Mining

Paladin Energy has announced plans to move to full ownership of fellow Perth-based uranium company Summit Resources, in a scrip deal worth around $7.8 million.

Clive Palmer's flagship company, Mineralogy, has lost a court bid to stall paying millions owed to a Singapore-based exploration firm.

MACA has extended a mining services contract with gold producer Regis Resources at its Duketon South operations near Laverton for the next five years.

Perth-based Metals X has raised $50 million via an institutional placement, with the proceeds set to be spent at the company’s Nifty copper project in the Pilbara.

Cardinal Resources has secured a $US25 million ($33.7 million) credit facility with Canada-based asset manager Sprott Private Resource Lending, as the junior explorer progresses a feasibility study at its Namdini gold project in Ghana.

Ventnor Resources has exercised an option agreement to acquire the Muchea silica sand project north of Perth, while also announcing a $2.4 million capital raising.

Nickel-focused Western Areas has signed a farm-in deal with Iluka Resources for a series of tenements in South Australia worth up to $5.8 million over the next seven years.

Junior explorers Magnetic Resources, Golden Rim Resources and Real Energy will tap investors in separate capital raisings worth a combined $12.3 million.

Gold Road Resources has flagged further cost increases at its half-owned Gruyere gold project, while also extending an earthworks contract with MACA at the site.

Constellation Resources, a spin-out of Apollo Minerals’ Fraser Range assets, has begun trading positively on the ASX today, after raising $7 million via an initial public offering.

Mineral Resources and Brockman Mining have announced plans to jointly develop a major iron ore mine that will underpin construction of a new rail line and port facilities at Port Hedland.

Junior explorer PolarX has boosted its coffers with a $3.9 million capital raising, with the proceeds to fund the company’s exploration program at its Alaska Range project.

Northern Minerals has today officially opened its Browns Range heavy rare earths project in the Kimberley, the first of its kind outside of China.

Henderson-based contractor EC&M has been awarded a series of contracts in Western Australia and the eastern states with a combined value of about $60 million.

BHP shareholders are set for a windfall after the global miner agreed to sell its onshore US oil and gas assets for $US10.8 billion ($A14.6 billion).

Despite his non-linear career pathway, Brendan Gore’s resources sector roles have provided invaluable experience for his leadership at Peet.

Investors have committed $5 million towards the planned IPO of Norwest Gold, a gold and base metal spin-off from Australian Mines.

Two Perth companies have announced board moves with political connections, with Austal director Jim McDowell leaving to take a powerful job with the South Australian government and IT company Cirrus Networks appointing Paul Everingham as a non-executive director.

Resource Development Group has made its first major purchase since the sale of three subsidiaries in 2015, buying a majority stake in mining services business Mineral Solutions Australia for $2.8 million.

Newcrest Mining's fourth-quarter gold output has risen 15 per cent as a timely uptick in production at its flagship Cadia mine enabled it to meet production targets.

Fortescue Metals Group has reported record quarterly iron ore shipments.

Mining and technology entrepreneur Charlie Bass has flagged six industries, including medicine, agriculture and the arts, that offer Western Australia the opportunity to forge a more sustainable economy.

Talison Lithium has confirmed it will build a third concentrator at the Greenbushes lithium mine to boost output to 1.95 million tonnes per annum, but the owner of tantalum rights at the project has again warned the expansion will be subject to an ongoing legal battle.

Gold miner AngloGold Ashanti has poached one of the top executives from rival Barrick Gold to replace outgoing chief executive Srinivasan Venkatakrishnan.

Ardea Resources has released an expansion study for its Goongarrie nickel-cobalt project in Kalgoorlie, with the company detailing a 2.3mtpa capacity at a cost of $1.17 billion.

Mineral Resources has for the first time revealed the cost of two major projects, saying it will spend $610 million building its lithium concentrate processing plant, which is due to start production later this year, and up to $1.6 billion on its proposed lightweight rail system.

A joint venture between Perth-based companies Clough and RUC Cementation Mining Contractors, which are both owned by South Africa’s Murray & Roberts, has secured two mining contracts in Mongolia.

Saracen Mineral Holdings managing director Raleigh Finlayson has received about $12 million after selling more than half his stake in the gold mining company.

Nickel miner Western Areas has begun early works at its Odysseus project, signing on local contractor MACA, while also announcing it had reached its production guidance for the year to June.

Poseidon Nickel has appointed company director Robert Dennis as its new chief executive, with the former Independence Group executive set to take over the role next month.

Gold-focused Egan Street Resources says it will cost $36.1 million to bring its Rothsay project in the Murchison region into production.

Gold miner Silver Lake Resources has posted above-guidance sales for the year to June, while Red 5 says it is on track to meet its production forecast for the 2018 calendar year.