Business News

Hedley Widdup has stepped down as non-executive director of Kasbah Resources. Mr  Widdup was a representative of the African Lion Fund which has a strategic 13% interest in Kasbah.

MACA has extended a mining services contract with gold producer Regis Resources at its Duketon South operations near Laverton for the next five years.

Perth-based Metals X has raised $50 million via an institutional placement, with the proceeds set to be spent at the company’s Nifty copper project in the Pilbara.

Cardinal Resources has secured a $US25 million ($33.7 million) credit facility with Canada-based asset manager Sprott Private Resource Lending, as the junior explorer progresses a feasibility study at its Namdini gold project in Ghana.

Ventnor Resources has exercised an option agreement to acquire the Muchea silica sand project north of Perth, while also announcing a $2.4 million capital raising.

Graeme Johnston has been appointed technical director of AVZ Minerals.

Constellation Resources, a spin-out of Apollo Minerals’ Fraser Range assets, has begun trading positively on the ASX today, after raising $7 million via an initial public offering.

Ross Stanley has been appointed non-executive director of Lucapa Diamond Company.

Hume to lead Variety

Junior explorer PolarX has boosted its coffers with a $3.9 million capital raising, with the proceeds to fund the company’s exploration program at its Alaska Range project.

Northern Minerals has today officially opened its Browns Range heavy rare earths project in the Kimberley, the first of its kind outside of China.

Two Perth companies have announced board moves with political connections, with Austal director Jim McDowell leaving to take a powerful job with the South Australian government and IT company Cirrus Networks appointing Paul Everingham as a non-executive director.

Resource Development Group has made its first major purchase since the sale of three subsidiaries in 2015, buying a majority stake in mining services business Mineral Solutions Australia for $2.8 million.

Chris MacKenzie has been appointed chief executive of Manas Resources.

St Hilda’s Anglican School for Girls has appointed the current head of the Australian International School in Singapore, Fiona Johnston, as its new principal for 2019.

Sam Lee has been appointed a non-executive director of Gulf Manganese Corporation. He was also appointed to the board of commissioners of PT Gulf Mangan Grup, Gulf’s Indonesian subsidiary.

Gold miner AngloGold Ashanti has poached one of the top executives from rival Barrick Gold to replace outgoing chief executive Srinivasan Venkatakrishnan.

Ardea Resources has released an expansion study for its Goongarrie nickel-cobalt project in Kalgoorlie, with the company detailing a 2.3mtpa capacity at a cost of $1.17 billion.

A joint venture between Perth-based companies Clough and RUC Cementation Mining Contractors, which are both owned by South Africa’s Murray & Roberts, has secured two mining contracts in Mongolia.

Leading managed service and IT solutions provider Cirrus Networks has appointed Paul Everingham as non-executive director following the resignation of Patrick Glovac from the board.

Saracen Mineral Holdings managing director Raleigh Finlayson has received about $12 million after selling more than half his stake in the gold mining company.

The state government’s education boss, Sharyn O'Neill, has been appointed as the first ever female Public Sector Commissioner in Western Australia.

Avita Medical has expanded its management team in the commercial, legal and medical affairs functions to support the planned US launch of the RECELL® Autologous Cell Harvesting Device in the treatm

Sheep meat producer WAMMCO has received a $5 million loan for upgrades at its Katanning processing plant as part of the state government’s cooperative loan scheme.

Gold-focused Egan Street Resources says it will cost $36.1 million to bring its Rothsay project in the Murchison region into production.

Gold miner Silver Lake Resources has posted above-guidance sales for the year to June, while Red 5 says it is on track to meet its production forecast for the 2018 calendar year.

ZhaoYa Wang has been appointed chief executive of Focus Minerals following an approval by the Department of Home Affairs in granting him a visa to work in Australia.

Poseidon Nickel has released a feasibility study confirming the viability of restarting its mothballed Black Swan project near Kalgoorlie, with an estimated capital expenditure of $56.7 million.

After 9 years, Geoff Jones has stepped down as non-executive director of Azumah Resources due to increased executive and business commitments.

NRW Holdings has joined the likes of Clough, Decmil and CPB in securing work at BHP Billiton’s $4.6 billion South Flank iron ore project in the Pilbara, after announcing a $176 million contract to complete earthworks at the site.

MOD Resources has moved to full ownership of its T3 copper project in Botswana, after acquiring UK-based Metal Tiger’s stake of the project in a scrip deal worth $26.6 million.