Mining giant Rio Tinto will hold back all outstanding performance-related pay of previous chief executive Sam Walsh for at least two years, until investigations into a payments scandal in West Africa are more advanced.
Mining services business Ausdrill has won a $70 million extension to its contract for work at Peabody Energy Corporation’s coal mines on the east coast.
Gold miner Red 5 has revealed the financial extent of having to temporarily shut down its Siana mine operations, today flagging a $70 million impairment in its half-year accounts.
Spanish-controlled CIMIC Group has stood its ground over its Macmahon Holdings takeover play, telling the market today it would not lift its offer price despite the target entering into a counter-agreement with an Indonesian miner.
BC Iron is branching out of its iron ore focus by spending up to $10.5 million as part of a joint venture with freshly listed sulphate of potash explorer Kalium Lakes.
CIMIC Group's takeover bid for mining services provider Macmahon Holdings has become more complicated after Macmahon signed a heads of agreement that could give Indonesian miner Amman Mineral Nusa Tenggara a 44 per cent stake in the company.
Kidman Resources has bought two lithium tenements from nickel miner Western Areas in a $6 million all-scrip deal, while Lithium Australia has signed a memorandum for a joint venture in Germany.
Southern Cross Electrical Engineering expects to bounce back from a net loss in the first half of the 2017 financial year after announcing the “transformational” acquisition of a Sydney-based electrical contractor.
Shares in mining and civil contractor Brierty have tumbled 23 per cent today despite the company announcing a $3.8 million net profit for the six months to December, which the company said was above guidance.
Osborne Park-based heavy equipment supplier Emeco Holdings has reduced its first-half net loss after tax by around 70 per cent, to $31.3 million for the six months to December.
Iron ore miner Fortescue Metals Group has denied media reports stating it had lodged a $1 billion-plus offer for Wesfarmers' Curragh coal mine in Queensland.
SPECIAL REPORT: Klen International’s work in the gold sector offers a valuable insight into how Western Australian companies are taking the expertise from the state’s resources industry and developing it well beyond the mine pit.
SPECIAL REPORT: Eight years after HiSeis was spun out from Curtin University, executive chairman Don Pridmore believes its use of seismic technology in mineral exploration is starting to gain traction.
SPECIAL REPORT: Strong employment growth in the gold sector partially compensated for job losses in iron ore in the 2016 financial year, according to recently released data from the Department of Mines and Petroleum.
Perth-based GR Engineering Services has kept performance up despite trying times in the mining sector, with profit and revenue slightly lower for the December half-year.
SPECIAL REPORT - MINING SERVICES: Higher commodity prices and investment to maintain iron ore volumes could help lift mining contractors out of the doldrums after several tough years. Click through to see this and links to four other feature stories.
Macmahon Holdings has called out CIMIC Group for what it says is a low-ball takeover bid, saying the Spanish-controlled company should be aware of the improving market for mining services.
Subiaco-based lithium explorer MetalsTech has enjoyed steady gains on its first day of trading on the ASX, after completing a $4.3 million initial public offering.
Perth-based Monadelphous Group has received a number of contracts with multiple clients including Fortescue Metals Group, BHP Billiton and Chevron, with the work worth a combined $120 million.
Shares in Atlas Iron fell 9.3 per cent today despite the company returning to after-tax profit in the six months to December on the back of higher volumes and a lift in the iron ore price.
The competition watchdog has raised concerns over South32’s proposed $US200 million acquisition of Peabody Energy Corporation’s Metropolitan Colliery in NSW, on the grounds that it may lessen competition in the region.
Mineral sands miner Iluka Resources has slid to a full-year loss of $224 million on the back of hefty write-downs related to a restructuring of the company's business amid the downturn.
Gold miner Doray Minerals says it expects to report a $40 million-$45 million impairment charge against its Andy Well and Deflector gold mines, with the former operation also expected to deliver an operational loss for the financial year.
Dacian Gold has reignited plans to undertake a large equity raising, announcing today a $110 million placement and entitlement offer to fund development of its Mt Morgans gold project near Laverton.
Iron ore miner Fortescue Metals Group has joined larger rival BHP Billiton in forecasting a near-term moderation in iron ore prices, downplaying the rally that has helped it boost profits and lift shareholder payouts.
BHP Billiton has posted a first-half profit of $US3.2 billion ($A4.2 billion) as a rebound in prices for iron ore and petroleum helped the resources giant swing back to profitability.
Perth-based explorer Australian Mines has announced plans to raise up to $6.3 million from investors to fund ongoing work at its Sconi and Flemington scandium-cobalt projects.
