Decidr AI Industries (ASX:DAI) partnered with SouthernCrossAI, an Australian sovereign artificial intelligence cloud provider, to support the rollout of DecidrOS to Australian enterprise clients, according to a Monday filing with the Australian bourse.
The partnership also advances the company's Knowledge Security roadmap, per the filing.
Nickel Industries (ASX:NIC) reported an updated resource for the Sampala project in Indonesia of 1.10 billion wet metric tonnes at 1.24% grade of nickel and 0.09% grade of cobalt, for 8 million tonnes of nickel and 583 thousand tonnes of cobalt, according to a Monday Australian bourse filing.It is making an advance payment of $28.5 million to secure its right to acquire a 60% equity interest, including control and economic rights, in PT Abadi Nikel Nusantara, whose mining concession forms part of the project. Following the advance payment and before completion of the acquisition, PT Abadi Nikel Nusantara will be managed and operated as a joint venture between Nickel Industries and the vendor.The final acquisition payment of $144 million for a 60% interest in the PT Abadi Nikel Nusantara mining concession will be due in April 2027.It submitted the feasibility study for the PT Abadi Nikel Nusantara IUP during the March quarter and expects to receive the PT Erabaru Timur Lestari feasibility study approval during the June quarter.
Japan's financial regulator is urging listed companies to use more of their large cash reserves for long-term investments instead of buybacks and dividends, Bloomberg News reported Monday, citing a senior FSA official.Tatsufumi Shibata said executives consider using cross-shareholdings and real estate for growth, noting that Japanese firms often favor shareholder returns regardless of their growth stage, the news wire said.Prime Minister Sanae Takaichi, aiming to revive the economy by redirecting corporate and household wealth into growth, has criticized idle cash, which, per Bloomberg data, rose 84% over the past decade to 130 trillion yen, the publication said.Though the upcoming Corporate Governance Code revision has yielded gains such as higher market caps, Shibata said firms are not yet truly enhancing long-term value, and the new code falls short of mandating effective cash use, disappointing some investors, it added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Aurum Resources (ASX:AUE) said Côte d'Ivoire's government issued three environmental approval certificates for the company's Boundiali gold project, moving it closer to mining license approval, according to a Monday filing with the Australian bourse.The certificates granted on May 20 cover all three mining license applications filed across the 3.22-million-ounce gold project, the company said.Aurum has 16 company‑owned diamond rigs operating at Boundiali, with a pre‑feasibility study expected in the current quarter and a definitive feasibility study on track for the fourth quarter.