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Resolute Mining Says Mali Mine to Meet Lower End of 2026 Production Guidance Despite Disruptions

Resolute Mining (ASX:RSG) said full-year 2026 production at its Syama Gold Mine in Mali is now expected to be around the lower end of its guidance range of 195,000 to 210,000 ounces due to logistical and supply chain disruptions caused by road insecurity in parts of Mali, according to a Friday Australian bourse filing.The company said second-quarter gold production at Syama is expected to be about 30,000 ounces, compared with its original forecast of 40,000 to 45,000 ounces.The planned three-week shutdown of the sulfide plant and roaster, originally scheduled for May, has been deferred to mid-June due to current in-country conditions, with the extended maintenance shutdown expected to increase the availability of the sulphide processing plant, the company said.Processing optimization initiatives are underway to improve overall plant throughput throughout the remainder of the year, the company added.

ASX:RSG

Asia37d ago

Civmec Lifts Order Book to AU$1.5 Billion on Contract Awards

Civmec (ASX:CVL) said it has secured a series of new contract awards, panel extensions and orders across its resources, infrastructure, energy and maintenance divisions, lifting its order book to a record AU$1.5 billion, according to a Friday filing with the Australian bourse.Major contract awards include a structural, mechanical, piping, electrical, and instrumentation installation package at Iluka Resources' (ASX:ILU) Eneabba Rare Earths Refinery in Western Australia, expanding the company's scope and supporting commissioning in mid-2027, per the filing.The company has also secured its portion of the alliance contract to deliver the Perth Park entertainment and sporting precinct on the Burswood Peninsula, with completion anticipated in late 2027, the filing said.The company also secured additional maintenance and manufacturing contracts and panel extensions across lithium, rare earths, iron ore, coal, alumina, hydrocarbons, and other critical minerals, with increased early contractor involvement activity strengthening its forward pipeline and regional facility utilization, the filing added.

ASX:CVLASX:ILU

Asia37d ago

Perpetual to Acquire 70% Stake in Financial Technology Firm

Perpetual (ASX:PPT) agreed to acquire 70% of the shares in financial technology firm Interfi Systems, according to a Friday filing with the Australian bourse.The sale and purchase agreement also comes with an option to acquire the remaining 30% of Interfi Systems' shares by fiscal 2031, the filing said.The transaction, to be funded from internally generated cashflows, is expected to be completed before the end of June, per the filing.Financial terms were not disclosed.

ASX:PPT

Asia37d ago

Tungsten Mining Starts Reverse Circulation Drilling at Western Australia Project

Tungsten Mining (ASX:TGN) started reverse circulation drilling at the Mt Mulgine project in Western Australia to test the Mulgine Trench exploration target, according to a Friday filing with the Australian bourse.Initial assay results are expected after about six weeks, the filing said.Additionally, a planned diamond drilling will collect material for metallurgical test work and secure geotechnical data for pit designs, per the filing.

ASX:TGN

Asia37d ago

Cygnus Metals Takeover by Central Asia Metals Seen Positive for Shareholders, Says Euroz Hartleys

Cygnus Metals' (ASX:CY5) AU$232 million acquisition by Central Asia Metals is overall positive for shareholders, providing exposure to a more liquid and cashflow-positive London-listed metals producer, Euroz Hartelys said in a note on Thursday.Under the deal, existing Central Asia Metals shareholders will own about 70% of the company's enlarged fully diluted issued share capital, while Cygnus shareholders will own the remaining 30%, according to a late Tuesday filing with the Australian bourse.The investment firm said there is a possibility another bidder could emerge due to recent merger and acquisition activity in the region, which could boost the current takeover price of AU$0.176.Euroz Hartleys maintained its speculative buy rating and lowered its price target to AU$0.17 from AU$0.53, levelling it with the bid price.

