Latest Steelmaking News

Jameson Resources has marked significant progress in advancing its Crown Mountain steelmaking coal project, doubling its pre-tax NPV to US$942 million and moving closer to final environmental approvals and development permits expected by the end of 2026.

SGH Ltd and Steel Dynamics have jointly submitted a best and final offer of A$32.35 per share to acquire BlueScope Steel, valuing the company at A$15 billion and representing a significant premium over recent trading prices.

Alligator Energy is progressing its Samphire Uranium Project in South Australia into trial production, supported by strong project economics and promising exploration potential. The company targets first uranium production by 2030/31 while derisking operations through a Field Recovery Trial.

Centaurus Metals has successfully produced over half a tonne of high-grade direct reduction pellet feed from its Jambreiro Iron Ore Project, confirming the product's quality and advancing off-take discussions.

BlueScope Steel reported a robust first half of FY2026 with underlying EBIT soaring 81% to $557.5 million and announced a $3.00 per share shareholder return plan, while decisively rejecting a $30 per share takeover proposal.

Neometals Ltd has resolved a longstanding legal dispute with a $1 million settlement, clearing the way to focus on advancing its Barrambie Gold Project and sustainable processing technologies.

Botala Energy has raised A$3 million through an oversubscribed placement to fully fund drilling and flow testing at its Serowe coal bed methane project this quarter, advancing its commercial gas ambitions.

MC Mining Limited reports strong progress on its Makhado steelmaking hard coking coal project with commissioning slated for March 2026, while Uitkomst Colliery struggles with declining production and rising costs.

AJ Lucas Group Limited reported a solid 29% rise in Australian Operations EBITDA for the December quarter, underpinned by disciplined cost management and a significant UK settlement. Despite a revenue dip and suspended mining operations, the company reduced related party loans, securing lower interest rates and strengthening its financial position.

Admiralty Resources has ramped up production at its Mariposa Iron Ore Project in Chile, securing key contracts with Trafigura and Compañía Minera del Pacífico amid ongoing audit delays.

Cokal Limited has advanced its metallurgical coal operations in Central Kalimantan with new mining contracts, resumed coal shipments, and infrastructure upgrades, aiming for a 2026 production target of approximately 420,000 tonnes.

Magnetite Mines broadens its strategic partnerships and progresses key approvals for the Razorback Iron Ore Project, while uncovering new rare earth mineralisation and expanding its green iron consortium.