Local explorer Geopacific Resources has kicked off a $15 million capital raising to fund the earn-in and development of the Woodlark gold project in Papua New Guinea.
Graphite hopeful Kibaran Resources has received firm commitments for a $10.9 million capital raising to fund development work at its Epanko project in Tanzania.
An $86 million insurance settlement accounted for almost the entirety of Perth-based iron ore miner Mount Gibson Iron’s profit result for the 2016 financial year, however it was a substantial improvement on last year’s $911.4 million loss.
Perth-based Rox Resources accepted a revised offer from Marindi Metals for its stake in the Reward zinc-lead project in the Northern Territory, with the new cash-and-scrip deal worth $21 million.
Miner BHP Billiton has posted a loss of $US6.4 billion for the 2016 financial year following its $7.2 billion impairment of US shale assets in January, a slightly better result than had been anticipated by the market.
Engineering group RCR Tomlinson has won a $120 million contract to build processing infrastructure at Rio Tinto’s Silvergrass iron ore mine in the Pilbara.
Litigation funder IMF Bentham has announced it will fund a shareholder class action against former directors of collapsed miner Kagara, which went into administration in 2012.
Subiaco-based Perseus Mining has awarded engineering company Lycopodium a $38.4 million contract to carry out work at its Sissingue gold project in Cote D’Ivoire, Africa.
A new uranium mine in the eastern Goldfields region has been recommended for approval, with a number of strict conditions imposed by the Environmental Protection Authority.
Former federal Liberal MP Sophie Mirabella has found a new career after last month's second consecutive election defeat - working in mining with Gina Rinehart.
Local minerals explorer Kasbah Resources has received a takeover offer from a Vietnam-focused nickel miner, which values the target at about $21.1 million.
Scarborough-based West African Resources has tapped investors for a $21 million capital raising to pay off debt and fund ongoing development of its Tanlouka gold project.
Heron Resources is the latest company to announce plans to spin-out its non-core assets into a new company, following similar recent movements by Metals X, TNG and Indiana Resources.
Rox Resources has received a competing offer for its stake in the Reward zinc project in the Northern Territory, with Marindi Metals saying its offer will expire at 5pm today if it is not accepted.
Brendon Grylls has snatched back leadership of the WA Nationals and will press the Barnett government to support his plan to slug BHP Billiton and Rio Tinto with a $5 per tonne mining tax.
A move flagged by National Party leadership challenger Brendon Grylls to effectively double the rate of the royalty paid by the state’s two biggest iron ore miners would make Western Australia one of the most punitive jurisdictions for taxes on production of the commodity.
Legend Mining has sold its stake in gold and nickel miner Independence Group for $4 million, with the local explorer netting about $2.5 million profit from the sale.
Local innovators and resources industry professionals, including Karara Mining, Barminco and Fortescue Metals Group, were recognised at two separate awards ceremonies held this week.
Craig Munro-chaired Gulf Manganese Corporation has received a $US10 million ($A13 million) equity commitment from an Indonesian investor to progress development of its Kupang smelting hub in West Timor.
Shares in mining equipment supplier Emeco Holdings were up 50 per cent today after the company revealed an earnings uplift despite continued tough conditions.
Diversified miner Metals X has confirmed a $115.6 million capital raising and plans to demerge its gold assets into a new company, which will be led by existing chief executive Peter Cook.
The employment market for geoscientists improved in the three months to June, in a sign that the resources industry might have reached the bottom in this cycle, although more than a third are still getting less than their desired amount of work.