ASX:CY5

Asia37d ago

Monadelphous Group Secures AU$380 Million CS Energy Contract for Queensland Project

Monadelphous Group (ASX:MND) secured a major engineering and construction contract valued at around AU$380 million from CS Energy to deliver works on the Brigalow Peaking Power Plant near Chinchilla in Queensland, according to a Friday filing with the Australian bourse.The scope covers balance-of-plant construction and installation of 12 aeroderivative gas turbine generator units totaling 400 megawatts, plus engineering and design of minor packages, per the filing.Work is set to begin in the second half of the year and is expected to be completed by early 2029, the filing said.The facility will provide peak power for over 150,000 homes, strengthen grid reliability alongside renewables, and support up to 300 construction jobs while supporting local employment and supply chains, the filing added.

ASX:MND

Asia37d ago

Market Chatter: Big Miners Urge Government to Back Stronger Stance Against China's Iron Ore Buying Power

Rio Tinto Group (ASX:RIO), BHP Group (ASX:BHP), and Fortescue (ASX:FMG) are urging the Albanese government to consider policy responses to China's increasing consolidation of iron ore purchasing power, warning that the shift is reshaping pricing dynamics in Australia's most valuable export market, the Australian Financial Review reported on Friday.The push targets the China Mineral Resources Group (CMRG), a state-backed buyer set up in 2022 that now handles about 70% of China's iron ore imports, boosting Beijing's bargaining power, pressuring contract prices, and tightening negotiations with major suppliers amid concerns of a structural shift in market power, per the report.CMRG said it wants to close the profit gap between Chinese steelmakers and iron ore producers, but Australian miners attribute weak margins to China's steel overcapacity, reviving debate over whether greater miner coordination should be permitted despite competition law limits.The federal government has avoided intervening in pricing, with Resources Minister Madeleine King saying iron ore prices are set by producers and buyers, and that critical minerals policies are not intended to influence bulk commodity prices.(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.)

ASX:BHPASX:FMGASX:RIO

Asia37d ago

Orora Earnings Under Pressure From Weak Spirits Market, Says Jefferies

Orora (ASX:ORA) is facing tough conditions in the spirits market with persistent cyclical pressures and structural uncertainty weighing on its French business, Saverglass, Jefferies said in a note on Thursday.The investment firm cut its EPS forecast for fiscal 2027 and 2028 by 9% and 16%, respectively, citing weaker pricing due to de-premiumization and softer volumes in North America amid continued weakness in demand for spirits.Jefferies does not expect the pricing pressure and negative mix impacts to stabilize until the second half of fiscal 2027. It also expects Saverglass revenue to decline by 4% in 2027.The glass maker is also reeling with residual cash impacts in light of the Middle East conflict, as its Ras Al Khaimah facility remains offline. While hedges against energy prices are set to roll off in the second half of 2027, which could lead to higher costs."We see better value elsewhere," analysts at Jefferies said.The brokerage maintained a hold rating and lowered its price target to AU$1.34 from AU$1.69.

ASX:ORA

Asia37d ago

Lung Fung Group Raises HK$600 Million in Hong Kong IPO Ahead of Debut

Lung Fung Group (HKG:2290) raised HK$599.6 million in net proceeds from its initial public offering in Hong Kong.The final offer price was set at HK$5.18 per share, the bottom of the offer price range, according to a Thursday after-market filing with the Hong Kong Stock Exchange.The Hong Kong-based beauty, health, and pharmaceutical products retailer offered 125 million shares in the global offering.The Hong Kong public offer was 664.92 times subscribed, with a final allocation of 12.5 million shares, representing 10% of the total offering.The international offering was 3.18 times subscribed, with a final allocation of 112.5 million shares, or 90% of the total offering.Lung Fung Group is scheduled to debut on the Hong Kong bourse on Friday, June 5.

HKG:2290

Asia37d ago

Gentrack Group Says Regal Partners' Unit Reduces Stake

Gentrack Group (ASX:GTK, NZE:GTK) received notice that Regal Funds Management, a unit of Regal Partners (ASX:RPL), decreased its holdings in the company to 8.748% from 9.79%, according to a Friday filing with the New Zealand bourse.Regal Funds now owns 9.8 million shares in the company, the filing said.

