Jessica Mascione

Saracen Mineral Holdings has posted record gold production for the March quarter, while fellow miner Northern Star Resources said today it expected a strong improvement after operations were hit by COVID-19 restrictions.

Rio Tinto will spend $9.2 million exploring Antipa Minerals’ Citadel project in Western Australia this year, following a review of the joint venture agreement that considered the impacts of COVID-19.

Agricultural exporters from Western Australia, including beef and pork producers, have received further assistance, with the state government joining the federal government in subsidising international flights to carry their goods.

IGO will take up nearly one fifth of shares in New Century Resources under a $51.1 million capital raising announced today.

Strandline Resources has secured two thirds of revenue for its Coburn mineral sands project in Western Australia after signing three binding offtake agreements with international companies.

Sandfire Resources has withdrawn its full year production guidance, citing uncertainty over the impacts of COVID-19, but says operations at its DeGrussa copper-gold mine in Western Australia remain largely unaffected.

Decmil has announced the closure of its New Zealand subsidiary, citing major losses following the termination of a NZ$185 million contract with the country’s prisons department.

A multi-million takeover offer for Australian company Liquefied Natural Gas Ltd (LNGL) has fallen through, sending its shares down by more than 35 per cent today.

Mineral sands company Iluka Resources has withdrawn its full year earnings guidance, citing market uncertainty as a result of COVID-19, but says it will proceed with its proposed iron ore royalty demerger.