Latest Steelmaking News

Hazer Group has been granted a pivotal patent in Singapore for its proprietary graphite morphology process, reinforcing its foothold in Southeast Asia's clean energy and advanced manufacturing markets.

Neometals has completed the sale of its lithium-ion battery recycling business, securing over A$10 million in cash and refocusing on its core mining and processing projects.

Magnetite Mines has successfully closed a fully subscribed $2.65 million rights issue, followed by a $1.214 million placement, positioning the company to advance its Razorback Iron Ore Project and explore broader mineral opportunities.

Cyclone Metals has launched a comprehensive Pre-Feasibility Study for its Iron Bear iron ore project in Canada, aiming to refine development plans and attract global steel market demand.

Jupiter Mines Limited reported a modest rise in net profit to $40.1 million for FY2025, supported by strong joint venture earnings and increased marketing fees. The company declared a final dividend as manganese prices stabilized after early-year volatility.

Mastermyne Group has received a Letter of Intent to extend its underground mining contracts with Anglo American Steelmaking Coal, potentially adding $31 million in revenue through April 2026.

Hazer Group Limited reported a 124% surge in revenues to $8.5 million for FY25, driven by government grants, while cutting its net loss by 60%. The company advanced its proprietary methane pyrolysis technology, secured a strategic alliance with KBR, and made progress on key projects in Canada and Japan.

Lincoln Minerals Limited is gearing up for drilling at its Minbrie copper-base metals project in South Australia, while reporting robust financial metrics for its graphite and high purity iron projects.

Athena Resources has produced a 10kg sample of ultra-high-grade magnetite concentrate grading 70.55% iron from its Byro Magnetite Project, positioning the company at the forefront of green steel feedstock supply.

BHP Group Limited reported record iron ore and copper production for FY2025, underpinned by operational excellence and disciplined capital allocation. The company outlined growth project updates, maintained strong margins, and reaffirmed its decarbonisation and social value commitments.

BHP Group Limited reported strong FY2025 financial results driven by record copper production and operational excellence, while advancing key growth projects and sustainability goals. The company maintained its dividend payout and navigated cost escalations at the Jansen potash project alongside ongoing Samarco dam failure remediation.

Sims Limited reported a 4.1% rise in FY25 sales revenue to A$7.494 billion and a near tripling of underlying EBIT to A$174.9 million, driven by improved trading margins and strong growth in lifecycle services. The company’s strategic focus on decarbonisation and circular economy positions it well for sustained demand, especially from AI-driven data centre expansion.