Mining

A joint venture between WA companies Pathfinder Resources and Cazaly Resources is set to list on the ASX in October, having launched an initial public offering to raise $9 million.

Grand Gulf Energy is raising $3.3 million to fund the acquisition of Australian helium business Kessel Resources.

Bellevue Gold says it is fully funded to bring its namesake project in WA to production after raising $106 million from a share placement and finalising a $200 million loan with Macquarie Bank.

Subiaco-based 88 Energy is seeking $24 million to progress drilling at a major project in Alaska.

Billionaire Andrew Forrest says there are scams in offsetting carbon emissions and has defended Fortescue Metals Group for not doing so.

Wesfarmers-backed Covalent Lithium has signed a lease for its planned Kwinana refinery project with the state government.

The Perth Mint has today launched its latest bullion program to an international audience of wholesale and retail distributors.

Western Australian company Volt Resources has secured $5.8 million to fast-track its batteries business.

Fortescue chief executive Elizabeth Gaines has responded to concerns about a potential reopening of state borders, saying the company can track, trace and test to manage a mine site outbreak.

Nickel miner IGO has reported a record financial performance, after what managing director Peter Bradford described was a transformational year for the business.

Mining giant BHP is considering mandating COVID-19 vaccination for anyone entering its worksites and offices.

Four Western Australian explorers are preparing to list on the ASX, having launched initial public offerings to raise a combined $34 million.

Australia’s gold production in the past six months has exceeded China's figures, according to a Melbourne consultancy.

Andrew Forrest will receive a $2.4 billion dividend from Fortescue Metals Group, after the company's profit more than doubled thanks to high iron ore prices.

Rio Tinto says there's no evidence it deliberately covered up the dumping of cultural artefacts salvaged from a Western Australian heritage site.

Some aspects of the push for greener energy are having unintended consequences.

Global company Intertek has consolidated its Perth operations into one of the world’s largest minerals testing laboratories, with 500 staff and a desire for more.

Subiaco-based Perseus Mining has reported a 48 per cent jump in net profit to almost $140 million, after commissioning its third mine and boosting production.

Mineral sands miner Iluka Resources has started work on three new projects while continuing to assess development of a fully integrated rare earths refinery north of Perth.

Beacon Minerals is set to extend the life of its Jaurdi asset in Western Australia following the purchase of a nearby gold project.

Goldminer Northern Star Resources has reported a 28 per cent jump in underlying net profit and declared higher dividends, after a year of record production.

Nickel miner Western Areas has incurred a full-year loss on the back of “mine production issues” at its Forrestania operations near Kalgoorlie.

Listed contractor Macmahon Holdings has secured further work at the Tropicana and Telfer mines in Western Australia, with the contracts worth more than $600 million in total.

Mining services company Perenti Global has delivered a solid annual result after dealing with the impact of COVID-19, labour shortages and currency movements.

Shares in Monadelphous Group fell sharply today as the market looked past its strong FY21 profit and focused on the patchy outlook and “unprecedented” labour shortages.

GR Engineering Services’ shares were up 10 per cent this morning when the company posted a significant jump in revenue and earnings.

Mader Group has largely avoided the labour shortage issues hitting other mining services companies, reporting strong growth in earnings and forecasting more growth this year.

Only a handful of Perth-based companies outside the resources sector have built truly national or global operations.

Australia’s first lithium hydroxide refinery at Kwinana has commenced production five years after the start of construction, but with full capacity still 18 months away.

Listed mining and civil contractor MACA is back in the black after achieving record full-year revenue of $1.2 billion.

K+S Group has slashed the footprint of its proposed $350 million salt project in the Exmouth Gulf by almost one-third to reduce its environmental impact and increase output.

Western Australia’s iron ore exports are breaking records, but are we at a turning point?