Mining

Eastern Goldfields has been placed into administration, a day after announcing its proposed $75 million recapitalisation plan had fallen through.

Andrew Forrest has made a $23 million share purchase in Fortescue Metals Group, confirming his position at the top of Business News’ director shareholdings list.

Perth-based gold exploration company Genesis Minerals has announced the appointment of mining executive and company director Tommy McKeith as chair.

Rio Tinto has approved a $3.5 billion investment to develop its Koodaideri iron ore mine in the Pilbara, lifting the total amount to be spent on new iron ore projects in Western Australia to $12 billion.

A recent deterioration in profits among China’s steel producers is boosting the prospects of lower-grade iron ore producers such as Fortescue Metals Group, with steelmakers expected to shift their focus to reducing costs rather than boosting volumes if margins continue to decline.

Opinion: Talk of lowering migration targets is small thinking that misses the opportunity.

Shares in Gascoyne Resources have fallen more than 12 per cent today, after the gold producer downgraded its production guidance for the second time in less than a month.

Eastern Goldfields is at risk of collapse, after the $75 million recapitalisation plan it announced in late September was scrapped today.

West African Resources has awarded a five-year, $152 million underground mining contract to fellow Perth-based miner Byrnecut at its Sanbrado gold project in Burkina Faso.

Rio Tinto has appointed former CSIRO chairman and 2011 Australian of the Year Simon McKeon as an independent non-executive director.

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Resolute Mining has announced plans to list on the London Stock Exchange, just a day after fellow Africa-focused miner MOD Resources was admitted to the LSE.

BHP Group has identified a new copper find near its Olympic Dam operations in South Australia, as speculation continues that Rio Tinto has also made a big copper discovery, in the Pilbara.

Resolute Mining has signed a joint development agreement with Africa-focused power developer Ignite Energy to set up a 40-megawatt hybrid solar, battery and fuel oil plant at its Syama gold mine in Mali.

Global miner Rio Tinto says it will sell its entire stake in Rossing Uranium to China National Uranium Corp for up to $106.5 million.

WestStar Industrial subsidiary Simpec has won a $1.7 million contract at Iluka Resources’ Cataby mineral sands project, located approximately 150 kilometres north of Perth.

David Southam has resigned as the executive director of Western Areas to succeed Peter Muccilli as the managing director of Mincor Resources.

Two separate reports from consultancies PwC and EY have flagged an uptick in mining costs as demand within the local resources industry continues to improve.

Lithium Australia has reported the manufacture of lithium-ion batteries generated directly from mine waste.

SPG Law, a British offshoot of a US litigator, represents 240,000 individuals in Brazil, 24 municipal governments, a Roman Catholic Archdiocese and members of the Krenak indigenous community, and has filed three legal claims for unlimited damages over the failure of the Fundao dam in 2015.

ANNIVERSARY SPECIAL: Via a mix of good fortune and planning, WA has positioned itself as supplier to the fast-growing economies of Asia rather than a competitor. This article is part of a special series to mark Business News' 25-year anniversary.

More than 60 per cent of Mineral Resources shares voted against the company’s remuneration report at today's annual meeting.

Junior gold miner Echo Resources has appointed former Eastern Goldfields chief executive Victor Rajasooriar as its new leader, effective today, after former chief executive Simon Coxhell resigned in October.

Mineral Resources has struck a deal to sell a 50 per cent stake in its Wodgina lithium project for $US1.15 billion ($1.6 billion), with the company set to form a joint venture with US outfit Albemarle Corporation.

ANNIVERSARY SPECIAL: The ranks of WA’s largest public companies have changed dramatically over the past two decades, but Wesfarmers has been a constant near the top. This article is part of a special series to mark Business News' 25-year anniversary.

Zenith Energy has amended its power purchase agreement with Northern Star Resources to add a further 6-megawatts to its power station at the Jundee gold mine.

A new report shows construction work in Western Australia has increased for the first time in five years, while warning that local industry must future-proof itself from capacity and capability risks.

The Western Australian mining landscape continues to significantly change, and Roy Hill believes collaboration and enabling staff to realise their potential is key to successfully adopting innovative ideas and techniques to remain commercially competitive.

Peter Bilbe-led Adriatic Metals has announced a $10.8 million placement backed by major shareholder Sandfire Resources.

Shares in NRW Holdings have jumped 7.14 per cent today, after the mining contractor said it expected a 45 per cent uptick in revenue for the six months to December compared with last year.

Mark Bennett-led S2 Resources has acquired a strategic stake in Northern Territory-focused Todd River Resources in a deal worth about $1.6 million.