ASX:GTKASX:RPLNZE:GTK

Asia37d ago

Meridian Energy 'Welcomes' Draft Fast-Track Decision to Relax Lake Pukaki Water Limits

Meridian Energy (NZE:MEL, ASX:MEZ) "welcomed" a fast-track panel draft decision to relax operating limits at Lake Pukaki, allowing use of water stored between 518 and 513 meters above sea level for three years, ahead of a Transpower-estimated 4% electricity shortage risk threshold, according to a Friday filing with the Australian and New Zealand bourses.The company acknowledged stakeholder concerns regarding eased access to contingent storage and proposes that, if the draft is confirmed, half of the five meters of contingent storage continue to be restricted to periods of heightened supply security risk for the remainder of the year, given the positive hydro outlook for winter, the filing said.The draft decision also approves permanent rock armoring at Pukaki Dam to improve resilience against wave erosion under lower lake operating levels.The panel's final decision is due by July 3, the filing added.

ASX:MEZNZE:MEL

Asia37d ago

LongBio Pharma Raises HK$1.3 Billion in Hong Kong IPO Ahead of Debut

LongBio Pharma (HKG:1779) raised HK$1.25 billion in net proceeds from its initial public offering in Hong Kong.The final offer price was set at HK$96.06 per H-share, according to a Thursday after-market filing with the Hong Kong Stock Exchange.The Chinese biopharmaceutical company offered 14.2 million H-shares in the global offering.The Hong Kong public offer was 4,762.58 times subscribed, with a final allocation of 1.4 million shares, representing 10% of the total offering.The international offering was 10.94 times subscribed, with a final allocation of 12.8 million shares, or 90% of the total offering.An over-allocation of 2.1 million shares was made under the global offering.Cornerstone investors, including OrbiMed Genesis, The Biotech Growth Trust, TruMed Innovation Fund, TruMed Master Fund, Shanghai Gaoyi, Wisdomshire Asset Management, Vision Fund 1, and GSC Fund 1, were allotted a combined 7.1 million shares, representing 49.96% of the global offering, according to the filing.LongBio Pharma is set to debut on the Hong Kong bourse on Friday, June 5.

HKG:1779

Asia37d ago

Dajin Heavy Industry Nets HK$6.5 Billion in Hong Kong IPO Ahead of Debut

Dajin Heavy Industry (HKG:1081, SHE:002487) raised HK$6.47 billion in net proceeds from its initial public offering in Hong Kong.The final offer price was set at HK$66.40 per H-share, the maximum offer price of the deal, according to a Thursday after-market filing with the Hong Kong Stock Exchange.The China-based offshore wind power equipment provider offered 100 million H-shares in the global offering after fully exercising the offer size adjustment option.The Hong Kong public offer was 134.39 times subscribed, with a final allocation of 8.7 million shares, representing 8.7% of the total offering.The international offering was 10.68 times subscribed before the exercise of the offer size adjustment option, with a final allocation of 91.3 million shares, or 91.3% of the total offering.An over-allocation of 15 million shares was made under the global offering.Cornerstone investors, including GIC, HHLRA, HIM, CPE Juniper, UBS AM Singapore, Taikang Life, Eastspring Singapore, and Eastspring HK, were allotted a combined 42.2 million shares, representing 42.21% of the global offering, according to the filing.Dajin Heavy Industry is scheduled to debut on the Hong Kong bourse on Friday, June 5.

HKG:1081SHE:002487

Asia37d ago

Hartshead Resources Confirms Court Hearing Date for Proposed Acquisition by ACAM GP

Hartshead Resources (ASX:HHR) said the Supreme Court of Western Australia will hold a hearing on June 11 to consider approving ACAM GP's proposed acquisition of the company via a scheme of arrangement, subject to shareholder approval at the scheme meeting on June 8, according to an Australian bourse filing on Thursday after market hours.Under the proposal, shareholders would receive AU$0.014 for each fully paid ordinary share and AU$0.0007 for each partly paid ordinary share, the filing said.Shareholders seeking to oppose the scheme at the court hearing may do so if they file and serve a notice of appearance and supporting affidavit on the company at least one day before the hearing, the filing added.

