Latest Iron Ore Mining News

Genmin Limited has made significant progress on its Baniaka iron ore project in Gabon, with PowerChina submitting competitive engineering and construction proposals and the company securing A$15 million in director-related loans during the quarter.

Babylon Pump & Power reports a robust start to FY26 with strong rental segment growth and successful integration of two acquisitions, driving a $1.6 million net operating cash inflow.

Constellation Resources advances its exploration in Western Australia with encouraging natural hydrogen and copper-gold findings, supported by CSIRO studies and a $2.1 million capital raise.

Genmin Limited’s non-executive directors have increased their loan funding by A$0.4 million and taken over a A$3 million loan from its largest shareholder, providing immediate working capital for the Baniaka iron ore project in Gabon.

Deterra Royalties announces the resignation of CEO Julian Andrews by year-end, with Non-executive Director Jason Neal stepping in as interim CEO amid a search for a permanent replacement.

Alchemy Resources has entered a binding option agreement with Newcam Minerals, unlocking significant funding and operational expertise for its Bryah Iron Ore projects in Western Australia.

Deterra Royalties has agreed to sell its non-core gold offtakes and royalties to Vox Royalty Corp for US$60 million, marking the completion of its divestment of Trident-acquired assets and reinforcing its strategic focus on base and battery metals.

Genmin Limited advances its Baniaka iron ore project with PowerChina’s subsidiary Sinohydro submitting engineering and construction proposals that suggest potential capital cost reductions. Parallel funding discussions with Chinese partners are also progressing.

Mount Gibson Iron has extended its on-market share buy-back program for another year, allowing up to 10% of issued shares to be repurchased. Since inception, the company has bought back 3.2% of its shares, signaling ongoing capital management efforts.

Pearl Gull Iron Limited has agreed to sell its Cockatoo Island Project for A$4.5 million in cash, a 4% equity stake in Crestlink Pty Ltd, and ongoing royalties, marking a strategic shift as it seeks new growth opportunities.

Fenix Resources has locked in exclusive 30-year mining rights over a 290 million tonne iron ore resource at the Weld Range Project, significantly extending its mine life and production capacity. This strategic partnership with Sinosteel Midwest and Baowu Steel Group positions Fenix for ambitious growth in Western Australia's Mid-West.

Genmin Limited has increased insider loans by A$0.5 million, reinforcing funding for its flagship Baniaka iron ore project in Gabon as it targets production in late 2026.