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Mining

Iron ore bolsters WA rich lister rankings

An improved iron ore price delivered huge boosts for mining magnates Gina Rinehart and Andrew Forrest, who were two of the three Western Australians to feature in the top 10 on the nation's best known rich list.

Poseidon to spend $25m on Silver Swan

Poseidon Nickel expects to spend up to $25 million to restart operations at its mothballed Silver Swan mine near Kalgoorlie, according to a definitive feasibility study released today.

Swick raises $5m, buys tech business

Swick Mining Services has raised about $5 million from investors to fund the buyout of minority shareholders in a mineral analysis and measurement technology company in which it already owns a major stake.

From minesweeping to mine sites

A Queensland business that uses sensors to detect unexploded bombs in former conflict zones in South-East Asia and Europe is now using its technology to help iron ore miners find pieces of equipment that have broken off in stockpiles.

Adani doesn't need Aussie banks: Walsh

Indian coal miner Adani does not need the financial backing of an Australian bank, former Rio Tinto chief executive Sam Walsh says.

HopgoodGanim finds resources partner

Law firms HopgoodGanim Lawyers and Hunt & Humphry will amalgamate from July 1, with the deal designed to boost the combined firm's capabilities to take advantage of increasing activity in the r

Coventry to buy Alaskan explorer

Subiaco-based Coventry Resources will be rebranded after completing the $8.3 million acquisition of a gold explorer focused on projects in Alaska, and announcing plans for a $10 million raising.

SCEE wins more work

Perth-based contractor Southern Cross Electrical Engineering has won $25 million in contracts for work on Rio Tinto's Amrun bauxite project in Queensland, bringing to about $150 million the value of contracts earned this month.

Encounter raises funds for gold exploration

West Perth-based Encounter Resources has tapped investors for $3.4 million to fund ongoing exploration at its gold projects in the eastern Pilbara region.

Magmatic debuts on ASX

A new Perth-based gold and copper exploration company has closed flat on its first day of trading on the ASX, after completing a $4 million initial public offering.

JV partner buys $64m stake in Gold Road

South African mining giant Gold Fields has spent $64.3 million to increase its stake in Perth-based Gold Road Resources to 10 per cent, as the two companies jointly develop the Gruyere project.

Pindari wins Rio Tinto work

Indigenous group Pindari has won a multi-million dollar contract to provide cleaning, grounds maintenance and associated services at nine of Rio Tinto's mine sites in the Pilbara.

BBI to buy MinRes iron ore operation

The owner of the $6 billion Balla Balla iron ore project in the Pilbara has entered into an option agreement to acquire the nearby Weelumurra asset from Mineral Resources for an undisclosed sum.

Strandline to raise $5.2m

Mineral sands explorer Strandline Resources has completed a share placement to raise $5.2 million for ongoing work at its Fungouni project in Tanzania.

Danakali raises $12m for potash project

Aspiring potash producer Danakali has tapped investors for $12.3 million as it moves ahead with development of its Colluli project in Africa.

Orica finds positives in performance

Mining explosives maker Orica has held on to its cautious full-year outlook after spending cuts and business improvement initiatives helped it offset higher costs in the first half of the year.

Musgrave raises funds for gold project

Perth-based Musgrave Minerals has tapped investors for $3 million to fund exploration work at its Cue gold project in the Murchison region.

Decmil sells property for $27m

Engineering and construction contractor Decmil Group has sold its Osborne Park headquarters to Primewest Funds for $27.5 million.

BHP dropping Billiton

BHP Billiton will begin dropping the "Billiton" from its name in a process beginning this week, and has signalled a further plan to eventually change its registered name, too.

Rox, Marindi to go to trial

Rox Resources and Marindi Metals will head to trial to resolve a dispute over the Reward zinc joint venture in the Northern Territory.

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