COMPANY RESULTS – AUSTRALIA

Lynas stranded by energy mess

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Original article by Brad Thompson
The Australian – Page: 13 & 19 : 26-Nov-25

Lynas Rare Earths has advised that its production will be about one-third lower in the December quarter due to electricity supply problems at its cracking and leaching plant in Western Australia. The $800m plant is located in Kalgoorlie, which has been affected by intermittent power outages for some time, and Lynas says the outages have become more frequent and longer during November. Lynas is now considering off-grid options for the plant, such as diesel fuel and gas; it is also building a 46-megawatt hybrid power station at its Mount Weld rare earths mine.

CORPORATES
LYNAS RARE EARTHS LIMITED – ASX LYC

BHP sees resilient iron ore demand as China slows

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Original article by Mark Wembridge
The Australian Financial Review – Page: 15 : 22-Oct-25

BHP has advised that its Pilbara iron ore production totalled 64 million tonnes in the September quarter, which is one per cent lower than the same period in 2024. The lower output has been attributed to repair work at its Port Hedland infrastructure, but BHP says it is still on track to achieve its full-year production guidance of between 258 million tonnes and 269 million tonnes for 2025-26. BHP expects global demand for iron ore to remain strong, despite expectations of slowing growth in China and the ongoing but yet-to-be confirmed reports that China has banned BHP’s iron ore imports. BHP’s copper production rose by four per cent year-on-year.

CORPORATES
BHP GROUP LIMITED – ASX BHP

US, China trade tensions driving iron ore price surge: Rio Tinto

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Original article by Peter Ker
The Australian Financial Review – Page: 17 : 15-Oct-25

Data from S&P Global Platts shows that the price of iron ore with 62 per cent iron content has risen to its highest level since 21 February; the price of benchmark iron ore has also risen by 18 per cent since 25 June. Rio Tinto says demand for iron ore is holding up despite the trade tensions between the US and China. Rio Tinto shipped 84.3 million tonnes of Pilbara iron ore in the September quarter, putting it back on track to achieve its full-year target of 323 million tonnes following storm disruptions in early 2025; however, Rio Tinto will need to ship 88 million tonnes in the December quarter.

CORPORATES
RIO TINTO LIMITED – ASX RIO, S&P GLOBAL PLATTS

Forrest-backed Greatland loses $1b on guidance

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Original article by Mark Wembridge
The Australian Financial Review – Page: 17 : 30-Jul-25

Greatland Resources has downgraded its 2025-26 production forecast just one month after listing on the Australian sharemarket. The gold miner had previously expected to produce up to 340,000 ounces of gold in the current financial year, but this will now be within the range of 260,000 to 310,000 ounces. MD Shaun Day has attributed the downgrade to Greatland’s "conservative approach" to guidance. The company’s shares fell 22 per cent to $5.36 on Tuesday, compared with an issue price of $6.60 in the recent IPO. Greatland’s investors include Wyloo, the private company of Andrew and Nicola Forrest.

CORPORATES
GREATLAND RESOURCES LIMITED – ASX GGP, WYLOO METALS PTY LTD

Rio Tinto flags $150m storm hit to iron ore exports

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Original article by Peter Ker
The Australian Financial Review – Page: 27 : 17-Apr-25

Rio Tinto shipped just 70.7 million tonnes of iron ore from the Pilbara during the March quarter, which is 17 per cent lower than the last three months of 2024. Production was affected by four cyclones during the period, putting Rio Tinto about 13 million tonnes behind schedule on achieving its full-year target of shipping between 323 million and 338 million tonnes. Rio Tinto expects to incur mitigation costs of about $150m as it seeks to reach the lower end of its guidance. Meanwhile, the Pilbara Ports Authority has advised that 133.62 million tonnes of iron ore was shipped through Port Hedland during the March quarter, an increase of 1.3 per cent year-on-year; Port Hedland is used by BHP, Fortescue and Hancock Prospecting.

