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Mining

Macmahon wins $200m Silver Lake contract

Macmahon Holdings has received a letter of intent from Silver Lake Resources for further work at the Mount Monger gold operations, including development of the new Santa mine.

Monadelphous, Emeco up on first-half results

Contractors Monadelphous and Emeco Holdings enjoyed solid share price gains today after reporting their interim results, with Emeco posting higher profits and improved margins while Monadelphous forecast a 10 per cent increase in revenue for the full financial year after a soft first-half.

Panoramic sells down stake in Horizon Gold

Panoramic Resources has sold a portion of shares in its Perth-based subsidiary, Horizon Gold, to the company’s major shareholder for $5.5 million.

BHP payout up as first-half profit lifts 29%

BHP shareholders will receive a heftier, fully franked 65 US cents per share interim dividend after the global miner lifted its first-half statutory profit 29 per cent to $US4.87 billion ($A7.25 billion).

Rio cuts Pilbara shipment outlook

Miner Rio Tinto has lowered its forecast for the volume of iron ore it expects to ship from the Pilbara region after tropical cyclone Damien hit the coast of Western Australia.

Gold miners report positive first-half results

Saracen Mineral Holdings has reported strong growth in its interim profits, helped by increased production and the recent acquisition of its stake in the Kalgoorlie Super Pit. Fellow gold miner Regis Resources and mining technology company Imdex have also reported positive first-half results.

$70m deal blocks further claims, court told

A 2008 agreement between Julian Wright’s two children and family company Wright Prospecting precluded further claims, a Supreme Court trial has been told.

Rio Tinto approves $98m solar plant plan

Rio Tinto has announced the development of a $US98 million ($A144 million) solar plant at its Koodaideri mine in the Pilbara, which is expected to supply around two thirds of the mine’s average electricity demand once completed.

Sheffield fails to attract project partner

Mineral sands company Sheffield Resources says it will scale back activities at its flagship Thunderbird project in Western Australia and seek ways to develop the project at a lower cost, after failing to secure a strategic partner.

Newcrest's HY underlying profit rises 18%

Newcrest Mining has posted an 18 per cent rise in underlying half-year profit, getting a boost from higher realised gold prices and a weaker Australian dollar.

South32 posts 80% fall in H1 profit

South32 has reported an 80 per cent plunge in half-year underlying profit due to a temporary tax increase and lower prices across key commodities

Autonomous truck deal for Roy Hill

Iron ore miner Roy Hill Holdings is taking a further leap into the world of autonomous mining, selecting Epiroc and ASI Mining to convert its fleet of 77 trucks from manned to driverless use.

MinRes ramps-up iron ore

Mineral Resources is focused on ramping-up its iron ore operations after a major restructuring last year of its lithium assets, with the company also declaring an increased dividend today.

Study confirms West Musgrave potential

Oz Minerals and Cassini Resources believe their West Musgrave nickel-copper project in Western Australia can be a long-term, low-cost operation, following completion of a pre-feasibility study that found the mine's development cost would be about $995 million.

Magmatic to raise $5m

Magmatic Resources has secured commitments to raise $5 million from a share placement to explore its tenements in the East Lachlan gold-copper province in NSW.

ABC Refinery hires Perth Mint team

Sydney-based ABC Refinery has poached three senior Perth Mint employees to join its treasury and trading team as it ramps-up its competition with the government-owned business.

Northern Star lifts earnings, dividends

Shares in Northern Star Resources have continued their steady recovery back towards record levels after the gold miner reported improved half-year profits, declared higher dividends and foreshadowed further growth.

Scott Tech wins multi-million Rio contract

Rio Tinto has contracted New Zealand business Scott Technology to build an automated mine site laboratory for its Koodaideri iron ore project in the Pilbara.

AVL receives $1.25m grant

Australian Vanadium has received a $1.25 million grant from the federal government to find ways to improve vanadium production.

Wright family in court over iron ore fortune

Julian Wright has commenced legal action in the Supreme Court, claiming he was defrauded when he sold his share of the family company to his siblings, 'rich listers' Angela Bennett and the late Michael Wright.

Mincor contracts Hamptons for nickel project

Kalgoorlie-based Hampton Mining and Civil Services has secured an early works contract for Mincor Resources’ Cassini nickel project in Western Australia’s Kambalda district.

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