Another soft close to ASX mining week

INVESTORS sold miners on the last trading day for the week in Australia with Metals & Mining losing about 0.4% on the ASX 200.

Another soft close to ASX mining week Another soft close to ASX mining week Another soft close to ASX mining week Another soft close to ASX mining week Another soft close to ASX mining week

The gold patch was the only sector of much interest to investors - gaining about 0.7% - though bullion fell below US$1220 per ounce in Asian trade.

Base metal futures were also on the wane.

The best of the bigger equities were of the coal, iron, and manganese variety, though the best of the movers across the board was the mid-capitalised, lithium-leveraged Altura Mining (AJM), which was up 36% in late trade after welcoming battery maker Ganfeng to its lithium project in Western Australia as an offtake partner.  

The gain boosted its capitalisation to A$446 million.

Among the smaller stocks Metallica Metals (MLM) gained a welcome 29% after it was finally given access to ground it needs on which to build a road to trans-shipping facilities in F...

topics

loader