Latest Logistics News

Fenix Resources shipped 974,000 tonnes of iron ore in March quarter at a low A$70/wmt cash cost despite cyclone disruptions and diesel supply constraints, boosting cash to A$86.3 million and advancing key projects.

Coronado Global Resources (ASX: CRN) will hold its 2026 Annual General Meeting virtually on June 4, 2026, following a challenging 2025 marked by a $432 million net loss amid weak metallurgical coal prices and logistical constraints. The company reported operational improvements and liquidity support from Stanwell, while navigating leadership changes and ongoing risks.

Locate Technologies (NZX: LOC) reported its first positive Group EBITDA quarter with NZ$167k profit, driven by a 42% revenue jump in its AI-powered Locate2u platform. The company also launched a NZ$500,000 on-market share buyback, signalling confidence in undervalued shares.

BPH Global has secured a key coastal site in South Sulawesi to boost its seaweed cultivation and processing capabilities, underpinning its vertical integration strategy across food and bio stimulant markets.

Freelancer Limited’s 1Q26 saw a 14% rise in group GMV to $263.3 million but a 9.4% revenue drop, weighed down by currency headwinds and security-driven user friction. Escrow.com posted record operating profit, while Loadshift grew revenue and media presence amid operational gains.

AuKing Mining has wrapped up a drone-based magnetics and LiDAR survey across its Tundulu rare earths project, setting the stage for a drilling campaign targeted for May. The high-resolution data aims to sharpen drill targeting within the 5km carbonatite complex.

Terramin Australia has advanced its flagship Tala Hamza Zinc Project into early development with strong Algerian government backing and a revised 2.0Mtpa mining study. Meanwhile, a court ruling returned the Bird in Hand Gold deposit to the company, prompting strategic reviews, all while the group manages a tight cash position supported by a recent $1 million share placement.

Fortuna Metals has outlined a substantial exploration target of 180-240 million tonnes at 0.86-1.0% rutile grade at its Mkanda project in Malawi, advancing drilling and metallurgical testing to position itself in a tightening global titanium feedstock market.

Iluka Resources scaled back mineral sands output in Q1 2026 amid operational idling and market caution, while capital expenditure on its Eneabba rare earths refinery hit $977 million with commissioning progressing.

Asian Battery Metals has completed its acquisition of the Maikhan Uul Copper-Gold Project in Mongolia and is set to begin a 1,500-metre drilling campaign targeting gold mineralisation and feeder zones. The move complements its nearby Yambat project and signals an aggressive exploration push in 2026.

Advanced Braking Technology Ltd (ASX: ABV) reported a 28% jump in product sales revenue to $6 million for Q3 FY26, driven by strong aftermarket sales and international market traction. The company also advanced certification of its autonomous BRAKEiQ system, targeting FY27 adoption.

South32's March quarter saw a tragic fatality at Worsley Alumina and weather disruptions, yet the miner delivered solid operational results and progressed its Hermosa zinc-lead-silver project. Production guidance was mostly maintained, with a notable revision lower for Australia Manganese due to water management issues.