Mining

Cazaly Resources has signed an agreement to sell its Parker Range iron ore project in the Yilgarn region to private explorer Gold Valley Iron for up to $13.35 million plus royalties.

TNG is set to raise $15 million via a share placement and rights issue, while Lithium Australia has announced a $6.5 million rights issue.

Rio Tinto has backed a STEM initative in the Pilbara, while Fortescue Metals Group has thrown its support behind Ricky Grace's Girls Academy.

PolarX will undertake a $4.3 million rights issue, less than a week after it secured the same amount via an earn-in investment from Lundin Mining.

Mincor Resources will bring a halt to its gold operations by September, having last month announced a capital raising to facilitate the restart of its Kambalda nickel project.

Rio Tinto has awarded a contract around $30 million to Onsite Rental Group to provide ancillary and light mobile equipment over the next three years.

Mining services contractor Ausdrill anticipates a non-cash impairment of between $75 million and $95 million in its results for this financial year.

Base metals junior Peel Mining has raised $7 million through an oversubscribed share placement, with the funds to go towards its projects in the Cobar Basin in NSW.

Salt Lake Potash has raised $20.25 million via a share placement, with the funds set to advance the development of its Lake Way project.

Tim Roberts, whose estimated net worth varied wildly in three recent rich lists, has stepped away from the public limelight by resigning from the board of ASX-listed Mineral Resources.

Wesfarmers has appointed a Perth-based company director and member of the Takeovers Panel to its board as a non-executive director.

Shares in Dacian Gold have plunged up to 68 per cent today after a significant downgrade of June quarter production guidance from its flagship Mt Morgans operation.

Titan Minerals has raised $20 million via a share placement, as the Subiaco-based junior seeks to complete its acquisition of Canada-based Core Gold and advance Core's Dynasty Goldfield project in Ecuador.

Uranium explorer Deep Yellow and Rare earths hopeful Pensana Metals have raised $9 million and $5 million, respectively, as the two companies seek to advance their projects in Africa.

Shares in NRW Holdings have fallen by as much as 13.5 per cent today, following a revision in its forecast for the second half of this financial year after Gascoyne Resources entered administration on Sunday.

Lepidico has raised $10.8 million via a rights issue, with the funds to go towards its lithium hydroxide production product.

Many minority shareholders of Flinders Mines have voiced discontent at the conduct of their board.

Australian Mines says it cannot explain sharp rises in its share price, after the ASX issued it with two queries in the space of seven days.

Orthocell has capitalised on a sustained rally in its share price to raise $10.6 million via a share placement at 40 cents per share.

Birimian has appointed DRA Global to provide engineering services to optimise the process flow sheet for its $196 million Goulamina lithium project.

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Auroch Minerals is tapping into the resurgence of nickel activity in Western Australia, striking a deal to acquire Minotaur Exploration’s Saints and Leinster projects near Kalgoorlie.

One of the state’s largest indigenous contractors, which counted Fortescue Metals Group and Roy Hill Holdings among its clients, has been placed into liquidation.

The boss of gold mining consultancy Surbiton Associates has rejected reports that Australian gold production is set to fall substantially.

SRG Global has secured a contract worth up to $60 million with South32 at its Worsley Alumina operations near Collie.

Former Perth Airport chief executive Brad Geatches has been appointed as the chair of the Pilbara Ports Authority.

Strandline Resources has raised $5.5 million via a share placement, with the proceeds set to advance its Coburn mineral sands project.

Mincor Resources has raised $18 million in a share placement and is seeking to secure an additional $5 million via a share purchase plan to facilitate the restart of its Kambalda nickel operations.

Fungi that draws gold from its surroundings has been discovered in Western Australia, stunning scientists who say it could signal new deposits.

Millennium Minerals will take on more debt after revising production guidance at its Nullagine gold project to include increased costs and lower output.

Middle Island Resources says a defeating condition of a takeover offer made for fellow Western Australian gold junior Alto Metals has been triggered, after alleging shortfall shares were issued contrary to the terms of a prospectus.

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