Latest Payments News

Midas Minerals has agreed to acquire the Otavi Copper Project from Nexa Resources, unlocking significant high-grade copper, silver, and gold potential in a well-established African mining jurisdiction.

Streamplay Studio Limited has inked an exclusive agreement to bring its cloud gaming service to Sri Lanka’s largest mobile network, Dialog Axiata, targeting over 19 million subscribers. This expansion follows its recent successful launch in the UAE, positioning Streamplay for growth in emerging mobile-first markets.

National Australia Bank has updated its dividend announcement, confirming a fully franked ordinary dividend of AUD 0.85 per share for the half-year ending March 2025, payable in multiple currencies.

Mineral Commodities Ltd reveals ongoing delays in completing the sale of its Skaland Graphite Project due to funding issues faced by the buyer, Norge Mineraler. Despite partial payments and new guarantees, the final USD 9.62 million payment remains outstanding.

Embark Early Education announces a fully franked interim dividend and the conditional acquisition of two Queensland childcare centres, boosting its portfolio to 40 centres.

Garda Property Group has upgraded its FY25 Funds from Operations guidance by 12%, maintaining distributions while preparing for the North Lakes sale settlement in August 2025. The sale proceeds will significantly reduce gearing, with capital gains tax implications deferred to FY26.

Peak Rare Earths is poised for acquisition by Shenghe Resources in a deal valuing the company at A$150.5 million, supported by a A$7.5 million entitlement offer to fund ongoing development and transaction costs.

Syrah Resources has mobilised teams to resume operations at its Balama Graphite mine in Mozambique, aiming to restart production by the end of June 2025. The company reports no major maintenance issues and is navigating financial and regulatory challenges as it prepares to meet strong market demand.

Insurance Australia Group (IAG) has entered a strategic alliance with The Royal Automobile Club of Western Australia (RAC), acquiring RAC Insurance and securing a 20-year exclusive distribution agreement. This move significantly boosts IAG's presence in Western Australia and is expected to enhance earnings and operational synergies.

GrainCorp Limited has announced a combined ordinary and special dividend of AUD 0.24 per share, fully franked, reflecting steady returns for shareholders for the first half of 2025.

GrainCorp Limited reported robust first-half results for FY25, driven by a large East Coast Australia crop and solid operational execution, prompting an upgrade to full-year earnings guidance and an expanded share buy-back program.

Xero Limited reported a robust FY25 with 23% revenue growth and a 22% rise in adjusted EBITDA, underpinned by subscriber and ARPU gains across key markets. The company is doubling down on AI integration and disciplined capital allocation to sustain momentum.