Mining

Pilbara-focused Flinders Mines has recommended its shareholders accept an improved takeover offer from private New Zealand company Todd Corporation that values the target at about $74 million.

Swiss commodities multinational Glencore has taken an 8.5 per cent stake in battling iron ore miner Atlas Iron through subsidiary Maru Sky.

SPECIAL REPORT: There’s no doubt the boom has come to an end, but plenty of opportunities and projects remain in play.

Billionaire Gina Rinehart has appointed a new executive director and a new chief executive at Hancock Prospecting and foreshadowed plans to recruit additional senior executives to run its commercial and agribusiness operations.

WA business leaders have bemoaned the state government’s failure to plan for life beyond the mining construction boom, but still see opportunities in other sectors.

BHP Billiton shares have stemmed their slide after Brazil's federal court ratified a settlement reached with the country's authorities over a deadly dam spill.

Junior explorers Coventry Resources, Metals of Africa and Consolidated Zinc have tapped investors to raise a combined $13.7 million to fund ongoing development of their respective projects.

Decmil Group has lowered its revenue guidance after announcing a number of one-off costs relating to the closure of one of its local business divisions, coupled with delays to a project and further restructuring, as it seeks to direct its business away from the resources sector.

Chevron is the latest major resources player in the state to announce a change in leadership, after selecting a successor to current managing director (Australia) Roy Krzywosinski, who will hand over the reins in June.

Perth-based Swick Mining Services has flagged a $3 million net loss for the financial year, as the company works to improve productivity to weather the tough times for mining contractors.

The worst might be over for many of the state’s mining services businesses, as they seek to bounce back from the effects of the slowdown in resources project development.

Mining giant Rio Tinto plans to continue its cautious approach as it expects the tough operating environment to remain in the foreseeable future.

Junior miner Orecorp has raised $16.2 million from investors to fund development of its Nyanzaga gold project in Tanzania.

Fortescue Metals Group has taken its latest round of debt repayments to more than $US1.2 billion, with a $US650 million buy of its 2019 senior secured term loans.

BHP Billiton is facing a near 20-fold increase in compensation Brazilian authorities want for last year's deadly Samarco mine disaster.

How do you budget for an iron ore boom that no-one believes will survive more than a few months?

Perth-based Bulletin Resources has sold its remaining 20 per cent stake in the Halls Creek gold project to Pantoro in an all-scrip deal worth $13.7 million.

Local explorer Dakota Minerals has tapped investors for a $12.3 million capital raising to fund development of its Lynas Find lithium project in the Pilbara.

A long-running dispute involving the Yindjibarndi Aboriginal Corporation and Fortescue Metals Group is set to continue after YAC members re-elected a bloc of directors who had recently been replaced by a court-appointed receiver.

Local explorer Capricorn Metals has raised $12.6 million from investors to fund development work on its recently acquired Karlawinda gold project near Newman.

The Fair Work Commission has ruled that fly-in, fly-out workers should not receive extra pay if demobilised from a job while on a rest and relaxation period.

Lower gold production has contributed to a 16 per cent reduction in March quarter revenue for Independence Group compared with the same period last year, helping drive the company’s share price down 11 per cent today.

Local broker Hartleys has managed a $3.5 million capital raising undertaken by a Melbourne-based company exploring for rubies in Mozambique.

POLITICAL uncertainty and growing demand in the developing world will underpin gold prices for the foreseeable future, according to ABC Bullion chief economist Jordan Eliseo.

Former state treasurer Troy Buswell has been promoted to chief financial officer at civil and construction contractor Brierty, which today annunced that 14 positions have been made redundant as it seeks to shave costs.

Perth-based Braziron has announced plans to delist from the ASX and leave the resources industry through the reverse takeover of a private road safety barriers business in a deal worth $6.3 million.

Atlas Iron’s creditors appear likely to own the majority of the business after shareholders voted in favour of the iron ore miner’s proposed debt-for-equity swap at a meeting today.

Fortescue Metals Group is taking advantage of firmer iron ore prices to further trim its massive debt pile.

Gold Road Resources has announced the second-largest capital raising by a Western Australian company for the year, which it will use to fund ongoing work at its Gruyere gold project near Laverton.

Rare earths miner Peak Resources plans to restructure its funding arrangements to increase its stake in the Ngualla joint venture, with a $7 million capital raising put forward to investors.

Perth-based Alkane Resources has announced plans to raise up to $16 million from investors to progress its Dubbo zirconia project in New South Wales.

Metals X looks set to succeed in its long-running battle for control of Aditya Birla Minerals, with the takeover target recommending shareholders accept an increased offer that values the company at about $103 million.