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Mining

Cost increases for FMG

Fortescue Metals Group has recorded higher production costs during the March quarter, while iron ore shipments were down slightly for the period.

Iluka Resources hit with class action

Iluka Resources has been served with a class action, with a group of shareholders alleging the mineral sands miner misled the market six years ago.

From Heytesbury to BGC to Hancock

Business News has been tracking WA’s largest private companies for more than 20 years and found most have experienced big changes over that time.

Mining for local talent

The WA School of Mines should include new disciplines and postgraduate degrees to insulate it from the cyclical resources economy, and help it become a global leader in its field, according to three former students who are now industry leaders.

Cost increase at Gruyere project

Gold Road Resources has announced cost increases and schedule delays due to recent heavy rainfall at its half-owned Gruyere gold project near Laverton.

Sunrise secures $7m solar win

A solar power company founded by former Western Power manager Neil Danby and olympic basketballer Andrew Vlahov has picked up its first contract, winning $7 million of work for Image Resources’ Boonanarring mineral sands project.

Toro plans gold exploration

West Perth-based Toro Energy has announced a shift in strategy as the uranium-focused company begins a gold exploration program at its Lake Maitland project near Wiluna.

Apollo to spin-out Fraser Range assets

Perth-based Apollo Minerals has announced plans to spin-out its Fraser Range assets via an initial public offering, as the company focuses on its European tungsten and gold projects.

GR preferred contractor for $93m project

Perth-based GR Engineering Services has been selected as preferred tenderer for a $93.1 million contract to design and build a processing plant for Capricorn Metals’ Karlawinda gold project near Newman.

Young steps down from Pilbara board

Pilbara Minerals founder John Young has stepped down from the company’s board, with Sally-Anne Layman set to become a non-executive director as the company closes in on first lithium production.

Auris board spill

Auris Minerals chairman Bronwyn Barnes and independent director Susan Vearncombe have been voted off the company’s board, after a group of dissident shareholders gained enough support to pass a number of resolutions at a special meeting today.

Paladin restructure the only option: Collins

King & Wood Mallesons Partner Nathan Collins, who was involved in the debt restructuring of troubled uranium miner Paladin Energy, says the deal, which left existing shareholders with a 2 per cent stake, was the only real option for the company.

Veris locks in BHP contract

Osborne Park-based Veris has secured a three-year services contract for technology infrastructure upgrades at BHP Billiton’s accommodation villages.

Union of convenience may be a step too far

Past overreach on IR and current political realities combined to mute the federal government’s options in terms of the new ‘super union’.

BHP cuts iron ore guidance on dumper issue

Mining giant BHP Billiton has trimmed its full-year iron ore production guidance after being forced into unexpected dumper car maintenance.

Jupiter relists after $240m IPO

Brian Gilbertson-led Jupiter Mines has made a steady start to trading on the ASX today, after the manganese miner completed a $240 million initial public offering.

Rio iron ore production lift

Rio Tinto has announced an 8 per cent spike in its Pilbara iron ore production to 83.1 million tonnes for the quarter, while shipments were up 5 per cent at 80.3mt.

Titan agrees to buy $6.5m Peru plant

Gold-focused Titan Minerals has signed an agreement to purchase a processing plant in northern Peru in a cash and scrip deal for approximately $6.5 million.

ADRA Group appoints new CEO

Perth-based engineering company ADRA Group has announced former EWS chief executive Robert Osborn Jr as its new leader.

Atlas posts poor March results

Atlas Iron has posted disappointing quarterly results, with discounted prices for its low-grade iron ore leaving the miner with a loss from its March production.

Gains to be had as sanctions bite

Some aspects of targeted sanctions on Russia are proving beneficial for commodity producers in WA.

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