News Articles for Mineral Resources

Mining software provider K2fly has reported revenue of $5.4m for the second half of 2022 – a 19 per cent rise on the company's revenue for the same period in 2021. The company has products at work in 62 countries and regards its revenue growth as testament to the success of its strategy of focusing on Tier 1 and 2 global mining companies.

The Environmental Protection Authority has found Mineral Resources' plan to build a 125-kilometre road adjacent to Andrew Forrest's Minderoo Station is unlikely to have any ‘material' impact on nearby pastoral operations.

Rationalisation of WA's domestic gas sector has taken another step with Mineral Resources securing control of its joint venture partner Norwest Energy.

Leading lithium producer Albemarle has skyrocketed its fourth quarter net sales by 193 per cent after hiking the price and production of lithium.

Origin Energy has agreed to assign its interests in joint venture exploration permits in WA's Canning Basin, including the massive Rafael gas and condensate discovery to Buru Energy for no upfront payment. Origin will also pay Buru up to $4 million to fund a 3D seismic survey for its gas and condensate discovery Rafael 1.

Kerry Stokes-backed Beach Energy has reported a drop of more than 10 per cent in its estimated Perth Basin gas reserves after undertaking a drilling campaign at Waitsia.

US-based Albemarle Corporation has forecast a growth in lithium demand and is planning an expansion to its global operations, including Western Australia.

Chris Ellison-led Mineral Resources has pushed back the expansion of its Mt Marion lithium project due to labour shortages and delayed supply of processing equipment.

Matt Mckenzie and Jordan Murray discuss Singapore, and Perth's brand as The City of Lights.

Norwest Energy directors have unanimously recommended shareholders accept Mineral Resources' improved $497 million takeover offer after previously pushing to reject a lower bid.

A string of major contract wins with mining heavyweights Rio Tinto, Mineral Resources, Anglo America and ArcelorMittal Mining UK has seen mining software provider K2fly achieve record highs for the December quarter in its core financial metrics. Sales of $2.8 million for the quarter were up 33 per cent from the same period last year and the company also hit historic highs in the all important “annual recurring revenue” metric.

Mineral Resources' leader Chris Ellison has called on Norwest Energy shareholders to accept his “generous” $431 million takeover offer after the target's board recommended rejecting the bid.

Roy Hill has lodged plans to expand its Pilbara rail network as it aims to hit 100mtpa production and build long-awaited third-party export infrastructure.

Chris Ellison's Mineral Resources has said its 19.2 per cent stake in Warrego Energy is “strategic”, and claimed gas assets in the Perth Basin are now overpriced.

Chris Ellison-led Mineral Resources has increased its stake in Warrego Energy to 19.2 per cent boosting its capacity to determine the final outcome of the takeover battle.

Perth-based Buru Energy has received a shot in the arm with the granting of two additional exploration permits regarded as highly prospective for petroleum in WA's onshore Carnarvon Basin. The permits will be licensed to a joint venture of Buru and a Mineral Resources' subsidiary, EnRes and lie south of the Pilbara coastal town of Onslow.

JV partners Buru Energy and Mineral Resources' subsidiary Energy Resources have become the largest acreage holders in the onshore Carnarvon Basin and Merlinleigh Sub-basin.

Woodside Energy and BHP have donated $2.75 million towards the Kimberley floods relief effort.

Warrego Energy bidders Hancock Prospecting and Strike Energy have traded blows over the takeover battle for the Perth Basin gas play after Strike's off-market bid opened.

Major resources companies have joined the Kimberley floods recovery effort by donating $3.8 million to the Lord Mayor's Distress Relief Fund Appeal.

The Norwest Energy board has recommended its shareholders reject Mineral Resources' takeover offer, claiming the $403 million bid was “opportunistically timed”.

UPDATED: Warrego Energy has taken the unusual step of publicly criticising the two bidders for the company while Mineral Resources has revealed a 16 per cent stake.

Gina Rinehart's Hancock Prospecting has launched what is effectively the seventh takeover bid for Warrego Energy in the space of two months, jacking up its offer price by 29 per cent.

Shares in Warrego Energy jumped late today on heavy trading with Chris Ellison's Mineral Resources believed to have joined the takeover battle for the Perth Basin gas play.

Gina Rinehart's Hancock Prospecting has lifted its stake in Perth Basin gas play Warrego Energy to 25.9 per cent as a stand-off looms with rival bidder Strike Energy.

Business News values the assets of WA's richest people, and explores how they've used that wealth in 2022.

The board of ASX-listed oil and gas company Norwest Energy will wait until the new year to cast its verdict on Chris Ellison's offer for the business amid fierce competition for Perth Basin assets.

Jordan Murray and Matt Mckenzie reflect on some of the biggest stories from 2022, including the federal election, inflation, and big changes to economic policy.

Mineral Resources hopes to bolster its position in Western Australia's energy sector by acquiring Norwest Energy, of which keen Perth Basin investor Gina Rinehart is also a shareholder.

The former head coach of Australia's national cricket team will become an independent non-executive director of Chris Ellison's iron ore and lithium business in January 2023.

Mineral Resources has recruited Professor Colleen Hayward as a non-executive director, making it one of the few major ASX companies to have an Aboriginal person on its board.

Our board moves wrap includes Jane Prior and Colleen Hayward.

Mining software supplier K2fly has secured a three-year deal worth more than $1 million with British-based multinational Anglo American for its Resource Disclosure solution. The deal is the Subiaco-based company's first with the global miner but just the latest in a raft of tier 1 mining companies K2fly has captured in recent weeks.

Inflation and sluggish wage growth has barely affected pay for many of WA's top executives.

Big employers are adopting innovative approaches to staff recruitment and retention.

Newly listed explorer Octava Minerals has outlined a suite of new pegmatite targets at its Pinnacle Well lithium prospect in the Pilbara region of Western Australia after a field reconnaissance program. The campaign was headlined by the detection of a 1.5km long east-west running outcrop about 10km north of Global Lithium's 10.5 million tonne Archer deposit.

Aruma Resources' latest foray with the drill bit at its Mt Deans project in WA's Goldfields has come up trumps after latching onto more high-grade lithium and rubidium within lepidolite-rich pegmatite veins. Assay results from the first two holes in the 21-hole program returned 7m at 2.03 per cent combined lithium-oxide and rubidium-oxide.

Subiaco-based mining software provider K2fly has signed Mineral Resources to a three-year contract worth $1.75 million. The deal will cover Mineral Resources' iron ore and lithium operations and it comes hard on the heels of K2fly expanding its work with another tier 1 miner, Rio Tinto. The company's software products aim to support clients' ESG issues.

Behemoths of Western Australia's resources sector will tip $750 million into a new community investment initiative to bankroll a cohort of legacy projects in the state.

Senior editor Mark Beyer talks about his recent conversation with Sharon Warburton, and what her success as a company director means for women in search of board positions.