Mining

The average realised price of spodumene concentrate from Pilbara Minerals’ Pilgangoora lithium project fell 50 per cent in the December quarter, but the company is optimistic about the commodity’s future.

Oil and gas exploration company Invictus Energy is set to raise $15.2 million in a bid to expand operations at its Cabora Bassa project in northern Zimbabwe.

Fortescue has officially farewelled former Prime Minister Malcolm Turnbull as a director, in a move first flagged in September.

ASX-listed De Grey mining announced on Tuesday it had shortlisted 11 global financial lenders to potentially bankroll its Hemi gold project.

BHP will fund six companies, including two based in Perth, more than half a million dollars each under its Xplor accelerator program.

Gold exploration aspirant Auric Mining said on Tuesday it plans to resume activities at its promising Jeffreys Find gold mine in March.

BHP has appointed Tim Day to run its iron ore division, as it prepares for Brandon Craig's transfer as announced by the major miner late last year.

Delta Lithium has reassessed its capital allocations amid a downturn in the lithium market, the company announced in its recent quarter report.

Iluka Resources announced on Tuesday that its mineral sands sales over 2023 were down by 139,100 tonnes from the previous year, despite a production increase of 47,800 tonnes during the period.

Chris Ellison’s Mineral Resources has boosted its stake in Kali Metals to 14 per cent, about a week after acquiring an almost 10 per cent shareholding.

BHP’s Nickel West division has revealed it will move part of a processing operation in Kambalda to care and maintenance after Wyloo Metals – a major customer – stopped mining nearby.

Toro Energy is poised to further develop its flagship Wiluna uranium project after announcing on Monday it had successfully completed a $12.3 million capital raising.

Sheffield Resources shares rose slightly on Monday, following news that quarterly construction and production activities at the Thunderbird mineral sands project in Western Australia's west Kimberley region had finished on time and on budget.

Liontown Resources shares drifted to 88.5 cents per share today following an update of its $760 million debt funding package for the Kathleen Valley lithium project.

Perseus Mining will launch an off-market takeover bid for OreCorp, initiating a battle with Canadian company Silvercorp Metals for control of the Subiaco-based gold developer.

Chalice Mining has flagged a 40 per cent cut in its spending, citing weak market conditions in nickel and platinum group metals sectors.

Lynas Rare Earths has announced a fall in its quarterly production and revenue streams, citing a temporary shutdown at its Malaysian processing plant.

Andrew Forrest’s Wyloo Metals has pushed pause on its Kambalda nickel operation, a week after a major nickel mine in Ravensthorpe was suspended.

Leo Lithium announced late on Friday it had sold a 5 per cent stake of its Goulamina lithium project to Chinese-based Ganfeng for $98 million, as discussions with the Malian government regarding a negotiated settlement continue.

The Federal Court has approved a six-month extension sought by administrators of collapsed miner Panoramic Resources as they examine the dozens of expressions of interest to buy.

West Perth-based AVZ Minerals has secured an interim win in an ongoing international arbitration against the Democratic Republic of Congo over a mine licence.

The tie-up of two Mid West vanadium mine hopefuls will delay construction of a proposed critical minerals processing plant near Geraldton.

A former Breight Group manager has launched legal action against three of the company’s shareholders over a 15 per cent shareholding estimated to be worth up to $7.5 million.

WA1 Resources is rattling the tin for $40 million to fund drilling and exploration work at its flagship West Arunta project in the Gibson desert.

Versatile mining company Perenti announced on Thursday it had gained an additional $420 million in contract extensions, building on its recent underground mining business gains.

It has been a torrid start to 2024 for WA's nickel miners as ESG credentials appear to take a backseat to low prices for some manufacturers amid global cost of living pressures.

BHP has become the latest nickel producer to review its operations in response to the market downturn, while its iron ore business has reported a lift in quarterly production.

US-listed Alcoa Corporation will increase the amount it spends on alumina product by around 50 per cent in 2024, as it covers the output of its Kwinana refinery closure.

The dramatic downturn in the battery metals sector has forced Albemarle to slash spending, with one casualty being the planned expansion of its Kemerton lithium refinery.

US company Albemarle has appointed brokers to sell its stake in Liontown Resources, three months after Hancock Prospecting effectively blocked its $6.6 billion takeover bid.

The boss of WA’s most advanced prospective vanadium miner says manufacturing batteries in Australia is “very achievable” as he toasts the launch of a major new processing plant.

Cosmo Metals announced on Wednesday it plans to acquire complete ownership of the Kanowna gold project from La Zarza Minerals, after signing a terms sheet.