CORPORATES
RIO TINTO LIMITED – ASX RIO, PILBARA PORT AUTHORITY, BHP GROUP LIMITED – ASX BHP, FORTESCUE LIMITED – ASX FMG, HANCOCK PROSPECTING PTY LTD

MinRes forced to defend disclosure standards

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Original article by Brad Thompson
The Australian – Page: Online : 25-Feb-25

Mineral Resources has been issued with a number of questions by the ASX in relation to its half-year results, which it released last week. Mineral Resources announced it had recorded a loss of $807 million, compared to a net profit after tax of $530 million for the previous corresponding period, and the ASX queried whether the market had been fully informed ahead of the release of its results. It is not the first time that Mineral Resources has been called on to defend its disclosure standards, as it deals with the fallout from various scandals involving MD Chris Ellison that include tax evasion.

CORPORATES
MINERAL RESOURCES LIMITED – ASX MIN, ASX LIMITED – ASX ASX

Nine CEO met CoStar boss weeks before Domain bid

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Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 14 : 25-Feb-25

Nine Entertainment will release its half-yearly results today, with investors and analysts certain to question acting CEO Matt Stanton about CoStar’s bid for Domain. The US real estate firm has made a $2.40 per share for Domain, the online property classifieds platform that is 60 per cent owned by Nine and which is considered by many to be its most valuable asset. It can be revealed that CoStar founder Andy Florance met with Stanton when Florance was staying with former federal treasurer Joe Hockey in Sydney over the Christmas break, and that the two discussed possible opportunities involving CoStar and Domain.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, COSTAR GROUP INCORPORATED, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA

Fortescue posts record tonnes amid tariff threat

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Original article by Elouise Fowler
The Australian Financial Review – Page: 13 : 24-Jan-25

Pure-play iron ore miner Fortescue has advised that its shipments from the Pilbara rose to a record 97.1 million tonnes in the first half of 2024-25. This includes 49.4 million tonnes in the three months to 31 December. Fortescue has maintained its full-year guidance of 190-200 million tonnes. Fortescue’s shares have shed four per cent in recent days, amid fears that the tariff policies of US President Donald Trump will dampen the Chinese steel industry’s demand for iron ore.

CORPORATES
FORTESCUE LIMITED – ASX FMG, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Profit shock for Myer, Premier Investments

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Original article by Matt Bell
The Australian – Page: 13 & 14 : 14-Jan-25

Department store group Myer Holdings has advised that its sales totalled $1.59bn for the 22 weeks to December 28; this is 0.8 per cent lower than previously, and includes the crucial Black Friday, Christmas and Boxing Day sales. The trading update prompted investors to sell down Myer’s shares, with the stock falling 23.1 per cent to $0.88 on Monday. A deal to acquire the apparel brands of Premier Investments will be put to a vote of Myer shareholders on 23 January. Premier Investments has also indicated that weak sales will affect its earnings for the current half-year; its shares fell 15.9 per cent to $27.78.

CORPORATES
MYER HOLDINGS LIMITED – ASX MYR, PREMIER INVESTMENTS LIMITED – ASX PMV

Profit shock for Myer, Premier Investments

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Original article by Matt Bell
The Australian – Page: 13 & 14 : 14-Jan-25

Department store group Myer Holdings has advised that its sales totalled $1.59bn for the 22 weeks to December 28; this is 0.8 per cent lower than previously, and includes the crucial Black Friday, Christmas and Boxing Day sales. The trading update prompted investors to sell down Myer’s shares, with the stock falling 23.1 per cent to $0.88 on Monday. A deal to acquire the apparel brands of Premier Investments will be put to a vote of Myer shareholders on 23 January. Premier Investments has also indicated that weak sales will affect its earnings for the current half-year; its shares fell 15.9 per cent to $27.78.

CORPORATES
MYER HOLDINGS LIMITED – ASX MYR, PREMIER INVESTMENTS LIMITED – ASX PMV