ASX:HHR

Asia37d ago

Lynas Rare Earths Appoints Interim CEO

Lynas Rare Earths (ASX:LYC) appointed Chief Operating Officer Pol Le Roux as interim chief executive, effective July 1, according to an Australian bourse filing on Thursday after market hours.Le Roux will succeed Amanda Lacaze, who will retire on June 30, the filing said.

ASX:LYC

Asia38d ago

Quantgroup Completes Validation of AI Tech in Catering Consumption Scenarios

Quantgroup (HKG:2685) completed the validation of multiple categories of artificial intelligence technology in catering consumption scenarios, according to a Thursday Hong Kong bourse filing.During the R&D and testing phases, the technologies demonstrated consistent and stable performance, the e-commerce platform operator said.

HKG:2685

Asia38d ago

Top Form International's Sales Slide 22% in Fiscal Q3

Top Form International (HKG:0333) recorded sales of HK$238.4 million in the quarter ended March 31, down 22% from a year prior, according to a Thursday Hong Kong bourse filing.Of the total, 68% of sales were to the US market, 10% to Europe, and 22% to the rest of the world.For the nine months ended March 31, the intimate apparel manufacturer's sales slipped 22% to HK$739.1 million.The decline in sales over both periods was driven by lower sales to customers in the United States.Output from the firm's overseas manufacturing facilities in Asia, excluding China, made up 86% of global production, with China output accounting for the remaining 14%.

HKG:0333

Asia38d ago

MMG Unit to Obtain Logistics Services from Affiliate

MMG (HKG:1208) unit Khoemacau Copper Mining agreed to obtain logistics services from Minmetals Shipping (Singapore) from time to time, according to a Thursday Hong Kong bourse filing.Under the contract, the firm will receive international sea and overland shipping, logistics, and transportation services for a Khoemacau copper mine in Botswana from time to time for two years.Minmetals Shipping is a subsidiary of China Minmetals, the ultimate controlling shareholder of the firm.

HKG:1208

Asia38d ago

Dickson Concepts' Full-Year Profit Rises 26%; Dividend Declared

Dickson Concepts (International) (HKG:0113) recorded an attributable profit of HK$248.9 million for the year ended March 31, up 26% from HK$198 million a year prior, according to a Thursday Hong Kong bourse filing.Earnings per share jumped to HK$0.645 from HK$0.504 in the corresponding period of the previous fiscal year.The luxury goods company's revenue for the year increased 3.5% to HK$1.99 billion from HK$1.92 billion in the year-ago period.The firm attributed the higher profit to an exchange gain from the revaluation of its assets denominated in US dollars, a rise in retail turnover, and an increased profit contribution from its investment portfolio.The firm recommended a final dividend of HK$0.25 per ordinary share, compared to no dividend the previous year.The dividend will be paid on or around Aug. 21 to shareholders of record on Aug. 14.

HKG:0113

Asia38d ago

Market Chatter: Indonesia Passes Bill Expanding Central Bank Mandate

Indonesia's parliament on Thursday approved financial sector legislation that expands the mandate of Bank Indonesia and introduces new governance provisions affecting the central bank and other financial regulators, Reuters reported the same day.Under the legislation, the central bank's policy objectives will be broadened to include supporting "an economic environment conducive to real-sector growth and job creation." The law also introduces a new mechanism concerning the removal of members of Bank Indonesia's board of governors, according to the report.In addition, the legislation grants parliament a greater role in overseeing independent financial regulators. Lawmakers will be able to evaluate bodies such as Bank Indonesia, the Financial Services Authority (OJK) and the Indonesia Deposit Insurance Corp. (LPS), and issue recommendations that are binding, the news outlet reported.The legislation also establishes a legal framework for the planned demutualization of the Indonesian Stock Exchange, sets rules for the development of an exchange for minerals and other strategic commodities, and sets rules for the proposed creation of an international financial center in the country, Reuters reported.The full text of the legislation had not been publicly released, according to the report.(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.)

^JKSE

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