A Chinese company's bid to buy a stake in the Kalgoorlie Super Pit would make it the latest international player to control WA's most famous gold mine.
Pilbara Minerals has further bolstered its board with the appointment of Fortescue Metals Group director of operations Nick Cernotta as an independent non-executive director.
Sydney-based Resources & Energy Group will buy Kidman Resources' Burbanks gold mine near Coolgardie in a $4.5 million deal announced today, its second Western Australian gold project buy so far this year.
SPECIAL REPORT: A record high Australian dollar price in June has provided a tailwind for the state's gold sector, and 2017 is looking to be a similarly positive year.
Gold miner Barrick Gold today announced its intention to sell its 50 per cent stake in Kalgoorlie's iconic Super Pit, which is Western Australia's second largest gold mine.
Shares in gold hopeful Alicanto Minerals have surged on news the company has signed a $US10 million ($A14 million) earn-in agreement with Canadian mining giant Barrick Gold for its Arakaka project in Guyana.
Northern Star Resources says it will consider the sale of its Plutonic gold mine near Meekatharra after receiving a number of unsolicited offers from interested parties.
SPECIAL REPORT: One of the few positives in a tough year for business was the gold sector, and at the forefront was Northern Star Resources, under the leadership of Bill Beament.
Gold miner Northern Star Resources has outlined plans to spend $50 million next year on exploration activity, after announcing a high-grade gold discovery on the Millennium tenement at its Kundana project near Kalgoorlie.
Western Australia's gold producers continue to suffer at the hands of a strengthening Australian dollar, with more job losses revealed across the sector last week.
There is a fine line between success and failure in the minerals exploration game, however Bentley-based firm HiSeis is helping companies to hit pay dirt faster and more frequently.
Northern Star Resources has continued its aggressive expansion strategy, announcing it will buy the Jundee gold mine in Western Australia from Newmont Mining for $82.5 million.
Masked by the delay in plans to merge Barrick Gold and Newmont Mining to create a $33 billion global gold mining giant is another sign that Western Australia's resources industry is losing its international investment appeal.
Northern Star Resources is planning one more acquisition after two recent purchases and an “aggressive” strategy made it Australia's fifth largest ASX-listed gold producer.
Northern Star Resources has been recognised for excellence in the resources sector, winning the fourth annual Craig Oliver award at the RIU Explorers Conference.
Northern Star Resources has confirmed it will enter into a hedging program for almost a third of its forecast gold production over the next 12 months as concerns over price volatility continue to linger across the sector.
The value of mergers and acquisitions in the Western Australian gold sector over the past 12 months has reached close to $650 million, analysis by Business News has found.
Northern Star Resources looks set to emerge as the fifth biggest gold mine operator in Western Australia following its $75 million acquisition of Barrick Gold's majority stake in the East Kundana joint venture and the Kanowna Belle mine.
If nothing else, Bill Beament has just cemented for himself a place in Australian business history by placing one of the biggest bets ever on the future price of gold – and possibly on the future value of the Australian dollar.
Saracen Mineral Holdings has purchased the Thunderbox gold project from Norilsk Nickel for $23 million, in a deal which could double the company's production to up to 270,000 ounces per year.
SPECIAL REPORT: The past 12 months have been tough for WA's corporate finance professionals, but there is cautious optimism that 2014 will be a different story.
Northern Star Resources expects to almost double its annual gold production to more than 200,000 ounces following its $25 million purchase of the Plutonic gold mine from Barrick Gold.
The recent publication of two listings of influential business leaders provided food for thought about the growing international influence on Western Australia.
The sale of 16 private businesses worth an estimated $500 million helped to sustain activity in what was otherwise a depressed market for mergers and acquisitions in the September quarter in Western Australia.
This week in Business News: Woodside Petroleum makes progress in its floating LNG projects. This week's print edition looks at emerging opportunities for Indigenous businesses. Gold Fields announces the acquisition of 3 gold mines in the Yilgarn region
South African miner Gold Fields will splash $US300 million purchasing Barrick Gold's Granny Smith, Lawlers and Darlot gold mines in the Yilgarn region, near Southern Cross, and plans to integrate t
The fun started early at the annual Diggers & Dealers forum in Kalgoorlie yesterday with delegates bravely predicting a higher gold price, to which the market responded by driving the gold pric
Business News for Western Australia. Thursday August 1. Shanna Crispin reports. Office vacancy rate increases. Perth house prices take a slight fall. Strike Energy raises $9.2 million and more.
A slowdown in the mining sector could have positive flow-on effects for employers in other industries, Business News' annual survey of the state's 100 largest employers has found.
