Fortescue Metals Group chair Andrew Forrest has taken a shot at his iron ore mining competitors for mining “the easy stuff” and not working to bring subeconomic ores up to a mineable level, speaking at the company’s annual general meeting today.
Global miner Rio Tinto has suspended one top executive with immediate effect while another is stepping down over payments made in 2011 related to the Simandou iron ore project in West Africa.
Altura Mining has attracted a Chinese lithium battery producer for a $41.6 million investment in the business to assist with the development of its Pilgangoora lithium project in the Pilbara.
Gold Road Resources has entered into a joint venture agreement with South African mining giant Gold Fields for its Gruyere project near Laverton, in a deal worth $350 million plus royalties.
Mineral sands miner MZI Resources has announced the resignation of both its managing director and chief operating officer, while finalising a $US16 million loan deal.
Graphite explorer Metals of Africa has announced a $9 million capital raising and rebranding plans, with the company to change its name to ‘Battery Minerals Limited’.
Mining explosives maker Orica has flagged a cautious outlook for the 2017 financial year despite swinging to a full-year profit on the back of sharp spending cuts and improving commodities prices.
In May 2015, mining executive Julie Shuttleworth had to deal with two major developments in her life. She had just started as general manager of Fortescue Metals Group’s Solomon mine when she found she was pregnant with her first child.
Perth gold miner Saracen Mineral Holdings has locked in a financing facility of up to $150 million with a banking syndicate, replacing a previous loan deal that expired in September.
The founder and chairman of Fortescue Metals Group has reaffirmed his commitment to the iron ore industry by increasing his stake in the business, buying $6.9 million worth of shares in an on-market trade.
Perth-based miner South32 has entered into an agreement to buy the Metropolitan Colliery and a 16.7 per cent stake in the Port Kembla coal terminal in NSW from Peabody Energy Corporation for $US200 million ($A261 million) in cash.
The youngest son of the late John Roberts, who founded construction company Multiplex, has joined the board of Mineral Resources, filling the seat left vacant when long-serving director Joe Ricciardo retired in April.
Altura Mining has followed the example of neighbouring lithium project developer, Pilbara Minerals, by purchasing a mothballed mine camp from Roy Hill Holdings.
Soon-to-be lithium miner Galaxy Resources has expanded an existing agreement with investment group OCP Asia to borrow a further $16 million to meet working capital costs until first revenue is achieved at its Mt Cattlin mine.
Rio Tinto has agreed to sell its its stake in the Simandou iron ore project in Guinea to partner Chinalco, setting the stage for a sizeable new competitor.
Chevron has blamed problems at one of its overseas suppliers and inadequate planning for a $US5 billion ($A6.6 billion) blowout in the cost of its Wheatstone liquefied natural gas (LNG) project.
Aspiring lithium miner Pilbara Minerals has agreed to purchase Roy Hill Holdings’ dormant 300-person camp facility for use at its Pilgangoora project for an undisclosed sum.
Diversified investment and development company CFC Group has combined its mining services and infrastructure businesses to form a single subsidiary, in response to the tough mining environment.
Perth-based explorer Bannerman Resources has tapped investors for $4 million to fund an engineering program to help reduce cost estimates at its $US793 million Etango uranium project in Africa.
Saracen Mineral Holdings managing director Raleigh Finlayson has told today’s WA Mining Club lunch that local mid-tier gold miners had squandered a share price premium during the boom years, but had since built up a strong case to trade at above underlying value.
Interest from North American pension funds could help drive continued strength in the gold sector, although tax competitiveness and policy stability will be important, according to industry leaders.
Four Perth-based mining companies have today announced plans to raise capital, with Doray Minerals leading the change with confirmation of a $24.9 million placement.
Copper and gold miner Sandfire Resources has increased its stake in Montana-based copper play Tintina Resources by 4 percentage points to 61 per cent in a $C4.2 million ($4.1 million) deal.
Gina Rinehart's Hancock Prospecting has announced a $US300 million ($A395 million) investment in a UK-based fertiliser business chaired by former Fortescue Metals Group deputy CEO Russell Scrimshaw.
Mineral Resources and Pilbara Minerals have resolved their offtake dispute for the Pilgangoora lithium project, with MinRes to surrender its entitlements in return for a $50 million stake in Pilbara.
Metals producer Wolf Minerals has secured a debt restructure with its creditors and a $32 million loan with a major shareholder, after running into problems at its Drakelands mine in southern England.
Panoramic Resources has finalised plans to spin-out its Gum Creek gold project through the partial divestment and ASX listing of its Horizon Gold subsidiary, with a $15 million initial public offering launched today.
Iron ore producers have maintained their dominance over the BNiQ Search Engine Biggest Exporters list, as LNG producers are slow to start up. Click through to see the annual list of the state's biggest exporting companies.
