A subsidiary of Belmont-based NRW Holdings has secured a $210 million extension of its mining services contract at the Curragh coal mine in Queensland.
A subsidiary of ASX-listed Westgold Resources has been fined $35,000 after a mine site worker was injured when he was struck by a 322 kilogram jib attachment on an integrated tool carrier.
Shares in Galileo Mining, which is backed by Mark Creasy and Chris Ellison, have closed up strongly on their first day of trading after the company raised $15 million via an initial public offering.
Shares in Galaxy Resources have surged after the lithium miner announced a $US280 million ($A371 million) asset sale deal with South Korean giant Posco.
A group of dissident shareholders at Empire Resources is seeking a board overhaul after requesting a general meeting to remove its three directors, including managing director David Sargeant.
New Century Resources has awarded a mining services contract to an indigenous joint venture as part of what the company claims to be an Australian-first agreement with traditional owners.
Mineral Resources has forecast a capital expenditure of $US600 million ($792 million) to build two lithium hydroxide processing modules at its Wodgina mine in the Pilbara, after announcing plans to sell a minority stake in the project earlier this month.
Two local gold miners have announced equity investments in junior explorers today, with Resolute Mining investing $22.5 million in Canadian company Orca Gold while Westgold Resources has taken a 15 per cent stake in Musgrave Minerals.
Independence Group has agreed to sell its Jaguar base metals operation near Leonora for $73.2 million to diversified investment company Washington H. Soul Pattinson and Company.
Iron ore miner Fortescue Metals Group has approved development of its Eliwana mine and rail project in the Pilbara, which has an estimated $US1.28 billion ($1.7 billion) capital cost.
A joint venture between Ausdrill and Barminco has secured a mining services contract worth $US211 million ($280 million) for the Siou mine in Burkina Faso.
Iron ore maganates Gina Rinehart and Andrew Forrest remain in the top 10 of the nation’s wealthiest people, according to the 2018 AFR Rich List, which included 20 Western Australians out of 200 people listed this year.
Chinese-owned mining company Perilya will take a 20 per cent stake in Myanmar Metals as part of a planned capital raising worth up to $35 million to fund its share of the Bawdwin base metals project.
Moves to encourage downstream lithium processing in Western Australia continued today, with the state government announcing a taskforce to develop a strategy for the sector.
Caravel Minerals has announced the resignation of its entire board today, while the outgoing directors have agreed to withdraw legal proceedings against incoming director Alasdair Cooke.
Interest is growing in Kwinana as a possible battery manufacturing hub, with Wesfarmers mooted to be considering a move into the sector and representatives from US electric car manufacturer Tesla in Perth to meet with Premier Mark McGowan today.
BGC Contracting has announced personnel cuts within its Perth head office as part of a restructure that will also move its mining chief operating officer to Brisbane as the company shifts its focus to the east coast.
The startup space supporting the resources sector is Australia’s game to lose, according to Unearthed director Justin Strharsky, but vision and wise investment are needed amid growing competition.
De Grey Mining has raised $6 million, with ASX-listed DGO Gold investing $5 million in the placement, to expand exploration work at the company’s Pilbara gold project.
Titan Minerals has announced an $11 million capital raising to fund the purchase of a processing plant and exploration work at its Torrecillas and San Santiago projects in Peru.
A long-mooted port development at Lumsden Point adjacent to existing operations at Port Hedland has taken a step forward with the Pilbara Ports Authority opening expressions of interest for potential investors in the project.
Shares in the Ian Middlemas-led Paringa Resources fell sharply today after the company completed a $30.2 million capital raising at a heavily discounted price of 22 cents per share, with the proceeds to fund construction of its Poplar Grove coal mine located in the US.
West Perth-based Antipa Minerals has announced a capital raising of $3.3 million, and is planning an entitlement offer for an additional $4.3 million, with the funds to be spent on exploration work at the company’s projects in the Paterson region of Western Australia.
Australian businesses can be confident that strong personal relationships with their partners in China can help overcome any short-term problems between the governments of the two countries, according to two local business executives with close ties to the Asian powerhouse.
Rio Tinto’s autonomous train program at its iron ore operations is one step closer to full implementation after it received approval from the National Rail Safety Regulator.
Bibra Lake-based Minetec has been awarded a $9.5 million contract to supply BHP’s Olympic Dam mine in South Australia with an underground fleet management system, while the tech firm’s parent company, Codan, has posted a profit upgrade.
David Flanagan-led Battery Minerals has boosted its coffers with a $20 million capital raising to fund construction of its Montepuez graphite project in Mozambique.
Kidman Resources has signed a three-year offtake agreement with Tesla for the supply of lithium hydroxide, less than two weeks after announcing Kwinana as the site for a new lithium refinery.
Tungsten Mining has announced a $47 million capital raising to progress studies at its Mt Mulgine project in the Murchison region in Western Australia.
