Galileo Mining has received commitments to raise $5 million through a share placement, including from IGO, as it seeks to ramp-up exploration activities at its Fraser Range project in Western Australia.
Saracen Mineral Holdings was one of the first mining companies to respond to COVID-19, and managing director Raleigh Finlayson says the changes have profoundly changed his working life and the company’s operations.
The resources sector has enthusiastically embraced a new government-backed app designed to facilitate travel across Western Australia but the freight sector has been lukewarm in its response, despite being touted as a major beneficiary.
Gold Road Resources remains on track to meet its full-year operating and cost guidance after reporting steady gold production for the March quarter and a healthy financial position.
Kerman Contracting has secured works on a laboratory at Rio Tinto’s Koodaideri mine site in the Pilbara under a new sub-contract with Scott Technology.
The conditions that have slowed growth in WA’s lithium sector won’t last forever and there are some great opportunities for companies taking the long-term view.
Strandline Resources has secured two thirds of revenue for its Coburn mineral sands project in Western Australia after signing three binding offtake agreements with international companies.
Rare earth explorer Northern Minerals is seeking up to $27 million from a capital raising to fund its development projects, as well as cover costs associated with the Browns Range pilot plant.
South32 has posted a near 18 per cent rise in third-quarter metallurgical coal output and says it has received approval to restart its South African coal operations during a coronavirus-related lockdown, although at a reduced rate.
Sandfire Resources has withdrawn its full year production guidance, citing uncertainty over the impacts of COVID-19, but says operations at its DeGrussa copper-gold mine in Western Australia remain largely unaffected.
Salt Lake Potash has moved a step closer to developing its Lake Way project in Western Australia after receiving $20 million in commitments from a capital raising.
Rio Tinto is maintaining its 2020 production guidance for ore, bauxite, alumina and aluminium but expects mined and refined copper to drop further amid COVID-19 restrictions.
The liquidator of Kimberley Diamonds, which was placed into administration in 2015, has announced the full return of money owed to around 125 former company employees.
Centurion has received a three-year contract extension to provide integrated logistics services for CITIC Pacific Mining’s Sino iron project in the Pilbara.
Chalice Gold Mines’ shares were up more than 80 per cent today after releasing drilling results this morning while Mandrake Resources had big gains yesterday after announcing a farm-in deal with Andean Energy Resources on adjacent ground.
The COVID-19 pandemic is forcing investors who have shunned Western Australian mining companies for decades (because they prefer buying shares in banks) to smarten their game or risk being left holding yield-free assets as bank dividends dry up.
Swift Media has signed $1.2 million in contracts to provide communications equipment at Rio Tinto and Atlas Iron’s workforce accommodation villages in the Pilbara.
Mineral sands company Iluka Resources has withdrawn its full year earnings guidance, citing market uncertainty as a result of COVID-19, but says it will proceed with its proposed iron ore royalty demerger.
Dacian Gold has announced details of a partially underwritten capital raising priced at just 30 cents per share as it seeks to strengthen its balance sheet and rebuild its mining operations.
Blackstone Minerals is raising $6.8 million from a share placement to an overseas nickel manufacturer, as part of an agreement to co-develop a nickel processing facility in northern Vietnam.
Drilling contractor Swick Mining Services will proceed with its first interim dividend payout in five years, while also announcing a $1 million share buy-back program.
Strandline Resources is on track to develop its first project in Tanzania after signing a $US26 million ($A43 million) finance facility agreement with an Africa-based lender.
Rio Tinto has disclosed that 700 fly-in, fly-out workers have moved to Perth from interstate or overseas because of new travel restrictions, more than twice the number at mining rival BHP.
Australis Oil & Gas is taking action to preserve cash reserves through a number of cost-reduction measures as it deals with the current low oil price and impacts of COVID-19.
Panoramic Resources will receive an $8 million unsecured loan from major shareholder Zeta Resources to fund activities at the Savannah nickel mine in Western Australia.
Northern Star Resources has reported a confirmed COVID-19 case in its Alaskan operations, saying an employee tested positive while at home on rostered leave.
