Melbourne-based shell company Public Holdings (Australia) is set to move into gold exploration after striking a deal to acquire a group of Western Australian gold tenements from prospector Denis O’Meara, while also announcing plans for a $7.5 million capital raising.
Indonesian group Eastern Field Developments has extended the offer period for its hostile 23-cents-a-share bid for Finders Resources, while also raising a number of concerns with the copper miner’s supplementary target statement.
Perth-based BCI Minerals has signed a non-binding memorandum of understanding with Chinese steel producer Sinosteel to assess potential development of BCI’s Buckland project in the Pilbara.
James Cullen has emerged as the major shareholder at new listing Babylon Pump & Power, which is led by Michael Shelby, formerly general manager at Mr Cullen’s former company Resource Equipment.
Perth-based Volt Resources has raised $4.7 million through a strongly supported exercise of listed options, with the proceeds to be used to develop the company’s Tanzanian graphite project.
Mustang Resources has secured a $19.9 million funding package from US institutional investor Arena Investors LP through a multi-tranche convertible note facility, while also announcing plans to raise up to $4 million via an entitlement offer.
Struggling gold producer Blackham Resources has released positive production results for December after being given a two-week reprieve on a $14 million debt repayment earlier this week.
Subiaco-based Blaze International has announced that it will acquire mining company Everest Minerals via the issue of 48,500,000 million shares to Everest shareholders.
Mining contractor Resource Development Group has been awarded a concrete and civil works contract worth more than $9 million at Mineral Resources’ Wodgina lithium project in the Pilbara.
Mining veteran Milan Jerkovic is taking the reins at embattled gold producer Blackham Resources, which has negotiated a standstill agreement on a $14 million debt repayment due this week and plans to ask shareholders to contribute $36 million of new capital.
Perth-based TNG has commissioned Carnegie Clean Energy's subsidiary Energy Made Clean to evaluate renewable energy options to power its Mount Peake vanadium titanium project.
The state government has today approved Sinosteel Midwest Corporation’s iron ore expansion project east of Geraldton, while simultaneously rejecting Mineral Resource’s planned iron ore mines in the Helena-Aurora Range, after the environmental watchdog had recommended both should be blocked.
Sydney-based oil and gas company AWE has backed a revised $526 million takeover offer from Mineral Resources as the Perth-based mining outfit seeks to gain control of the Waitsia gas field in the Perth Basin.
Energy and infrastructure contracting group Valmec has secured $30 million in new construction contracts, including a 4 kilometre gas pipeline at Dacian Gold’s Mt Morgan project.
Atlas Iron has struck a deal with lithium developer Pilbara Minerals to purchase up to 1.4 million tonnes of direct shipping lithium ore over the next 15 months.
Base Resources has announced that it will purchase a mineral sands project in Madagascar for $US75 million ($100 million) and tap investors for $100 million to fund the acquisition.
Osborne Park-based planning services company Veris has been awarded a contract with Cross Yarra Partnership for up to $100 million across 10 years to deliver early survey works for the Metro Tunnel Project in Victoria.
BHP Billiton will remain a member of the Minerals Council of Australia for now but has decided to exit the World Coal Association over differences in climate and energy policy.
Mining contractor Macmahon Holdings has announced that Giles Everist is moving from a non-executive director role to become the company’s chief financial officer.
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The number of workers on big projects in Western Australia is likely to stabilise at just one quarter of the peak level recorded during the mining construction boom, and that’s only if planned projects get approved, a new study has found.
Aspiring gold miner KIN Mining has tapped investors for $10 million as the company increases exploration work at its Leonora project in the Goldfields region.
Rio Tinto will increase the number of unmanned autonomous haul trucks it uses in the Pilbara by more than 50 per cent as part of a $500 million productivity drive in its iron ore business.
One-time WA iron ore miner Moly Mines, which was delisted from the ASX early this year with nearly 4,000 shareholders and $63 million in the bank, has struck a deal to buy copper stock Queensland Mining Corporation.
Mineral Resources has disclosed that its planned lithium processing projects in the Pilbara will cost in excess of $600 million to build, with managing director Chris Ellison also revealing ambitions for more downstream processing projects.
National Australia Bank says it will stop lending for new thermal coal mining projects, becoming the first major Australian bank to phase out support for the sector.
Perth-based CITIC Pacific Mining has hit its 2017 production target of 15 million tonnes of magnetite concentrate at its Sino Iron project in the Pilbara, while also releasing a study that shows spending of $51 billion in Western Australia over the next 40 years.
Listed company Mineral Commodities has signed a memorandum of understanding to assess the use of Doral's fused alumina plant in Kwinana for downstream processing of natural flake graphite from its proposed mine in WA's great southern region.
