Argonaut

South32’s Bottom Line Punished By Weak Aluminium Prices In FY 2019

South32’s Bottom Line Punished By Weak Aluminium Prices In FY 2019

A drop in aluminium prices thanks to the heightening trade war between the United States and the People’s Republic of China took a serious toll on Australian metals miner South32 Limited’s results for the fiscal year of 2019, as the firm reported...

Events

Aluminium Price Drop Sinks Chalco Profits by 19.4 Percent in Q1

Aluminum Corp of China Ltd (Chalco) released first-quarter results on Monday, turning in a net profit in the quarter lower by 19.4 percent from the previous year. For the just-ended quarter China’s biggest state-run aluminium smelter recorded CNY308.6 million in net profits, off from adjusted net profits of CNY382.9 million in the first quarter of […]

Metro Mining Raises A$38 MM to Complete Bauxite Hills Mine Funding

Brisbane’s Metro Mining Ltd announced earlier today a successful bookbuild that raised the firm A$38 million (US$30 million) in capital. According to Metro, the institutional placement was quite popular, gaining support with both existing investors and new parties from both within Australia and abroad. Greenstone Metro Holdings LP was part of the institutional placement and […]