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Mining

Probes draw curtain on ‘locked’ gold

A team of researchers in WA are leading an emerging geoscience field that could influence the future of gold recovery.

Resolute raises $150m for Ravenswood

Gold miner Resolute Mining has tapped investors for $150 million to fund the restart of operations at its Ravenswood in Queensland.

Lithium projects to deliver $1bn boost

Lithium projects in Western Australia are set to inject almost $1 billion of new investment into the state's economy as the past year's surge in commodity prices and stock valuations turn into tangible commercial benefits.

Lilleyman joins FMG as Pearce resigns

Fortescue Metals Group has started the search for a new chief financial officer after Stephen Pearce handed in his resignation to pursue an international role, on the same day the iron ore giant announced the appointment of a new director of operations.

Pilbara accommodation business into receivership

Family-owned Tribute Group has been placed in receivership, just two months after winning what appeared to be a company-making contract with BHP Billiton for its accommodation businesses in Newman.

Vimy in $22m funding injection

Resource Capital Funds is set to emerge with a near 30 per cent stake in Vimy Resources when the uranium company completes a $22 million capital boost to fund ongoing work at its Mulga Rock project in the eastern Goldfields.

Eastern hires GR for Davyhurst revamp

Recently revitalised Eastern Goldfields plans to begin producing gold at its Davyhurst operation by March next year, with the company awarding a $12.5 million contract to GR Engineering Services to bring the nearby processing facility out of care and maintenance.

Hughes Drilling enters administration

The parent company of Perth-based mining services company JSW Australia has entered voluntary administration, with representatives of McGrathNicol appointed yesterday.

Vorster adds MD title at BC Iron

BC Iron chief executive Alwyn Vorster has joined the board of the iron ore company, and will continue to serve in his current role as well as managing director.

BHP renews attack on Nationals

BHP Billiton's top Australian executive has stepped up the company's criticism of the WA Nationals' planned iron ore tax hike, two days after an opinion poll found high support for the proposal.

Resolute at Ravenswood until 2029

Gold producer Resolute Mining looks likely to recommence open-pit mining at its Ravenswood underground operation after a feasibility study released today suggested it would extend mine life to 2029.

Uncertainty in US, Europe put gold in driver’s seat

ANALYSIS: A convergence of geopolitical and political events is causing widespread concern across Europe and the US, and WA's gold sector could offer some stability for investors.

MinRes, Pilbara Minerals dispute escalates

Mineral Resources and Pilbara Minerals continue to lock horns over an offtake agreement for lithium mined at the Pilgangoora project, with the companies exchanging words over the ASX today.

BHP's tax dispute grows, CEO pay slashed

BHP Billiton is locked in a $1 billion dispute with the Australian Taxation Office over the amount of taxes payable on the sale of Australian commodities to its Singapore marketing business, while its chief executive has seen his annual pay slashed in half follwoing the Samarco dam disaster.

Currency and cost factors favour gold stocks

SPECIAL REPORT: A record high Australian dollar price in June has provided a tailwind for the state's gold sector, and 2017 is looking to be a similarly positive year.

Expansion plans lift Pilbara Minerals' project cost to $342m

Pilbara Minerals boss Ken Brinsden said today there was a reasonable chance the company would double the production capacity at its Pilgangoora lithium project, after releasing a definitive feasibility that confirmed the positve economics of its base-case development.

NRW raises funds to pay debt

Perth-based contractor NRW Holdings has rattled the tin for $20 million to reduce its debt levels and place the company in a better position to pursue future opportunities.

Graham to lead Strandline as new boss

Former Sedgman manager Luke Graham has been appointed as chief executive and managing director of mineral sands miner Strandline Resources.

Welborn resolute on innovation

SPECIAL REPORT: Innovation is a key plank of Resolute Mining's strategy to keep costs down and extend mine life, managing director John Welborn told Business News, while acknowledging the pressures such a plan placed on capital and human resources.

Digging in for exploration spend

SPECIAL REPORT: Some of Western Australia's biggest gold miners plan to boost their exploration spend in the coming year, with Saracen Mineral Holdings and Northern Star Resources among those committed to putting increasing amounts 'into the ground'.

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