Vulcan Energy Resources is one step closer to securing $825 million from European Investment Bank, to finance the first phase of its zero carbon lithium project.
Sandfire Resources has recorded a loss after tax of $US53.9 million, equivalent to $82.1 million, with the $US1.9 billion acquisition of the Matsa mine cited as the primary reason.
Diversified Perth-based contractor Duratec says it is well positioned for further growth after reporting a 56 per cent net profit increase for the first half of the 2024 financial year.
BHP has pushed back plans to build a 1,152-person camp to house nickel workers as the miner mulls the viability of a $750 million upgrade of its Kalgoorlie nickel smelter.
Chris Ellison’s Mineral Resources is closing its cheque book to juniors in the lithium sector but is still keen on inking deals with gold miners for battery metals rights.
Revenue at goldminer Red 5 increased by 77 per cent in the first six months to December 31 2023 as the listed company moves closer towards its proposed merger with Silver Lake Resources.
Ora Banda Mining has accused Greenstone Resources and Ian Gandel’s Riverina of blocking the final sign off for the junior miner’s $26 million joint venture deal with Wesfarmers Chemicals.
Fortescue is set to pay out $3.32 billion in dividends after a substantial lift in its interim profit, with the biggest beneficiaries being Andrew and Nicola Forrest.
Buoyant gold prices have delivered record earnings for Super Pit owner Northern Star Resources despite mounting cost pressures bumping up the miner’s production costs.
IGO has recorded a 53 per cent plunge in profit in the first half of this financial year, while having to deal with its Cosmos nickel mine and Kwinana refinery joint venture.
Glencore appears set on keeping its WA nickel mine running despite the metal’s unprofitability forcing one of the miner’s other nickel operations into care and maintenance.
Rio Tinto’s iron ore business delivered a stronger profit last year but was an exception, with lower commodity prices and higher operating costs battering every other business unit.
Administrators have been appointed to privately owned battery metals play EVM Nickel, which holds nickel rights on a series of tenements near Meekatharra.
Global Uranium and Enrichment has finalised the sale of its 80 per cent stake in the Lake Johnston lithium project to NSW-based Intra Energy Corporation.
Iluka Resources has confirmed the cost of its Eneabba rare earths refinery will be near the top end of its guidance range, while also reporting a slide in annual profit.
Gold producer Silver Lake Resources recorded solid gains during the first half of the 2024 financial year, amid its planned merger with fellow mid-tier entity Red 5.
Ramelius Resources' revenue jumped 14 per cent during the first half of the 2024 financial year, ensuring the gold miner generated a record $348.5 million.
Metals Acquisition Limited has made a strong debut on the Australian stock market after raising $325 million, claiming the title of the largest mining listing in more than five years.
Perth contractor Mader Group reported a revenue record in the first half of the financial year, delivering a 34 per cent increase to $374.4 million off significant US business growth.
BHP says it could be several months before deciding the fate of its nickel division as the federal and state governments weigh additional support to keep the embattled sector alive.
Western Australian contractors and mining services providers have detailed the impact of the nickel industry woes in half year results reported to the market.
Finland-based Metso Corporation will provide several pieces of crushing and grinding equipment for De Grey Mining's flagship Hemi gold project in Western Australia's Pilbara region.
BHP has reported a sharp fall in its interim profit as a result of asset write-downs but a strong performance in its WA iron ore business has helped to maintain underlying earnings.
Administrators for Wiluna Mining have outlined a plan to possibly restart mining operations, as the collapsed miner remains subject to a deed of company arrangement.
Mineral exploration company Cosmo Metals has elected to exercise its option to acquire 100 per cent of the Kanowna gold project from La Zarza Minerals, subject to shareholder approval.
The state’s nickel miners will receive a 50 per cent royalty rebate over 18 months, as the government looks to mitigate the disastrous impact of the metal’s recent price collapse.
