News Articles for Karl Simich

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.

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.

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.

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.

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.

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.

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.

Mining contractor Byrnecut has been awarded a $200 million contract for underground mining at Sandfire Resources' DeGrussa copper-gold mine near Meekatharra.

Sandfire Resources has reported a 58 per cent fall in half-year net profit on the back of almost $60 million in depreciation and amortisation expenses and exploration costs.

Shares in Talisman Mining have soared after Sandfire Resources agreed to farm into the explorer's copper-gold projects in the Bryah Basin.

Karl Simich and his team at Sandfire Resources could be calling for the Dom Perignon in a few days if the local copper mining favourite achieves the once unthinkable and overtakes the stock market value of its potential predator, OZ Minerals.

Colin Barnett will surely take a consultative approach when it comes to a review of state mining royalties.

Tougher economic times and increased scrutiny have put a cap on the growth of executive remuneration.

Success hasn't dimmed the enthusiasm of Terry Streeter, Miles Kennedy and a host of others for the challenges of new mining ventures.

Sandfire Resources has defied today's market trend to record a modest increase in its share price after announcing a substantial increase in the size of its DeGrussa copper deposit.

KIMBERLEY Diamond Company NL has announced the appointment of its long-standing finance director, Karl Simich, to the position of managing director.