Technology investor and company director Gavin Rezos has been appointed chairman of Sydney company Resources & Energy Group, which has just bought a small gold project near Southern Cross.
The creditors of Atlas Iron have voted in favour of the iron ore miner’s proposed debt-for-equity swap, with the fate of the scheme, and the company, now in the hands of shareholders who will vote next week.
BHP Billiton spinoff South 32 has cut third quarter production at several businesses but remains on track to meet its full-year guidance across all its units.
Perth-based junior miners MOD Resources, Primary Gold and Alloy Resources have announced plans to raise a combined $10.4 million to fund ongoing work at their respective projects
BHP Billiton has cut its iron ore production target for the second time this year, on account of lower expected output at its operations in the Pilbara.
Rio Tinto has reaffirmed its guidance for iron ore shipments in 2016 but slashed production guidance for next year after saying it was facing delays with its AutoHaul driverless trains project in the Pilbara.
Rio Tinto will supply China's Sinosteel with 70 million tonnes of iron ore over the next five years after extending the companies' joint venture in Western Australia.
The gold sector has continued to be positive for investors and stockbrokers, with a $12.5 million capital raising announced today by West African Resources adding to more than $150 million worth of deals launched by Western Australian companies this year.
Mining giant Rio Tinto has backed down from its decision to double the payment period on its supply contracts after widespread criticism from politicians and an outcry from suppliers.
Japanese miner Sumitomo Metal Mining Oceania has met its funding commitment conditions to acquire a further 20 per cent stake in Gold Road Resources’ South Yamarna joint venture project.
The state’s building commissioner says contractors and suppliers need to be paid within 50 days, as controversy over the extension of Rio Tinto’s payment terms continues.
Fortescue Metals Group says it is running ahead of its production target and may be able to increase its full-year guidance, but has cautioned it may not hit its cash cost target.
Alumina giant Alcoa could be on the cusp of a strong growth period, yet significant challenges remain in its way in ensuring it can keep up with low-cost global competitors.
Prime Minister Malcolm Turnbull says he will raise mining contractors’ concerns with Rio Tinto over the mining giant’s move to double its standard payment terms, while premier Colin Barnett went further, saying its move was not fair or reasonable.
There may have been a breach of corporate duties at Queensland Nickel, according to the company's administrators, which have recommended the Clive Palmer enterprise be liquidated.
Mining camp operator Sodexo has pledged to create 400 new jobs for indigenous Australians after becoming the latest company to join the federal government’s employment parity initiative.
Recently revived Eastern Goldfields has called on the Department of Mines and Petroleum to withdraw a request for $8.6 million worth of the company’s bonds.
Local explorer Gascoyne Resources has tapped investors for a $15 million capital raising to fund ongoing work at two of its gold projects in Western Australia.
Suppliers to Rio Tinto face more financial pain after the global mining giant said it would double its standard payment terms to 90 days – twice as long as the average Australian business takes to pay its bills.
ANALYSIS: WA potash hopefuls may have the backing of some high-profile local mining entrepreneurs, but startup costs and a worldwide product glut are major barriers.
Global alumina producer Alcoa World Alumina and Chemicals has announced contracts for more than $350 million in bauxite exports, but the ore will not be sourced from any of its Western Australian mines.
