Mining

A report backed by the Pilbara’s big miners has found that iron ore exports are expected to grow modestly over the coming decade, well below the extra port capacity the miners themselves are seekin

Peel Mining has sold a 19 per cent stake in Saturn Metals, worth $7 million, and is no longer the major shareholder.

Property group Pindan has secured a $3.4 million contract for work on Fortescue Metals Group’s Iron Bridge magnetite project in the Pilbara.

EHR Resources has signed a strategic alliance with a privately owned company focused on diamond exploration in Botswana, marking its third diamond deal in three months.

Musgrave Minerals traded up to 54 per cent higher today after posting recent drill results for its flagship Cue gold project in Western Australia.

Black Rock Mining has entered into a strategic alliance agreement with South Korean industrial company Posco to develop its flagship graphite project in Tanzania.

Iron ore miner Vale has been ordered by a Brazilian court to shut down one of its mining hubs to help address the spread of COVID-19, adding to a string of supply disruptions that have bolstered the commodity’s price.

Private civil contractor Whittens has secured a $14.4 million construction contract for work associated with Roy Hill Holding's iron ore mine in the East Pilbara.

Albemarle Corporation could have the whip hand in a further consolidation of Western Australia’s lithium industry, as its partner in the Greenbushes mine, Tianqi Lithium, seeks to sell a stake in its Kwinana refinery and/or the mine itself.

Northern Minerals managing director George Bauk has resigned from the role after 10 years, with the West Perth-based company now on the hunt for a new leader ahead of a planned restart of its Browns Range operations.

Legend Mining has launched a $20 million share placement to progress its nickel-copper project in the Fraser Range, while fellow Western Australian explorers Auroch Minerals and Xantippe Resources have also announced capital raisings.

Mining contractor Macmahon Holdings has secured $700 million in work with Byerwen Coal for services at the company’s mine in Queensland.

Subiaco-based Peninsula Energy is raising $40.3 million under a heavily discounted rights issue to help repay its existing term debt and advance its flagship uranium project in the US.

Aboriginal-owned business Mallard Deemy has secured $11 million in contracts with Fortescue Metals Group for work at the Eliwana iron ore mine in the Pilbara.

Subiaco-based Perseus Mining is set to gain control of a potential new gold project near its Sissingue mine after announcing a friendly takeover bid for Exore Resources in a scrip deal worth around $60 million.

Rio Tinto has committed to review its indigenous heritage approach and its plans in the Juukan area, near the Brockman mine, after the destruction of an ancient rock cave provoked national outrage; while community representatives have described their efforts leading up to the blast.

The Australian minerals sector has experienced a 20 per cent drop in exploration spending over the March quarter, with industry groups calling for more government support.

Mining services companies Mader Group and Lycopodium have downgraded their full-year earnings guidance, citing the impacts of the coronavirus outbreak on their operations.

Subiaco-based Black Cat Syndicate is set to acquire two gold projects from Silver Lake Resources in a deal worth around $5.2 million.

Veris’s technology and communications business has secured new work with BHP and Oz Minerals, as well as a contract with Cubic Defence Australia, totalling $4.3 million.

Emeco Holdings’ recently acquired subsidiary Pit N Portal has secured two contracts with Mincor Resources for work on its nickel operations in Western Australia.

The environmental watchdog has recommended approval for the development of an $85 million gold-copper project in Ravensthorpe, wholly owned by ACH Global’s mining business.

Rox Resources, Kingston Resources and Core Lithium have received commitments to raise a combined $20.6 million under share placements, with part of the proceeds to go towards the companies' gold and lithium projects.

A Pilbara Aboriginal group is calling for changes to heritage regulations after an archeologically significant rock shelter was impacted by a detonation on a mine site about seven years after operator Rio Tinto was given approval for the move.

Downer has secured a $450 million contract with Fortescue Metals Group for early mining and maintenance services at the Eliwana iron ore mine in the Pilbara.

Brazilian mining company Vale will help fund the acquisition of its struggling Goro nickel-cobalt operations in New Caledonia in a deal under discussion with New Century Resources.

Kairos Minerals is looking to raise up to $4.2 million from a share placement and rights issue, while RTG Mining and Paterson Resources have also recently launched capital raisings.

Panoramic Resources has edged closer to the restart of its Savannah nickel mine in the East Kimberley after launching a $90 million capital raising, with Western Areas to emerge as a new strategic investor.

Shares in Bryah Resources were trading as much as 50 per cent higher today after the Perth-based explorer reported recent drill results at its manganese project in Western Australia.

Nearly 50 drilling projects will be funded through the state government’s Exploration Incentive Scheme, with winners including big businesses such as AngloGold Ashanti Australia and Rio Tinto.

BHP and Fortescue Metals Group have welcomed new inspection rules for iron ore imports into China, but only after the news raised concerns that trade tensions between China and Australia could have claimed another victim.

Kalium Lakes has formally launched a heavily discounted share placement and rights issue to raise up to $61 million, with the funds to cover an overrun in capital costs at its Beyondie potash project in Western Australia.