(Alliance News) - PYX Resources Ltd on Tuesday said it narrowed its annual loss in 2024 despite a sharp drop in revenue, as higher sales volumes partly offset a weak second half, disrupted operations and lower mineral prices. Read More
PYX Resources Ltd - Indonesia-focused zircon and mineral sands producer - Pretax loss narrows to USD4.1 million in 2024 from GBP10.5 million in 2023. This is driven by total expenses being reduced by 55% to USD15.1 million from USD33.2 million. Revenue, however, also halves, to USD11.0 million from USD22.7 million. PYX reports a loss per share of USD0.75 for 2024, against a loss of USD2.32 per share in 2023. Read More
PYX Resources Ltd - Indonesia-focused zircon and mineral sands producer - Says it has been notified by local authorities in Central Kalimantan, Indonesia, of an increase in royalties for the export of zircon, rutile and ilmenite. The royalties have risen to 20% of a newly defined base price of IDR4.8 million per tonne, or around USD59 per tonne. Previously, royalties were 4% of the base price adopted in 2022 of IDR3.0 million per tonne. The local royalty tax is in addition to the current 1.5% export tax. PYX is in contact with the relevant regional agencies to seek a reversal of the decision, or change the perimeter of the royalty application. Read More
(Alliance News) - PYX Resources Ltd on Friday reported a sharply lower loss as costs decreased substantially, as the company posted an optimistic outlook focused on ramping up production. Read More
(Alliance News) - PYX Resources Ltd on Tuesday said it has connected its Mandiri mineral separation plant to the local electric grid of Central Kalimantan, Indonesia. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
PYX Resources Ltd - Sydney-based, Indonesia-focused zircon and mineral sands producer - Secures modified licence from the Investment and One-Integrated Services Department to export ilmenite. It can now begin exporting with immediate effect, and deliver on orders placed prior to the modification of the licence. PYX will be using the Banjarmasin port for loading, and the Jakarta port to export. Read More
(Alliance News) - PYX Resources Ltd on Monday reported a surge in zircon production and sales but said total production fell in 2023. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
PYX Resources Ltd - Sydney-based, Indonesia-focused zircon and mineral sands producer - Says 2023 has taken it "a step closer" to becoming a mineral sands consolidator in Indonesia and a leading player in the premium zircon market. In August, the group was awarded a licence from the Indonesian government for the extraction and export of ilmenite and rutile ores. The group was also awarded a renewal of a 10-year exploration and mining licence at the Tisma mineral sands project in Kalimantan, Indonesia. In the third quarter of 2023, the company increased its premium zircon production by 61% to 4.0 kilotonnes, equivalent to a yearly production rate of 16.0kt. PYX also increased sales of premium zircon by 88% in the third quarter to 4.2kt, taking the year-to-date sales volume to 9.4kt. PYX's "strategic approach to client diversification", resulted in sales volume being primarily generated from China and India. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News: Read More
PYX Resources Ltd - Sydney-based, Indonesia-focused zircon and mineral sands producer - Says that an application for the quotation of additional securities has been issued on the NSX. On Tuesday, PYX announced a GBP20 million investment commitment through a subscription agreement with GEM Global Yield LLC SCS, an alternative investment firm with offices in Paris, New York, and the Bahamas. Under the deal, PYX controls the amount and timing of investment over a 36-month period with no minimum subscription obligation. A fee of GBP400,000 is also payable to GGY in cash or shares within a period of 12 months. Read More
(Alliance News) - Pyx Resources PLC on Wednesday reported considerable increases in zircon production and sales, but said its loss widened as some expenses increased. Read More
(Alliance News) - PYX Resources Ltd on Thursday said it has received a licence from the Indonesian government allowing it to export rutile and ilmenite ores, of which it currently has 8.2 kilotonnes ready to ship Read More
PYX Resources Ltd - Indonesia-focused zircon producer - Wins approval to extract and process 48,000 tones of premium zircon during 2023 from its second deposit, Tisma, in Indonesia. Says this is an "important milestone" in the company's growth as it expands its ability to produce mineral sands from Tisma. Read More
PYX Resources Ltd - Indonesia-focused zircon producer - Reports a "strong" performance in the first half of 2023, with increases in both sales and production. Says zircon production in the half climbs 33% to 5,700 tonnes from 4,300 tonnes the year prior. Zircon sales rise 34% to 5,200 tonnes from 3,900 tonnes. Average zircon price, however, drops 30% to USD1,927 per tonne from USD2,749. Total minerals sands production drops 26% to 6,800 tonnes from 9,200 tonnes. Total minerals sand sold, however, jumps 34% to 5,200 tonnes from 3,900 tonnes. Explains the drop in minerals sands production is due to the decision to focus on the production and sale of premium Zircon due to high demand. Read More