Belmont-based GR Engineering Services has been contracted to undertake a scoping study at Primary Gold’s Mount Bundy project in the Northern Territory.
Rox Resources has locked horns with Marindi Metals over a failed bid to acquire its stake in the Reward zinc project, a day after Marindi started legal action against Kidman Resources over another deal which Kidman says doesn’t exist.
Diversified surveying and contracting group OTOC said today there had been a reduction in the volume of work available for its infrastructure division at the immigration detention centre on Nauru, with the slowdown expected to hit divisional earnings.
Before the unexpected (and perhaps unsustainable) rise in the price of iron ore, a more interesting trend was developing in the mineral that could put a spring under one of Western Australia’s most
Fortescue Metals Group has signed a $US473 million ($A626 million) financing agreement with a unit of China Development Bank to fund the ongoing construction of eight very large ore carriers (VLOC).
The first contribution of the Roy Hill project has failed to balance the impact of falling iron prices on the accounts of Gina Rinehart's Hancock Prospecting which recorded a one third drop in net profit from operations to $443 million.
Swick Mining Services shares closed 14 per cent higher on the ASX today after the company announced it had been named the preferred proponent for underground drilling work for Newmarket Gold.
Fortescue Metals Group chair Andrew Forrest has taken a shot at his iron ore mining competitors for mining “the easy stuff” and not working to bring subeconomic ores up to a mineable level, speaking at the company’s annual general meeting today.
Global miner Rio Tinto has suspended one top executive with immediate effect while another is stepping down over payments made in 2011 related to the Simandou iron ore project in West Africa.
Altura Mining has attracted a Chinese lithium battery producer for a $41.6 million investment in the business to assist with the development of its Pilgangoora lithium project in the Pilbara.
Gold Road Resources has entered into a joint venture agreement with South African mining giant Gold Fields for its Gruyere project near Laverton, in a deal worth $350 million plus royalties.
Mineral sands miner MZI Resources has announced the resignation of both its managing director and chief operating officer, while finalising a $US16 million loan deal.
Graphite explorer Metals of Africa has announced a $9 million capital raising and rebranding plans, with the company to change its name to ‘Battery Minerals Limited’.
Mining explosives maker Orica has flagged a cautious outlook for the 2017 financial year despite swinging to a full-year profit on the back of sharp spending cuts and improving commodities prices.
In May 2015, mining executive Julie Shuttleworth had to deal with two major developments in her life. She had just started as general manager of Fortescue Metals Group’s Solomon mine when she found she was pregnant with her first child.
Perth gold miner Saracen Mineral Holdings has locked in a financing facility of up to $150 million with a banking syndicate, replacing a previous loan deal that expired in September.
The founder and chairman of Fortescue Metals Group has reaffirmed his commitment to the iron ore industry by increasing his stake in the business, buying $6.9 million worth of shares in an on-market trade.
Perth-based miner South32 has entered into an agreement to buy the Metropolitan Colliery and a 16.7 per cent stake in the Port Kembla coal terminal in NSW from Peabody Energy Corporation for $US200 million ($A261 million) in cash.
The youngest son of the late John Roberts, who founded construction company Multiplex, has joined the board of Mineral Resources, filling the seat left vacant when long-serving director Joe Ricciardo retired in April.
Altura Mining has followed the example of neighbouring lithium project developer, Pilbara Minerals, by purchasing a mothballed mine camp from Roy Hill Holdings.
Soon-to-be lithium miner Galaxy Resources has expanded an existing agreement with investment group OCP Asia to borrow a further $16 million to meet working capital costs until first revenue is achieved at its Mt Cattlin mine.
Rio Tinto has agreed to sell its its stake in the Simandou iron ore project in Guinea to partner Chinalco, setting the stage for a sizeable new competitor.
Chevron has blamed problems at one of its overseas suppliers and inadequate planning for a $US5 billion ($A6.6 billion) blowout in the cost of its Wheatstone liquefied natural gas (LNG) project.
Aspiring lithium miner Pilbara Minerals has agreed to purchase Roy Hill Holdings’ dormant 300-person camp facility for use at its Pilgangoora project for an undisclosed sum.
