Goldminer Ramelius Resources has lodged a $208 million takeover offer for Spectrum Metals, after Spectrum settled its disputes with Venus Metals Corporation in relation to the acquisition of the Penny West gold project in Western Australia.
Ascot-based GR Engineering Services has been contracted to build a sulphide flotation and processing plant for Galena Mining's base metals project in Western Australia.
Perth-based explorer Tesoro Resources will begin trading on the Australian Securities Exchange tomorrow after completing a backdoor listing, an outcome that's been increasingly rare of late.
Perth-based explorers Technology Metals and Artemis Resources have each raised $2.1 million through share placements, while South Australian company Twenty Seven Co is seeking to raise $1.6 million to explore its tenements in Western Australia's Goldfields region.
Rio Tinto has contracted Perth-based Southern Cross Electrical Engineering to complete rehabilitation works on its Gove Peninsula operations in the Northern Territory.
Shares in CIMIC Group are up 8 per cent, a day after the international contractor named a new chief executive and announced a $1 billion full-year loss related to its decision to exit the Middle East.
Mining services provider Perenti Global says it is considering buying Downer EDI's mining servicing business, but dismissed a report of a $700 million offer.
Private companies and not-for-profit businesses play a prominent role in the West Australian economy, with annual revenue at the top 20 exceeding $32 billion, according to data compiled by Business News.
Saracen Mineral Holdings has sold its 10.5 per cent interest in Red 5 for $39 million, completed through a book build process at 30 cents per share prior to the ASX market open today.
Shares in Panoramic Resources have plunged by more than 33 per cent, falling to their lowest price since 2016, after the company downgraded production guidance for the underground Savannah mine in the Kimberley.
Fortescue Metals Group is anticipating iron ore exports to be at the upper end of guidance after posting record shipments for the first half of 2020, while also announcing plans to spend $US450 million ($A668 million) on a solar-gas power facility.
Gold Road Resources shares rose by more than 11 per cent today after the company announced higher than expected cash generation from its Gruyere gold mine in Western Australia.
Northern Star Resources said it was on track to meet production guidance of around 1 million ounces of gold this year, helped by its recent acquisition of a 50 per cent stake in the Kalgoorlie Super Pit and strong performance across its Australian operations, but also disclosed today an increase in its operating costs.
Rio Tinto has scrapped a practice that allowed it to discount payments to small business suppliers, two weeks after the state government forced the Water Corporation to make a similar change.
Rio Tinto has confirmed it will proceed with the next phase of its exploration joint venture at the Citadel copper-gold project, located in the Pilbara's Paterson province, but has extended the time it has to spend $14 million from three years to five years.
Emeco Holdings has expanded its service offering after signing a $72 million agreement to acquire Australian underground mining equipment and services provider, Pit N Portal.
Barrick Gold has resolved a three-year tax dispute with the Tanzanian government, which has lifted a ban on minerals exports, potentially providing a pathway to production for a contingent of Western Australia-headquartered miners and exploration firms.
More than 80 per cent of spending on the Eliwana iron ore project has been through local contractors, Fortescue Metals Group said today, while Premier Mark McGowan announced a major approval had been fast tracked to enable the mine to be completed on schedule.
A decision by Wesfarmers and partner SQM to pause investments at the Mount Holland mine and Kwinana refinery bring to about $3 billion the value of lithium projects deferred in Western Australia during the past year.
Perth-based Castile Resources and Kaiser Reef are set to raise up to $25 million ahead of stock market listings next month, despite tough market conditions affecting a number of ASX aspirants.
Gold explorer Emerald Resources is seeking to raise $75 million through a share placement to develop its Okvau project in Cambodia, while also finalising a $US60 million ($A88 million) loan with Sprott Private Wealth.
Shares in national contracting groups CIMIC and Downer have plummeted more than 20 per cent after the companies reported significant write-downs and higher costs respectively.
Shares in St Barbara eased today after the company downgraded production forecasts at two of its goldmines, while fellow miner Regis Resources reported a strong quarterly result.
Indian state-owned corporation NMDC recently lifted its stake in local mining hopeful Legacy Iron Ore to more than 90 per cent in a deal that minor shareholders say dramatically diluted their equity, with regulators powerless to take action.
Civil and mining contractor MACA has secured another contract with First Quantum Minerals, worth $20 million, and further contracts with VicRoads totalling $19.5 million, while also announcing the closure of its Brazil operations.
Resolute Mining has agreed to repay all amounts outstanding under a $US130 million loan agreement with Taurus Funds Management, which it said would be funded by an equity raising.
A private business has lodged documents with the environmental regulator for a new bauxite mine in the Kimberley, a project estimated to be worth around $35 million.
