Mining

One of Western Australia's largest gold mines has been forced to shut down after a safety incident involving one of Saracen Mineral Holdings' underground miners.

Shares in Dacian Gold plunged as much as 22 per cent today after the company downgraded its production forecast for next fiscal year.

The directors of Alto Metals have recommended shareholders vote against a takeover bid from Habrok Mining, saying the offer was opportunistic and undervalued the company.

CIMIC Group's mining services business has received a $2.5 billion contract extension with Jellinbah Group for work at the Lake Vermont coal mine in Queensland.

Whittens has won a $20 million sub-contract with Mondium for work at Rio Tinto's Western Turner Syncline Phase 2 mine.

AustSino Resources Group will receive $100 million from an entity associated with its chairman to facilitate the company's planned investment in Sundance Resources.

Rio Tinto is planning to shut down its New Zealand aluminium smelters after a strategic review found the business was no longer “economically viable”.

The long-awaited Southdown Magnetite project, near Albany, has achieved a win after obtaining federal environmental approval, but securing funding is a challenge.

Pilbara Ports Authority achieved record throughput in the 2020 fiscal year, increasing exports to 717 million tonnes.

Veris subsidiary Aqura Technologies has signed $2.2 million in contracts including with BHP, which will use the company's communications service across its Pilbara mine sites.

Bellevue Gold says it will use the proceeds from a $120 million capital raising to fast-track the development of its namesake project in Western Australia.

Antipa Minerals has secured its third farm-in deal, with IGO to invest up to $30 million to explore the company's tenements in the Paterson copper-gold province.

Nickel miner IGO has reported solid production for the financial year, including its Nova mine in Western Australia having exceeded guidance for all metals produced.

Alumina Limited says its joint venture with aluminium giant Alcoa has been assessed $212 million in back taxes over historical alumina sales to a government-operated aluminium plant in Bahrain.

Super Pit owners Saracen and Northern Star have reported positive gold production for the June quarter, with Saracen reaching record output for the financial year.

Bardoc Gold will use $24 million raised from a share placement to advance its namesake project in Western Australia, while Galena Mining, DevEx Resources and Matador Mining have also launched capital raisings.

Zenith Minerals and Marquee Resources have both launched capital raisings today, while Bellevue Gold announced a maiden indicated resource for its namesake gold project in Western Australia.

Mining technology company Imdex has boosted its rock knowledge capability after completing the purchase of AusSpec International for a total consideration of $8.5 million.

Auteco Minerals is set to ramp-up exploration activities at its flagship Pickle Crow gold project in Canada using funds raised from a $30.4 million share placement.

The state's iron ore producers could face a long-term threat to their dominance if nascent reserves in West Africa are brought to market.

Bernie Ridgeway led Imdex out of tough circumstances two decades ago and has undertaken more than 20 acquisitions since.

Torian Resources, Avenira and Element 25 have each launched capital raisings today, with the proceeds to go towards gold and manganese projects in Western Australia.

Gold developer Ora Banda Mining has launched a $55 million equity raising following the completion of a definitive feasibility study (DFS) at its flagship Davyhurst project in Western Australia's Eastern Goldfields.

Adbri subsidiary Cockburn Cement is expected to cut up to 50 jobs after Alcoa of Australia did not renew its contract to purchase about $70 million of lime each year.

Civmec has secured its second major contract with Fortescue Metals Group, this time to complete the earthworks and concrete package for Iron Bridge.

Metals X is planning to sell its entire copper assets portfolio, including its Nifty operation in Western Australia, following issues with a major shareholder.

Shares in Accelerate Resources were up by as much as 51 per cent today after the aspiring producer announced an exploration review of its Comet gold project.

Salt Lake Potash has secured further project funding with a $10 million strategic investment from Perth-based Equatorial Resources, as part of a broader $15 million raising.

Mining contractor MACA has secured further work with Atlas Iron under a new $230 million contract for services at the Corunna Downs project in the Pilbara.

Sandfire Resources has made changes to its management team and board, including appointing Sally Langer, and refined its strategic focus.

BCI Minerals has completed a definitive feasibility study of its Mardie Salt and Potash project, establishing a positive case for the prospective Pilbara coast mine.

Mining contractor Dynamic Drill and Blast says it will use funds raised from a $5 million initial public offering to tackle a strong tendering pipeline and potentially grow the business in Western Australia's civil sector.