Latest Port Operations News

Napier Port reported a robust half-year performance with an 8.8% revenue rise to NZ$84.9 million and underlying net profit after tax up 21.5%, driven by container services growth and key infrastructure projects progressing on schedule.

Canyon Resources boosts its control over Cameroon's key rail and port infrastructure with a significant stake increase in Camrail and a strategic investment in the Port of Douala, setting the stage for the Minim Martap bauxite project’s first shipment in late Q3 2026.

Qube Holdings Limited is set for a $9.3 billion cash takeover by a Macquarie-led consortium, with court approval granted to convene shareholder meetings in June. The scheme offers shareholders a 28% premium and is backed by an independent expert's fair and reasonable opinion.

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.

Green Iron SA has unveiled a promising iron ore export concept at Port Pirie, leveraging existing infrastructure to support the emerging green iron industry in South Australia.

Pacific Lime and Cement Limited has formalised a landmark agreement with the Papua New Guinea government to develop the country’s first integrated lime and cement manufacturing platform, marking a major step in PNG’s industrial growth.

Sheffield Resources reported a 7% decline in ore mined and a 15% drop in concentrate production for the December quarter, while maintaining strong zircon concentrate shipments despite challenging market conditions. The company is advancing loan restructuring efforts and preparing for steady production in early 2026.

Tigers Realm Coal continues to face significant delays in selling its Russian subsidiaries due to prolonged government approval processes and challenging market conditions. The company is exploring alternative strategies as operational risks mount.

Fenix Resources has reported record iron ore shipments and updated its FY26 guidance, unveiling ambitious plans to expand production to 10 million tonnes per annum by 2031 while extending mine life to 2042.

Canyon Resources advances its Minim Martap Bauxite Project with mining set to start in February 2026 and first shipments targeted for late June, underpinned by key operational milestones and strategic partnerships.

Fenix Resources has achieved a record quarterly iron ore shipment of 1.2 million tonnes, driving a strong cash increase to A$79 million and reaffirming its FY26 production guidance.

BCI Minerals has secured crucial environmental approvals to proceed with its optimized dredging strategy at the Mardie Salt Operation, setting the stage for first salt shipments by late 2026.