Mining

Metro Mining shares were up 20 per cent after the bauxite hopeful announced the completion of a $38 million capital raising through Perth broking firm Argonaut.

BHP Billiton has met full-year production targets in its main iron ore and petroleum businesses, with a record result achieved at its Western Australian operation, but fell just short in its troubled copper business due to an extended strike at a Chilean mine.

Privately-owned mining equipment supplier Nepean Conveyors is aiming to expand its manufacturing operations in Perth after buying the global conveyor business of Swedish company Sandvik.

Fortescue Metals Group has poured cold water over reports that its proposed Eliwana iron ore mine near Tom Price would produce more ore on an annual basis than the mine it would replace.

Westgold Resources will no longer acquire Silver Lake Resources’ stake in the Cue operation after joint venture partner Musgrave Minerals exercised its pre-emptive right to buy the interest.

Rio Tinto has slightly pared back expectations for full-year shipments of iron ore, as ongoing rail track maintenance work slows down its ability to export the steel making ingredient.

A Canadian company has entered into an agreement to acquire Perth-based Cobalt One under an all-scrip deal that values the target at about $63 million.

Kidman Resources’ stock stock fell for a second consecutive day, despite the company seeking to quell investor unease around its joint venture agreement with a Chile-based lithium producer.

Shares in Tanzania-focused Graphex Mining rebounded after the company announced it had struck a revised agreement with its Chinese partner over the Chilalo graphite project.

Gold miner Northern Star Resources achieved record production in the June quarter, taking full-year production to the top end of its guidance. 

Macmahon Holdings chairman Jim Walker said the contract miner would focus on executing its growth plans after shareholders voted overwhelmingly today in support of a tie-up with Indonesian company PT Amman Mineral Nusa Tenggara (AMNT).

Kibaran Resources and Black Rock Mining are the latest Perth-based explorers with operations in Tanzania to come out of a trading halt since legislative changes in the African country were announced.

Michael Fotios-led Eastern Goldfields says it will counterclaim GR Engineering Services over work at its Davyhurst gold operation, after the contractor began Supreme Court proceedings yesterday.

RCR Tomlinson has lost the latest round in a long-running legal action against a former executive who was dismissed in 2009, and will pay nearly $300,000 in retirement benefits after the company's appeal failed.

The world's largest lithium producer will make a $A150 million investment in Kidman Resources' Mt Holland project near Southern Cross, and plans to build a new refinery in the region.

GR Engineering Services has launched Supreme Court proceedings against Eastern Goldfields and is seeking about $10 million in relation to its contract for refurbishment of the Davyhurst operation.

WA’s world-leading lithium sector could ride a wave of demand led by the charge in battery storage technology.

Talga Resources has agreed to work with a German building materials producer to explore the use of graphite and graphene to enhance concrete applications.

Exploration companies Orecorp, Cradle Resources and Graphex Mining have been pummelled on the ASX as the market continues to react to changes to mining and exporting laws in Tanzania.

Kidman Resources has successfully fended off Marindi Metals’ claims of rights to the Mt Holland lithium project near Southern Cross, after a Supreme Court verdict was handed down last week.

Poseidon Nickel and Aphrodite Gold have agreed to form a jointly-owned company to own Poseidon’s processing facilities at its Black Swan nickel operation and Aphrodite’s nearby gold tenements.

Neometals will hold on to its minority stake in the Mt Marion lithium mine after failing to find a buyer, and plans to spin-out its technology and titanium assets into a new company.

South32 says its recently shut Appin coal mine in NSW will remain closed for an extended period for a safety review.

Shares in Tanzania-focused mining and exploration companies were hit again today after they revealed the full slate of planned legislative changes in the African nation, which include the Tanzanian government giving itself the right to get a 16 per cent stake in mining companies for no cost.

Mount Gibson Iron has received a further $64.3 million insurance payout from the collapse of a seawall at its Koolan Island iron ore mine in 2014.

A new Perth-based gold and copper-focused exploration company has announced plans to raise up to $6 million by way of an initial public offering and list on the ASX.

Mount Gibson Iron has torn up a second offtake agreement with a Chinese customer that had planned to buy product from its Iron Hill mine in the Mid West.

Spanish-controlled CIMIC Group has backed away from its former takeover target Macmahon Holdings, selling its 23.6 per cent stake in the Perth company for $46.8 million.

Shares in Doray Minerals have been hammered on news the company will suspend operations at its Andy Well gold mine later this year.

A Perth-based exploration company in the process of acquiring lead and silver assets in the Murchison region has announced plans to undertake a $6 million initial public offering and list on the ASX.

A multi-millionaire industrialist known as Britain's ‘man of steel’ has won the bidding battle for Arrium, ending more than a year of uncertainty for the collapsed South Australian steelmaker.

GR Engineering Services has finalised a $66.5 million package of work for the construction of processing facilities at Gascoyne Resources’ Dalgaranga gold project in the Murchison region.