News•Mar 10, 2026
Chariot Soars After Clearing Key Hurdle for Nigerian Lithium Portfolio
Chariot Resources' shares surged up to 55% after Nigeria approved the transfer of six lithium licences into a joint venture with local partner Continental Lithium, forming C&C Minerals. The joint venture gives Chariot a 66.66% stake and encompasses a 254‑square‑kilometre portfolio across four project clusters in Oyo and Kwara states. With regulatory clearance complete, the company is shifting from transaction execution to field execution, launching the first ASX‑listed pure‑play lithium drilling in Nigeria. The approval dovetails with Chariot's dual‑track strategy that also includes projects in Wyoming and Nevada.
By Sydney Morning Herald – Business
News•Mar 9, 2026
Gateway Maps 15km Corridor Next to Proven WA Gold Deposit
Gateway Mining announced a 15‑kilometre high‑resolution magnetic corridor across its Glenburgh South project in WA’s Gascoyne region. The corridor mirrors the structural setting of Benz Mining’s 500,000‑ounce Glenburgh gold deposit and is underpinned by kaolinite‑rich alteration identified by hyperspectral analysis....
By Sydney Morning Herald – Business
News•Mar 9, 2026
TMK Smashes Out New Mongolian Gas Record
TMK Energy reported a new daily gas production record at its Pilot Well in Mongolia, delivering over 900 cubic metres (31,800 scfd) primarily from the LF‑07 well. The output represents a 400% increase since August and a 50% uplift from...
By Sydney Morning Herald – Business
News•Mar 9, 2026
Old Heaps, New Gold: Pacgold Readies SA White Dam Re-Crush
Pacgold is gearing up to re‑crush the top lift of the White Dam heap‑leach pad in South Australia, deploying a Metso ST 4.1 screen and an HP300 cone crusher. The new circuit is designed for roughly 350 tonnes per hour, aiming to...
By Sydney Morning Herald – Business
News•Feb 27, 2026
Virgin Australia Flags Boost to Velocity Loyalty Program, Profit Jumps
Virgin Australia reported an 11.7% rise in half‑year pre‑tax earnings to $490 million, driven by strong leisure demand and a $200 million boost from its transformation programme. The airline’s underlying pre‑tax margin expanded to 14.8%, up 40 basis points, as fuel savings...
By Sydney Morning Herald – Business
News•Feb 25, 2026
‘Doesn’t the Commission’s Case Have to Fail?’ ACCC Faces Critical Questions in Coles Case
The Federal Court examined the ACCC’s claim that Coles misled shoppers with its “Down Down” price tags, questioning whether the regulator proved the promotions were deceptive. The ACCC argues Coles inflated prices before offering short‑lived discounts, creating a false impression...
By Sydney Morning Herald – Business
News•Feb 25, 2026
‘The Right Types of Promotions’: Woolies Lures Customers Back with Lower Prices
Woolworths has halted a multi‑year sales slump by slashing prices and expanding weekly specials, driving a 3.4% revenue increase to $37.1 billion in the first half of FY 2026. The retailer added over 350 items to its Lower Shelf Price range, now...
By Sydney Morning Herald – Business
News•Feb 24, 2026
CBA Cuts 300 Jobs as It Prepares Workers for an AI-Driven ‘Shift’
Commonwealth Bank of Australia announced the elimination of 300 positions, primarily within its technology division, as part of a broader workforce reshaping. The cuts coincide with a $90 million, three‑year upskilling initiative designed to ready staff for an AI‑driven shift over...
By Sydney Morning Herald – Business
News•Feb 16, 2026
The End of the Boozy Chinese Banquet Hits Australia’s Largest Winemaker
Treasury Wine Estates’ push back into China has been derailed by a government crackdown on extravagant banquets and tighter grey‑market controls. The winemaker announced it will pull 400,000 cases from China and 500,000 from the United States to regain pricing...
By Sydney Morning Herald – Business
News•Feb 16, 2026
Why the Stakes Are so High in the Coles ‘Fake Discounts’ Case
Australia’s largest supermarket chain, Coles, faces a consumer‑law case over alleged fake discounts. The ACCC alleges the retailer used high‑low pricing to mislead shoppers about price cuts. The lawsuit was sparked by a wave of Reddit‑driven outrage that highlighted questionable...
By Sydney Morning Herald – Business
News•Feb 12, 2026
Surge in ANZ, CBA Helps Drive ASX Higher; AMP, Temple & Webster Tumble
Australian equities rose 0.3% to 9,043.5 as a surge in bank stocks lifted the S&P/ASX 200. ANZ Bank reported a $1.9 bn profit for the December quarter, sending its shares up 8.5% and sparking gains across Commonwealth, Westpac and NAB. In contrast,...
By Sydney Morning Herald – Business