News Articles for Sandfire Resources

Sandfire Resources has lodged a mining lease application for the development of its majority-owned Monty copper-gold project, located near its flagship DeGrussa mine.

Copper and gold miner Sandfire Resources has announced record production at its flagship DeGrussa mine near Meekatharra.

Diversified contractor OTOC has flagged record earnings for FY16, on the back of acquisitions made during the year and two big contract wins.

Sandfire Resources has announced completion of a $40 million solar power facility at its DeGrussa copper-gold mine, with the plant achieving full generation capacity.

Any complacency on behalf of Australia's banks may be ratcheted down a notch as some concerning practices are investigated.

Local company Talisman Mining has tapped investors for a $16.7 million capital raising to fund ongoing exploration at its Springfield copper-gold project in the Murchison region.

Copper and gold miner Sandfire Resources has reported a near-50 per cent fall in half-year profit, but shareholders will still receive an interim payout.

OTOC has reported a strong rise in revenue and earnings for the six months to December 2015, helped by its acquisition of three east coast surveying firms and two big contracts in its infrastructure contracting arm.

SPECIAL REPORT: Livestock exporter Wellard has had a rocky start to life as a listed company after completing Western Australia's second-largest capital raising of 2015, and the state's sixth-largest initial public offerings of all time. Wellard's $299 million IPO was one of the few high points of 2015, when a lack of mining deals led a sharp slide in overall capital raising activity.

There's growing belief commodity prices have bottomed out and things are set to improve.

Corporate lawyer Derek La Ferla has been nominated for a position on the board of Kalgoorlie-based Goldfields Money, while chairman Allan Pendal has stepped down as chairman.

Nickel producers are waiting for one of their cohort to ‘blink' first, as overproduction and sluggish demand threaten the sector's viability.

Top Western Australian publicly listed companies with fewer women on boards than the national average may get the boost they need following the launch of a new club.

Local miner Sandfire Resources has delivered its first-ever fully franked dividend to shareholders, despite an 11.7 per cent slide in net profit to $69 million for the financial year.

A Perth-based clean energy company has been awarded another major contract with a deal to build a major solar power station that will power part of the world's largest telescope.

Perth contractor Otoc has flagged a likely loss for the 2015 financial year after disclosing that impairment, restructuring and acquisition costs of about $10 million would outweigh its operating profit.

An international consortium comprising European renewable energy companies, Australian government agencies, and local contractor Otoc has come together to finance and develop a $40 million solar power project at Sandfire Resources' DeGrussa copper mine.

There is a range of reasons why bank shares have fallen lately, some from self-inflicted injuries and some due to a changing marketplace.

Shares in Sandfire Resources were firmer on news it had intersected a zone of sulphides at its Springfield project in the Bryah Basin mineral province.

South Korean steel giant Posco has sold its 15.2 per cent stake in Sandfire Resources for $129 million.

As smaller iron ore miners scramble to cut costs to deal with falling prices, another hurdle looms – customers' preference for quality.

Sandfire Resources has dropped Federal Court proceedings against the research body at the centre of the Australian National University's controversial divestment action late last year, following an admission the researchers failed to meet their own standards.

East Africa Resources has become the 36th Perth-based company to announce a backdoor listing deal in the past 18 months, with plans to exit uranium exploration and acquire local security services business Threat Protect Australia.

Woodside Petroleum chairman Michael Chaney has set himself an ambitious goal, telling shareholders he wants to more than double the number of women on the company's board over the next two years.

Only four out of Western Australia's top 20 companies currently meet a gender target set by the Australian Institute of Company Directors, which wants women to fill 30 per cent of board positions on S&P/ASX 200 companies within three years.

OZ Minerals has sold its 19.2 per cent shareholding in copper miner Sandfire Resources in a transaction worth $125 million.

Sandfire Resources has posted a 9 per cent slide in half-year profit to $30.5 million on the back of lower prevailing copper prices.

US-based company First Solar is a step closer to building a 10-megawatt power station in Fremantle, beating seven other hopefuls to meet the council's hopes for a large-scale solar farm at a former rubbish dump.

Sandfire Resources, the company that was famously targeted last year in a fossil fuel divestment campaign, is planning a $40 million renewable energy power station at its DeGrussa mine in Western Australia.

Perth-based Sandfire Resources has extended the mine life of its DeGrussa copper and gold mine near Meekatharra to mid-2021.

Law firms Clifford Chance and Lavan Legal have announced new appointments, with Paul Vinci taking the helm as managing partner and Jon Carson as senior partner of Clifford's Perth office.

Sandfire Resources managing director Karl Simich said reports in Fairfax today that its major shareholder, South Korean steel giant Posco, was attempting to offload its 15 per cent stake were mischievous.

Founding director of ASX-listed mortgage management firm Homeloans, Timothy Holmes, has passed away at the age of 65.

Sandfire Resources has filed proceedings in the Federal Court against the Centre for Australian Ethical Research over media releases published on its website last month, which Sandfire argues contained “misleading and deceptive” information.

Like all businesses, university assets funds should be put to work.

Bringing personal views to managing other people's money is tricky.

Shares in Perth-based gold explorer Talisman Mining have surged more than 70 per cent after the company announced it had entered into a binding agreement for Swiss-based Glencore's Sinclair nickel project in the Goldfields for $10 million.

Karl Simich and Mark Bennett are justifiably annoyed at having the companies they run added to an investment blacklist; but behind their frustration there is an enormously serious issue for every member of a superannuation fund – and that, in theory, is every working and recently retired Australian.

Investor interest in base metals stocks is rising, as iron ore process continue to slide south.

Copper and gold miner Sandfire Resources has recorded a slightly less profitable financial year for 2013-14 but declared a maiden dividend of 10 cents per share.