Mining

Perth business Ardea Resources has secured funds through a share placement to continue exploring its Kalgoorlie nickel project.

Goldminer Regis Resources has said it won’t declare an interim dividend for the 2022 financial year after its first-half profit fell almost 70 per cent.

Shares in Carawine Resources rose 33 per cent following an all-cash takeover bid from Christopher Wallin-affiliated company QGold, which also took up a large stake in the explorer.

WA house prices may escape a predicted slide due to several factors, include the state’s acute labour shortage.

MACA’s revenues and earnings were driven by a strong pipeline of work during the half year despite a stifled labour market.

Revisions to Hastings’ rare earth project have more than doubled its forecast return to $1 billion, but higher labour and commodity prices have run up capital costs by $142 million.

With its Western Areas acquisition still in progress, IGO has responded to media speculation surrounding a copper mine deal with Glencore.

The pace of the WA’s Environment Online rollout is too slow, the state opposition said today, while the federal government has announced $47 million for a national digital approvals platform.

NRW Holdings has reported steady earnings and revenue for the six months to December, sending the Perth contractor’s shares up by more than 15 per cent.

Andrew Forrest’s Wyloo has agreed to back IGO’s $1.1 billion purchase of Western Areas as well as collaborate on nickel downstream processing opportunities under a newly formed partnership.

Fortescue Future Industries has hired Minderoo Foundation deputy chief executive Felicity Gooding as commercial general manager amid leadership changes at the company.

Bill Beament-led Develop will pay up to $100 million for Heron Resources and the Woodlawn copper-zinc mine in NSW, seven months after the developer went into administration.

Subiaco-based SRG Global has secured work on three goldmines, including a satellite deposit near Red 5’s Darlot operation in Western Australia.

Surging construction activity in the lithium sector will provide increased opportunities for local workshops and sub-contractors.

Rio Tinto will release documents to MinRes after being dragged into the Chris Ellison-led company's row with Destec over confidential information claims.

Liontown has struck a five-year lithium concentrate supply deal with electric vehicle manufacturer Tesla.

Fortescue took a 32 per cent hit to profits and has trimmed its interim dividend after a volatile iron ore market during the first half of the financial year.

Peregrine Gold shares surged nearly 23 per cent on the news that seasoned mining investor Mark Creasy would take up a substantial stake in the Pilbara-focused explorer.

Mincor Resources’ ambitions to resume nickel production by the June quarter have progressed after delivering its first nickel ore to BHP Nickel West’s Kambalda concentrator.

Billions of dollars of developments have waited years for approvals as regulators become more conservative and appeals add to delays.

BHP has increased its interim dividend after reporting a big increase in half-year profit and says higher inflation will be a long-term positive for its business.

Perth engineering company Monadelphous has secured a number of new contracts and extensions, including with Woodside and South32.

Shenghe Resources is set to become a major shareholder in Tanzania-focused Peak Rare Earths after buying a 19.9 per cent stake in the company for well above market price.

Belmont-based NRW Holdings has announced a number of new contracts, including for work on the state government’s $140 million smart freeways project.

West Perth-based Allup Silica is looking to take its four exploration projects to the ASX in March on the back of a $5 million capital raising.

Perth business Western Plant Hire is expanding its mining services fleet, having partnered with heavy earthmoving equipment and services provider MacKellar Group.

Latest figures from Northern Star have captured the first full reporting period since its mega merger with Saracen Minerals, with earnings up and production on track.

Subiaco-based SRG Global has booked a five-year contract valued at $150 million for drill and blast services at SIMEC Mining’s iron ore operations.

Cryptocurrencies are struggling as inflation and interest rates worldwide start to rise.

Rockingham-based WA Kaolin has garnered $12 million via a placement and loan facility to fund the second stage of its Wickepin kaolin project southeast of Perth.

The Perth Mint has started 2022 with its best month for silver bullion sales in over six years and the second-best month in its history.

Mineral Resources shares dropped more than 10 per cent after the company reported its worst first-half financial result in three years, leaving investors without an interim dividend.