Latest news with #mining
Yahoo
2 hours ago
- Business
- Yahoo
Thiess secures $1.5bn contract extension for Lake Vermont Mine in Australia
Thiess has announced a contract extension valued at A$2.3bn ($1.5bn) over three years at Jellinbah Group's Lake Vermont Mine in Queensland's Bowen Basin. The new agreement, which supersedes the existing contract set to expire in 2026, will now extend until June 2028. Under the terms of the renewed contract, Thiess will continue to deliver comprehensive mining services at the Lake Vermont Mine. These services include managing the site according to legal requirements, covering all facets of mine engineering and operations. They also involve the upkeep and asset management of stationary and mobile equipment, restoration projects, as well as operating and maintaining Jellinbah Group's processing facility, train loading station and mining camp. Thiess group executive chair and CEO Michael Wright said: 'For nearly two decades, Thiess has worked with the Jellinbah Group to safely enhance and expand Lake Vermont Mine's operations – driving efficiency, productivity and cost effectiveness through commodity cycles. This further extension is a testament to the strong and trusted partnership built over many years, and reflects Thiess' track record in the safe, efficient delivery of sustainable mining solutions.' Jellinbah awarded Thiess the initial mining contract for the Lake Vermont Mine in 2007. Thiess not only constructed the mine infrastructure but has also been integral to the mine's expansion and operational success through multiple contract renewals. Thiess Australia East group executive Rae O'Brien said: 'Thiess is proud of the advancements we have introduced at Lake Vermont Mine over the years with the support of Jellinbah Group. These include safety innovations, world-leading autonomous drilling and semi-autonomous dozing technology, and strategic mine planning and resource optimisation, to support our client's longer-term business outcomes.' In a related development, Thiess has been awarded a contract extension for three years, worth approximately A$590m, to maintain its mining services at QCoal's Northern Hub in Queensland. "Thiess secures $1.5bn contract extension for Lake Vermont Mine in Australia" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
- Business
- Yahoo
Bernstein Reiterates $304 Price Target on Caterpillar (CAT) Amid Power Sector Expansion
Caterpillar Inc. (NYSE:CAT) is one of the 12 stocks that will make you rich in 10 years. On June 20, Bernstein SocGen Group maintained its 'Market Perform' rating and $304 price target on Caterpillar (NYSE:CAT) after touring its large engine facility in Indiana. Analysts cited capacity expansion and upcoming growth opportunities as potential profit drivers. Nestor Rizhniak/ Caterpillar is seen as well-positioned to benefit from rising global energy demand, with strong cash flows and a 55-year dividend streak. Bernstein highlighted opportunities in data center power, distributed systems, and natural gas operations—areas where Caterpillar is expanding through its Solar Turbines division and Titan 350 engine platform. Caterpillar Inc. (NYSE:CAT) is a global powerhouse in construction and mining machinery. Its operations are organized into three core segments: Construction Industries, Resource Industries, and Financial Products. While we acknowledge the potential of SAP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Business
- Yahoo
Provexis (LON:PXS) Is In A Strong Position To Grow Its Business
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed. Given this risk, we thought we'd take a look at whether Provexis (LON:PXS) shareholders should be worried about its cash burn. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. In September 2024, Provexis had UK£478k in cash, and was debt-free. Looking at the last year, the company burnt through UK£113k. So it had a cash runway of about 4.2 years from September 2024. A runway of this length affords the company the time and space it needs to develop the business. The image below shows how its cash balance has been changing over the last few years. See our latest analysis for Provexis Although Provexis had revenue of UK£1.2m in the last twelve months, its operating revenue was only UK£1.2m in that time period. We don't think that's enough operating revenue for us to understand too much from revenue growth rates, since the company is growing off a low base. So we'll focus on the cash burn, today. Notably, its cash burn was actually down by 74% in the last year, which is a real positive in terms of resilience, but uninspiring when it comes to investment for growth. Of course, we've only taken a quick look at the stock's growth metrics, here. This graph of historic revenue growth shows how Provexis is building its business over time. There's no doubt Provexis' rapidly reducing cash burn brings comfort, but even if it's only hypothetical, it's always worth asking how easily it could raise more money to fund further growth. Companies can raise capital through either debt or equity. Commonly, a business will sell new shares in itself to raise cash and drive growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate). Since it has a market capitalisation of UK£16m, Provexis' UK£113k in cash burn equates to about 0.7% of its market value. So it could almost certainly just borrow a little to fund another year's growth, or else easily raise the cash by issuing a few shares. As you can probably tell by now, we're not too worried about Provexis' cash burn. For example, we think its cash runway suggests that the company is on a good path. But it's fair to say that its cash burn reduction was also very reassuring. Looking at all the measures in this article, together, we're not worried about its rate of cash burn, which seems to be under control. Taking a deeper dive, we've spotted 4 warning signs for Provexis you should be aware of, and 1 of them is a bit concerning. If you would prefer to check out another company with better fundamentals, then do not miss this free list of interesting companies, that have HIGH return on equity and low debt or this list of stocks which are all forecast to grow. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
4 hours ago
- Business
- Yahoo
Uranium Energy (UEC) Gained This Week. Here is Why.
The share price of Uranium Energy Corp. (NYSEAMERICAN:UEC) surged by 6.02% between June 18 and June 26, 2025, putting it among the Energy Stocks that Gained the Most This Week. A mining worker in a hard hat and coveralls hammering away at the uranium rich walls of the mine. Uranium Energy Corp. (NYSEAMERICAN:UEC) is engaged in uranium mining and related activities. The company is the fastest-growing uranium supplier in North America, fueling the growing demand for carbon-free nuclear energy. Uranium Energy Corp. (NYSEAMERICAN:UEC) significantly expanded its strategic influence in the uranium market recently by boosting its stake in Anfield Energy with an investment of $14.82 million. Following the transaction, UEC now holds a 32.4% stake in Anfield – a company that primarily explores for uranium, vanadium, and gold deposits. Uranium Energy Corp. (NYSEAMERICAN:UEC) is among the nuclear energy stocks that recently garnered much investor attention following an executive order by President Trump to quadruple America's nuclear energy capacity by 2050. The order also lays special focus on increasing domestic mining and enrichment of uranium, creating significant opportunities for players like UEC. The stock also received a boost from the increasing global price of uranium, which has surged by more than 12.5% over the last two weeks. While we acknowledge the potential of UEC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and Disclosure: None.
Yahoo
4 hours ago
- Business
- Yahoo
enCore Energy (EU) Surges Amid Record Uranium Extraction Rates
The share price of enCore Energy Corp. (NASDAQ:EU) surged by 11.07% between June 18 and June 26, 2025, putting it among the Energy Stocks that Gained the Most This Week. An aerial shot of the uranium mines, demonstrating the company's vast mineral resources. enCore Energy Corp. (NASDAQ:EU) engages in the acquisition, exploration, and development of uranium resource properties in the United States. The company utilizes ISR technology at its South Texas production facilities, resulting in a lower cost and environmentally friendly method of uranium extraction. enCore Energy Corp. (NASDAQ:EU) surged this week after the company revealed record uranium extraction rates at its Alta Mesa In-Situ Recovery Uranium Central Processing Plant since commencing operations in June 2024. enCore attributes this success to the recent management changes and operational efficiencies, which have worked to expand uranium extraction and decrease costs. enCore Energy Corp. (NASDAQ:EU) is also receiving support from the sharp uptick in the global price of uranium, which has increased by more than 12.5% over the last two weeks. While we acknowledge the potential of EU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and Disclosure: None.
