Latest Operational Challenges News

The Takeovers Panel has declared unacceptable circumstances in Emu NL’s recent shareholder meeting, citing a controversial share placement and proxy voting issues that clouded the election outcome and board control.

Tigers Realm Coal’s ongoing efforts to divest its Russian mining assets have hit a significant impasse amid geopolitical tensions, regulatory hurdles, and a stalled sale agreement, leaving the company suspended from ASX trading.

SciDev Limited has confirmed winning $21.5 million in new and renewed contracts spanning key industrial sectors, reinforcing its position in specialty water treatment solutions.

South Harz Potash Ltd has announced a pro-rata non-renounceable entitlement issue to raise approximately A$1.28 million, offering one new share for every three held plus free options. The capital raise aims to fund its dual-asset growth plans in Germany amid ongoing project development and acquisition efforts.

PointsBet Holdings Limited has updated its FY25 financial outlook, signalling that both revenue and EBITDA are expected to land at the bottom of previously forecasted ranges.

Coventry Group Limited has appointed Nik Alpert as Acting Group CEO, while announcing the retirement of CFO Rod Jackson and the upcoming appointment of Patrick Maloney as his successor.

Bowen Coking Coal has announced it will remain suspended on the ASX as it reassesses its operational plans and explores financing options amid challenging market conditions.

Aguia Resources has updated its NI 43-101 report on the Atocha Project in Colombia, revealing impressive historic gold and silver grades and announcing imminent surface exploration to unlock further potential.

Emerald Resources reports a softer June quarter at Okvau Gold Mine due to operational cutbacks but remains on track for full-year targets and ambitious expansion plans across Cambodia and Australia.

Greatland Resources Limited is set to list on the ASX following a corporate reorganisation, showcasing robust production at its Telfer gold-copper mine and advancing development at the Havieron project.

Metcash Limited reported an 8.9% rise in FY25 sales revenue to $17.3 billion and an 8.6% increase in underlying EBITDA, driven by strong Food pillar growth and the acquisition of Superior Foods. However, declines in Liquor and Hardware EBIT tempered overall profit growth.

AIC Mines Limited has launched a A$55 million equity raise alongside a A$10 million share purchase plan to fund a significant expansion of its Eloise Copper Mine processing capacity and advance the Jericho Copper Mine development.