News Articles for IGO

Stakeholders in Sirius Resources have shown their support for the proposed acquisition by Independence Group, with three recommendations passing by an almost unanimous vote.

Perth-based exploration company Ventnor Resources has struck gold at its Black Dragon project north of Kalgoorlie.

Higher gold sales and lower exploration spending have boosted diversified miner Independence Group's full-year net profit by 58 per cent to $77 million.

Gold is a rare bright light in the mining industry, with major changes during the past two years to be followed by the opening of multiple new mines and more M&A deals. Click through to find the special report, which ranks WA producers, and looks at Gold Corp, executive pay, and new gold projects.

Upwards of 130 corporate finance transactions worth more than $11 billion were announced in WA in the June quarter, but most notable was a handful of landmark M&A deals.

West Perth-based explorer Legend Mining will buy a large block of land in the Fraser Range and form an exploration joint venture with the highly successful prospector Mark Creasy.

Most investors have given up on iron ore, recognising it as a game that can only be played by the biggest mining companies.

Sirius Resources, which is in the middle of a takeover by Independence Group, has formally awarded GR Engineering Services a $114 million engineering, procurement and construction contract at its Nova nickel mine in the Fraser Range.

An expanded Independence Group would hope to eventually enter the ASX100, chief executive Peter Bradford told a Western Australian Mining Club lunch yesterday.

Japanese miner Sumitomo Metal Mining Oceania has formally acquired a 30 per cent stake in Gold Road Resources' South Yamarna joint venture project.

Base metals miner Independence Group has emerged as the buyer of a small stake in Gold Road Resources, after a Canadian company sold down its holding.

Sirius Resources has signed an offtake agreement with Dutch commodity trading company Trafigura for copper from its Nova mine in the Fraser Range.

Shares in local gold miners have dominated on the ASX today after the spot price for the precious metal jumped by over 2 per cent overnight to $US1,203.30 an ounce

Subiaco-based gold producer Northern Star Resources will become Alchemy Resources' largest shareholder by purchasing the company's Hermes deposit in the Bryah Basin for $1.45 million.

Gold and nickel producer Independence Group has posted a 264 per cent increase in profit for the six months to December, on the back of increased production from its Jaguar and Tropicana operations and at lower costs.

Five Western Australian companies have sought to manage costs by cutting either salaries or board positions during the past month.

Sandfire Resources has filed proceedings in the Federal Court against the Centre for Australian Ethical Research over media releases published on its website last month, which Sandfire argues contained “misleading and deceptive” information.

Money is moving out of iron ore but where it goes next is the more interesting question, because it seems that some investors are developing a taste for agriculture – a shift that might prove to be a case of leaving the frying pan to land in the fire.

Liberty Resources has announced its intention to exit the mining industry by entering into an option agreement to acquire local IT firm Cirrus Networks for an undisclosed amount.

Heath Hellewell has joined the board of South Australia-based Core Exploration as an independent non-executive director.

Investor interest in base metals stocks is rising, as iron ore process continue to slide south.

Gold and nickel producer Independence Group has raised its full-year profit by 60.7 per cent to $46.6 million on the back of the production commencement at Tropicana and an improved nickel price in the second half of the year.

AngloGold Ashanti has become the first gold miner to sign up to the Fifo Families social support and education program for fly-in, fly-out workers.

Copper today, nickel tomorrow?

AngloGold Ashanti Australia has signed a $140 million agreement with natural gas infrastructure company APA Group for the transportation of natural gas to the Sunrise Dam and Tropicana gold mines in Western Australia.

Exploration and mining company Independence Group has exceeded guidance for production of nickel, zinc and copper at its Long and Jaguar operations.

The alignment of chief executive salary packages with market capitalisation has been highlighted in Business News' latest quarterly salary survey.

BHP Billiton's divestment of its West Musgrave nickel project to Cassini Resources has had a dramatic and valuable impact on the junior miner's share price.

Gold and nickel producer Independence Group has appointed former PMI Gold executive Peter Bradford as managing director and chief executive officer.

Independence Group has provided some rare positive half-year results in the gold and nickel sectors, reporting a 30 per cent lift in net profit and lifting its interim dividend.

Perth-based Independence Group will pay up to $6.5 million to earn-in to prospective base metal tenements held by Alchemy Resources in the northern Goldfields.

The market capitalisation of Western Australia's top 100 listed companies has fallen on the back of lower commodity prices, marking an end to four months of consecutive gains.

A move by the Indonesian government to boost activity in its nickel mining sector could have a positive spin-off for Australian miners.

Independence Group has downsized forecasted quarterly gold production at its part-owned Tropicana gold mine, after producing first gold within budget and ahead of schedule.

Chris Bonwick, managing director and founder of Independence Group has resigned due to ill health.

Chris Bonwick has resigned effective immediately as the managing director of Independence Group due to ill health.

Gold and nickel miner Independence Group's managing director Chris Bonwick has taken a second stint of special leave this year.

Saracen Mineral Holdings has bolstered its board with the appointment of Samantha Tough and Geoffrey Clifford as non-executive directors, four months after launching a major cost-cutting drive on t

Swick Mining Services' underground diamond drilling division has been awarded three new contracts and renewed several existing agreements.

After a grim six months, Western Australia's gold mining sector is showing signs of flickering back to life.