Mining

Mining magnate Clive Palmer has lost his High Court battle against the state government over legislation introduced to thwart his $30 billion damages claim.

The spinout companies of Hawkstone Mining and Liontown Resources have hit the ASX boards, joining Recharge Metals which listed yesterday.

Goldminer Newcrest Mining has put a price on developing its Havieron project in Western Australia, while detailing plans for its assets in Canada and Papua New Guinea.

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NSW's Downer EDI has sold its remaining mining services assets to a joint venture that includes Perth-based AvidSys Group for $150 million in cash.

Privately-owned Perth company Wright Prospecting has posted yet another extraordinarily large annual profit as it reaped the benefits of the booming iron ore market.

ASX aspirant Norcliffe Mining Services has finalised its acquisition of Enerflow Mining Services in its second notable buy of the year.

A 12 megawatt solar farm has been included in an updated plan for Wesfarmers-backed Covalent Lithium's $1.9 billion mine and refinery project.

Iron ore junior Fenix Resources has reported $25 million in net operating cashflows for the September quarter despite a testing period for the commodity.

DDH1 Drilling has launched a friendly takeover of counterpart Swick Mining Services, sending the target's shares up by more than 20 per cent.

Explorers Kin Mining and Alchemy Resources are set to raise $13 million and $3.1 million respectively in a bid to push ahead with ongoing exploration and drilling activities.

Besra Gold has returned to the ASX after a restructuring, while E79 Gold Mines has started trading and Medallion Metals has spun out its nickel assets.

The federal court has ordered Griffin Coal to hand over more than $5 million in damages to its former contractor Carna Group, following a bitter six-year contractual dispute.

Westgold Resources is preparing to lodge its takeover bid for fellow goldminer Gascoyne Resources, following “positive engagement” with the target’s shareholders.

Analysts argue iron ore prices won’t have to fall far to inflict pain.

Listed contractor Lycopodium has secured work on Talison Lithium’s Greenbushes project in WA, while Clough has been appointed to TNG’s Mount Peake project in the Northern Territory.

West Perth-based Nomadic Energy has commissioned a 3.3-megawatt of solar farm at Northern Star Resources’ Carosue Dam mine in the Goldfields.

Osborne Park-based Kin Mining has rejected a takeover offer from goldminer and major shareholder St Barbara, while announcing a $13 million capital raising.

Australia’s largest new iron ore mine in over 50 years has been officially opened after BHP completed its South Flank project on time and within budget.

Resources companies hope a decision on Port Hedland’s South West Creek development is imminent, helping unlock higher iron ore exports.

Lithium miner Pilbara Minerals has started commissioning its Ngungaju plant which it acquired from Altura Mining earlier this year.

BHP and Mineral Resources have become the latest big employers to make COVID vaccinations a condition of entry at all of their Australian workplaces, joining mining giant Rio Tinto.

About one third of West Australian workers will need to be vaccinated to comply with government directives and the number is set to grow as private businesses follow suit.

Rio Tinto has lodged plans to build a $70 million accommodation camp in Paraburdoo, as it awaits final mining approvals to develop its iron ore deposits in Western Range.

Australasian Gold’s shares have closed up by more than 7 per cent, after the West Perth-based explorer announced a partnership with CSIRO.

Adelaide-headquartered MaxMine has become the first mining industry representative to join Australia’s recently formed technology council.

Record commodity prices and a flurry of M&A deals have defined the past year for listed resources companies.

Fortescue Metals Group is targeting net zero scope 3 emissions by 2040, which covers its entire value chain, including its customers’ crude steel manufacturing.

Don Hyma has been appointed managing director of Australian Rare Earths, following his resignation as director projects at Fortescue Metals Group earlier this year.

COVID-19 vaccinations will soon become mandatory for those working in the state’s resources sector, with all workers required to get their first jab by December 1.

Perth technology company K2fly has signed one of its largest contracts, worth $3.4 million over five years, with Rio Tinto.

West Perth-based mining services company Aerison has secured a suite of new contracts totalling $140 million, underpinning a 15 per cent increase in revenue for next financial year.