Mining

California-based financial services giant Capital Group has bought a 5 per cent stake in Fortescue Metals Group for an estimated $3 billion.

Lynas Rare Earths and WA Kaolin have managed to progress their respective Western Australian projects during a quarter fraught with shipping delays.

BHP remains on track to meet production guidance for the financial year despite pandemic-induced labour constraints, but has flagged further headwinds as Omicron enters the state.

Shares in MetalsX spin out NiCo Resources were up 80 per cent on its ASX listing today, after the nickel company’s IPO raised more than $12 million.

BHP has brought on one of CIMIC Group’s subsidiaries to oversee a debottlenecking project at the miner’s Nelson Point iron ore port in Port Hedland.

Zuleika Gold shares have surged 90 per cent on the back of a sizeable cornerstone investment from prominent Western Australian mining investor Mark Creasy.

Worker shortages and supply chain issues could disrupt major projects in WA worth more than $50 billion. Click for our updated list of major projects.

Rio Tinto continues to be beset by multiple challenges, with its Pilbara iron ore operations just meeting annual shipment guidance and now facing a series of commissioning delays.

Vertex Minerals has made a soft start to its first day of trading, with shares in the WA-based explorer down 10 per cent on its public offering.

BHP plans to acquire and trial four battery electric locomotives for its iron ore rail network in WA, following suit from fellow mining giants.

South32 has unveiled initial analysis for a potential $US1.7bn multi-decade metals development at its Hermosa project in Arizona.

Hancock Prospecting has lodged documents with the Environmental Protection Authority for a 20 million tonnes per annum iron ore project at Mulga Downs.

Global Lithium Resources has recruited two seasoned mining executives in a bid to elevate its budding Marble Bar project into a world-class operation.

NRW Holding’s mining division has signed an agreement with MaxMine to use its technology across a $300 million Dalgaranga gold mine contract in Western Australia.

Liontown has found its first binding offtake partner in South Korean battery giant LG Energy Solution, who is lined up to acquire one third of Kathleen Valley’s start-up production capacity.

BHP’s South Flank mine site will transition to autonomous haulage, less than a year after the site’s first production of iron ore.

GWR shares were up some 13 per cent on the news that mining operations would recommence at the C4 project in Wiluna after being put on hold in September last year.

Iluka Resources has moved closer to developing a rare earth refinery in the Mid West after clearing its first environmental hurdle for the project.

Mining magnate Gina Rinehart has become the latest high-profile businessperson used to market an alleged crypto scam, with photos and fake quotes appearing online.

Jason Waters will be chief executive at The Perth Mint after the departure of Richard Hayes, while Ralph Addis will leave his role at a government department to lead Lotterywest.

East Perth-based Lycopodium has won a $36 million contract to oversee construction and engineering at one of the largest copper-gold mines in Indonesia.

Shares in West Perth-based junior Fin Resources were up nearly 26 per cent after being granted a key additional licence for the Sol Mar project in the Pilbara.

South32 and Alcoa will restart production at the Brazil Aluminium operation, with first output slated for the June quarter after a six-year hiatus.

ASX-listed Mineral Commodities and Alterra have made changes to their boards, while new leaders have been appointed at Good Sammy Enterprises and Pan Pacific Perth.

ASX-listed Troy Resources is undertaking a $26 million recapitalisation in a bid to save the company, after conceding it had found itself in a precarious financial position.

Pacific Bauxite is hoping to ride Chalice Mining’s spectacular success, but instead of the usual ‘nearology’ play, it is buying into the same commodities and taking the name of Chalice’s main project.

Major Focus Minerals shareholder Shandong Gold has raised its stake in the WA explorer to some 63 per cent, squeezing out Theta Gold Mines as a potential buyer.

Prospect Resources is selling a majority stake in its Zimbabwe flagship lithium project to China’s Zhejiang Huayou Cobalt Co for $528 million in cash.

Shares in potash hopeful Kalium Lakes were down almost 16 per cent after the company flagged likely short-term production and technical issues at the Beyondie project.

Construction and civil contractor Pilbara Resource Group has gone into administration after its major mining partner GWR Group scaled back its operations.

BHP will not match Wyloo Metals’ bid for Canadian nickel play Noront Resources, clearing the way for the Forrest-backed business to acquire all capital in the company for C$1.10 apiece.

A strained WA labour market and plant shutdowns have forced Pilbara Minerals to trim its forecasted production and shipping guidance for the financial year.