Mining

Global Lithium secured new investment from Mineral Resources, Pantoro is set to bank $45 million ahead of planned first gold production, while Westgold raised $100 million to step up output.

Engineering services company DRA Global has emerged out of a week-long break from trading advising its chief executive of three years will step down.

Salt Lake Potash’s Lake Way project, which was predicted to be one of the first producing potash assets in the state before its collapse last year, has been put on the market by receivers.

Mining industry veteran Nathan McMahon has passed away at the age of 51, just days after leaving the board of the company he founded, Cazaly Resources.

Western Areas co-founder and former managing director Julian Hanna said he was excited to return to a promising nickel and base metals exploration story.

Shares in the Subiaco-based company were up as much as 20 per cent in early trade after adding substantial tonnage to its core manganese asset in East Pilbara.

Vimy Resources has completed a deeply discounted capital raising to fund work on its two uranium projects, one week after a strategic review failed to unearth a new partner.

The state government will draft a framework for local carbon capture and storage, while it works on its own plans for a 2030 emissions target.

John Van Der Wielen, Ivy Chen and Larry Lopez will head up a $100 million state government program launched to attract investments to potential growth industries.

Kerry Stokes-backed BCI Minerals has lodged significant amendments with the environmental watchdog to expand its $1.2 billion Mardie Project in a bid to increase production capacity.

Paladin Energy chair Cliff Lawrenson and non-executive director Peter Watson offloaded a combined 4.5 million shares in the uranium company last week.

Pharmacist and entrepreneur Emma Hanh Ma and Koori woman and mining boss Amanda Healy have been inducted into the WA Women’s Hall of Fame under the business category.

Dundee Corporation has upped its stake in Ausgold under a 4 cents per share capital raising, under which the explorer gained a new institutional investor.

The state’s tax collection agency has lodged a winding up order against AvidSys, three months after related Avid entities entered administration.

Ronald McDonald House Charities WA, a new Rare Care Centre at Perth Children’s Hospital and the Perth Lynx are the beneficiaries of three recent sponsorship agreements.

Santos chief executive Kevin Gallagher has scrapped his short-lived plan to join the board of Mineral Resources, leaving him with a dented reputation.

Shares in the Chile-focused copper play closed 16 per cent higher after confirming its biggest shareholder had reserved more than half of copper output from its Costa Fuego project.

Peter Wade has stepped down as Mineral Resources’ non-executive chair after spending a decade in the role and 23 years overall with the WA iron ore play.

WA’s internal economy grew just 0.1 per cent in the December quarter as spending on mining equipment slowed, while national GDP rose 3.4 per cent.

Atlas Iron’s Miralga Creek mine has produced its first iron ore, with the project built by a joint venture including Indigenous contractor East West Pilbara.

IGO has walked away from talks first reported last month regarding Glencore’s CSA copper mine in New South Wales without a commercial agreement.

Gina Rinehart-led Hancock Prospecting’s Mulga Downs iron ore project will be subject to a major review by the environmental watchdog.

Sandfire Resources has cited stronger copper prices and operational performance in posting a 24 per cent increase in net profit to $US55.2 million over the first half of the financial year.

Perseus Mining has struck a friendly $C219 million deal to acquire full ownership of Canada’s Orca Gold Inc, which owns 70 per cent of a development project in Sudan.

Two former directors of collapsed Capital Mining have faced court accused of dishonestly using their position to gain $2.6 million.

Record sales and a buoyant market have led to Lynas Rare Earths reporting a 286 per cent increase in first-half profit to $157 million.

Australian Gold Reagents has flagged a significant expansion to its sodium cyanide plant in Kwinana in efforts to keep up with increased demand for gold.

Rio Tinto will shell out its highest dividend ever after delivering a record $US21.1 billion ($A29bn) profit for 2021.

Nev Power has stepped down as chairman of Perth Airport and taken a leave of absence from Strike Energy and APM, ahead of his sentencing for breaching COVID travel rules.

Peel Mining is seeking to raise $23 million to advance its South Cobar copper project in NSW while making a number of board and management changes.

The explorer-turned lithium producer delivered a maiden profit but downgraded its production forecast for the second time in two months.

WA contractors Monadelphous and Perenti both enjoyed improved revenues during the first half of the financial year, but labour and productivity constraints continue to hamper the sector.