Perth-based Atlas Iron has repaid $20 million of debt to reduce its term loan to less than $85 million, while also continuing to pursue diversification opportunities in copper and lithium.
The end of the mining construction boom continues to cause economic pain for Western Australia but strong employment growth paints a very positive future, according to Treasurer Ben Wyatt.
The increasing uptake of automation, artificial intelligence, and digital technologies in the resources sector has led Core Skills to launch a pilot program designed for mining and energy employees.
GR Engineering Services says it will continue to pursue legal action against Eastern Goldfields in relation to a contract for refurbishment at the miner’s Davyhurst operation, despite the Supreme Court yesterday referring the matter to arbitration.
Engineering and construction group Valmec has secured new contracts in the gas and infrastructure sectors worth $7 million, including work for APA Group at its Yamarna gas pipeline facility.
Four Perth-based miners have tapped investors for more than $30 million, with Panoramic Resources raising $20.9 million for its Savannah nickel project in the Kimberley.
The mining sector needs to embrace automation and address concerns of skills shortages as the industry outlook continues to improve, according to the latest mining business outlook report by Newport Consulting.
Perth-based Tiger Resources has sold its assets in the Democratic Republic of Congo, including its Kipoi copper project, to a consortium of Chinese investors for $US260 million ($325 million).
CFC Group subsidiary Cape has become the latest business to win work from the the state’s growing lithium sector, sealing a four-year contract for crushing services at Bald Hill.
A 40 per cent rise in project applications with the Department of Mines, Industry Regulation and Safety last year has provided another signal of a turnaround in the mining sector.
Sir Ron Brierley-chaired Mercantile Investment Company has increased its bid for Perth-based Bauxite Resources to 11 cents, putting it within the price range set out in the independent expert’s report.
Fortescue Metals Group founder and chair Andrew Forrest has seen his stake in the miner increase $249 million in value over the past four weeks, according to data on directors’ shareholdings tracked by Business News.
Battery Minerals has locked in offtake agreements for 60 per cent of the forecast annual production at its Montepuez graphite project in Mozambique after announcing a supply deal with a Chinese company today.
Mining equipment supplier Imdex expects it will be able to deliver substantial productivity benefits to its clients after striking an option agreement over New Zealand company Flexidrill.
Perth-based Battery Minerals has signed an offtake deal for the supply of graphite concentrate at its Montepuez project in Mozambique to a private Chinese company.
Melbourne-based Nacap Australia has won the contract to build a 200-kilometre gas pipeline to Gold Road Resources' Gruyere project near Laverton, and is pursuing other significant projects in Western Australia.
Junior explorer Spitfire Materials has tapped investors for $5.3 million via a strongly supported share placement as the company ramps-up exploration work at its Western Australian gold project.
BHP Billiton has lifted production of copper, nickel and energy coal for the first half of fiscal 2018, but volumes were flat in its iron ore business while petroleum and metallurgical coal volumes were down.
Local contractor EC&M has announced it has been awarded a series of contracts with a combined value of approximately $130 million, including a joint venture project in New South Wales with West Perth-based CPC Engineering.
Saracen Mineral Holdings says it is on track for its 2018 financial year production target after announcing solid gold output for the December quarter, while also signing a deal to sell its Wallbrook project near Kalgoorlie.
Diversified miner South32 has boosted its expectations for South Africa manganese production and maintained full-year guidance for all other products after a solid first-half performance.
Blackham Resources has signed up Hartleys as lead manager for a $36 million capital raising that will be priced at just 4 cents per share, while mining contractor MACA has agreed to lend $14 millio
Mustang Resources has appointed Richland Resources chief executive Bernard Olivier as its new managing director, while director Cobus Van Wyk will become chief operating officer.
The share prices of Orinoco Gold and Doray Minerals have risen today after the companies announced positive drilling results at their respective projects.
Melbourne-based fertiliser and explosives manufacturer Incitec Pivot has lost its second major Western Australian supply contract in two months, with iron ore miner Roy Hill to allow its purchase agreement to expire in February.
Queensland-based mineral sands explorer Diatreme Resources has signed contracts with a Chinese mining services company to conduct a definitive feasibility study and help source funding for its Cyclone zircon project in Western Australia's Eucla Basin.
