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.
There may have been a breach of corporate duties at Queensland Nickel, according to the company's administrators, which have recommended the Clive Palmer enterprise be liquidated.
Mining camp operator Sodexo has pledged to create 400 new jobs for indigenous Australians after becoming the latest company to join the federal government’s employment parity initiative.
Recently revived Eastern Goldfields has called on the Department of Mines and Petroleum to withdraw a request for $8.6 million worth of the company’s bonds.
Local explorer Gascoyne Resources has tapped investors for a $15 million capital raising to fund ongoing work at two of its gold projects in Western Australia.
Suppliers to Rio Tinto face more financial pain after the global mining giant said it would double its standard payment terms to 90 days – twice as long as the average Australian business takes to pay its bills.
ANALYSIS: WA potash hopefuls may have the backing of some high-profile local mining entrepreneurs, but startup costs and a worldwide product glut are major barriers.
Global alumina producer Alcoa World Alumina and Chemicals has announced contracts for more than $350 million in bauxite exports, but the ore will not be sourced from any of its Western Australian mines.
Pilbara Minerals has announced the biggest capital raising by a Western Australian company for 2016, which it will use to fund development of its Pilgangoora lithium project, while also announcing it will put its new Tabba Tabba plant on ice.
Perth-based Victory Mines has announced plans to exit resources through the acquisition of an Israeli-incorporated technology company for about $2.7 million.
MACA is seeking an entry into the east coast civil works market by acquiring a large stake in a privately owned road asset management and maintenance services provider.
An independent expert’s report into Atlas Iron’s debt restructure plan has found lenders would get a much lower dividend if the scheme isn’t approved by creditors later this month.
Fortescue Metals Group plans to move to a full owner-operator model at its Christmas Creek mining operations after Downer EDI's contract expires at the end of September.
About 54 local jobs will be axed when RCR Tomlinson shuts down 14 operations across the country, with the company seeking to significantly reduce its exposure to the depressed coal market.
The resignation of Talisman Mining's managing director and the appointment of a new chief executive at Tiger Resources are among the recent board changes at four local junior miners.
Western Areas and Panoramic Resources have announced plans to raise a combined $80.7 million from investors to continue work at their respective nickel operations in Western Australia.
ANALYSIS: It’s not often that hyperbole merges with reality when it comes to resources, but WA’s gold sector has just thrown conventional wisdom out the window.
Swick Mining Services has won two new contracts for work with Independence Group, while the local subsidiary of Queensland firm Hughes Drilling has also picked up more work.
