combined A$585 million in loans to two miners as it seeks to build a domestic industry for the metals and minerals that are key to the energy transition.
Alpha HPA Ltd. will receive a A$400 million loan to build Australia’s first high-purity alumina processing facility in Queensland, the government said in a statement. Renascor Resources Ltd. will get A$185 million to help fast-track a graphite mine and processing plant in South Australia. The loan was originally approved in February 2022.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Aura Minerals shares gain as miner ups gold reserves nearly 24%No 1 source of global mining news and opinion
Read more »
Apple Shares Surge on Positive Sentiment and AI PotentialApple's shares climbed 4.3% on Thursday, marking its best day since May 5, 2023. The rise is attributed to improving sentiment among hedge fund investors and the company's potential in artificial intelligence.
Read more »
Levi Strauss Shares Surge on Higher Profit ExpectationsLevi Strauss shares jumped 18% after the company announced that its profits will exceed expectations in fiscal 2024. The company is implementing cost-cutting measures and focusing on online and direct sales to boost its bottom line.
Read more »
Levi Strauss shares surge as profits expected to exceed estimates in 2024Levi Strauss announced that its profits for fiscal 2024 will be higher than expected, leading to an 18% increase in its shares. The company is achieving this by cutting costs, improving efficiencies, and shifting sales from department stores to online and its own shops. Levi's also reported its adjusted earnings per share for fiscal 2024 to be between $1.17 and $1.27, surpassing the previous range of $1.15 to $1.25. As discretionary spending slows down, the company is focusing on cost reduction and efficiency improvement to enhance its profitability.
Read more »
Levi Strauss shares surge 18% on raised profit guidance, holiday earnings beatShares of Levi Strauss surged after the company said its profits will be higher than expected in fiscal 2024 thanks to cost cuts, layoffs and fewer promotions.
Read more »
Hong Kong stocks lead gains in Asia-Pacific markets as Xiaomi shares surge 15%Xiaomi Corp shares jumped 15%, leading gains on the Hang Seng index, while investors assessed economic data from South Korea and Australia.
Read more »