BHP Group, the world's biggest miner, has joined rival Rio Tinto in cutting its forecast for iron ore output after a tropical cyclone, although analysts expect high prices to limit any impact on profits.
McGrathNicol has been appointed administrators to MZI Resources, just over a month after it announced it was $32.25 million in the red for the half-year to December, compared to a $11.34 million loss from the prior corresponding period.
Altech Chemicals has raised $18 million via a share placement, with the proceeds to primarily go towards the company's high purity alumina (HPA) plant in Johor, Malaysia.
Takeover target Lynas Corporation has reported a 32.5 per cent rise in production of rare earths oxides during the quarter, as it fends off a takeover offer from retails-to-chemicals conglomerate Wesfarmers.
Antipa Minerals has announced it completed a $5.1 million capital raising, with the funds set to further its exploration in the Paterson province of the Pilbara.
Mineral Resources has announced the pricing of its US$700 million ($975 million) worth of senior unsecured notes due in 2027 will pay a return at a rate of 8.125 per cent per annum.
Rio Tinto will invest an extra $US302 million to develop its Resolution copper project in the US state of Arizona, as it looks to expands output to meet the lucrative market for new energy vehicles.
Sumatra Copper & Gold has announced it intends to appoint Wilkins Kennedy Amersham as administrators of the company, less than a week after Orinoco Gold went into administration.
Ausdrill has sold its waterwell drilling business to the Peter Hutchinson-chaired Vysarn for $16 million, and the ASX hopeful is seeking to raise $13 million.
Copper and gold explorer Stavely Minerals has announced it is has raised $3.2 million via a share placement, and is looking to receive a further $1 million through a share purchase plan.
The federal government has allocated $25 million towards a battery industry research initiative to be headquartered at Curtin University, while the Bentley-based university today announced it had awarded the main construction contract for a $110 million development.
Toronto-listed Macarthur Minerals is moving forward with a proposed magnetite project in the Yilgarn, after announcing yesterday that it had chosen Aurizon as its rail haulage operator.
Spectrum Metals has received firm commitments from investors to raise $5 million via a share place, with the funds set to go towards the company's Penny West gold project in Western Australia's Mid West.
Three junior explorers have announced capital raisings, with Beacon Minerals and Galan Lithium allocating the funds raised towards their respective flagship projects, while Pacifico Minerals is seeking to acquire a project.
Wesfarmers said its talks with the Malaysian government about Lynas Corporation had been mischaracterised, as the rare earths miner confirmed it was considering Western Australian sites for materials processing from its Mt Weld mine.
Westgold Resources has sold two lithium production royalties in the Goldfields to Silverstream, just over four months after it terminated an agreement to sell the royalties to the same company.
SRG Global has secured an $18 million contract with Kalgoorlie Consolidated Gold Mines, less than a week after it announced it won up to $115 million worth of drill-and-blast services contract extensions with Evolution Mining.
Global miner Rio Tinto has approved the $463 million construction of the Zulti South project in South Africa, a move it says will extend the presence of its majority-owned Richards Bay Minerals in the country.
Wesfarmers has confirmed it engaged in discussions with the Malaysian government in regards to its takeover target, Lynas Corporation, as the rare earths miner revealed it may set up processing operations closer to its Mount Weld mine near Laverton.
ASX-listed Maximus Resources has reached a sale agreement for its Burbanks gold processing plant in the Coolgardie region to privately owned, Perth-based Adaman Resources.
Listed companies Battery Minerals, Cassini Resources and First Graphene have completed share placements, with the proceeds to help fund their projects in the battery metals sector.
Mineral Commodities (MRC) has acquired Norwegian company Skaland Graphite, which the Welshpool-based miner said was the owner of the world's highest grade flake graphite operation.
Shares in gold explorer Matador Mining closed nearly 40 per cent higher today after prominent industry figures Mark Clark and Nick Giorgetta backed a $5 million share placement.
A London-based private equity fund has agreed to a conditional cornerstone equity investment of $20.8 million in Kalium Lakes, giving it a 19.99 per cent holding in the aspiring potash producer.
