Toro Energy has joined Vimy Resources in gaining state government approval for its uranium project expansion plans, however Environment Minister Albert Jacob is yet to make a decision on the more contentious Yeelirrie uranium mine proposal put forward by Cameco.
An improved performance by some of the state’s miners boosted the Business News index of listed Western Australian companies, the BN30, to finish almost 19 per cent higher over the year (2016).
December throughput was higher at the state’s major north-west ports, with the Pilbara Ports Authority reporting nearly 60.5 million tonnes of cargo passing over its docks in the month, up 12 per cent on the same time in 2015.
Lithium play Neometals has joined the share register of Sydney-based Estrella Resources, at the same time that company completed its acquisition of Mt Edwards Lithium, which has tenements in Western Australia.
Mid-tier iron ore miner Atlas Iron has repaid $54 million of debt to reduce its term loan to $118 million, amid expectations in will be in a net cash position by the middle of the 2017 calendar year.
Lithium exploration at Forrestania, north of Ravensthorpe, will be a priority for Marindi Metals after the company completed a capital raising worth nearly $3.2 million.
Peter Bacchus and John Turner have joined the board of Galaxy Resources, while Perth-based Craig Burton has been appointed to the board of NSW company Atrum Coal.
Environmental approvals to allow mining below the watertable have been granted for BC Iron's Iron Valley mine site, in a move that will give the company potential to extend the life of the project.
A $52 million impairment has been taken by Alcoa World Alumina Corporation on its share of the Warro gas project in the Perth Basin, after the company determined exploration results by project operator Transerv Energy did not support the existing carrying value.
The last 10 days of 2016 were a busy period for WA corporate deals, with the Rae family attracting a bumper price for its Gull New Zealand business, Chinese group MMG selling the Golden Grove mine, Diploma Group going into receivership and seven new listings on the ASX.
A number of board members have joined the list of substantial holders at Quest Minerals as the company seeks to raise money amid ongoing court battles, while Steve Formica has been appointed to the board.
Chinese chemical company Shandong Mingrui Group will buy a lithium project in Southern Mali from ASX-listed Birimian Resources in a $107.5 million deal.
The appointment of Richard Homsany as executive chairman at West Perth-based uranium hopeful Toro Energy ties up leadership changes at the company with chairman John Cahill resigning today just a month after managing director Vanessa Guthrie.
Alcoa World Alumina Corporation has locked in a contract to directly export 400,000 tonnes of bauxite from the Huntly mine in Western Australia, as the company continues a move towards shipping of the commodity in unprocessed form.
Israeli authorities placed billionaire businessman Beny Steinmetz under house arrest on Monday over allegations of bribery and corruption in Africa linked to his mining company, BSG Resources (BSGR) a
Ironbark Zinc has been awarded a mining permit for the Citronen zinc-lead project in Greenland, and will now commence advanced development and financing activities.
A Botswana copper mine is one step closer for Mod Resources after the company completed a $5.5 million institutional raising to accelerate the possible T3 development.
The competition watchdog said today it planned to deny authorisation to a proposed partnership between Virgin Australia Holdings and Alliance Aviation Services because it would lessen competition in the West Australian market.
Fortescue Metals Group said today its proposed joint venture with larger Brazilian miner Vale, for blending their iron ore at key Chinese ports, could fall over.
Sandfire Resources has encountered problems at its $40 million solar farm at the Degrussa copper mine, about six months after an ASX announcement suggested the power plant had been successfully commissioned.
Bhagwan Marine has been awarded a contract to supply marine vessels and crew to support construction on Rio Tinto’s Amrun bauxite project in north Queensland.
Two Perth-based gold miners have run into trouble, with Troy Resources striking problems at its mine and Kingsrose Mining falling into voluntary administration.
Gold junior KIN Mining has released a pre-feasibility study on its Leonora project with a smaller capital cost estimate than that flagged in a scoping study earlier this year.
In a rare move for the pro-mining Barnett government, environment minister Albert Jacob has sided with the Environmental Protection Authority and rejected appeals by Canadian company Cameco over its proposed Yeelirrie uranium mine in the Goldfields.
Paladin Energy has offloaded its entire shareholding in Deep Yellow, taking advantage of a share price spike after the uranium miner’s former managing director John Borshoff joined the junior explorer.
Perth-based Strike Resources has sold its Apurimac and Cusco iron ore projects in Peru for about $13.5 million, as the company shifts its focus to other commodities.
Holding an even exposure to base metals and gold will be the key to keeping Independence Group’s performance consistent across the commodity cycle, according to managing director Peter Bradford, although the time was not yet right to be looking for new gold projects.
