Chris Ellison’s Mineral Resources is closing its cheque book to juniors in the lithium sector but is still keen on inking deals with gold miners for battery metals rights.
Civil contractor Whittens Group has been awarded a contract for the construction of Fortescue’s newest mine camp, taking its work in hand to $152 million.
Revenue at goldminer Red 5 increased by 77 per cent in the first six months to December 31 2023 as the listed company moves closer towards its proposed merger with Silver Lake Resources.
The local share market finished basically unchanged, as Fortescue, Qantas, Medibank Private, Tabcorp, Lovisa, Nine Entertainment and others reported earnings.
Defence shipbuilder Austal will build two additional Evolved Cape-class patrol boats for the Australian Navy, in a contract announced a week after an asylum seeker boat arrived at Beagle Bay.
Ora Banda Mining has accused Greenstone Resources and Ian Gandel’s Riverina of blocking the final sign off for the junior miner’s $26 million joint venture deal with Wesfarmers Chemicals.
The Federal Court has canned a major prawn farm proposal after finding the Seafarms Group subsidiary responsible for the project has been trading while insolvent.
Civil engineering and construction group Decmil reduced its net loss after tax to $1.8 million during the first half of FY24, down from $2.5 million during the prior corresponding period.
Western Australia’s domestic gas policy settings require serious government intervention to protect industry, according to the interim report from the state’s inquiry into the matter.
Fortescue is set to pay out $3.32 billion in dividends after a substantial lift in its interim profit, with the biggest beneficiaries being Andrew and Nicola Forrest.
Buoyant gold prices have delivered record earnings for Super Pit owner Northern Star Resources despite mounting cost pressures bumping up the miner’s production costs.
The Qantas Group said it was continuing its investment in customers and new aircraft, supported by a $1.25 billion underlying profit before tax for the first half of FY24.
The Pilbara’s resources megaports are being cleared as ex-tropical cyclone Lincoln moves into the region, where it is expected to re-intensify and make landfall this weekend.
IGO has recorded a 53 per cent plunge in profit in the first half of this financial year, while having to deal with its Cosmos nickel mine and Kwinana refinery joint venture.
Glencore appears set on keeping its WA nickel mine running despite the metal’s unprofitability forcing one of the miner’s other nickel operations into care and maintenance.
Shipbuilders Austal and Luerssen have responded to yesterday’s $11 billion Naval fleet announcement, which will have significant implications for ongoing works at Henderson.
The ASX market has finished down 0.7 per cent as Woolworths plunged 6.6 per cent to a more than one-year low, while CSR soared on takeover speculation.
