Mineral Resources has formally commenced its $3 billion Onslow iron ore project and flagged further rapid growth in the business while also reporting a sharp fall in annual profit.
Andrew Forrest’s Wyloo Metals will make its first move into rare earths by backing ASX-listed aspiring producer Hastings Technology Metals for $150 million via a convertible notes arrangement.
A contractor of failed builder Pindan claims its decision to work on Rio Tinto’s $90 million Gudai-Darri mine camp has cost it $3 million, as it gears up to claw back the facilities it supplied.
The Amanda Lacaze-led miner is celebrating a record profit on the back of higher rare earths prices ahead of a year of big investment into expanding production capacity.
Wesfarmers boss Rob Scott has announced a “solid” full-year profit, and expressed concern about labour shortages and cost uncertainty affecting new investments, but is positive about next week's jobs summit.
Shares in Strike Resources fell 22 per cent following a decision to put iron ore deliveries on hold due to lower commodity prices, despite celebrating its maiden shipment this week.
Mining Minister Bill Johnston has vowed to safeguard the state’s tenements register amid backlash from industry and legal professionals over a court ruling that threatens to nullify a host of permits.
Mount Gibson Iron has disclosed that repairs to its Koolan Island processing plant will take at least four months, affecting its planned increase in iron ore sales.
Iluka Resources has recorded a 185 per cent leap in net profits amid falling global supply options for mineral sands, but says future sales could be bound by production capacity.
Westgold Resources has braced investors for a hefty write-down across several assets ahead of its full-year results this week, mirroring a similar update by fellow mid-tier Ramelius Resources.
Growing demand for lithium raw materials has boosted Pilbara Minerals’ sales revenues by more than $1 billion in 12 months, delivering the company’s first full-year profit.
Claims of insider trading and delivering $8 million in contracts to associates have been lobbed by MinRes against sacked manager-turned-’whistleblower’ Steven Pigozzo.
A Pindan contractor allegedly left $1 million out of pocket by the company’s collapse is now pursuing Rio Tinto for the cash, demanding it hand back the facilities at Gudai-Darri.
OreCorp has talked up the prospects for its Nyanzaga gold project in Tanzania despite revealing a big increase in expected pre-production capital costs.
MACA has reported a $42.8 million net profit due to a strong pipeline of work across WA’s resources sector, but is providing few details on the status of a much-discussed takeover.
Gold Road Resources has bumped up its stake in De Grey Mining to nearly 20 per cent via Credit Suisse but says a takeover attempt is not on the cards yet.
Two projects in the Mid West will potentially hinge on the outcome of a WA government tender for a new desalination plant, following a market-led proposal by AGIG.
MACA has told investors that a merger proposal made public by contracting rival NRW yesterday is not superior to an all-cash takeover on the table from Queensland-based Thiess.
Australia's biggest gold miner Newcrest Mining has posted a drop in full-year profit for 2022 and warns of ongoing global cost pressures and labour shortages.
NRW Holdings says its $375 million bid for WA’s largest mining services business MACA was rejected despite putting in a higher offer than rival bidder Thiess.
Kalium Lakes has copped a 50 per cent haircut on its share price to raise $22 million in much-needed capital for its Beyondie sulphate of potash project.
Balcatta-based civil contractor RJV has acquired competitor Buckby Contracting in a deal set to further strengthen the company’s position in the Western Australian market.
Mining industry veteran Ian Burston, who held numerous executive and board roles in Western Australia across five decades and received multiple awards, has died aged 87.
BHP’s petroleum boss Geraldine Slattery will lead the company’s Australian operations, replacing Edgar Basto who will become the company’s first chief operating officer.
Mount Gibson Iron is assessing the damage caused by a fire at its Koolan Island operation last week and forewarned investors of a $150 million write-down on the asset due to waning commodity prices.
