Former state treasurer Troy Buswell has been promoted to chief financial officer at civil and construction contractor Brierty, which today annunced that 14 positions have been made redundant as it seeks to shave costs.
Perth-based Braziron has announced plans to delist from the ASX and leave the resources industry through the reverse takeover of a private road safety barriers business in a deal worth $6.3 million.
Atlas Iron’s creditors appear likely to own the majority of the business after shareholders voted in favour of the iron ore miner’s proposed debt-for-equity swap at a meeting today.
Gold Road Resources has announced the second-largest capital raising by a Western Australian company for the year, which it will use to fund ongoing work at its Gruyere gold project near Laverton.
Rare earths miner Peak Resources plans to restructure its funding arrangements to increase its stake in the Ngualla joint venture, with a $7 million capital raising put forward to investors.
Metals X looks set to succeed in its long-running battle for control of Aditya Birla Minerals, with the takeover target recommending shareholders accept an increased offer that values the company at about $103 million.
Technology investor and company director Gavin Rezos has been appointed chairman of Sydney company Resources & Energy Group, which has just bought a small gold project near Southern Cross.
The creditors of Atlas Iron have voted in favour of the iron ore miner’s proposed debt-for-equity swap, with the fate of the scheme, and the company, now in the hands of shareholders who will vote next week.
BHP Billiton spinoff South 32 has cut third quarter production at several businesses but remains on track to meet its full-year guidance across all its units.
Perth-based junior miners MOD Resources, Primary Gold and Alloy Resources have announced plans to raise a combined $10.4 million to fund ongoing work at their respective projects
BHP Billiton has cut its iron ore production target for the second time this year, on account of lower expected output at its operations in the Pilbara.
Rio Tinto has reaffirmed its guidance for iron ore shipments in 2016 but slashed production guidance for next year after saying it was facing delays with its AutoHaul driverless trains project in the Pilbara.
Rio Tinto will supply China's Sinosteel with 70 million tonnes of iron ore over the next five years after extending the companies' joint venture in Western Australia.
The gold sector has continued to be positive for investors and stockbrokers, with a $12.5 million capital raising announced today by West African Resources adding to more than $150 million worth of deals launched by Western Australian companies this year.
Mining giant Rio Tinto has backed down from its decision to double the payment period on its supply contracts after widespread criticism from politicians and an outcry from suppliers.
Japanese miner Sumitomo Metal Mining Oceania has met its funding commitment conditions to acquire a further 20 per cent stake in Gold Road Resources’ South Yamarna joint venture project.
The state’s building commissioner says contractors and suppliers need to be paid within 50 days, as controversy over the extension of Rio Tinto’s payment terms continues.
Fortescue Metals Group says it is running ahead of its production target and may be able to increase its full-year guidance, but has cautioned it may not hit its cash cost target.
Alumina giant Alcoa could be on the cusp of a strong growth period, yet significant challenges remain in its way in ensuring it can keep up with low-cost global competitors.
Prime Minister Malcolm Turnbull says he will raise mining contractors’ concerns with Rio Tinto over the mining giant’s move to double its standard payment terms, while premier Colin Barnett went further, saying its move was not fair or reasonable.
