A long-mooted port development at Lumsden Point adjacent to existing operations at Port Hedland has taken a step forward with the Pilbara Ports Authority opening expressions of interest for potential investors in the project.
Business News' index of 30 Western Australian stocks hit an all-time high this week, helped by solid gains by copper miner Sandfire Resources, oil and gas giant Woodside Petroleum and engineering and construction contractor Monadelphous Group.
Atlas Iron will record a non-cash impairment of up to $100 million in its full-year results after rising costs led to an operating loss in its third quarter.
Kwinana has been selected as the site for what is likely to be the fourth lithium refinery in Western Australia, with investment in the boom sector estimated to exceed $4 billion in the next few years.
Applecross-based Mineral Resources is looking to sell a 49 per cent stake in its Wodgina lithium project, as work to investigate the feasibility of a lithium hydroxide or carbonate processing plant at the site continues.
Perth-based Pacific Energy, through its newly acquired Contract Power Group, has secured a contract with Mineral Resources to build a 52-megawatt power station at the Wodgina lithium project.
Japanese group Mitsui & Co has begun the compulsory acquisition process of Waitsia gas field operator AWE, after increasing its stake in the oil and gas company above the 90 per cent threshold last week.
Atlas Iron has posted disappointing quarterly results, with discounted prices for its low-grade iron ore leaving the miner with a loss from its March production.
Diversified mining services company Mineral Resources has announced plans to acquire Atlas Iron in a scrip deal that values the iron ore miner at $280 million.
The directors of Mineral Resources and Altura Mining have enjoyed solid growth in the value of their shares over the past month, according to data on Director Shareholdings tracked by Business News.
Japanese group Mitusi & Co has gained a majority stake in Waitsia gas field operator AWE after a keenly contested takeover battle, and has now declared its $602 million offer unconditional.
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Japanese group Mitsui & Co has announced it will not extend the deadline on its $602 million takeover offer for AWE and confirmed its offer price of 95 cents per share is final.
Tawana Resources has opened the state's fifth lithium operation, with the ASX-listed company announcing today that production has started at its jointly owned Bald Hill project in the eastern Goldfields.
Mitsui & Co has announced its $602 million takeover offer for AWE will be unconditional if the Japanese company acquires more than a 50 per cent stake before March 14.
Altura Mining directors Allan Buckler and Paul Mantell and AusCann Holdings directors Mal Washer and Harry Karelis have been among a group of major Western Australian investors to have the value of their portfolios hit as markets have fluctuated in recent weeks.
Mineral Resources has announced a 16 per cent lift in half-year net profit to $163 million, helped by several one-off factors including a big revaluation of its stake in lithium miner Pilbara Minerals, partly offset by impairment charges associated with its Yilgarn iron ore operation.
Mining services company Ausdrill has received a letter of intent for a three-year contract worth $180 million with Mineral Resources at its Wodgina lithium mine in the Pilbara.
Oil and gas producer AWE has given suitor Mineral Resources three business days to match a superior proposal lobbed by Mitsui & Co, after reaching an in-principle agreement with the Japanese firm.
Japanese group Mitsui & Co. has announced a surprise $600 million takeover bid for AWE, trumping two existing bids for the oil and gas producer, with the main attraction being AWE's Waitsia gas project north of Perth.
AWE has urged shareholders to take no action on a takeover offer from the state-run energy giant China Energy Reserve and Chemical Group, which remains unchanged from its initial bid of 73 cents per share, after it lodged its bidder's statement.
Mining contractor Resource Development Group has been awarded a concrete and civil works contract worth more than $9 million at Mineral Resources' Wodgina lithium project in the Pilbara.
The state government has today approved Sinosteel Midwest Corporation's iron ore expansion project east of Geraldton, while simultaneously rejecting Mineral Resource's planned iron ore mines in the Helena-Aurora Range, after the environmental watchdog had recommended both should be blocked.
Sydney-based oil and gas company AWE has backed a revised $526 million takeover offer from Mineral Resources as the Perth-based mining outfit seeks to gain control of the Waitsia gas field in the Perth Basin.
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One-time WA iron ore miner Moly Mines, which was delisted from the ASX early this year with nearly 4,000 shareholders and $63 million in the bank, has struck a deal to buy copper stock Queensland Mining Corporation.
Mineral Resources has disclosed that its planned lithium processing projects in the Pilbara will cost in excess of $600 million to build, with managing director Chris Ellison also revealing ambitions for more downstream processing projects.
Pilbara Minerals has announced multiple changes to its Pilgangoora lithium project, with the company planning to: spend an extra $50 million on development; export unprocessed ore to boost early cash flow; and outsource ore crushing to Mineral Resources.
Mineral Resources has launched a $484 million takeover bid for oil and gas group AWE amid the ongoing battle for control of the Waitsia gas field north of Perth.
The environmental watchdog has given the green light for BHP Billiton's planned 80 million tonnes per annum South Flank iron ore development, with first ore targeted in 2021.
Mineral Resources founder Chris Ellison has raised $36.9 million from the sale of some of his shares in the mining services group, adding to a string of big share sales by WA company directors who have cashed in on strong market rallies.
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Environment Minister Stephen Dawson has endorsed the environmental watchdog's rejection of Mineral Resources' Jackson 5 and Bungalbin East iron ore project, however, the government is yet to make a final decision on the proposal.
Directors of Mineral Resources have survived a motion for a spill meeting after a second strike against their remuneration report today, as managing director Chris Ellison stood firm on mining the Jackson5/Bungalbin iron ore deposit.
