Latest Iron Ore News

Deterra Royalties reported a 10% rise in underlying EBITDA to $250 million for FY25, driven by record iron ore volumes and strong gold offtake revenue. The company declared a fully franked 13 cent final dividend and is progressing construction at the Thacker Pass lithium project, targeting production in late 2027.

Deterra Royalties reported a 10% revenue increase for FY25, driven by record Mining Area C production and progress at the Thacker Pass lithium project. The company maintains a strong dividend payout while balancing growth investments.

Deterra Royalties delivered a robust FY25 with a 10% revenue increase and a strategic acquisition that diversifies its commodity exposure. The company’s flagship iron ore royalty remains a strong cash generator as the Thacker Pass lithium project moves into construction.

Macmahon Holdings has posted record FY25 results, buoyed by Decmil integration and strong mining contract wins, while raising its FY26 revenue and earnings guidance.

Monadelphous Group Limited reported a robust 12% revenue increase to $2.27 billion and a 35% rise in net profit, driven by strong demand across resources and energy sectors and a record $2.5 billion in new contracts.

Monadelphous Group Limited reported a robust FY25 with $2.27 billion revenue and $158 million net profit, underpinned by strong contract wins and growth in energy and resources sectors.

Peregrine Gold has identified a promising new Channel Iron Deposit target near its recent Coopers CID North discovery, with high-grade iron ore samples and plans for imminent exploration.

VBX Limited strengthens its leadership and advances drilling programs at the Wuudagu bauxite project, setting the stage for a pivotal Definitive Feasibility Study and environmental approvals.

BlueScope Steel reported a resilient FY2025 with $738 million underlying EBIT despite soft market conditions, advancing key growth and decarbonisation initiatives. The company extends its buy-back program and maintains a strong balance sheet as it targets significant earnings uplift by 2030.

Magnetite Mines Limited has announced a pro rata renounceable rights issue to raise up to $2.65 million, aiming to advance its flagship Razorback iron ore project in South Australia. The offer includes free attaching options and is partially underwritten, reflecting the company’s strategic push towards securing funding and completing key project milestones.

Warriedar Resources has revealed promising assay results from recent drilling at its Windinne Well deposit, confirming significant high-grade gold mineralisation at depth and reinforcing growth potential within its Golden Range Project.

Energy Transition Minerals has completed a $10 million strategic placement with OCJ Investment and appointed mining veteran Amy Jiang as a Non-Executive Director, signaling a strengthened governance and growth trajectory.