Mining giant BHP has posted a 37 per cent drop in full-year year net profit after taking heavy writedowns on its US shale assets, while iron ore production lifted slightly to 275 million tonnes.
US group Black Mountain Metals has threatened to walk away from its proposed $66 million takeover bid for Poseidon Nickel after the local company disclosed it was pursuing a substantial capital raising.
Mining equipment company Imdex has attributed a big jump in revenue for the 2018 financial year to improved market conditions in the resources sector and growing interest in the company’s technology offerings.
Fortescue Metals Group has posted a 58 per cent drop in annual profit for the 2018 financial year compared with the previous period, but has increased its dividend payout ratio to shareholders.
Privately-held US group Black Mountain Metals, which has recruited three experienced Perth mining executives to its leadership team, has flagged a takeover bid for Poseidon Nickel at six cents per share.
Evolution Mining has lifted full-year profit 21 per cent to $263.4 million, helped by the sale of its Edna May gold mine in Western Australia for $90 million.
Welshpool-based supplier of emergency refuge chambers to the mining industry, MineARC Systems, was declared the Telstra WA Business of the Year last night, while Perth Cat Hospital, Pachamama and Earbus Foundation also picked up prizes.
West Perth-based Neometals will demerge its Barrambie vanadium and titanium project early next year, as the businesses gears up for a final investment decision on its planned Kalgoorlie lithium hydroxide refinery in mid-2019.
Gold Road Resources has announced the retirement of long-standing chief executive Ian Murray, with former AngloGold Ashanti general manager Duncan Gibbs set to take the reins.
Chris Ellison-led Mineral Resources has posted a big increase in profit to $272 million for the 2018 financial year, helped by a strong performance in the company’s mining services division.
Ausdrill has announced its first major acquisition since the retirement of founder Ron Sayers last month, with the company set to purchase mining services contractor Barminco in a cash and scrip deal worth $271.5 million, while also announcing a $250 million capital raising.
Resources logistics company Bis has appointed former Broadspectrum chief executive Graeme Hunt as its new chairman to replace the retiring Charles Lenegan, while non-executive director John Beevers is also retiring.
Nearly 140 major projects are either under way or planned for WA, new research by Business News has found. Click through to access the new list on the BNiQ Search Engine.
A joint venture between Perth companies Ausdrill and Barminco has been awarded a $US160 million ($220 million) mining services contract for Roxgold in West Africa.
GR Engineering Services will receive an $8.3 million payout from Eastern Goldfields, more than a year after launching proceedings in the Supreme Court in relation to a contract dispute at the miner’s Davyhurst operation.
The loss of iron ore haulage contracts with Cliffs Natural Resources and Mount Gibson Iron is expected to dent rail operator Aurizon’s earnings by about $50 million in the 2019 financial year.
MOD Resources has increased the capacity of its planned processing plant at the T3 copper project in Botswana, while also appointing a lead engineer for the feasibility study, along with debt advisers for the project.
Rio Tinto is exploring a public listing of its Iron Ore Company of Canada business, banking and industry sources say, as it focuses on boosting revenue from its flagship Australian assets.
About 1,500 Alcoa of Australia workers are striking across the company’s Western Australian operations, with attempts to establish a new enterprise bargaining agreement with Australian Workers Union members so far failing.
Kewdale-based manufacturer Fero Group appears set to be acquired by global outifit DYWIDAG-Systems International (DSI) Group, after the competition watchdog said it would not oppose the deal.
Altura Mining has decided not to pursue a takeover from its largest shareholder, after its corporate adviser Citigroup began investigating a potential transaction in April.
Police in Western Australia have revealed the elaborate lengths thieves went to in a bid to steal gold from Northern Star Resources' Kanowna Belle mine near Kalgoorlie.
Operations at Doray Minerals’ Deflector gold-copper mine in the Murchison region have been halted after a fire broke out at the site early this morning.
WA-based Azark Projects is calling on the federal government to review its preference for a nuclear waste storage facility in South Australia, with the George Gear-led company proposing Leonora as a more suitable location.
Perth-based conglomerate Wesfarmers has sold its stake in the Bengalla coal mine in NSW, continuing a major reshaping of its portfolio after the sale last year of another coal mine and the planned spin-off of its Coles business.
