Sandfire Resources has announced an earn-in and joint venture option agreement with ASX-listed White Rock Minerals for a stake of up to 70 per cent in the multi-commodity Red Mountain project in central Alaska.
Talisman Mining has announced a $29 million capital return to shareholders in the form of a 15.625 cent per share dividend, following the sale of the company's 30 per cent interest in the Springfield copper-gold project located in the Doolgunna region.
Sandfire Resources has reported a first-half profit fall of 18.8 per cent, which the gold and copper miner said was due to increased exploration and project costs.
Sandfire Resources confirmed today it has approached MOD Resources about a potential takeover, with the target proceeding instead with a $15 million capital raising to support work on its T3 copper project.
Zenith Energy will incorporate a solar facility in its existing diesel power station at Independence Group's Nova operation in the Fraser Range, taking capacity to 26 megawatts.
A strong run over the past month from listed companies Mineral Resources, Woodside Petroleum and Seven Group Holdings has helped push Business News' index of 30 local stocks to a record high this week.
Altech Chemicals is pleased to announce that it has received commitments from a variety of institutional and professional investors for a share placement of ~$17 million.
Sandfire Resources has entered into a strategic relationship with Victoria-based White Rock Minerals, which includes a $2.5 million equity investment and an option to earn-in to the junior explorer's Red Mountain zinc project in Alaska.
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.
Sandfire Resources has reached an agreement to purchase Talisman Mining's stake in the Springfield joint venture project in the Goldfields region for $72.3 million.
Shares in Auris Minerals have risen after the company's joint venture partner, Sandfire Resources, released promising drilling results from the Morck's Well East copper project in the Bryah Basin.
Local contractor MACA has secured nearly $40 million of work, including contracts for Panoramic Resources and Sandfire Resources in Western Australia worth up to $12 million.
West Perth-based Sandfire Resources has upgraded its mineral resource at the Degrussa copper mine, located 900 kilometres north-east of Perth, following a recent drilling program.
A solar power company founded by former Western Power manager Neil Danby and olympic basketballer Andrew Vlahov has picked up its first contract, winning $7 million of work for Image Resources' Boonanarring mineral sands project.
Auris Minerals chairman Bronwyn Barnes has disclosed that some of the people seeking to oust her had been negotiating a farm-in proposal last year without the knowledge of the company's board.
An ambitious multi-billion dollar project to export solar power from the Pilbara into Indonesia would be technically viable, according to a pre-feasibility study released by the Pilbara Development Commission today.
West Perth-based miner Sandfire Resources has further lifted its interest in the Black Butte copper project in the US, taking its total share of project vehicle Tintina Resources to 78.1 per cent.
The federal government's Clean Energy Finance Corporation has emerged as a surprise backer of Pilbara Minerals' Pilgangoora lithium mine, and has outlined a broad range of projects that may attract future support.
Sandfire Resources will spend $3 million to earn a majority stake in Thundelarra's Red Bore project, which lies adjacent to the copper miner's DeGrussa operation in the Bryah Basin.
Resources hopeful Talisman Mining has secured a $23 million debt financing agreement to fund the Monty copper and gold project which is to be built in a joint venture with Sandfire Resources.
ANALYSIS: With abundant supplies of energy and the raw materials growing Asian economies need, WA is set to ride out the economic headwinds facing the eastern states.
A joint venture between Sandfire Resources and Talisman Mining has approved plans to spend $72 million on developing a new copper-gold mine north of Meekatharra.
Copper-gold miner Sandfire Resources says it plans to use its strong cash position to pay off what remains of a $380 million facility it took out for construction of its DeGrussa mine in 2011.
Sandfire Resources has encountered problems at its $40 million solar farm at the Degrussa copper mine, about six months after an ASX announcement suggested the power plant had been successfully commissioned.
Copper and gold miner Sandfire Resources has increased its stake in Montana-based copper play Tintina Resources by 4 percentage points to 61 per cent in a $C4.2 million ($4.1 million) deal.
The Business News index of 30 Western Australian companies outperformed the ASX200 in the September quarter on the back of stronger showings from a handful of miners and contractors.
Copper and gold miner Sandfire Resources has posted a softer profit result for the 2016 financial year on the back of lower copper prices, but was upbeat on the year ahead.
