Newmont Corporation has announced it will divest six of its non-core assets, including its Telfer goldmine in the Pilbara, with Andrew Forrest-backed Greatland Gold the likely buyer.
Mark Beyer and Mark Pownall discuss the prime minister’s trip to Perth; naval shipbuilding; the update on nickel; profit reports; domestic gas policy; offshore wind; and a magazine preview.
Two international firms have won contracts with WA’s largest grain handler to build new grain rail sidings under plans by CBH Group to be exporting 3 million tonnes per month by 2033.
Vulcan Energy Resources is one step closer to securing $825 million from European Investment Bank, to finance the first phase of its zero carbon lithium project.
Sandfire Resources has recorded a loss after tax of $US53.9 million, equivalent to $82.1 million, with the $US1.9 billion acquisition of the Matsa mine cited as the primary reason.
Diversified Perth-based contractor Duratec says it is well positioned for further growth after reporting a 56 per cent net profit increase for the first half of the 2024 financial year.
Woodside will sell a 15.1 per cent stake in its Scarborough LNG project to Japanese power generator JERA, under a deal worth an estimated $US1.4 billion ($2.13 billion).
BHP has pushed back plans to build a 1,152-person camp to house nickel workers as the miner mulls the viability of a $750 million upgrade of its Kalgoorlie nickel smelter.
Defence shipbuilder Austal believes a turnaround in its long-term order book will help it attract workers across from the battery minerals sector to its Henderson shipyard.
A Singaporean investment vehicle is scouring Western Australia’s nascent biotechnology industry for new projects worth backing to bring onto the world stage.
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.
