The AVZ Minerals Ltd (ASX: AVZ) share price was scheduled to return from its six-month suspension on Tuesday.

However, the lithium developer has still not finalised the legal wrangle that is holding up the finalisation of the mining and exploration rights for the Manono Lithium and Tin Project in the Democratic Republic of the Congo (DRC).

As a result, the company has requested that its shares remain suspended for a further 30 days. It commented:

The Company advises that the subject of the initial trading halt request remains incomplete and requests a further extension to the voluntary suspension until the commencement of trade on 15 December 2022 or an earlier announcement to the market regarding its mining and exploration rights for the Manono Project.

What’s actually happening?

AVZ is currently facing arbitration proceedings from China’s Jin Cheng Mining in relation to an ownership dispute.

Jin Cheng claims it owns a portion of the Manono Project, whereas AVZ denies this.

The company provided an update on matters last month. That update revealed that the DRC Tribunal granted a request by Dathomir Mining Resources for the interim suspension of the sale of a 15% interest in the Manono Lithium Project to AVZ.

AVZ believes this action is incorrect, stating: “AVZI duly completed each of the Dathomir SPAs in August 2021, including payment within the required time period, and thereby legally acquired a further 15% interest in Dathcom.”

Furthermore, as far as management is concerned, it “retains legal title to a 75% interest in the Manono Project and its pre-emptive rights over the balance of the Project.”

What’s next for AVZ?

On Thursday, the company is holding its annual general meeting in Perth.

It certainly will be interesting to see how shareholders vote on items such as the remuneration report.

Stay tuned for that!

The post AVZ Minerals trading halt extended again. What is going on? appeared first on The Motley Fool Australia.

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More reading

• The trading halt on AVZ Minerals shares has been extended again. Here’s the latest
• 3 ASX mining shares that turned a $10,000 investment into $500,000
• AVZ share price remains on ice following legal update

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Qantas Airways Limited (ASX: QAN) share price suffered some turbulence today. It managed to finish 0.2% higher, however, at one point it was down around 1.4%. But, it recovered during the afternoon.

To put that in context, the S&P/ASX 200 Index (ASX: XJO) ended the day down 0.1%.

Looking at some of the other air-related ASX shares, the Air New Zealand Limited (ASX: AIZ) share price rose by 0.7% and the Auckland International Airport Limited (ASX: AIA) share price climbed 0.6%.

I think it’s also interesting to note what happened with the oil and gas ASX shares because a higher oil price is a good thing for the oil businesses but not so good for the airlines, and vice versa when the oil price goes lower. Today, the Woodside Energy Group Ltd (ASX: WDS) share price fell 1.4% and the Santos Ltd (ASX: STO) share price declined 0.3%.

Trouble ahead for the Qantas share price?

According to reporting by The Australian, the ASX travel share warned that existing “marginal” flight routes and services may be shut down if the current proposed industrial relations reform is passed. It was reported that Qantas claimed the change would “destroy demand” for flying because of higher costs.

In a submission to the Senate inquiry, Qantas said it would plunge the aviation sector back 40 years, which would mean a “cascade” of job losses and less flying. The airline said:

The Bill places at risk a vigorously competitive, efficient and innovative Australian aviation industry.

For the Qantas Group, it will almost certainly mean less flying because costs will rise and demand will be destroyed – particularly on marginal routes. This will result in less investment and fewer jobs in aviation, with a flow on effect for communities and tourism.

This is not catastrophising because we have seen a version of this before under Australia’s centralised wage-fixing model in the 1970s.

The airline suggested that multi-employer bargaining would essentially become industry-wide agreements that would “undermine the viability of many enterprises” according to reporting by The Australian.

Recent movements

Over the past month, the Qantas share price is flat. However, since the start of the year, the airline has seen a rise of 13%.

The post Why did the Qantas share price face headwinds today? appeared first on The Motley Fool Australia.

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More reading

• Why did the Qantas share price have such a lousy start to the week?
• Are ASX share investors getting their mojo back?
• How does a weak Aussie dollar impact Qantas shares?
• Macquarie tips $800m buyback for Qantas shares
• Qantas boss says ‘we’re back’, but should you buy the ASX airline share?

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Three ASX mining shares defied the sell-off in the materials sector on Tuesday.

The S&P/ASX 200 Materials Index (ASX: XMJ) was today’s second-worst-performing sector index, losing 1.01% by market close. ASX 200 lithium shares were hit particularly hard, with the Core Lithium Ltd (ASX: CXO) share price dumping a massive 15.82% by the day’s end.

But back to our big-moving little miners, which also outperformed the broader market by a large margin. The S&P/ASX 200 Index (ASX: XJO) didn’t move much at all today, finishing the session with a 0.07% loss.

Let’s uncover why these mining shares were off to the races on Monday.

Victory Goldfields Ltd (ASX: 1VG)

The Victory Goldfields share price finished Tuesday’s trade up by a sizeable 30.56%.

