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BHP Resumes China Iron Ore Sales: Report - BHP Group (NYSE:BHP)
Benzinga· 2025-10-10 15:26
BHP Group Limited (NYSE:BHP) has resumed iron ore sales into China, quelling speculation that Beijing had restricted purchases from the world's top producer.According to Reuters, the move followed reports of several cargoes being offered to buyers after China's week-long national holiday.Market sources reported that a 170,000-metric-ton shipment was sold to a Chinese trading house on Thursday, with payment made in U.S. dollars.Also Read: BHP Hedges China Risks With Olympic Dam Copper InvestmentLast week, Th ...
China's state iron ore buyer offers BHP cargoes for sale amid ban fears
Yahoo Finance· 2025-10-10 10:03
(Reuters) -Several cargoes of BHP iron ore were put up for sale in China on Thursday and at least one was sold to a local trader, potentially defusing concerns in Australia that Beijing had imposed a ban on iron ore sales from the world's biggest miner. BHP sold a 170,000-metric-ton cargo to a Chinese trader on Thursday, the first day of trading after China's week-long national holiday, according to two traders with direct knowledge of the matter. The cargo was paid for in dollars, they said. The same da ...
ASX Market Open: Mid-week bounce can’t save morose W41 from overall fall; Bullock hearing to come | Oct 10
The Market Online· 2025-10-09 21:37
Join our daily newsletter At The Bell to receive exclusive market insightsASX today – Australian shares are heading for a -0.29% drop at open on Friday, which would guarantee a maudlin Week 41 comes into the weekend down overall, even despite that Wed-Thursday pop that ticked things back slightly.Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.With both gold and oil prices falling back from their mid-wee ...
Cerrado Gold (OTCPK:CRDO.F) 2025 Conference Transcript
2025-10-09 15:32
Summary of Cerrado Gold Conference Call - October 09, 2025 Company Overview - **Company**: Cerrado Gold (OTCPK:CRDO.F) - **Focus**: Gold and precious metals production, with projects in Argentina and Portugal Key Points Industry and Market Context - Argentina is becoming increasingly attractive for new mining endeavors, particularly at a larger scale [2][3] - The European market, specifically Portugal, is supportive of mining projects, with the Lagoa Salgada project deemed a project of national interest [2][3] Production and Financial Performance - The company has repositioned its Argentinian mine to achieve over 50,000 ounces of production annually for four consecutive years [1] - Targeting all-in sustaining costs between $1,500 to $1,700 per ounce [1] - Anticipated free cash flow from Minera Don Nicolás is approximately $25 million, which will be reinvested into projects in Portugal and Quebec [11] Project Updates - **Lagoa Salgada Project**: - Previous feasibility study indicated an NPV of $150 million and a 39% IRR [3] - Updated feasibility study expected by year-end, focusing on metallurgical improvements to enhance metal recoveries and concentrate quality [3] - Environmental approval anticipated in Q1 2026, which is crucial for project confidence [6] - Project construction expected to take about 18 months, with first production targeted for Q1 2028 [7][6] - **Mont Sorcier Project**: - Focused on producing high-grade iron ore concentrate (67% grade), suitable for green steel production [8] - Initial PEA outlined a 21-year mine life, consuming only 25% of the defined resources [9] - Expected to generate over $350 million in EBITDA and $235 million in free cash flow annually [10] Strategic Outlook - The company aims to maintain a steady state gold production of at least 55,000 ounces for the next three years, using cash flow to fund exploration and development [12] - Plans to minimize equity dilution while funding the development of Lagoa Salgada and Mont Sorcier [12][17] - Management is aligned with shareholders, owning 11% of the company [11] Future Considerations - Potential for significant rerating of Cerrado Gold as both Lagoa Salgada and Mont Sorcier projects progress [17] - Future cash flow may be reinvested into projects or returned to shareholders once Mont Sorcier is operational [18] Additional Insights - The company has a clean capital structure with 134 million shares outstanding [11] - The management team has a strong track record in mining and resource development across multiple jurisdictions [14] Conclusion Cerrado Gold is positioned for growth with its strategic projects in Argentina and Portugal, focusing on enhancing production and financial performance while minimizing dilution and leveraging cash flow for future developments.
Iron ore talks between BHP and CMRG may extend into 2026
Yahoo Finance· 2025-10-09 14:30
The pricing dispute between BHP Group and China’s state-run iron ore buyer, China Mineral Resources Group (CMRG), may extend into early 2026, reported Bloomberg, citing sources with knowledge of the matter. Negotiations between the two parties have stalled, leading to concerns about the impact on one of BHP's key trading relationships. Despite the ongoing dispute, BHP has faced minimal disruption to its shipments to China as the company has already fulfilled most of its iron ore allocation for November a ...
