Mining

Gold and copper hopeful Stavely Minerals has tapped investors for $19.6 million via a share placement, as it seeks to take advantage of its surging share price to advance its exploration projects.

Silver Lake Resources was the best performer on the ASX 200 today, after it released strong September quarterly results and told investors it anticipates more good news for the financial year ahead.

The state government has factored in lithium hydroxide and carbonate into its royalty arrangement for lithium producers, which it claims will encourage downstream processing and manufacturing.

Pindan has been awarded a $90 million contract for the construction of an operations village for Rio Tinto’s Koodaideri iron ore project, with the announcement coming less than a week after Oxley Holdings acquired full ownership of the contractor.

Venus Metals Corporation has commenced proceedings in the Supreme Court of Western Australia against Davide Bosio, Paul Adams, DJ Carmichael and Spectrum Metals, in relation to Spectrum’s acquisition of the Penny West gold project.

Technology Metals Australia and Strandline Resources both announced their flagship Western Australian projects have reached the due diligence phase of the Northern Australian Infrastructure Facility funding assessment process.

Alcoa has confirmed the appointment of former Rio Tinto executive Michael Gollschewski as the new vice-president of the company’s Australian operations and as president of Alcoa of Australia.

BHP says big miners' profits will not survive if they simply pay lip service to the social and environmental toll of resource extraction, with the "social value" of a business decision increasingly important to a company's long-term future.

A new report from advisory firm BDO has predicted diesel machinery will be banned in all new Australian underground mines by 2023, which could pave the way for a rapid uptake of electric battery-based machinery in the industry.

Solutions to prevent a potential looming shortage of critical minerals can be found in Rio Tinto’s increasingly high tech operations, particularly in the Pilbara, according to corporate relations vice-president Brad Haynes.

Mining and utilities services company Cape has been awarded a contract by Rio Tinto at its Robe Valley project in the Pilbara.

Anthony Billis’s Tribune Resources and Rand Mining have paid out around $11.1 million and $6 million in dividends, respectively.

Utilities infrastructure and mining services company Cape has announced its co-founder, Peter Rowles, has stepped down as chief executive and has been replaced by chief operations officer Greg Hutchinson.

Kalium Lakes has awarded Clarke Energy a contract for a 7.5-megawatt power station, as the remote power station provider re-emerges in the Western Australian market.

Copper and zinc producer Heron Resources has launched a $91 million funding package, as it is set to run out of cash this month, following delays in construction and ramp-up at its Woodlawn zinc-copper project in NSW.

Copper and tin miner Metals X is set to reject a motion by its largest shareholder, APAC Resources, to appoint a representative to its board.

Neometals has entered into a memorandum of understanding with a Chinese research organisation to jointly advance development of the miner’s Barrambie titanium-vanadium project.

The Supreme Court of Western Australia has agreed to delay a creditors meeting of Alita Resources, as its administrators assess more than 11 proposals that could revive the fallen lithium miner.

Trigg Mining has closed trade 30 per cent lower than its initial public offering valuation, as the sulphate of potash explorer finally debuted on the ASX following several delays.

Cardinal Resources has raised $17.6 million through the exercise of listed options, while Black Cat Syndicate and Azure Minerals were also in the market for equity.

Two budding WA sulphate of potash producers have both reached project milestones today, with Agrimin awarding a port contract, while Kalium Lakes has given the green light to develop its Beyondie project.

Kerman Contracting has been awarded a contract for the design and construction of multiple warehouses and buildings at Albemarle Corporation’s lithium hydroxide production plant in Kemerton.

Mineral Resources has terminated a joint venture agreement with Hexagon Resources, while Independence Group bolstered its JV deal with Buxton Resources.

Shares in WA mining maintenance contractor Mader Group have traded at a premium to its initial public offering price on its first day on the Australian share market.

Less than a week after Bunnings admitted to underpaying workers due to payroll error, a second Wesfarmers division has said it discovered a payroll mistake, which has left around 6,000 workers underpaid to a total of $15 million.

Magnis Energy Technologies has unveiled the feasibility study for Australia's first battery manufacturing plant near Townsville, which could put a dent in Western Australia’s ambition to establish the country’s primary battery minerals processing and manufacturing hub.

Eddy Haegel has made a career breathing new life into struggling assets at BHP, including the revival of the mining giant’s nickel business; sharing his story at a Business News breakfast today, he was also bullish about the potential to develop more downstream processing of battery minerals in WA.

AusGroup has been awarded two major contracts, one of which is valued at $6 million for further work on BHP’s South Flank iron ore project.

Talisman Mining has stuck a deal to sell its Sinclair nickel project to Saracen Mineral Holdings for $10 million in cash plus royalties.

Potential shipping capacity at Port Hedland has been increased by 40 million tonnes per annum to 617mtpa, according to the state government.

BHP has been fined after failing to ensure road access to one of its mine sites was safe, causing injury to a fuel delivery driver.

Shares in Stavely Minerals have more than tripled today after the junior reported “stunning” high-grade intercepts at a shallow depth at its Thursday’s Gossan porphry gold-copper project in western Victoria.