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Mining

BHP bounces back to half-year profit

BHP Billiton has posted a first-half profit of $US3.2 billion ($A4.2 billion) as a rebound in prices for iron ore and petroleum helped the resources giant swing back to profitability.

Aust Mines to raise $6m for project work

Perth-based explorer Australian Mines has announced plans to raise up to $6.3 million from investors to fund ongoing work at its Sconi and Flemington scandium-cobalt projects.

Beadell raises $51m for plant upgrades

Gold miner Beadell Resources has rattled the tin for $51 million to pay for plant upgrades and further exploration work at its Tucano mine in Brazil.

Monadelphous profit slips 24%

Engineering firm Monadelphous Group is looking to diversify into new markets such as infrastructure and renewables as revenue from mining and energy customers continues to decline.

Rinehart business to become state’s largest

Hancock Prospecting is poised to become Western Australia's biggest private company after a investment and acquisition spree in iron ore and agribusiness which is expected some time this year to push its revenue past that of the incumbent number one for the past 12 years, home builder BGC. A 2018 reranking appears certain following research for the Business News Private Companies list published today in a special report.

Arafura taps investors for $5m

Rare earths explorer Arafura Resources has announced a $5.1 million capital raising to fund ongoing work at its Nolans project in the Northern Territory.

AusQuest surges on South32 venture

Shares in local explorer Ausquest have surged on news the company has struck an agreement with BHP Billiton spin-off South32, with the two companies to form a joint venture over prospective projects.

WorleyParsons shares plunge on loss

Engineering and project management firm WorleyParsons says the slump in activity among its customers, which caused revenue to plunge by 35 per cent and pushed the company to a first-half loss, may have bottomed out.

Solid six months for Fleetwood

Perth-based Fleetwood Corporation has posted solid results for the half year, with revenue higher and profit surging, but no dividends declared.

Mod up on drilling results

Shares in copper explorer MOD Resources closed higher on promising drill results at the company's T3 copper operation in Botswana.

Gascoyne raises $55m for gold project

Perth-based explorer Gascoyne Resources has confirmed a $55 million capital raising to fund development of its Dalgaranga gold project in the Murchison region.

GBM Resources in Canadian merger

Mount Pleasant-based GBM Resources has struck a friendly merger agreement with listed Canadian company WCB Resources, bringing together gold projects in Australia and Papua New Guinea.

WHL completes $5m RTO raising

WHL Energy has cleared the way to reinvent itself as a technology business after raising $5 million from investors ahead of its reverse takeover of Perth-based Quantify Technology.

New mine approved for Atlas Iron

Resurgent iron ore miner Atlas Iron will begin production at its Corunna Downs project in the Pilbara in March next year, after giving the green light for its development today.

Contractor confident after solid half year

Civil and mining contractor NRW Holdings says it is well placed for more earnings growth and it is seeking new partnership and acquisition opportunities, after lodging a solid net profit for the fi

Mineral Resources books strong half-year result

Mineral Resources has flagged a full-year earnings upgrade of 25 per cent for the 2017 financial year, after achieving a 191 per cent lift in net profit.

Southern Cross mine sold for $330m

Chinese conglomerate Shandong Tyan Home has acquired its second gold mine in Western Australia, reaching an agreement to buy the Southern Cross Gold operation in the Yilgarn for $330 million.

South32 buoyed by cost cuts, higher prices

Diversified miner South32 has posted a sharp jump in half-year underlying earnings, thanks to ongoing cost reductions and stronger coal and manganese prices.

Pilbara project hit by $US1bn impairment

Iron ore miner Citic Pacific will cop a write down of up to $US1 billion on its Sino Iron magnetite operation in the Pilbara, less than a year after the facility completed commissioning.

Mining tech boss backs Greens

Perth mining industry software entrepreneur Norman Pater has put his money where his mouth is, with his private company, Pater Investments, supporting the Greens WA to the tune of $99,500.

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