Mining

New Century Resources has raised $40 million to complete the restart of its zinc mine in Queensland, while Vimy Resources and Geopacific Resources have tapped investors for $6 million and $10 million respectively.

Emeco Holdings has made its fifth big acquisition in the past three years, acquiring Queensland-based Matilda Equipment for $80 million while also announcing a $90 million capital raising to fund the purchase.

West Perth-based Sandfire Resources has upgraded its mineral resource at the Degrussa copper mine, located 900 kilometres north-east of Perth, following a recent drilling program.

Aspiring gold miner KIN Mining has appointed former Syndicated Metals managing director Andrew Munckton as its new chief executive, after former leader Don Harper quit in February.

A man has died after he was crushed at a coal mine in Collie last night.

Perth-based Pacific Energy, through its newly acquired Contract Power Group, has secured a contract with Mineral Resources to build a 52-megawatt power station at the Wodgina lithium project.

The Takeovers Panel has blocked a major shareholder of Finders Resources from accepting the recent takeover offer after the corporate watchdog submitted an application to the panel.

Fortescue Metals Group has recorded higher production costs during the March quarter, while iron ore shipments were down slightly for the period.

Iluka Resources has been served with a class action, with a group of shareholders alleging the mineral sands miner misled the market six years ago.

Business News has been tracking WA’s largest private companies for more than 20 years and found most have experienced big changes over that time.

The WA School of Mines should include new disciplines and postgraduate degrees to insulate it from the cyclical resources economy, and help it become a global leader in its field, according to three former students who are now industry leaders.

Gold Road Resources has announced cost increases and schedule delays due to recent heavy rainfall at its half-owned Gruyere gold project near Laverton.

A solar power company founded by former Western Power manager Neil Danby and olympic basketballer Andrew Vlahov has picked up its first contract, winning $7 million of work for Image Resources’ Boonanarring mineral sands project.

West Perth-based Toro Energy has announced a shift in strategy as the uranium-focused company begins a gold exploration program at its Lake Maitland project near Wiluna.

Perth-based Apollo Minerals has announced plans to spin-out its Fraser Range assets via an initial public offering, as the company focuses on its European tungsten and gold projects.

Perth-based GR Engineering Services has been selected as preferred tenderer for a $93.1 million contract to design and build a processing plant for Capricorn Metals’ Karlawinda gold project near Newman.

Pilbara Minerals founder John Young has stepped down from the company’s board, with Sally-Anne Layman set to become a non-executive director as the company closes in on first lithium production.

Auris Minerals chairman Bronwyn Barnes and independent director Susan Vearncombe have been voted off the company’s board, after a group of dissident shareholders gained enough support to pass a number of resolutions at a special meeting today.

King & Wood Mallesons Partner Nathan Collins, who was involved in the debt restructuring of troubled uranium miner Paladin Energy, says the deal, which left existing shareholders with a 2 per cent stake, was the only real option for the company.

Osborne Park-based Veris has secured a three-year services contract for technology infrastructure upgrades at BHP Billiton’s accommodation villages.

Past overreach on IR and current political realities combined to mute the federal government’s options in terms of the new ‘super union’.

Mining giant BHP Billiton has trimmed its full-year iron ore production guidance after being forced into unexpected dumper car maintenance.

Brian Gilbertson-led Jupiter Mines has made a steady start to trading on the ASX today, after the manganese miner completed a $240 million initial public offering.

Rio Tinto has announced an 8 per cent spike in its Pilbara iron ore production to 83.1 million tonnes for the quarter, while shipments were up 5 per cent at 80.3mt.

Perth-based engineering company ADRA Group has announced former EWS chief executive Robert Osborn Jr as its new leader.

Gold-focused Titan Minerals has signed an agreement to purchase a processing plant in northern Peru in a cash and scrip deal for approximately $6.5 million.

Some aspects of targeted sanctions on Russia are proving beneficial for commodity producers in WA.

Atlas Iron has posted disappointing quarterly results, with discounted prices for its low-grade iron ore leaving the miner with a loss from its March production.

West Perth-based Tungsten Mining has tapped investors for $20 million as the company seeks to progress its Mt Mulgine project in the Murchison region.

Mark Connelly-led Tao Commodities is set to commence trading on the ASX on Monday, after the junior explorer raised $4.7 million via an initial public offering.

Perth-based Genesis Minerals has received commitments to raise $5 million through a share placement, with the funds to be spent on a drilling program and a feasibility study at its Ulysses gold project.

Perth-based company Lycopodium has been appointed as lead engineer and author for a pre-feasibility study at Jervois Mining’s Nico Young cobalt-nickel project in NSW.