FINWIRES · TerminalLIVE
FINWIRES

BCI Minerals' Pilbara Salt Project Continues to De-risk Despite Cyclone Disruptions, Says Euroz Hartleys

By

-- BCI Minerals' (ASX:BCI) Mardie high-purity salt project development on the Pilbara Coast continues to de-risk, with a strong long-term outlook even as recent cyclone disruptions have curtailed the timing of first production, Euroz Hartleys said Tuesday in a note.

Construction of the project, expected to be the third largest salt operation globally and the largest in Australia, is now 81% complete.

The full impact of heavy rainfall from Cyclones Mitchell and Narelle has yet to be determined. However, in a positive move, salt operations have restarted with pond density increasing.

Additionally, demand from chlor-alkali plants under development in India, China and Indonesia is projected to support stronger medium-term prices despite soft salt import pricing during the quarter.

Euroz Hartleys maintained a speculative buy rating and a price target of AU$0.50, both under review as it assesses the impact on first salt sales timing and weak short-term salt pricing.

Related Articles

Asia

Codan Raises Fiscal 2026 EBIT Guidance; Shares Climb 13%

Codan (ASX:CDA) now expects earnings before interest and tax (EBIT) for fiscal 2026 of about AU$235 million and net profit after tax of about AU$170 million, representing an increase of over 60% for both measures versus fiscal 2025, according to a Wednesday Australian bourse filing.The company said its communications business is expected to achieve revenue growth at the top end of the 15% to 20% range for the fiscal year, with the segment now expected to achieve a 30% profit margin, ahead of the previously targeted timeline of the end of fiscal 2027.Minelab revenue in the fiscal second half to date is tracking ahead of the strong first-half performance, with the group continuing to expect second-half performance to exceed the first half, the filing added.Codan will release its fiscal 2026 results on Aug. 20.The company's shares surged 13% in recent Wednesday trade.

$ASX:CDA
Asia

Regis Healthcare Appoints Andrew Kinkade as CEO

Regis Healthcare (ASX:REG) appointed Andrew Kinkade as managing director and CEO, according to a Wednesday filing with the Australian bourse.Kinkade, currently the managing director of Bupa Villages & Aged Care, will succeed Linda Mellors, who has resigned and will complete her notice period on June 19.

$ASX:REG
Asia

G8 Education to Suspend Operation of Around 40 Centers

G8 Education (ASX:GEM) plans to suspend the operation of around 40 of its centers as a result of an assessment of its network, according to a Wednesday Australian bourse filing.It will transition customers to one of the nearby centers and, where possible, redeploy team members. The firm will then consider longer-term options for those centers, including lease surrender, divestment, or other alternatives.The firm will also reorganize its support office structure and reduce its cost base.Its current spot occupancy as of April 24 came in at 56.4%, down 7% year-over-year, while year-to-date occupancy was 56.1%, down 7.9% versus the prior corresponding period.Occupancy across the early childhood education and care sector is lower compared to previous years due to sustained affordability pressures, falling birth rates, increased long-day care supply, and confidence impacted by serious child safety incidents, the filing noted.

$ASX:GEM