(Alliance News) - PYX Resources Ltd on Tuesday announced an operational disruption at its IUP license for the Mandiri deposit in Central Kalimantan in Indonesia, citing regulatory changes introduced by the country's government. Read More
PYX Resources Ltd - Indonesia-focused zircon and mineral sands producer - Says did not undertake production activities in the first half of 2025 due to continued weakness in global mineral sands pricing; elevated operating costs, particularly from third-party contract mining arrangements; and a steep increase in regional royalties from USD8 per tonne to USD59 per tonne, as announced by PYX in February. In addition, flags a complex regulatory environment in Indonesia following the recent presidential elections. Says PYX local subsidiaries approvals for production have been suspended, and PYX's export licenses for zircon, ilmenite, and rutile have also been suspended. One subsidiary has received tax assessments amounting to USD2 million, which are being challenged. "While PYX is not the subject of any specific allegations, the company is committed to full cooperation with any investigation by the relevant authorities and supports efforts to ensure regulatory compliance across the sector," PYX says. Despite the absence of production in the first half, PYX says it continues to manage its inventory and sales strategy prudently and remains focused on preserving shareholder value. Read More
(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