Almost 80 per cent of mining executives believe the industry can meet growing demand for clean energy minerals, according to a recent global survey from KPMG.
Northern Minerals has been awarded $5.9 million as part of the Australian Government's Critical Minerals Development Program. Management says the funding will go towards key work programs at its Browns Range rare earths project in Western Australia's East Kimberley region, including resource definition drilling at its Wolverine deposit, advanced front-end engineering and design and early work activities.
Iluka Resources boss Tom O'Leary has applauded the federal government's efforts to foster downstream processing in Australia, saying growth ambitions ‘should not be constrained by geopolitical tensions'.
The pipeline of big resources projects in WA increasingly features complex processing plants, despite a spate of large cost blowouts on projects currently under way.
Sierra Rutile could be more than $6 million out of pocket after unsuccessful attempts to appeal a 2021 Sierra Leone High Court decision that found the ASX-lister allegedly damaged logistics equipment.
Heavy rare earths player Northern Minerals has appointed GR Engineering Services and MACA Interquip to conduct early phase engineering and design work for its proposed commercial-scale beneficiation plant at Browns Range, in the north of WA. The company considers the operation's Wolverine resource to be amongst the nation's highest-grade dysprosium and terbium orebodies and says the looming award of the contract is a key step in updating its definitive feasibility study for a full-scale processing hub.
Arafura Rare Earths says its Nolans project has the capacity to deliver strong financial returns after releasing a study with higher costs but increased revenue.
Northern Minerals has secured a $3.9 million refund from the ATO as part of the Federal Government's research and development tax offset scheme for a suite of activities completed at its Browns Range pilot plant project in the Pilbara. The reimbursement follows ongoing trial beneficiation and hydrometallurgical work that is aiming to further the company's expertise in the processing of its heavy rare earths.
Northern Minerals has inked a deal with Iluka Resources to supply the company with rare earths concentrate from its Browns Range project in northern WA. The agreement covers the asset's initial 8-year-plus mine life and includes the supply of 30,500 tonnes of contained total rare earth oxides. The deal also includes a $78 million funding package with Iluka to establish commercial-scale production at the project.
Iluka Resources has inked the first offtake deal for its $1.2 billion Eneabba rare earths refinery, in a move which could allow it to up its stake in Northern Minerals to 19.9 per cent.
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.
UPDATED: US engineering giant Fluor has been contracted to deliver a $1.2 billion rare earths refinery in WA while Perth firm Clough has been selected for a big vanadium project.
Tony Grist, Gavin Rezos and Stephen Langsford are prolific dealmakers - they share the lessons they've learned over three decades and explain what they look for in new investments.
A bid by one of Australia's largest mineral sands producers to revive a mine proposal in the state's South West will be subject to the highest level of scrutiny by the environmental watchdog.
On today's episode of At Close of Business, senior editor Mark Beyer offers highlights from his recent conversation with Rob Cole following his appointment as chair of Iluka Resources.
The newly appointed chair of Iluka Resources details how he handles his busy board portfolio. This feature includes our listing of Perth's busiest company directors.
Iluka Resources intends to demerge its rutile business in West Africa, while Northern Star is set to pocket $44.5 million from divesting two gold projects.
Josh Frydenberg has used a post-budget speech in Perth to reinforce his government's commitment to WA's share of GST revenue and warn about national security complacency.
Iluka Resources plans to proceed with construction of Australia's first fully-integrated rare earths refinery at Eneabba, with the federal government to provide most of the funding.
ANALYSIS: The $243 million critical minerals package announced today adds to a seemingly neverending flow of federal government grants and cheap loans for commercial projects.
Our board moves wrap includes Greg Martin, Robert Cole, Adam Taylor, Emma Curnow, Patricia Vanni de Oliveira, Richard Little, Ray Ridge, and Avon McIntyre.
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.
Iluka Resources shares lifted after a class action brought against it before the Federal Court was dismissed and its Tutunup mineral sands plan progressed with the EPA.
Hastings Technology Metals has received federal government backing to the tune of $140 million to build its Yangibana rare earths project in Western Australia's Gascoyne region.
Iluka Resources has reported a big cost increase at its phase 2 rare earths project at Eneabba as it finalises a feasibility study on a much larger rare earths refinery.
ASX-listed companies have detailed roughly $2 billion in JobKeeper payments spanning the last two financial years, with only a handful making voluntary repayments.
Our board moves wrap includes Andrew Law, Joseph van den Elsen, Ben Martin, Sue Wilson, Rudolf Tieleman, Neville Bassett, Robert Spadanuda, and Bert Mondello.
Mineral sands miner Iluka Resources has started work on three new projects while continuing to assess development of a fully integrated rare earths refinery north of Perth.
Eight businesses including Lynas Rare Earths, Albemarle Corporation and Australian Vanadium have secured nearly $50 million in federal government manufacturing grants.
Iluka Resources managing director Tom O'Leary says he is excited about the opportunity in the rare earths sector, which will attract greater focus after the recent demerging of Iluka's iron ore royalties.
