South Australian Senator Nick Xenophon has renewed his call for an inquiry into the cause of the dramatic recent fall in the iron ore price while in Perth today, as shares in the state’s biggest miners continued to fall.
Perth-based explorer Carbine Resources has signed an offtake agreement with a chemical and mineral supplier for copper sulphate from its $63 million Mount Morgan project.
Shares in embattled iron ore miner Gindalbie Metals plummeted this morning after the company said attempts to clarify funding arrangements with its joint venture partner had been met with silence.
The team behind Western Australian success story Aurora Oil & Gas has quietly completed a $24 million private placement, the first capital raising for their new oil and gas play, three months after acquiring their first assets in Portugal.
Elemental Minerals has negotiated an extra $US10 million in a proposal from a private equity group for an investment to assist the business advance its flagship Kola Sylvinite potash project.
Fortescue Metals Group has deepened its commitment to hockey, striking deals with the sport’s national body thought to be worth more than $1.7 million over the next five years.
Gold companies Doray Minerals, Ramelius Resources and Saracen Mineral Holdings have posted better-than-expected production results for the December quarter, with the precious metal miners bullish on the next six months.
Tony Sage’s Cape Lambert Resources has announced plans to undertake its first capital raising since its initial offer, which was completed when the company listed on the ASX 16 years ago.
Gold has fallen further from an earlier nine-week high as stronger-than-expected US payrolls data boosted the US dollar and stock markets, shoring up a recovery in equities.
Gindalbie Metals has gone into a trading halt following a media report suggesting its Chinese majority shareholder and project partner will no longer keep the jointly owned Karara project afloat.
Mining services company Ausdrill has announced plans to sell its underperforming DT HiLoad truck tray manufacturing business, and is in discussions with several interested parties.
Construction activity has fallen, after enjoying four months of expansion, due to weakness in mining-related engineering construction, as well as commercial construction.
Rare earths company Arafura Resources has progressed negotiations for the formation of a joint venture which will build a separation plant in South Korea.
Metals giant Alcoa of Australia says its WA alumina refining operations have not been affected by the Waroona bushfire but its Farmlands business has sustained some damage.
Merchandise exports were down more than 16.7 per cent for Western Australia in the 12 months to November 2015, compared to the corresponding previous period, despite a reduction in the national trade deficit.
Energy technology company Enerji has landed its first commercial contract and deployment into the Australian market with the finalisation of a power purchasing agreement with Northern Star Resources.
Gold prices have rallied two per cent to a four-week high, buoyed by rising tensions in the Middle East and a sharp drop in stocks following weak Chinese data.
Ailing iron ore miner Atlas Iron has done a deal with the majority of its lenders, who have agreed to a plan to cancel $US132 million ($183 million) of debt in exchange for equity in the junior exp
Perth-based Swick Mining Services has won a number of new contracts and renewals with Newmont Mining, with 15 rigs expected to be in operation by early next year.
Graphite players have had a soft 18 months, although some WA companies are developing new production techniques that might give them a leg up in the industry.
Crane hire company Boom Logistics has flagged an $18 million impairment in its half-year profit, with a portion of the write-down relating to costs associated with the shutdown of its transport business in the Pilbara.
Perth-based explorer IMX Resources has announced a restructuring of its Tanzanian assets, involving plans to spin-off its graphite portfolio into a new ASX-listed entity, while retaining its base and precious metals portfolio.
Diversified contractor SRG has won a new contract plus an extension to an existing contract to provide its services to several of Evolution Mining’s gold mines, worth a combined $150 million.
SPECIAL REPORT: One of the few positives in a tough year for business was the gold sector, and at the forefront was Northern Star Resources, under the leadership of Bill Beament.
Local companies Triton Minerals, General Mining Corporation and Orinoco Gold have announced plans to raise a combined $24.6 million to fund ongoing work at their respective projects.
Mineral sands miner Iluka Resources says it will suffer a $25 million pre-tax charge to its profit as a result of the decline in the Australian government bond rate.
Perth-based Tiger Resources has finalised terms of a $US162.5 million ($A225.5 million) finance facility with two investment groups to refinance its debt and fund expansion of its Kipoi copper project.
