Latest Weather Disruption News

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.

Sandfire Resources faced a tragic fatality at its Magdalena mine and production challenges in Q3 FY26, yet sustained financial strength and advanced its Kalkaroo project, keeping full-year copper equivalent guidance intact.

BHP has reported robust copper and iron ore production for the nine months to March 2026, with key projects progressing and a leadership change set for July. Operational resilience and disciplined capital moves underpin its outlook.

South32's March quarter saw a tragic fatality at Worsley Alumina and weather disruptions, yet the miner delivered solid operational results and progressed its Hermosa zinc-lead-silver project. Production guidance was mostly maintained, with a notable revision lower for Australia Manganese due to water management issues.

Stanmore Resources defied a four-year low in metallurgical coal prices to deliver record saleable production and robust cash flow in 2025, while maintaining a strong safety record and advancing key development projects.

SciDev Ltd trims FY26 revenue guidance to $82-$87 million from $100-$110 million due to intensified competition in Energy Services and weather-related delays at Rum Jungle, while maintaining positive EBITDA and a confident FY27 outlook.

Qube Holdings anticipates a combined $13-$25 million EBITA impact in FY26 due to geopolitical tensions and severe weather, yet maintains an underlying earnings growth outlook amid operational resilience and contractual protections.

Evolution Mining (ASX: EVN) ended March 2026 with a net cash position of $42 million and a $1.37 billion cash balance, driven by strong cash flow from high-margin operations and on-track production.

Vita Resources NL has temporarily halted its maiden drilling program at the Ninnis Gold Project due to Tropical Cyclone Narelle, completing 850 of 1,200 planned auger holes. The company expects drilling to resume later in April, pending weather and ground conditions, with assay results forthcoming.

Bass Oil reported steady February production with some operational setbacks in the Cooper Basin, while gaining regulatory approval for the Vanessa gas field acquisition and securing government funding for Kiwi gas development.

Litchfield Minerals appoints seasoned geologist Matt McGloin to strengthen its Northern Territory exploration efforts while progressing drilling at Oonagalabi amid operational delays caused by heavy rains.

Sheffield Resources has withdrawn its March quarter production and shipment guidance for the Thunderbird Mineral Sands Mine due to ongoing operational challenges, including equipment failures and weather impacts. The company has initiated management changes and plans to commence shipments of a new HiTi concentrate product this month.