Shares in Andrew Forrest’s Fortescue plummeted more than 10 per cent today, attributed to a major sell-down reportedly linked to US-based investment manager Capital Group Companies.
IGO will shortly transition its Forrestania operation into care and maintenance as it nears the end of its mine life, while also flagging job cuts from its exploration and corporate teams.
BHP plans to form a joint venture with Canada’s Lundin Mining to develop two copper projects in South America, highlighting its keen focus on the ‘future facing’ commodity.
Alliance Nickel has ambitious plans to start producing from its NiWest battery metals project around the same time BHP Nickel West hopes to restart its operations in 2027.
West Perth-based Invictus Energy has announced it will raise $US10 million, or $15.24 million, to further advance its Cabora Bassa project in Zimbabwe.
Liontown Resources’ Kathleen Valley lithium project is on the cusp of first production, with construction more than 95 per cent complete at the northern Goldfields site.
Ramelius Resources hopes to continue the momentum of a record year for gold production but has opted against a $300 million investment to prolong the life of its Edna May goldmine.
Shares in Bellevue Gold have crumbled more than 20 per cent after the market recoiled in response to its $150 million placement and soft production outlook.
Drilling company Boart Longyear has been fined $385,000 after one of its workers received serious injuries at West Musgrave, just days after two workplace deaths in WA.
West Leederville-based Develop Global has posted a mining services revenue result 10 per cent above forecasts ahead of what it believes will be a strong year of growth.
Mineral Resources has benefited from higher lithium prices across its battery metals operations but is still holding back until market conditions improve.
Engineering company Monadelphous has bolstered its work pipeline with a $200 million contract to enable Woodside to process gas from its $18 billion Scarborough redevelopment.
Green hydrogen is not economic right now, Gabon iron ore has Chinese steel mills salivating, Oakajee remains a mystery, and South American copper has piqued Fortescue’s interest.
High gold prices led Boddington goldmine owner Newmont Corporation to exceed its profit estimates last quarter, despite a production drop off linked to the Telfer project in WA.
Bellevue Gold is tapping investors for more than $175 million to help pay down half of its debt, while announcing a five-year growth plan to accelerate exploration.
GOLD WRAP: Kalgoorlie Super Pit owner Northern Star Resources generated gold production and cash flow records last financial year, but was impacted by constraints at its Yandal hub.
Gina Rinehart-backed Arafura Rare Earths has launched a $20 million placement, as it continues preparations for a $1.2 billion raising needed to fund its flagship project.
Uranium producer Boss Energy is confident it will hit its 2025 financial year production guidance of 850,000 pounds of uranium oxide at its Honeymoon project in South Australia.
First Quantum Minerals has slashed its nickel production guidance following its decision to mothball its Ravensthorpe operation earlier this year amid market turmoil.
Gold aspirant Rox Resources has flagged a cost of around $245 million to bring the historic Youanmi mine in the Murchison back into production, amid a hot local gold market.
