News Articles for Sirius Resources

Cost cutting can only take a business so far, and with tough times set to continue for mining services contractors, innovation and diversification have a big role to play. Click through to see more on our Mining Services feature.

Sirius Resources, which is in the middle of a takeover by Independence Group, has formally awarded GR Engineering Services a $114 million engineering, procurement and construction contract at its Nova nickel mine in the Fraser Range.

An expanded Independence Group would hope to eventually enter the ASX100, chief executive Peter Bradford told a Western Australian Mining Club lunch yesterday.

Perth-based explorer Gold Road Resources has appointed GR Engineering Services to undertake pre-feasibility process and mining studies at its Gruyere project east of Laverton.

Mining contractor Barminco has posted a small increase in underlying earnings in the March quarter, as cost reductions and efficiency measures offset a dip in quarterly revenue to $123.9 million.

Sirius Resources has signed an offtake agreement with Dutch commodity trading company Trafigura for copper from its Nova mine in the Fraser Range.

The news from the iron ore and petroleum sectors may be disheartening for producers and investors alike, but another of Western Australia's mineral exports is proving as resilient as stainless steel.

GR Engineering Services has been named the preferred tenderer for the processing plant at Sirius Resources' Nova nickel mine in the Fraser Range.

Sirius Resources managing director Mark Bennett said today the company could be a gold miner before it becomes a nickel producer, following positive drilling results at its Baloo deposit.

Sirius Resources has chopped $30 million off the cost of developing its Nova nickel project after getting final prices from contractors, including Barminco, which started work at the remote site east of Norseman this week.

Shares in Perth-based explorer Sirius Resources were up nearly 10 per cent today after it announced a gold discovery at its Polar Bear project near Norseman.

Kerman Contracting will begin building accommodation facilities at Sirius Resources' Nova nickel project near Norseman, two months after being named the preferred contractor for the $23 million job.

There are not many mining projects on the cards for WA, but there are still opportunities in the sector for engineers and contractors.

Sirius Resources has secured $440 million to fund the development of its Nova nickel mine, coinciding with it receiving mining approval from the Department of Mines and Petroleum.

Kerman Contracting has continued its run of success this year, securing a contract to develop new infrastructure at Rio Tinto's Pilbara iron ore operations and in the process lifting its work in hand to $290 million.

The tougher business climate has prompted some WA companies to cut executive salaries, but most have held the line and some have even awarded pay rises.

Sirius Resources has named the preferred contractors for various works at its $473 million Nova nickel project near Norseman, however contract values have not been disclosed as final terms are yet to be completed.

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.

Money is moving out of iron ore but where it goes next is the more interesting question, because it seems that some investors are developing a taste for agriculture – a shift that might prove to be a case of leaving the frying pan to land in the fire.

The combined wealth of WA's richest public company directors fell by around $3 billion in the past year, but some individuals bucked the trend.

A WA mining executive believes it's time the corporate sector was better educated on the way indigenous communities like to do business.

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

PYBAR Mining Services is positioning itself to take on the two dominant contractors in underground mining, after making two acquisitions in Western Australia and being named as preferred contractor for a new mine.

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.

It has been a tough quarter for dealmakers as commodity and share prices slump but some players see promise in the market shake-out. This Special Report includes a fully updated database with 146 deals for the quarter and an updated stockbrokers list.

Cassini Resources, the five cent explorer that quickly graduated to a 25 cent stock in April after acquiring BHP Billiton's West Musgrave nickel-copper project has taken a share price hit in its stride as it seeks to educate the market on its as yet unrealised potential.

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

Balcatta-based Sirius Resources has been granted a mining lease by the Department of Mines and Petroleum for its proposed Nova nickel project near Balladonia.

Sirius Resources has inked a mining agreement with the Ngadju people, paving the way for the development of the world-class Nova nickel deposit near Norseman.

Great Western Exploration has announced the appointment of Terry Grammer to its board as a non-executive director.

Balcatta-based Sirius Resources has announced a $189 million capital raising to help develop its Nova nickel project near Norseman.

Balcatta-based Sirius Resources says it's Nova nickel project near Norsemen will cost around $473 million to develop, according to a definitive feasibility study released today.

FEATURE: Tech-related stocks make up half of this year's top 10 TSR performers, but resources stocks feature prominently over the longer term.

FEATURE: An investment in each of the 10 largest capital raisings by companies in Western Australia during 2013 would be 14 per cent underwater at current prices, according to research conducted by Business News.

The latest round of Western Australia's Exploration Incentive Scheme will pump almost $5 million into the search for minerals and petroleum at a crucial time for the state's resources industry.

Sirius Resources says it is close to securing consent to mine at its Nova nickel deposit from the the traditional custodians of land covering the project in the Goldfields.

SPECIAL REPORT: The gold and technology sectors have experienced a boost in investment activity for the March quarter, but doubts remain over whether it will last.

Sirius Resources has taken full ownership of its highly-rated Nova-Bollinger nickel deposit, buying out major shareholder Mark Creasy's 30 per cent stake for a stock and cash package worth nearly $

Perth-based Rumble Resources has signed an earn-in agreement with Blackham Resources for the acquisition of up to 75 per cent of the Zanthus project inside the Albany Fraser Tectonic Zone in the State's south west.