MetalQuest Mining Welcomes Distinguished Global Steel & Mining Executive, Praveen Kumar Jha, as a Strategic Adviser for MQM and its Lac Otelnuk Iron Ore Project, Labrador Trough, Quebec
Thenewswire· 2025-10-08 12:55
October 8th, 2025 – TheNewswire - Rockport, Ontario – MQM (TSXV:MQM) is pleased to announce the appointment of Mr. Praveen Kumar Jha, as a Strategic Adviser to the Company. With more than three decades of international leadership experience across some of the world’s most respected steel companies, including JSW and Tata Steel, Mr. Jha brings exceptional expertise in mining, steelmaking, and global business expansion and this experience will add to MQM’s ability to execute AtkinsRealis recommendations. Cl ...
Cerrado Gold (OTCPK:CRDO.F) 2025 Conference Transcript
2025-10-07 19:02
Summary of Cerrado Gold Conference Call Company Overview - **Company Name**: Cerrado Gold - **Stock Symbols**: CRDOF (OTCQX), CERT (TSXV) - **Main Operations**: Minera Don Nicolás in Santa Cruz, Argentina Key Points and Arguments Financial Performance - Investment of approximately **$40 million** in assets and a **$40 million** reduction in debt during the year [2][8] - Current cash balance of **$15 million**, expected to increase to between **$20 million and $25 million** by year-end [8] - Projected free cash flow of about **$50 million** at current prices [9][31] Production and Operations - **Minera Don Nicolás** produces an average of **55,000 ounces** of gold per year at an All-In Sustaining Cost (AISC) of about **$1,700** [2][4] - Ongoing surface exploration program of **20,000 meters** for the current year, with plans to increase to **50,000 meters** next year [4][5] - Underground development initiated to access higher-grade material, with expectations of profitable ounces starting in **November-December** [5][6] Project Development - **Lagoa Salgada** project in Portugal transitioning to a focus on precious metals, with expectations of **40%** precious metals based on feasibility pricing [6][23] - Anticipated completion of feasibility study for Lagoa Salgada by the end of the year, with construction expected to begin in the **third quarter of 2026** [24][38] - **Mont Sorcier** project in Quebec, a high-purity iron ore project, with feasibility expected by **2Q2026** [3][8] Market Position and Growth Potential - The company aims to maintain a **five-year production profile** at Minera Don Nicolás, with ongoing initiatives to demonstrate this by year-end [4][13] - Potential to grow production significantly, with a focus on underground resources that could enhance cash flow [17][18] - The market for high-purity iron ore is growing at **9-10%** annually, with a premium of about **$35** over conventional iron ore [7][8] Strategic Outlook - The company is positioned to drive cash flow and net asset value (NAV) without diluting shareholders [9][11] - Expected NAV growth from **$111 million** to **$258 million** with the construction of Lagoa Salgada, and up to **$2 billion** with Mont Sorcier [11][12] - Anticipated cash flows of **$75 million** from Lagoa Salgada by late **2027**, and up to **$500 million** by **2030** with Mont Sorcier [11][12] Risks and Considerations - Political risk in Argentina acknowledged, but the company has managed to operate effectively despite challenges [38][39] - The company is well-funded for project development, with minimal expected dilution for shareholders [36][37] Community and Environmental Considerations - Commitment to responsible tailings management and water use, with adherence to global standards [33] Additional Insights - The company has a significant land position of about **330,000 hectares** in Argentina, with much of it still unexplored [15][19] - The potential for substantial resource growth exists, particularly in areas adjacent to successful mining operations [20][21] This summary encapsulates the key points discussed during the conference call, highlighting Cerrado Gold's operational performance, strategic initiatives, and market outlook.
Champion Iron (OTCPK:CIAF.F) Earnings Call Presentation
2025-10-06 22:00
INVESTOR PRESENTATION OCTOBER 2025 For personal use only A SOLUTION TO DECARBONIZE STEELMAKING TSX: CIA ⎪ ASX: CIA DISCLAIMER ⎪ OTCQX: CIAFF This presentation (the "Presentation") contains information about Champion Iron Limited ("Champion" or the "Company"), current as at the date hereof or as at such earlier date as may be specified herein. This Presentation does not constitute or form part of, and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire secu ...
X @The Economist
The Economist· 2025-10-03 22:40
For years Australia benefited from a booming Chinese economy—ships full of iron ore and coal streamed out of the country. Yet now those good times are over https://t.co/dTCAjlqdAv ...
ASX Market Open: Three-day Wall Street rally to outshine Oz’s RBA melancholy | Oct 2
The Market Online· 2025-10-01 22:41
Join our daily newsletter At The Bell to receive exclusive market insightsAustralian shares are heading towards a +0.5% jump at open, with Aussie traders unable to ignore the three-day rally Wall Street has been tearing through in Week 40 – and it’s even enough to beat the RBA hangover.Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.The wider mood around the ASX had been a little maudlin after RBA govern ...