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Mining

TNG signs rail deal for Mt Peake

TNG has signed a binding contract with rail operator Genesee & Wyoming Australia to haul product from the Mount Peake vanadium-titanium-iron mine more than 1100 kilometres to a processing facility in Darwin, Northern Territory.

Horne, Walker depart Macmahon

Macmahon Holdings non-executive director Kim Horne and non-executive chairman Jim Walker have both resigned from the board, as part of the contractor’s board-change strategy.

Flinders takes HotCopper to court for shareholder info

Flinders Mines is launching legal action in the Supreme Court of Western Australia against the owner of stock forum HotCopper Holdings, seeking details of users alleged to have made defamatory statements in relation to the board and company.

EPA green lights Yangibana

The Environmental Protection Authority has recommended conditional environmental approval for Hastings Technology Metals’ $427 million Yangibana rare earths project in the Upper Gascoyne.

Emerald secures up to $US160m in funding

Emerald Resources has secured a total of $US160 million in finance facilities to fund project development and future acquisitions.

Orion’s Prieska to cost $378m

Orion Minerals has released a bankable feasibility study for its Prieska zinc-copper project in South Africa, which details a $378 million capital cost and 2.4 million tonne per annum operation.

Juniors to raise nearly $5m

Superior Lake Resources has raised $3.78 million via a share placement, while Conico is set to raise $1 million via a rights issue.

$179m contracts for Aboriginal businesses

Two Aboriginal businesses have been awarded $179 million of contracts by Fortescue Metals Group, with chief executive Elizabeth Gaines saying the miner was focused on practical initiatives to end disparity.

Vital to pivot to rare earth projects

A local junior whose gold and base metals exploration projects in Burkina Faso had to be put on hold amid escalating jihadist violence in the West African country is pivoting to become a rare earth oxide developer.

Sandfire set to acquire MOD for $167m

Sandfire Resources has made a $167 million takeover offer for MOD Resources, just over five months after it made a $94.5 million bid for the junior, with MOD’s board backing the improved offer.

Altura names new major shareholder

Altura Mining has a new major shareholder, after Ningbo Shanshan acquired Shaanxi J&R Optimum Energy’s shares in the lithium miner.

AVZ increases Manono stake

AVZ Minerals has increased its stake in the Manono lithium and tin project by 5 per cent for US$5.5 million from Datchom Mining.

Hylea shares skyrocket nearly 600%

Shares in West Perth-based Hylea Metals were up 592 per cent today after the junior announced it acquired a 65 per cent stake in Paladin Energy’s Kayelekera uranium mine in Malawi.

Barminco wins $800m Africa contract

Ausdrill’s underground contractor subsidiary, Barminco, has been awarded a five-year underground mining services contract at a copper mine in Botswana worth around $800 million.

Shareholders welcome Flinders changes

Flinders Mines shareholders have backed the company's new board of directors and the prospects of a strategic review into infrastructure options for its flagship asset, the Pilbara Iron Ore Project.

Lynas sticks to stockpiling strategy

Lynas Corporation won't cash in on the sharp short-term increase in rare earths prices related to the US-China trade war, saying it will stick to the long-term strategy it announced last month.

Altura shares leap on production turnaround

Shares in Altura Mining have surged 37 per cent since late Wednesday, after the company announced positive production results and its struggling former biggest investor sold its remaining stake in the company.

Lynas to select a WA processing site soon

Lynas Corporation chief executive Amanda Lacaze says the company is around two months away from deciding on a Western Australian site to expand its processing operations.

Neometals looks to India for refining

Neometals will be considering India as the location to build a lithium hydroxide refinery, but previously announced plans for the project to be built in Kalgoorlie will remain as an option.

Gold hits record high

The Australian dollar gold price has passed $2,000 an ounce for the first time, according to The Perth Mint, with five WA-linked goldminers putting on a combined $1.3 billion of value in today’s trading.

Kalium taps Toll for Beyondie transport contract

Kalium Lakes has awarded Toll Group a key haulage contract to move product from its Beyondie sulphate of potash project south-east of Newman to port facilities at either Fremantle or Kwinana.

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