Earlier in the session, shares of the gold junior exploded over 70% after the company posted news regarding a new discovery of not gold, but rare earths (REE).

Victory Goldfields revealed the drilling results from its North Stanmore REE project located in Western Australia, which included high-grade heavy rare earth oxide (HREO) yields.

The discovery was described as being ‘significant’ as it’s up to 350% more valuable than previously reported deposits.

Victory Goldfields executive director Brendan Clark commented that the discovered grades and ratios “potentially make the discovery one of the most valuable ionic clay hosted rare earth systems compared to our peers based on our high basket price.”

Lycaon Resources Ltd (ASX: LYN)

The Lycaon Resources share price also gained an impressive 32.26% on Tuesday.

The mineral explorer announced this morning it had entered into a binding heads of agreement to acquire the Stansmore Carbonatite Project located northwest of Alice Springs.

Elements explored at the site are niobium and rare earths.

The company’s technical director, Thomas Langley, described the news as “an exciting opportunity for Lycaon”.

Lycaon Resources is a microcap ASX mining share with a market cap of just $14.5 million.

BBX Minerals Ltd (ASX: BBX)

Finally, BBX Minerals ended Tuesday’s trade up by 23.68%.

There was no news from the company today, but shares could be surging higher on the euphoria of yesterday’s announcement.

The mineral explorer reported that recent bioleaching test work had delivered impressive results. BBX Minerals reported that there was a “significant increase in reported precious metals following [the] bioleaching process”.

Further studies are underway that will include assay results using a larger sample size.

The technology will reportedly help with “metal extraction from low-grade ores and mineral concentrates”.

The post 3 ASX mining shares that surged over 20% Tuesday appeared first on The Motley Fool Australia.

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More reading

• Guess which ASX gold share just exploded 70% on a new rare earths find
• 3 tiny ASX shares that exploded over 30% on big news today

Motley Fool contributor Matthew Farley has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) bank share sector is a competitive space. There are a number of major players, as well as smaller competitors.

Most people have probably heard of Commonwealth Bank of Australia (ASX: CBA), National Australia Bank Ltd (ASX: NAB), Westpac Banking Corp (ASX: WBC) and Australia and New Zealand Banking Group Ltd (ASX: ANZ).

But, how are we supposed to know which bank is better than the others?

There are a number of different things to look at such as the dividend yield, price/earnings (P/E) ratio, price-to-book ratio and so on.

Now that CBA has just revealed its FY23 first quarter, we have some of the most up-to-date information about the banks and their performance.

For a bit of guidance about which ASX 200 bank share may be the best to own, let’s have a look at the view of the investment team from the Perennial Value Australian Shares Trust, which has outperformed the S&P/ASX 300 Accumulation Index (ASX: XKOA) by an average of 3.7% per annum over the past two years.

Banking opinion

The Perennial team noted that in October, its bank holdings outperformed. It was pointed out that the rally started when the Bank of Queensland Limited (ASX: BOQ) said that the benefit from rising interest rates was going to be larger than expected.

Perennial also said that the ANZ result included that benefit as well, showing that credit quality remains “very strong”, with no signs of stress “at present” – this is consistent with the “ongoing strength in the Australian economy.”

The fund manager said that the revenue environment for the banks is the “best it has been in a very long time”. However, margins are “likely to come under pressure again as funding costs rises.”

Banks are feeling the pinch of rising costs, with the ANZ result showing that wage expenses are going up.

On top of that, Perennial said that “it is likely that there will be an increase in bad debts from the current very low levels, as interest rate rises flow through the economy.”

Which is the best ASX 200 bank share?

The fund manager said that, overall, the trust’s holdings represent a neutral position in the banking sector.

However, it does have a larger weighting to NAB which is “performing well operationally and is exposed to the strong growth in business lending.”

It also has an overweight position on the Westpac share price because it “has significant upside should its turnaround be successful.”

However, it’s underweight on the CBA share price because of its “unjustifiable valuation premium” and it called ANZ shares the “weakest franchise”.

Recent results

For investors that didn’t see the most recent results, CBA said that it generated cash net profit after tax (NPAT) of $2.5 billion, up 2%, with income rising 9% and underlying expenses increasing 4.5%.

In the NAB FY22 result, it grew its statutory net profit by 8.3% to $6.89 billion and cash earnings increased by 8.3% to $7.1 billion.

The post ASX 200 bank shares: fundie picks winners and losers of the big four appeared first on The Motley Fool Australia.

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More reading

• Why Allkem, Core Lithium, Flight Centre, and NAB shares are dropping today
• Here are the 3 most traded ASX 200 shares on Tuesday
• Why CBA, DGL, Incitec Pivot, and Readytech shares are pushing higher
• Why is the Pilbara Minerals share price tumbling 10% on Tuesday?
• Building a passive income for retirement? Check out these 3 ASX 200 dividend shares

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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