PRE-MARKET AUSTRALIAN STOCKS NEWS: Alta Copper shareholders and option holders approve the proposed acquisition by Fortescue (FMG AT)

Fortescue's acquisition of Alta Copper being approved by shareholders is a positive signal for FMG, indicating confidence in its growth strategy within the copper sector.

Newsquawk StaffPublished 26 Jan 2026, 23:14 UTCOn the live feed at 22:54 UTC — 4 more headlines followed before this page went public

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23:02

[MARKET UPDATE] Muted reopen of futures trading with US index futures taking a breather after Monday's rebound, while ASX 200 (+0.7%) is buoyed on return from the extended weekend

22:55

South Korean Industry Ministry says Minister is to visit the US soon and meet with Commerce Secretary Lutnick

22:54

PRE-MARKET AUSTRALIAN STOCKS NEWS: Alta Copper shareholders and option holders approve the proposed acquisition by Fortescue (FMG AT)

22:22

US President Trump posts "I just had a very good telephone conversation with Mayor Jacob Frey, of Minneapolis. Lots of progress is being made! Tom Homan will be meeting with him tomorrow in order to continue the discussion"

22:20

Newsquawk Daily Asia-Pac Opening News - 27th January 2026

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AMP Limited (AMP AT) - AMP Bank re-enters SMSF lending with the launch of SuperEdge. (Newswires)

AUB Group (AUB AT) - Co. shares halted for a capital raise. (The Australian)

BlueScope Steel (BSL AT) - Co. opened rival bid talks with two of its JV partners. (The Australian)

DroneShield (DRO AT) - Co. Q4 revenue rose 94% Y/Y to AUD 51.3mln. (The Motley Fool)

Fortescue (FMG AT) - Alta Copper shareholders and option holders approve the proposed acquisition by Fortescue. (Newswires)

Macquarie Group (MQG AT) - Co. kicked off the AUD 3bln Paraway Pastoral sale, while it was separately reported that Macquarie Asset Management is likely to use its Asian footprint to expand Qube’s (QUB AT) logistics services if it seals its proposed AUD 11.6bln acquisition. (The Australian/AFR)

Stanmore Resources (SMR AT) - Co. reported record December quarter run-of-mine (ROM) coal production of 6.0mln tonnes and sales of 4.0mln tones. (The Motley Fool)

Context

This move aligns with broader trends in mining consolidation and could spur interest from investors looking for exposure to resource-rich firms, particularly in the context of rising metal prices.

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