News Articles for Pilbara Minerals

Shares in Pilbara Minerals have fallen up to 10 per cent today after June quarter sales from its Pilgangoora project are expected to be lower than originally anticipated, due to construction delays by its offtake partners.

Financing inflows for ASX-listed juniors and small cap explorers recovered in the March quarter, with lithium companies among the biggest beneficiaries, according to the latest research from BDO.

High-level iron ore, lithium and gold projects set pace for more than 50 developments in fresh commodities boom.

Pilbara Minerals has announced it is considering selling between 20 per cent and 49 per cent of its Pilgangoora lithium project, as it declared commercial production from the processing plant.

Pilbara Minerals has exercised an option to enter into a joint venture with steelmaker Posco to develop a lithium processing facility in South Korea.

Shares in Mineral Resources fell sharply early today befor recovering some lost ground, after the company reported an interim net profit of $13 million, due in part to an unrealised loss on its stake in Pilbara Minerals.

Kalium Lakes is a step closer to starting construction on its Beyondie potash project near Newman after receiving $74 million in funding, making it the latest in a string of mining companies to win financial backing from the Northern Australia Infrastructure Facility.

The final months of 2018 hit investors in Western Australian stocks hard, with the Business News index of 30 local ASX-listed companies falling 13.3 per cent.

Western Australia continues to evolve into a globally significant energy metals province, with Pilbara Minerals securing funding to support a second stage of its Pilgangoora lithium mine in the north of the state, while US chemicals giant Albemarle Corporation has begun work on its $1 billion lithium hydroxide facility near Bunbury.

Verdant Minerals has entered into a non-binding agreement for a $160 million debt facility from the Northern Australia Infrastructure Fund, adding to a string of mining projects in recent months to reach a funding agreement with the fund.

ANNIVERSARY SPECIAL: The Pilbara has a diverse and colourful mining history, including gold, tantalum, beryl and lithium.

Lithium producer Pilbara Minerals has resolved to approve the stage two expansion at its Pilgangoora mine once all necessary approvals and funding have been secured.

Gold miner Saracen Mineral Holdings has appointed Anthony Kiernan as its non-executive chair, replacing Geoffery Clifford after nearly four years in the role.

The opening of Altura Mining's Pilgangoora operation last week provides a good opportunity to evaluate the state of the local lithium industry.

Pilbara Minerals has released a definitive feasibility study for the planned stage-two expansion at its Pilgangoora lithium-tantalum project, with chief executive Ken Brinsden confident the $231 million upgrade will go ahead.

Talison Lithium has confirmed it will build a third concentrator at the Greenbushes lithium mine to boost output to 1.95 million tonnes per annum, but the owner of tantalum rights at the project has again warned the expansion will be subject to an ongoing legal battle.

SPECIAL REPORT: Battery metals businesses such as Pilbara Minerals, Altura Mining, and Western Areas have joined AusCann Holdings, Buru Energy and OM Holdings among the best-performing stocks in the year to June.

Few projects are more meaningful for WA's economic direction than the Greenbushes lithium mine expansion and the new lithium refinery in Kwinana.

Scott Mison has resigned as executive director, chief financial officer and company secretary of Jupiter Energy. He has been with the company since 2007.

Pilbara Minerals founder John Young has stepped down from the company's board, with Sally-Anne Layman set to become a non-executive director as the company closes in on first lithium production.

CFC Group subsidiary Cape has won three new jobs worth a combined $20 million, focused on gold mining, lithium and electricity infrastructure.

Pacific Energy has strengthened its position in the remote power market by striking a deal to acquired Kewdale-based Contract Power Group for $90 million in cash and shares, adding to its existing operations through subsidiary Kalgoorlie Power Systems.

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.

S2 Resources advises that completion has occurred under the Heads of Agreement that was announced on 14th February 2018.

South Korean steel giant POSCO has signed a long-term offtake agreement with ASX-listed lithium miner Pilbara Minerals and agreed to invest in its upcoming project in Western Australia.

A $207 million expansion to more than double the capacity of Pilbara Minerals' Pilgangoora project could get under way as early as this year, after a pre-feasibility study released today delivered positive results.

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.

Robotic technology and the internet of things will dramatically change employment patterns, accident rates and digging costs in the mining industry over the next three years, business advisory firm BDO has boldly predicted.

The strong performance of the Business News index of 30 local companies designed to track the state's economy implies good years ahead for WA.

Atlas Iron has struck a deal with lithium developer Pilbara Minerals to purchase up to 1.4 million tonnes of direct shipping lithium ore over the next 15 months.

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.

A joint venture between Njamal Services and Pilbara Resource Group has secured a 12-month labour contract with BGC Contracting at the Mt Webber iron ore mine in the Pilbara.

SPECIAL REPORT: The five WA people with the largest holdings in listed companies have earned around $1.5 billion in dividends in the past five years, with Andrew Forrest and Kerry Stokes leading the way. Click through for our list of 50 directors and investors with holdings worth more than $11 billion between them.

Perth-based telecommunications provider Swift Networks has secured multi-year contracts at three Western Australian lithium mine sites.

SPECIAL REPORT: Financing opportunities have improved markedly from just two years ago for the state's junior miners, amid growing demand for drill rigs and skilled workers.

Altura Mining has taken the next step to double capacity at its Pilgangoora project, approving a definitive feasibility study for expansion to 440,000 tonnes per annum of lithium concentrate, while confirming shipments from stage one of the mine are due in the second quarter of 2018.

Pilbara Minerals has struck an agreement to work on the possible development of a lithium processing facility in joint venture with South Korean companies Polaris Shipping and LG Chem.

SPECIAL REPORT: Ten lithium projects under construction or in advanced planning to bring new lithium supply onto the market will dramatically boost exports of the commodity in coming years.

Local construction company Whittens has won a $10 million contract for work on Pilbara Minerals' Pilgangoora lithium project.

Pilbara Minerals have received their final environmental approval from the WA Government to build and operate the massive Pilgangoora Lithium project in the Pilbara. The move clears the way for completion of construction and first production by Q2 2018. Pilbara also passed another milestone this week by achieving financial close on their US$100m bond issue, a key component of the project financing.