Mining

Gold hopeful Blackham Resources has tapped investors for a $20.3 million capital raising to fund ongoing work at its Matilda project near Wiluna.

Moreton Resources has named Perth-based Macmahon Holdings as the preferred mining partner for its South Burnett coal project.

Rare earths company Arafura Resources says it will incur a $27.7 million non-cash impairment charge against its Nolans project in the Northern Territory.

Global gold producer Newmont Mining has sold its 19 per cent stake in local company Regis Resources.

Former Hanlong Mining boss Hui Xiao has been handed an eight-year prison sentence by a Sydney court for insider trading with regards to two Perth resources companies.

Clive Palmer has promised to rehire 550 workers facing the axe at his troubled north Queensland nickel refinery.

Shares in West Perth-based Drake Resources have doubled in value on news the company is planning to exit the resources industry by acquiring an Israeli tech company for $11 million.

Mincor Resources is planning to pursue gold mining opportunities on its Kambalda tenements, while continuing to pursue long-term developments at its core nickel projects.

Workers at Clive Palmer's ailing north Queensland nickel refinery have been sacked and will have to wait to learn whether they will be rehired.

Pilbara Minerals is targeting lithium and tantalite production at its Pilgangoora project near Port Hedland by the end of next year, after a pre-feasibility study estimated an $184 million capex.

Local company Talisman Mining has tapped investors for a $16.7 million capital raising to fund ongoing exploration at its Springfield copper-gold project in the Murchison region.

Gold hopeful ABM Resources has restructured its board and initiated a capital raising and debt facility agreement as it progresses its Tanami tenements in the Northern Territory.

The consumer watchdog has sought further information from miner Fortescue Metals Group on its proposed tie-up with Brazilian iron ore giant Vale.

Aspiring uranium miner Bannerman Resources chief executive and managing director Len Jubber has resigned after seven years at the helm, with his shoes to be filled with former general manager Brandon Munro.

The recent BHP Billiton organisational restructure will drive productivity improvements without significant operational job losses, according to new BHP operations president of Australian minerals Mike Henry, although the company won’t commit to a deadline for its targeted 290 million tonnes per annum iron ore run rate.

Smaller iron ore miners were the big winners today after the iron ore price surged overnight, whereas Fortescue Metals Group failed to sustain Monday's big gains despite announcing a joint venture and investment deal with Brazil's Vale.

Shares in local explorer Primary Gold closed nearly 40 per cent higher on news it had recruited three new board members, who also happen to be shareholders in the company.

BHP Billiton will axe almost 300 jobs from its Mount Arthur coal mine in the Hunter Valley in New South Wales.

Wesfarmers subsidiary EVOL LNG has won a contract to supply LNG to the power station at Doray Minerals’ Deflector gold project in the Murchison region for an undisclosed sum.

Six-and-a-half years after Chevron started development of Australia’s single largest resources project, the $US54 billion Gorgon liquefied natural gas (LNG) plant has commenced production, though it is by no means complete.

Fortescue Metals Group and Brazilian competitor Vale are looking to reshape the iron ore market, announcing this morning plans for Vale to invest in FMG's mining operations and for the two companies to form a joint venture to sell blended ore into China.

Three local junior miners plan to raise a combined $11.6 million to fund their respective operations.

BC Iron is cutting more workers and contractors at its Nullagine project after its joint venture partner Fortescue Metals Group decided to not buy low-grade iron ore stockpiled at the mine.

BHP Billiton says it remains committed to maintaining its strong balance sheet through the commodities downturn, after ratings agency Moody's downgraded its rating for the global miner.

Lucapa Diamond Company has netted another $9.6 million from the sale of 1,349 carats worth of diamonds recovered from its Lulo mine in Angola.

Western Australia’s unenviable position as national leader in gender pay gap cannot be explained by the prominence of male-dominated industries, according to new national research.

Vimy Resources has appointed GR Engineering Services as study manager for a definitive feasibility study on its Mulga Rock uranium project near Kalgoorlie.

BHP Billiton has agreed to a settlement with Brazilian authorities over the Samarco dam disaster worth at least $US2.4 billion ($A3.15 billion)

Subiaco-based Triton Minerals has been placed into voluntary administration, only two days after the graphite explorer's recently appointed chief executive Garth Higgo said it was well poised to advance its projects toward production.

A component of a pre-feasibility study on Gascoyne Resources’ Dalgaranga gold project has confirmed a $75 million cost to bring it into production.

Aspiring mineral sands miner Sheffield Resources has appointed engineering group Hatch to undertake a bankable feasibility study on its Thunderbird project near Derby.

Canadian policy thinktank the Fraser Institute has ranked Western Australia the best location in the world for mining investment, with Mines and Petroleum Minister Bill Marmion today touting the results as a tick of approval for the state government’s red tape reduction strategy.