Mining

A Ghanaian business has joined the battle to buy out Perth-based Cardinal Resources, topping previous bids for the gold explorer with a new cash offer of $1.05 per share.

NRW Holdings is seeking its fifth acquisition after announcing a $100 million off-market takeover of fellow Perth-based contractor Primero Group.

Perth-based Suvo Strategic Minerals is purchasing kaolin operations in Victoria for $2 million, while fellow miner WA Kaolin is getting ready for its ASX debut.

Southern Cross Electrical Engineering has secured the electrical and instrumentation works at Rio Tinto’s new iron ore mine in the Pilbara.

Atlas Iron more than doubled its earnings this past financial year to $510 million, helped by increased production and a strong iron ore price.

Native title processes were the longest delay for WA mining exploration licence approvals in the September quarter, representing more than half of an average 233 day wait.

OM Holdings has raised its stake in a manganese project, two days after joint venture partner Bryah Resources received a $5 million cash offer for its interest in the asset.

West Aussies had a huge boost in purchasing power in the year to June, and the state’s economy grew despite a small national drop.

Investors are already factoring in the opportunities a COVID-19 vaccine will deliver.

Mineral Resources has mapped out ambitious growth plans that would see the company producing more than 90 million tonnes of iron ore per year.

Metal Hawk’s share price closed up 30 per cent on its first day of trading, while fellow gold explorer Medallion Metals has sought an ASX listing before Christmas.

ASX-listed Dynamic Drill and Blast has secured work on gold and iron ore projects in Western Australia under two subcontracts, with Pilbara Resource Group and Carey Mining.

Ardea Resources has signed a farm-in deal with goldminer Red 5, which will spend up to $2.3 million to explore two projects in Western Australia.

Chalice Gold Mines has reported another high-grade extension at its Julimar nickel-copper-PGE project in Western Australia, sending its share price to a record high.

Contractor Primero Group and private investment firm AMCI have made a move on Bryah Resources' stake in a manganese project in Western Australia.

John Welborn has been appointed managing director and chief executive of Equatorial Resources, one month after stepping down as boss of Resolute Mining.

Fortescue Metals Group says it had no choice but to withhold royalties to a Pilbara Indigenous group after traditional owners declined to sign land access deeds.

Iluka Resources managing director Tom O'Leary says he is excited about the opportunity in the rare earths sector, which will attract greater focus after the recent demerging of Iluka's iron ore royalties.

Nexus Minerals has launched a $6.6 million share placement to fund a feasibility study on the company’s gold joint venture with Saracen Mineral Holdings.

The Takeovers Panel has rejected a request from Perth-based Cardinal Resources to improve separate takeover offers from Russian mining giant Nordgold and China’s Shandong Gold.

Chalice Gold Mines will pay nearly $15 million to acquire three private properties near its Julimar nickel-copper project in Western Australia.

Western Australian companies Dacian Gold and NTM Gold have agreed to merge their assets, with the combined group to have a market capitalisation of $285 million.

Decmil Group has secured further work at Rio Tinto’s Robe Valley operations in the Pilbara to supply heavy and light vehicle facilities.

Perth-based Battery Minerals is raising $5.5 million from a share placement to explore its recently acquired copper-gold tenements in Victoria.

Roy Hill sales hit $6.4 billion in the year to June, with the company reporting payment of more than $900 million in taxes.

Fortescue Metals Group chairman Andrew Forrest has outlined an ambitious plan under which renewable energy will rank alongside the company's core mining business.

Auroch Minerals has purchased a stake in a high-grade nickel project near Coolgardie, which it will jointly develop alongside private company Goldfellas.

A new facility costing close to $100 million is designed to provide a long-term solution for hazardous waste in WA.

Perth-based Altech Chemicals has sought $14.5 million from a rights issue to advance its high-purity alumina project in Malaysia.

Applications for the state government’s exploration incentives drilling grants have surged by more than 50 per cent in its latest round.

Newcrest Mining has withdrawn from a farm-in deal with Perth-based Prodigy Gold over a project in Northern Territory’s Tanami region.

While many Australian exporters have tensely waited on news about trade sanctions from China, Fortescue Metals Group has inked deals with 12 partners.