Wood Mackenzie: Metals sector weathers Middle East shocks

Whitehaven continues coal expansion  Whitehaven Coal (ASX: WHC) has delivered strong FY25 results, underpinned by the company’s growth and diversification driven by acquisitions across Queensland.  The company has reported an underlying net profit (NPAT) of $319m for FY25 and underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $1.4b, matching the EBITDA reported in FY24.   Revenue for FY25 was 53% higher than FY24 at $5.8b, of which metallurgical coal sales accounted for 64%, underpinned by an average coal price of $215/t.  Whitehaven chief executive and managing director Paul Flynn says FY25 marked the...

Anglo American makes $7.5b copper agreement Anglo American and Codelco have entered into a definitive agreement to implement a joint mine plan for their adjacent copper operations, Los Bronces and Andina, in Chile. The joint mine plan has been developed to unlock an additional 2.7mt of copper production over a 21-year period by increasing annual production by 120,000tpa —predicted to generate a pre-tax net present value uplift of at least $7.5b . According to 2024 data, combined production of the projects ranks among the top ten copper mines globally...

New Murchison Gold shouts eureka New Murchison Gold (ASX: NMG) has confirmed the presence of strongly gold mineralised zones at depth at its Crown Prince gold project. The recent drilling program at the site has confirmed the presence of a high-grade gold bearing structure continuing below the planned open pit development at Crown Prince. The company has delivered an assay result of 0.28m at 17,240g/t of gold within a broader intersection of 1.64m at 3,090g/t of gold from 251.36m. (Image source: New Murchison Gold) The recent drilling program has confirmed the presence...

Liebherr-Australia celebrates 100th bucket The fabrication team at Liebherr-Australia’s Perth facility in WA has celebrated a major manufacturing milestone with the fabrication of its 100th bucket. The facility began operation more than a decade ago, operating a small 12-person team and a single reused bearing block. This site has now grown to become one of the industry’s most trusted service hubs supporting Liebherr’s dozer, excavators and mining trucks across WA. Today, the facility employs 25 workers, including five apprentices, and in addition to component rebuild and refurbishments, the team provides comprehensive aftersales support...