Russian-owned Nordgold has increased its bid to acquire Cardinal Resources to around $347 million, which trumps a competing proposal from Shandong Gold that has already been endorsed by Cardinal.
Early work at Rio Tinto’s planned Winu copper mine could start before March next year, with the company submitting papers for federal environmental approvals today.
Philanthropist and experienced mining executive Kerry Harmanis has been appointed as non-executive chairman of gold explorer Talisman Mining, sending the company's shares up by nearly 14 per cent.
Euroz subsidiary Westoz Funds Management has emerged as a strong critic of the proposed takeover of Zenith Energy, one day after Zenith revealed the scheme was at risk of failing.
Sydney-based explorers Gateway Mining and Navarre Minerals are raising a collective $15 million for gold projects through underwritten share placements with Western Australian brokers.
One of Western Australia’s largest gold mines has been forced to shut down after a safety incident involving one of Saracen Mineral Holdings’ underground miners.
The directors of Alto Metals have recommended shareholders vote against a takeover bid from Habrok Mining, saying the offer was opportunistic and undervalued the company.
CIMIC Group’s mining services business has received a $2.5 billion contract extension with Jellinbah Group for work at the Lake Vermont coal mine in Queensland.
AustSino Resources Group will receive $100 million from an entity associated with its chairman to facilitate the company’s planned investment in Sundance Resources.
The long-awaited Southdown Magnetite project, near Albany, has achieved a win after obtaining federal environmental approval, but securing funding is a challenge.
Veris subsidiary Aqura Technologies has signed $2.2 million in contracts including with BHP, which will use the company’s communications service across its Pilbara mine sites.
Bellevue Gold says it will use the proceeds from a $120 million capital raising to fast-track the development of its namesake project in Western Australia.
Antipa Minerals has secured its third farm-in deal, with IGO to invest up to $30 million to explore the company’s tenements in the Paterson copper-gold province.
Nickel miner IGO has reported solid production for the financial year, including its Nova mine in Western Australia having exceeded guidance for all metals produced.
Alumina Limited says its joint venture with aluminium giant Alcoa has been assessed $212 million in back taxes over historical alumina sales to a government-operated aluminium plant in Bahrain.
Super Pit owners Saracen and Northern Star have reported positive gold production for the June quarter, with Saracen reaching record output for the financial year.
Bardoc Gold will use $24 million raised from a share placement to advance its namesake project in Western Australia, while Galena Mining, DevEx Resources and Matador Mining have also launched capital raisings.
Zenith Minerals and Marquee Resources have both launched capital raisings today, while Bellevue Gold announced a maiden indicated resource for its namesake gold project in Western Australia.
Mining technology company Imdex has boosted its rock knowledge capability after completing the purchase of AusSpec International for a total consideration of $8.5 million.
Auteco Minerals is set to ramp-up exploration activities at its flagship Pickle Crow gold project in Canada using funds raised from a $30.4 million share placement.
Torian Resources, Avenira and Element 25 have each launched capital raisings today, with the proceeds to go towards gold and manganese projects in Western Australia.
Gold developer Ora Banda Mining has launched a $55 million equity raising following the completion of a definitive feasibility study (DFS) at its flagship Davyhurst project in Western Australia’s Eastern Goldfields.
Adbri subsidiary Cockburn Cement is expected to cut up to 50 jobs after Alcoa of Australia did not renew its contract to purchase about $70 million of lime each year.
