Shares in Ausdrill slumped more than 20 per cent today after the mining services company said its $180 million contract at Mineral Resources’ Wodgina lithium project was set to halve in value.
A joint venture between indigenous group Njamal Services and Pilbara Resource Group has added to its work book as a sub-contractor to MACA on a major lithium project.
Mineral Resources has agreed to allow takeover target Atlas Iron to enter discussions with other parties, one day after the Andrew Forrest-chaired Fortescue Metals Group purchased a blocking stake in the junior iron ore miner.
Sandfire Resources has reached an agreement to purchase Talisman Mining’s stake in the Springfield joint venture project in the Goldfields region for $72.3 million.
Andrew Forrest-chaired Fortescue Metals Group has taken a surprise 19.9 per cent stake in Atlas Iron, and says it will block the $280 million takeover proposed by diversified mining services business Mineral Resources.
Millennium Minerals has secured a $17.5 million loan facility with Investec to fund an expansion of the company’s Nullagine gold project in the Pilbara.
A joint venture established by global waste management company Veolia and indigenous partner Our Country has been awarded a multi-million dollar contract covering Rio Tinto’s entire Pilbara iron ore operations.
BCI Minerals has released a pre-feasibility study for its Mardie salt and potash project in the Pilbara, with a total capital expenditure of $335 million needed to reach full production.
Perth-based engineering firm Primero Group has appointed company director Mark Connelly as chairman and broking firm Cannacord Genuity as lead manager as its finalises plans for an initial public offering.
AMEC Foster Wheeler Australia has been appointed as study engineer for a pre-feasibility study at Barra Resources and Conico’s Mt Thirsty joint venture project near Norseman.
The federal government has rejected a mining exploration program by Perth-based CI Resources on Christmas Island that would have extended the company’s existing phosphate operations by up to 10 years.
Two junior explorers have announced capital raisings today, with aspiring gold miner KIN Mining tapping investors for $11.3 million while Nzuri Copper has raised $6 million.
Norway-focused Koppar Resources has begun trading positively on its debut on the ASX today, after the company raised $4.5 million via an initial public offering.
Mining-focused technology company Immersive Technologies has the rare distinction of becoming a global leader while retaining local ownership and control.
A subsidiary of Belmont-based NRW Holdings has secured a $210 million extension of its mining services contract at the Curragh coal mine in Queensland.
A subsidiary of ASX-listed Westgold Resources has been fined $35,000 after a mine site worker was injured when he was struck by a 322 kilogram jib attachment on an integrated tool carrier.
Shares in Galileo Mining, which is backed by Mark Creasy and Chris Ellison, have closed up strongly on their first day of trading after the company raised $15 million via an initial public offering.
Shares in Galaxy Resources have surged after the lithium miner announced a $US280 million ($A371 million) asset sale deal with South Korean giant Posco.
A group of dissident shareholders at Empire Resources is seeking a board overhaul after requesting a general meeting to remove its three directors, including managing director David Sargeant.
New Century Resources has awarded a mining services contract to an indigenous joint venture as part of what the company claims to be an Australian-first agreement with traditional owners.
Mineral Resources has forecast a capital expenditure of $US600 million ($792 million) to build two lithium hydroxide processing modules at its Wodgina mine in the Pilbara, after announcing plans to sell a minority stake in the project earlier this month.
Two local gold miners have announced equity investments in junior explorers today, with Resolute Mining investing $22.5 million in Canadian company Orca Gold while Westgold Resources has taken a 15 per cent stake in Musgrave Minerals.
Independence Group has agreed to sell its Jaguar base metals operation near Leonora for $73.2 million to diversified investment company Washington H. Soul Pattinson and Company.
Iron ore miner Fortescue Metals Group has approved development of its Eliwana mine and rail project in the Pilbara, which has an estimated $US1.28 billion ($1.7 billion) capital cost.
