Latest Iron Ore Sector News

Champion Iron Limited has reached a key milestone by securing acceptances from over 90% of Rana Gruber shareholders for its voluntary cash offer, paving the way for full ownership and compulsory acquisition under Norwegian law.

Vysarn Limited has reported a record half-year financial performance for 1HFY26, with net profit before tax soaring 92% year-on-year. The company reaffirms its $20 million NPBT target for FY26, underpinned by strong growth across all business segments and strategic project progress.

Babylon Pump & Power reported a $7.16 million loss for H1 FY26, weighed down by acquisition-related expenses and an impairment charge, while its rental segment soared post-acquisitions.

Fortescue Ltd has reported a record first half FY26 with iron ore shipments surpassing 100 million tonnes and a robust net profit after tax of US$1.9 billion, while advancing its ambitious decarbonisation and growth initiatives.

Vysarn Limited has reported a record first half for FY26 with revenue hitting $66.8 million and NPBT nearly doubling year-on-year to $10 million. The company reaffirms its full-year $20 million NPBT target, supported by strong industrial and advisory segment growth despite timing challenges in technology projects.

Champion Iron Limited has raised US$100 million through a private placement with La Caisse to help fund its proposed acquisition of Rana Gruber ASA. The deal signals a strategic push to expand Champion’s iron ore footprint in Quebec.

Hawsons Iron Limited has completed a pivotal Preliminary Feasibility Study and declared a massive 2.3 billion tonne Ore Reserve, setting the stage for a 26-year mine life producing premium magnetite concentrate.

Babylon Pump & Power has reported a robust December quarter, driven by strong rental segment performance and a significant new contract with Newmont. Despite challenges in its maintenance division, the company is positioned for growth with fresh leadership and strategic asset management.

Gullewa Limited has increased its ownership in Central Iron Ore Limited to a controlling 70.5% by subscribing to a recent rights issue, acquiring over 23 million new shares.

Equatorial Resources has completed the final hearing in its high-stakes arbitration against the Republic of Congo and is pursuing clarity on permit cancellations in Guinea, all while maintaining a solid cash reserve.

Gullewa Limited reported a robust cash flow position for the December 2025 quarter, driven by a significant equity financing that bolstered its cash reserves to over A$9 million. The company continues to invest in its iron ore exploration projects while maintaining operational cash flow positivity.

Fenix Resources has achieved a record quarterly iron ore shipment of 1.2 million tonnes, driving a strong cash increase to A$79 million and reaffirming its FY26 production guidance.