Failed gold miner Eastern Goldfields has released details of its planned recapitalisation strategy, with the company lodging a prospectus today for a capital raising of between $30 million and $40 million.
A joint venture between Perth-based Clough and Madrid-based Acciona has secured rail construction works at Rio Tinto’s $3.5 billion Koodaideri iron ore project.
Tempo Australia has appointed the former chief executive of failed engineering firm RCR Tomlinson as an adviser, as a potential cost overrun looms over its Victorian solar energy project.
BGC Contracting has been awarded a $24 million contract to deliver bulk earthworks and roads at the Fortescue Metals Group’ $1.7 billion Eliwana iron ore project.
Fortescue Metals Group has agreed to revise the alignment of its Eliwana rail line, currently under construction in the Pilbara, to avoid damaging Aboriginal heritage sites. FMG’s decision is a win for Wintawari Guruma Aboriginal Corporation.
ASX-listed explosives maker Orica said it expected a $191 million writedown in its first-half results, primarily due to equipment defects and obsolete assets at its half-owned Burrup ammonium nitrate plant near Dampier.
Prime Minister Scott Morrison has promised 1000 shipbuilding jobs at Henderson, and opposition leader Bill Shorten has pledged $75 million towards mining exploration, ahead of their debate tonight in Perth.
Gindalbie Metals has estimated that shares in its part-owned Karara iron ore project have a negative value in excess of $3.5 billion, as it seeks to convince shareholders to accept a takeover offer.
Australia's largest underground mining contractor Byrnecut Australia has reported a profit of $20.23 million for the 2018 calendar year, after lifting revenue to $991 million.
Federal Labor is calling on Environment Minister Melissa Price to explain why she approved a controversial uranium mine in Western Australia the day before the national election was called.
Mount Gibson Iron is set to become Australia’s highest-grade exporter of direct-shipping hematite iron ore when its first shipment leaves from Koolan Island later today.
Delays at Northern Star Resources’ Pogo mine have dented the company's quarterly production, but the gold miner forecasts the next quarter’s production will be a record.
Apollo Consolidated has raised $6 million via a share placement, with the funds set to primarily go towards drilling at the company’s flagship Lake Rebecca gold project.
Iron ore miner Fortescue Metals Group has reported flat third-quarter iron ore shipments and cut its annual shipments forecast because of disruptions caused by a tropical cyclone.
Galaxy Resources has abandoned its search for a joint venture partner for Sal de Vida, after no company was willing to inject enough capital for the Argentinian project.
South32 has reported a 37 per cent fall in its third-quarter coking coal production compared to the second quarter, as its continues to focus on keeping down costs at its Illawarra operation.
Ausdrill has sacked an employee and reported them to police after discovering approximately $10 million of allegedly fraudulent payments over eight years.
BHP Group, the world's biggest miner, has joined rival Rio Tinto in cutting its forecast for iron ore output after a tropical cyclone, although analysts expect high prices to limit any impact on profits.
McGrathNicol has been appointed administrators to MZI Resources, just over a month after it announced it was $32.25 million in the red for the half-year to December, compared to a $11.34 million loss from the prior corresponding period.
Altech Chemicals has raised $18 million via a share placement, with the proceeds to primarily go towards the company’s high purity alumina (HPA) plant in Johor, Malaysia.
Takeover target Lynas Corporation has reported a 32.5 per cent rise in production of rare earths oxides during the quarter, as it fends off a takeover offer from retails-to-chemicals conglomerate Wesfarmers.
Antipa Minerals has announced it completed a $5.1 million capital raising, with the funds set to further its exploration in the Paterson province of the Pilbara.
Mineral Resources has announced the pricing of its US$700 million ($975 million) worth of senior unsecured notes due in 2027 will pay a return at a rate of 8.125 per cent per annum.
Rio Tinto will invest an extra $US302 million to develop its Resolution copper project in the US state of Arizona, as it looks to expands output to meet the lucrative market for new energy vehicles.
Sumatra Copper & Gold has announced it intends to appoint Wilkins Kennedy Amersham as administrators of the company, less than a week after Orinoco Gold went into administration.
Ausdrill has sold its waterwell drilling business to the Peter Hutchinson-chaired Vysarn for $16 million, and the ASX hopeful is seeking to raise $13 million.
Copper and gold explorer Stavely Minerals has announced it is has raised $3.2 million via a share placement, and is looking to receive a further $1 million through a share purchase plan.
