Mining services company Mader Group has refined a unique business structure to sustain its profitable growth. Ahead of its ASX listing, we talk to chief executive Patrick Conway about the group's plans and founder Luke Mader's move to the US.
A resurgent iron ore price and a record $A gold price underpinned a $30 billion increase in Western Australia's mineral and petroleum sales for the 2019 fiscal year, according to the state government.
Copper and gold explorer Hot Chili has raised $12.1 million via a share placement, while Australian Vanadium and Blackstone Minerals have also locked in funds from capital raisings.
Azumah Resources has pushed back against Ibaera Capital's hostile takeover bid, stating that the mining equity fund has paid substantially more for its current stake in the gold junior than the price of its takeover offer.
Matsa Resources is seeking to raise up to $6 million via a share placement, with a portion of the funds to go towards further development at its Red October gold project.
Mining services company Breight Group has established a specialist training centre in Belmont to lift the skill level of workers undertaking maintenance and shutdowns on mine sites.
Copper and tin producer Metals X has launched a $32.7 million capital raising to turn around its struggling Nifty copper operation, less than three weeks after it refreshed its board at the behest of its largest shareholder.
Ibaera Capital has made a hostile $27.4 million takeover bid for fellow West Perth-based company Azumah Resources, as the fund manager seeks to get both hands on its gold joint venture in West Africa.
Gina Rinehart's Hancock Prospecting may have to pour more funds into the severely cash-strapped UK-based Sirius Minerals, after the company shelved a $US500 million bond issue for a multi-billion dollar potash project in the UK, blaming factors such as a lack of government support and Brexit uncertainty.
A widely publicised report out today that claimed Western Australia will need 10,700 more operational workers in the mining sector by 2024 appears to be misleading, according to a review by Business News.
Subiaco-based uranium company Peninsula Energy has flagged a write-down of between $US20 million ($29.2 million) and $AUS30 million ($A43.8 million) stemming from its Lance on-site recovery project in the US state of Wyoming.
Evolution Mining has agreed to spend $18 million on exploration over the next five years on West Perth-based Musgrave Minerals' Cue gold project in the Murchison region.
Subiaco-based Titan Minerals has launched its second takeover offer this year for Canada-based Core Gold, which is the largest gold producer in Ecuador, for a lower value than its initial bid.
Mark Clark-chaired Capricorn Metals has announced four new board and management appointments, including a new chief executive, all formerly employed at Regis Resources, which Mr Clark led for nine years.
AusGroup has been awarded a three year maintenance and shutdown support contract by BHP Nickel West covering its Mt Keith, Leinster, Kwinana and Kalgoorlie operations.
Employment opportunities for geoscientists in Western Australia are improving, but it is not the best state in Australia for job prospects, according to the latest data from the Australian Institute of Geoscientists.
Gold miner Blackham Resources has announced its third capital raising for the year, bringing the total to $45 million, following a series of delays in production at its gold mines in the Wiluna region of Western Australia.
Shares in Strategic Elements surged up to 32 per cent today after the software company announced a 12-month deal with multinational conglomerate Honeywell to develop experimental autonomous robotic vehicles
Uranium company Paladin Energy has announced it will raise $30.2 million through a share placement and a further $7 million from a share purchase plan, with the proceeds to help cover the cost of maintaining its mothballed African mines.
TNG has conducted a review of its planned 2 million tonnes per annum Mount Peake vanadium-titanium-iron project, which revealed a potential reduction in capital costs of $29 million.
Vysarn has rejoined the ASX with a healthy share price gain, five months after it struck a deal to purchase Perenti Global's waterwell drilling business for $16 million.
Tianqi Lithium has officially started operations at the first lithium hydroxide refinery built outside China, with the company aiming to achieve practical completion of stage one of the Kwinana plant next month, while works on stage two have been put on hold.
