News Articles

Mining 05 Mar 2026

Catalina to acquire BGM Metals

Karl Simich-chaired Catalina Resources has added another significant asset to its growing copper-gold portfolio in WA.

Mining 14 Feb 2023

Simich joins Balkan Mining board

Karl Simich has joined the board of Subiaco-based Balkan Mining and Minerals after stepping down from 15 years at the helm of Sandfire Resources.

Mining 10 Nov 2022

S32 executive takes top job with Sandfire

Sandfire Resources has found a new chief executive in South32's Chief Human Resources and Commercial Officer Brendan Harris, who will move to the copper mid-tier in April 2023.

Mining 30 Sep 2022

Simich steps down from Sandfire

Sandfire Resources founder Karl Simich has called time after a 15-year tenure spent growing the company from an explorer to one of the biggest copper producers listed on the ASX.

Mining 28 Feb 2022

Sandfire bolsters bottom line

Sandfire Resources has cited stronger copper prices and operational performance in posting a 24 per cent increase in net profit to $US55.2 million over the first half of the financial year.

Mining 06 Oct 2021

Bumper run for WA’s big companies

Record commodity prices and a flurry of M&A deals have defined the past year for listed resources companies.

Mining 23 Sep 2021

Sandfire in transformational $2.6bn deal

Karl Simich-led Sandfire Resources is set to become one the largest listed copper producers through the $2.6 billion cash acquisition of an operation in Spain.

Mining 22 Sep 2021

Sandfire outlines Motheo expansion

WA's Sandfire Resources has detailed plans to expand its Motheo project in Botswana via a 114,000-tonne satellite deposit.

Mining 14 Jul 2021

Sandfire set for strong FY21 finish

Sandfire Resources has exceeded its copper production target for the recent financial year while reporting record sales revenue of $813 million, helped by buoyant prices.

Mining 07 Jul 2021

Sandfire secures Motheo licence

WA's Sandfire Resources is making progress on the development of its $364 million Motheo copper project in Botswana, having now secured the mining licence.

Mining 18 Jun 2021

Sandfire completes record copper shipment

Sandfire Resources recently exported $65 million worth of copper concentrate to India, marking the DeGrussa operator's biggest shipment to date.

Mining 09 Jun 2021

Perenti wins $650m contract for new Sandfire mine

Sandfire Resources has appointed Perenti's surface mining contractor to the $364 million Motheo copper-silver project in Botswana.

Mining 07 Apr 2021

Copper resurgence benefits juniors

High-quality copper prospects are becoming harder to find, but juniors are poised for the challenge.

Mining 25 Feb 2021

Sandfire up on copper outlook

Shares in Sandfire Resources jumped 11 per cent today after the company reported strong growth in earnings and talked up the copper market outlook.

Mining 01 Dec 2020

Sandfire approves Botswana mine

Perth-based Sandfire Resources is spending $371 million to develop a copper-silver mine in Botswana, with production expected in early 2023.

Deals 01 Oct 2020

Sandfire, Auris in $23m gold deal

Sandfire Resources is selling its gold project in New Zealand to fellow Perth-based explorer Auris Minerals, in a cash and scrip deal worth $23.2 million.

Mining 27 Aug 2020

Sandfire profit down, outlook up

Sandfire Resources has posted a 30 per cent decline in profit, but says it is in a good position to take advantage of the recent copper price recovery.

Mining 01 Jul 2020

Board, strategic changes at Sandfire

Sandfire Resources has made changes to its management team and board, including appointing Sally Langer, and refined its strategic focus.

News 23 Aug 2019

Woodside, Sandfire winners at resources awards

Woodside Petroleum, Save the Children Foundation and Sandfire Resources were among those recognised for their renewable projects and community partnerships at last night's resources sector awards for excellence.

Deals 25 Jun 2019

Sandfire set to acquire MOD for $167m

Sandfire Resources has made a $167 million takeover offer for MOD Resources, just over five months after it made a $94.5 million bid for the junior, with MOD's board backing the improved offer.

Mining 19 Feb 2019

Sandfire profit falls nearly 19%

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.

Special Reports 03 Dec 2018

Drop in million-dollar club

SPECIAL REPORT: There has been a notable reduction in the number of high-earning executives in WA, though some individuals do well year after year, research by Business News has found.

Mining 30 Aug 2018

Sandfire jumps on profit boost

Shares in Karl Simich-led Sandfire Resources have jumped more than 8 per cent today after the company reported a record $123 million profit.

Mining 08 Jun 2018

Talisman sells Springfield stake in $72m deal

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.

Mining 27 Apr 2018

Sandfire upgrades Degrussa reserve

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.

Financial Services 20 Apr 2018

CEO lunch with Andrew Hall

A survivor of the tech wreck, Andrew Hall tasted success in the venture capital space before launching his own new startup, Formalytics.

Special Reports 20 Nov 2017

CEO incomes on the rise

SPECIAL REPORT FOR SUBSCRIBERS ONLY: The annual Business News remuneration survey has data and in-depth analysis on hundreds of WA company directors and executives. We identify the top earners, including the people who qualified for large bonuses and equity incentives, in some cases year after year. The survey also reveals a big jump in the number of WA people who earned incomes of $1 million or more last financial year.

Mining 30 Aug 2017

Copper prices boost Sandfire profit

Copper-gold miner Sandfire Resources has announced a record dividend payout after a profitable 12 months.

Mining 24 Jan 2017

Sandfire to pay off $50m DeGrussa debt

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.

Special Reports 28 Nov 2016

Market moves dictate directors’ sales drive

SPECIAL REPORT: Some of WA's top company directors have achieved extraordinary gains in their wealth over the past year, and while most held onto their shares, a group of 11 reaped more than $180 million from share sales.

Special Reports 21 Nov 2016

Coleman, Power vie for highest-paid title

SPECIAL REPORT: The detailed reporting of remuneration by listed companies means it should be easy to determine the state's best-paid chief executive, but the reality is more complicated.

Deals 17 Nov 2016

Sandfire boss sells down for $6m

The head of Perth-based Sandfire Resources has sold down a fifth of his stake in the miner, pocketing $6.1 million from the on-market trade.

Deals 25 Oct 2016

Sandfire ups stake in US copper play

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.

Mining 30 Aug 2016

Sandfire upbeat on year ahead

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.

Mining 14 Jul 2016

Sandfire, Talisman JV to develop Monty

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.

Mining 08 Jul 2016

Sandfire hits record production

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

Energy 08 Jun 2016

$40m solar facility commissioned

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.

Mining 25 Feb 2016

Sandfire profit falls on copper prices

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.

Mining 20 Aug 2015

Sandfire profit shrinks but revenue higher

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.

Energy 15 Jul 2015

Otoc wins work at Sandfire

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.

News Articles for Karl Simich

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