Mining

Regis Resources has posted a $186 million net loss for the 2024 financial year, as the fallout continues from a controversial ruling at its McPhillamys project in NSW.

Kalgoorlie Superpit owner Northern Star Resources made an after-tax profit of $639 million last financial year, as it rode the wave of a record Australian dollar gold price.

Iluka Resources said today construction of its Eneabba rare earths refinery was dependent on getting more government support to meet higher costs but was unable to update shareholders.

Cashed-up African gold producer Perseus Mining will reap $66 million from the sale of shares in Toronto-listed Montage Gold Corp, acquired in its $215 million 2022 takeover of Orca Gold.

Analysis: The political fallout has continued from Tanya Plibersek’s shock ruling against a tailings dam at Regis Resources’ McPhillamys gold project in NSW, formally revealed on Monday.

Perth-based Lycopodium’s share price fell more than 12 per cent today, despite the company reporting a record post-tax net profit of $50.7 million off $348.9 million of revenue.

A record revenue spurred by the acquisition of Devico wasn’t enough to offset tough market conditions for Imdex, which posted a 7 per cent decline in profit.

Koolan Island’s high-grade ores have tripled Mount Gibson Iron’s cash reserves to $442 million in the past year amid a volatile price climate.

BHP has flicked the switch on its first electric excavator for a trial run at its Yandi iron ore mine in the Pilbara.

Local contractors Monadelphous, Macmahon and Mader Group posted upticks in their full-year revenue for the 2024 financial year.

A battery materials refinery spruiked for the Goldfields has been shelved by its east coast planner Pure Battery Technologies, citing industry forecasts and a retracted grant.

Simply calling something ‘green’ doesn’t mean much when it comes to convincing a customer to pay more than for a similar non-green product.

Mining contractor Perenti has elected to undergo a significant remuneration restructure, on the back of February’s fatality at the Mana gold mine in Burkina Faso.

Perth-based goldminer St Barbara has made a tidy profit from the sale of its 5.5 per cent stake in Catalyst Metals for $25.2 million.

Battery materials explorer Charger Metals has revealed a $6.5 million takeover offer from Core Lithium, a move the latter labelled “disappointing”.

Zimbabwe-focused Invictus Energy has appointed Vicky McLellan as its chief financial officer, effective immediately.

West Perth-based BPM Minerals has begun the second phase of drilling at its Claw gold project, located 280 kilometres north-east of Perth.

Regis Resources says a decision to block the construction of a tailings dam at its McPhillamys project in NSW, revealed late last week, could kill the project entirely.

Fortescue has switched on a $34 million hydrogen refueling hub at the company’s Christmas Creek mine in the Pilbara.

Federal Environment Minister Tanya Plibersek appears to have derailed Regis Resources’ tailings dam plan at its McPhillamys gold project, in a hurdle for the company’s mining goals.

Mining technology company Imdex has settled a long-running dispute with Boart Longyear, securing a $10 million payout and likely control of local firm Globaltech.

Wood Australia has continued its working relationship with uranium-focused Bannerman Energy, following news it will facilitate the detailed design phase of the company’s flagship Etango project in Namibia.

A hydrogen haul truck, red dirt sod turning, and proof ore can be mined without emitting any carbon: it was a big day for Andrew Forrest and Fortescue at Christmas Creek

African-focused Perseus Mining has appointed Amanda Weir as its chief operating officer, effective from Monday.

Osborne Park-based junior Nex Metals Explorations has appointed Maki Petkovski as its chief executive officer, effective immediately.

Dale Henderson-steered Pilbara Minerals has struck a deal worth $560 million to acquire Brazilian hard rock lithium explorer Latin Resources.

African goldminer Perseus Mining has spent more than $65 million on a strategic stake in fellow ASX-lister Predictive Discovery, but says it is not currently seeking to take over the company.

Mount Gibson Iron has finalised a $27 million business interruption insurance payout arising from a 2022 fire at its Koolan Island processing plan.

Mid-tier goldminer Westgold Resources has released a maiden ore reserve for its South Junction project, within the broader Bluebird-South Junction complex near Meekatharra.

The Foreign Investment Review Board has given the green light for a “globally significant” joint venture to develop a nickel-cobalt resource near Kalgoorlie.

Mungari goldmine owner Evolution Mining has reported a massive 158 per cent net profit increase across its business, amid a record gold price environment for Australian producers.

MTM Critical Metals has announced its flash joule heating technology can now be extended into either a chlorinated or carbon-chlorinated setting, in a bid to enhance its metal recovery activities.