Latest Mining And Metals News

Alcoa has filed South32’s meeting materials ahead of a shareholder vote on the proposed sale of bauxite, alumina and aluminium interests. The transaction remains subject to shareholder approval, regulatory clearance, financing and other closing conditions.

OM Holdings returned to profit in the first half of 2026 despite a 14% revenue decline, with EBITDA rising sharply and debt reduced through repayments and an asset sale. The result was supported by a US$145.1 million investing cash inflow from the disposal of its Tshipi mine interest, while operating cash flow remained negative.

Alara Resources has told ASX it knows of no undisclosed information behind a sharp rise in its share price and trading volume. The company said its response was approved by Executive Chair Peter Lee and confirmed compliance with continuous disclosure rules.

Lunnon Metals has wrapped up mining at Lady Herial ahead of schedule, producing gold volumes and financial outcomes closely matching its January 2026 Feasibility Study, generating approximately $39 million pre-tax free cash flow.

Olympio Metals has launched its maiden drilling campaign at the Jacknife Project in Idaho, targeting historically rich silver mineralisation within patented claims, while advancing surface sampling at its Raven Project in Montana.

OM Holdings reversed a loss to report a US$26.3 million profit in 1H 2026, driven by a major asset disposal and improved product margins despite lower sales volumes.

Neometals faces uncertainty over $7.5 million owed from its Tranche 2 placement but gains financial flexibility through a new $2 million standby debt facility with a former chairman's company.

Novo Resources has progressed its Belltopper Gold Project with a planned diamond drilling campaign and completed maiden Pilbara drilling programs, while reporting a $3.9 million net loss for H1 2026 and bolstering liquidity through capital raises.

Neometals has invoked a $2.5 million personal guarantee following Omaha Value Holdings' failure to pay $5 million for its Tranche 2 placement, while securing a potential standby debt facility as a financial backstop.

The Takeovers Panel has declined to investigate allegations against Central Asia Metals' proposed acquisition of Cygnus Metals, citing insufficient evidence and procedural prematurity. Cygnus has committed to safeguards addressing conflict of interest concerns.

Elementos Limited has cleared all conditions to acquire up to 50% of Iberian Smelting, advancing its integrated European tin mine-to-metal strategy by linking its Oropesa project with downstream smelting capacity in Spain.

TechGen Metals (ASX: TG1) enters a catalyst-rich 2026 with fully funded drilling across four copper-gold projects adjacent to multi-million-ounce mines. The company’s $3.7 million cash position supports maiden drilling at Blue & Red Devil and resource development at John Bull.