Latest Construction News

Resouro Strategic Metals has closed its $2.5 million private placement, issuing 10 million shares at 25 cents each to support the environmental program and feasibility study for its Tiros project in Brazil.

AGL Energy reported a 575% surge in statutory profit to $756 million for FY26, driven by strategic divestments and improved asset flexibility, while declaring a fully franked 50 cents dividend and progressing its energy transition with 12 GW of renewable capacity targeted by 2035.

Napier Port (NZX:NPH) reported a 38.9% increase in underlying net profit after tax for Q3 2026, driven by container services revenue growth and ongoing strategic infrastructure projects.

Minbos Resources has expanded its capital raise to A$6 million, reflecting robust investor appetite to support the Cabinda Phosphate Project’s critical development phase.

Millennium & Copthorne Hotels New Zealand (NZX:MCK) reported a 12% revenue increase and a 58% rise in profit before tax for the first half of 2026, driven by hotel refurbishments and growing room availability despite softer property sales.

Wia Gold’s Kokoseb Gold Project in Namibia jumps to 3.78 million ounces in updated resource estimate, unveiling a maiden underground inferred resource and reinforcing its development potential.

Lindian Resources has acquired 100% ownership of the SARECO rare earths processing plant in Kazakhstan, accelerating its downstream ambitions, while also clarifying regulatory compliance and licence validity at its Kangankunde project in Malawi.

Horizon Oil's 2026 reserves statement reveals a 51% jump in net 2P reserves to 13.6 million barrels of oil equivalent, driven by strategic acquisitions and record production.

CDL Investments New Zealand reported a modest profit decline for the first half of 2026, reflecting ongoing residential market challenges, while securing a $20 million credit facility to support future development.

Toubani Resources reports robust high-grade gold intersections from pre-production drilling at its Kobada Gold Project, triggering a Mineral Resource Estimate update and advancing development plans toward mining in early 2027.

Eastern Gas Corporation has initiated drilling of the Venus-2H horizontal appraisal well in Queensland’s Surat Basin, marking a significant advancement in evaluating its contingent gas resources and potential commercial development.

Sunrise Energy Metals has landed a conditional US$400 million loan commitment from the U.S. Department of War’s Office of Strategic Capital to back its Syerston Scandium Project, while also initiating plans for a U.S. securities listing.