Latest Ports News

MB Gold has secured up to $220,000 in Western Australian government co-funding for a 2,000-metre diamond drilling campaign at its Murphy Well Prospect. The program will test three previously untested geophysical anomalies, with assays expected in the first quarter of 2027.

Orora says strong Cans growth is no longer enough to offset weaker Saverglass earnings, with Group EBIT expected to decline in FY27. The company is targeting more than €30 million in Glass EBIT improvement by FY30 after a €449.7 million non-cash impairment.

IAG has offered a package of competition remedies to support approval of its proposed 20-year insurance alliance with RAC of Western Australia, including the transfer of NRMA policy renewal rights and a $20 million community investment. The insurer says the transaction still carries $1.2 billion in additional annual gross written premium and approximately $100 million in annual pre-tax synergies once integration is complete.

Rio Tinto’s third-quarter production update put its growth assets in the spotlight, with Oyu Tolgoi copper up 29% year to date and Simandou reaching a 10 Mtpa annualised run-rate. The miner maintained its 2026 production and unit-cost guidance while reporting more than US$2 billion of capital release arrangements.

Port of Tauranga is facing three appeals and two judicial review applications against approval for its Stella Passage expansion. The port plans to defend the consent and seek a single expedited High Court hearing, but the filing does not quantify possible delays or costs.

COSOL’s revenue fell 15.6% in FY26 and the ASX-listed asset management technology company swung to a $4.0 million statutory loss after goodwill impairments. Management is betting that leaner operations, new transport contracts and AI-led services can restore profitable growth, but the recovery still needs to show up in revenue.

Metro Mining shipped 659,000 wet metric tonnes of bauxite in September, but a collapsed sand bank and workforce disruption have put its 2026 volume guidance under review. Channel repairs are under way, while the company works on longer-term dredging options with Ports North.

VHM has agreed a non-binding term sheet with Mitsui covering up to 65,000 tonnes a year of heavy mineral concentrate from its Goschen project. The proposed deal could add a cornerstone customer and potential trade-finance support, but a binding agreement and funding remain outstanding.

Fortescue shipped 46.8 million tonnes of iron ore in the September quarter, down 6% from a year earlier, while sales lagged production amid negotiations with China Mineral Resources Group. Net debt also rose to US$2.8 billion after the final dividend and quarterly capital spending, although FY27 guidance remains unchanged.

Anson Resources has raised Green River’s modelled post-tax NPV8 to approximately US$1.046 billion after incorporating two conditional Utah incentives. The uplift leaves the project’s US$569 million capital estimate and lithium-price assumption unchanged, but the benefits remain tied to construction, performance and financing milestones.

PhosCo has paired a non-binding development partnership with a proposed $1.4 million investment from Tunisia’s STUDI International, giving the Gasaat project a local engineering partner as feasibility work approaches. The funding and collaboration remain subject to formal documentation, leaving execution as the next test.

Burley Minerals has confirmed shallow Channel Iron Deposit mineralisation across the North and Step-Out Targets at its Cane Bore project, with assays averaging 50.6% Fe across reported intersections. The mineralisation remains open northeast and southwest, but further drilling, metallurgy and approvals are still required before any resource can be defined.