Perth-based Bulletin Resources has sold its remaining 20 per cent stake in the Halls Creek gold project to Pantoro in an all-scrip deal worth $13.7 million.
Local explorer Dakota Minerals has tapped investors for a $12.3 million capital raising to fund development of its Lynas Find lithium project in the Pilbara.
A long-running dispute involving the Yindjibarndi Aboriginal Corporation and Fortescue Metals Group is set to continue after YAC members re-elected a bloc of directors who had recently been replaced by a court-appointed receiver.
Local explorer Capricorn Metals has raised $12.6 million from investors to fund development work on its recently acquired Karlawinda gold project near Newman.
The Fair Work Commission has ruled that fly-in, fly-out workers should not receive extra pay if demobilised from a job while on a rest and relaxation period.
Lower gold production has contributed to a 16 per cent reduction in March quarter revenue for Independence Group compared with the same period last year, helping drive the company’s share price down 11 per cent today.
POLITICAL uncertainty and growing demand in the developing world will underpin gold prices for the foreseeable future, according to ABC Bullion chief economist Jordan Eliseo.
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.
