Mining

Perth company Minemakers has struck a deal with an African investor that will deliver new funding of $28 million for its Baobab phosphate project in Senegal.

Macmahon Holdings was hit with large protest vote at today's annual general meeting, after major shareholder CIMIC Group surprised the mining services firm with a large 'no' vote.

Singapore-listed contractor Ausgroup has reported a net profit of just $472,000 for the September quarter after incurring higher restructuring costs and delays to its new marine services business.

Kingsrose Mining managing director Scott Huffadine has resigned following a series of operational setbacks at the company's Indonesian gold mine, on the same day Kingrose postponed repayments on $10.1 million of debt to non-executive director Bill Phillips.

Gold miner Metals X has reached commercial terms for the formation of a ‘big pit’ near Kalgoorlie by combining its recently acquired Georges Reward project with Southern Gold’s neighbouring Cannon mine.

Local explorer Rox Resources is considering either selling its Reward zinc project or spinning it out into a new company, as part of a strategic review of its projects and assets.

Gina Rinehart’s Hancock Prospecting has been affected by weak commodity prices and is bracing for more of the same, revealing its 2014-15 revenue slid by more than 22 per cent to $2.04 billion.

Perth companies Valmec and Northern Minerals have struck agreements to raise up to a combined $8.2 million through the issue of convertible securities.

SPECIAL REPORT: What’s next for the iron ore sector, as the final two ‘mega’ iron ore projects approach completion in the Pilbara?

SPECIAL REPORT: The potential for mass production of electric cars is among a number of high-technology trends sparking interest in Western Australia’s lithium sector, with a series of companies touting projects to meet a forecast surge in demand.

SPECIAL REPORT: With a mere handful of projects under construction, it’s what is in store for the future that has everyone guessing. Click through to also see our list of WA mining projects.

A third of Mirabela Nickel’s workforce at the Santa Rita mine and 180 contractors have been made redundant, as the troubled miner begins scaling back production at its nickel project in Brazil.

Private equity group Auctus Chillagoe looks set to gain control of Atherton Resources, after major shareholders said they would vote in favour of the improved $56 million offer.

Local explorer Black Rock Mining has received firm commitments for a $5 million capital raising, including from an entity associated with its chairman, Stephen Copulos.

Regis Resources has announced a significant board restructure under which Nick Giorgetta will step down as chair and a new executive director will be appointed.

Global miner Newmont Mining will spend up to $120 million expanding its Tanami gold project in the Northern Territory, including construction of a second decline in the underground mine and upgrades to the plant’s capacity.

Troubled miner Mirabela Nickel has been placed in receivership after the directors put it into administration last month.

MZI Resources has officially achieved first production at its Keysbrook mineral sands project near Serpentine, three weeks ahead of schedule.

Newcrest Mining's quarterly production is likely to be hit after the gold producer it confirmed a mill at a major mine will remain out of action.

Production is a step closer to restart at the Mt Cattlin lithium mine, with General Mining Corporation signing a four-year offtake deal with Mitsubishi Corporation.

Engineering contractor Calibre Group has announced a radical restructuring that includes a partial buyout of minority shareholders, delisting from the ASX, and the purchase of Sydney-based company Diona for $45 million.

Gindalbie Metals is handing over leadership of Karara Mining, with the venture's major shareholder, Chinese steelmaker AnSteel, appointing a new chief executive.

Uranium hopeful Bannerman Resources is looking to take full ownership of the Etango project in Africa and become debt free, through a deal with its two major shareholders.

Gold miner Ramelius Resources has upgraded its full-year production forecast after a better than expected September quarter.

Local explorers Burey Gold and Excelsior Gold a raising a combined $6.7 million to fund ongoing work at their respective gold projects.

Australia's incoming chief scientist believes the country should work towards zero emission energy generation and must consider nuclear as part of the mix.

Byrnecut subsidiary Murray Engineering has expanded interstate with the acquisition of electrical and mechanical engineering business SRO Group for an undisclosed sum.

BC Iron expects to save about $2.3 million over three months after joint venture partner Fortescue Metals Group agreed to set the rail and port tariff for the companies' Nullagine project in accordance with varying iron ore prices.

MZI Resources will raise up to $45 million to repay loans and fund ongoing work, as its Keysbrook mineral sands project moves into production.

Bruce McFadzean says mining executives need to rethink their remuneration structure, after joining Sheffield Resources on a package that ties most of his income to development of the Thunderbird mineral sands project.

Aspiring miner TNG has moved a step closer to its Mount Peake titanium-vanadium-iron project in the Northern Territory, after inking a financing agreement with Caterpillar Financial.

Metals X’s $82 million takeover offer for embattled copper miner Aditya Birla Minerals won’t succeed after the target’s largest shareholder said it wouldn’t be accepting the offer.