S&P/ASX 200 (INDEXASX:XJO) has gained 0.66% to 6,752.5 points by 1.53 pm with all sectors in the green except materials.
Crown Resorts (ASX:CWN) shares surged 19.22% after receiving an $8 billion takeover bid from Blackstone.
Fortescue Metals (ASX:FMG) fell 5% and Rio Tinto (ASX:RIO) was 1.2% lower following a decline in the iron ore price after the city of Tangshan in China announced plans to limit production until the end of 2021 in a bid to reduce pollution.
Tangshan accounts for about 14% of China’s steel production.
Top gainers
Today’s top gainers on the ASX include Elementos Limited (ASX:ELT) (+16.67%), Horizon Minerals Ltd (ASX:HRZ) (+10.00%), Meteoric Resources NL (ASX:MEI) (+8.06%), Nelson Resources Ltd (ASX:NES) (+12.50%) and Platina Resources Limited (ASX:PGM) (+8.16%).
Proactive news headlines:
Queensland Pacific Metals raises $15 million in strongly oversubscribed placement to complete TECH Project DFS
Queensland Pacific Metals Ltd (ASX:QPM) (FRA:4EA) has received firm commitments from institutional and sophisticated investors to raise $15 million in a strongly oversubscribed share placement which will enable the company to complete a definitive feasibility study (DFS) on the TECH Project in Queensland.
Australian Vanadium appoints global ESG consultancy Advisian to map sustainability pathway
Australian Vanadium Ltd (ASX:AVL) (OTCMKTS:ATVVF) (FRA:JT71) has appointed global consultancy Advisian, part of the Worley Group, to undertake an initial gap analysis of the company’s environmental, social and governance (ESG) performance as part of its bankable feasibility study.
Pantoro's broad, high-grade gold assays from Green Lantern continue to shine light on Scotia Mining Centre
Pantoro Ltd (ASX:PNR) has received additional broad, high-grade gold assay results from Green Lantern deposit at the 50%-owned Norseman Project which continue to expand the Scotia Mining Centre.
YPB Group develops ‘evaporating tracer’ to identify disinfectant presence on a surface
YPB Group Limited (ASX:YPB) has developed an ‘evaporating tracer’ that can identify the presence of disinfectant on a surface for five hours after application.
Fe Ltd moves closer to mining with key environmental approval granted for Wiluna West JWD Iron Ore Project
Fe Ltd (ASX:FEL) (FRA:B4T) has been granted a key environmental approval for its Wiluna West JWD Iron Ore Project in Western Australia as the project gets moves closer to the start of mining.
Salt Lake Potash begins commissioning Australia's first SOP process plant at Lake Way Project
Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) (OTCMKTS:WHELF) (FRA:W1D) has started front-end process plant commissioning at its Lake Way Sulphate of Potash Project near Wiluna, Western Australia.
Argonaut Resources begins drilling at Murdie Project targeting IOCG mineralisation
Argonaut Resources NL (ASX:ARE) has started drilling an initial drilling program of four to five holes at the Smith Dam-1 gravity anomaly of the Murdie Project in South Australia targeting iron-oxide-copper-gold (IOCG) mineralisation.
Euro Manganese raises A$30 million in oversubscribed private placement to accelerate high-purity Chvaletice Manganese Project
Euro Manganese Inc’s (ASX:EMN) (CVE:EMN) (OTCMKTS:EROMF) (FRA:E06) private placement to raise gross proceeds of A$30 million (C$29 million) has received strong institutional participation and has been oversubscribed.
Corazon Mining begins drilling priority South Pipe target at Lynn Lake Nickel-Copper-Cobalt Sulphide Project
Corazon Mining Ltd (ASX:CZN) has started drilling the high-priority South Pipe target within the wider Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Manitoba, Canada, which may be indicative of a deep-seated intrusive pathway linked to known mineralisation within the Fraser Lake Complex (FLC) further to the south.