Mineral Resources today said COVID-19 has had minimal impact on its mining operations but has downgraded its forecast iron ore shipments for the full financial year, due to weather conditions having affected its Koolyanobbing operations.
The conditions that have slowed growth in WA's lithium sector won't last forever and there are some great opportunities for companies taking the long-term view.
The Kerry Stokes-backed BCI Minerals has agreed to co-fund further development of the Iron Valley mine in the Pilbara, as part of a package of deals that will see Mineral Resources buy its Buckland
Mineral Resources boss Chris Ellison has struck a deal with his brother Andrew Ellison's company to sell two of its non-core manganese assets while also providing project funding and mining services assistance.
Mineral Resources is focused on ramping-up its iron ore operations after a major restructuring last year of its lithium assets, with the company also declaring an increased dividend today.
A decision by Wesfarmers and partner SQM to pause investments at the Mount Holland mine and Kwinana refinery bring to about $3 billion the value of lithium projects deferred in Western Australia during the past year.
Businesses are facing a challenge locking in gas contracts for major projects in Western Australia, including Coogee's planned $1 billion Burrup Peninsula methanol plant, which the company is now pursuing without partner Wesfarmers.
Southern Cross Electrical Engineering has been awarded $100 million in contracts, including works with Talison Lithium, Energy Resources and MARBL Lithium.
Ten years after paying a record WA price of $57.5 million for their Mosman Park property, mining magnate Chris Ellison and his wife Tia Ellison are planning to demolish the existing dwellings and build two new houses.
At least $1.6 billion of equity has been raised by WA-linked critical minerals hopefuls in the past five years, but achieving consistent returns is another battle.
About $300 million will be invested by Mineral Resources into expansion projects in the 2020 financial year, led by moves to boost Yilgarn iron ore output nearly 50 per cent.
There's no bad news in Western Australia's battery industry, Energy Minister Bill Johnston says, shrugging off the deferral of major projects in recent months.
The $600 million Wodgina lithium project is being placed on care and maintenance, after its ownership was transferred to a joint venture between US company Albemarle Corporation and local company Mineral Resources.
Western Australia's two biggest charity events, Telethon and the MACA Cancer 200 Ride for Research, raised a collective $47.4 million for medical research over the weekend.
Click through to read Business News's annual list of WA's 20 biggest exporters, with data on companies such as Chevron, Roy Hill, Gold Corporation and Glencore.
Mineral Resources has terminated a joint venture agreement with Hexagon Resources, while Independence Group bolstered its JV deal with Buxton Resources.
A widely publicised report out today that claimed Western Australia will need 10,700 more operational workers in the mining sector by 2024 appears to be misleading, according to a review by Business News.
The number of long-serving chief executives at WA listed companies is shrinking rapidly. We look at recent retirements by several 'veteran' CEOs and a small group of individuals who have lasted more than 10 years.
Mineral Resources managing director Chris Ellison's base salary will be reduced by $300,000, as the miner's full-year net profit after tax slumped 39 per cent to $165 million.
Business News has updated its listing of WA's biggest mining projects to reflect the downturn in lithium, the dearth of new gold mines and the increasing dominance of iron ore.
Cazaly Resources has received a $20 million offer from Mineral Resources for its Parker Range iron ore project in the Yilgarn region of Western Australia.
Engineering and construction contractor Monadelphous has announced a major contract with lithium producer Albemarle, on the same day the group expressed caution about its outlook following a decline in earnings last financial year.
Galaxy Resources said it expects to record a non-cash impairment charge of between $US150 million ($222 million) and $US185 million ($274 million) for the first half of 2019, reinforcing the current bleak conditions in the lithium sector.
A $1 billlion-plus lithium refinery planned for the Pilbara has been put on hold and a second refinery under construction in the South West has been reduced in size as local company Mineral Resources and its US partner restructure their joint venture after a sharp fall in lithium prices.
Mineral Resources has secured Chinese regulatory approval for its $US1.15 billion Wodgina stake sale, and was the best performer among the ASX 200 today, despite the miner also releasing weak quarterly results.
Mineral Resources and Brockman Mining have deferred the agreement for key infrastructure works at their $300 million Marillana iron ore project by up to a year, as MinRes seeks more time to satisfy preconditions.
Construction costs for many lithium refining projects have been revised up in the past year as proponents rethink the scale and scope of their developments, with Tianqi Lithium's Kwinana project the latest to run higher than forecast.
Tim Roberts, whose estimated net worth varied wildly in three recent rich lists, has stepped away from the public limelight by resigning from the board of ASX-listed Mineral Resources.
The state is developing from a gas exporter to produce a range of energy commodities and technological innovations, with energy exports to potentially hit $50 billion in a decade.
