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Mining

BHP boosts dividend despite profit miss

BHP Billiton has joined its peers in sharply lifting dividends as stronger prices for iron ore, coal and petroleum helped the global miner post a solid return to profitability.

Mining upswing lifts Imdex

The share price of Balcatta-based Imdex hit its highest level in four years today after the mining equipment and technology company reported a strong improvement in earnings.

Paladin to keep main asset

The restructuring of Paladin Energy has taken a surprise turn after Chinese group CNNC Overseas Uranium Holdings advised it would not exercise an option to buy the Langer Heinrich uranium mine.

Fortescue raises payouts as profit soars

Fortescue Metals has flagged it will sustain higher payouts for shareholders after a rebound in iron prices and lower costs helped it more than double full-year profit.

Top End’s long road to Myanmar

Local exploration company Top End Minerals, with the backing of prominent prospector Mark Creasy, has received shareholder approval to raise funds for the purchase of a zinc project in Myanmar and repay its creditors, as it deals with a number of issues left unresolved by its previous board.

Eastern, Wolf issues keep GR Engineering shares locked

GR Engineering Services has requested its shares be suspended from trading on the ASX while it assesses the impact of Eastern Goldfield’s now-retracted wind-up order, as well as a £7.5 million ($A12.2 million) bond claim notice lodged by Wolf Minerals.

Northern taps investors for more funds

Aspiring heavy rare earths miner Northern Minerals has raised $2.5 million from investors to fund ongoing development of its Browns Range project in the Kimberley.

Eastern wind-up cancelled after payment

The Supreme Court of Western Australia has reversed its decision to wind-up Eastern Goldfields after it was revealed the relevant debt of $383,000 was paid on the same day the winding-up application was lodged.

Sheffield launches Aboriginal work program

Sheffield Resources has launched an indigenous employment program for its Thunderbird mineral sands project near Derby, as it deals with an appeal by a local Aboriginal group against recent project approvals.

Solid year for NRW

NRW Holdings has reported a profitable 2017 financial year, but has withheld a dividend payout following its acquisition of Golding Group.

Forrest loses to Sage in court, wins in Yarri appeal

Andrew Forrest has successfully fended off a company that wanted to mine sand at his family’s pastoral property in the Pilbara, but has lost an appeal against a uranium explorer that plans to mine in the area.

Decmil wins BHP contract

Decmil Group has been awarded a $13 million contract for work at BHP Billiton's South Flank iron ore project near Newman.

MinRes posts $201m profit

Diversified business Mineral Resources has delivered a turnaround result for the 2017 financial year, along with a higher dividend payout.

Mt Gibson to pay dividend

Iron ore miner Mount Gibson Iron will pay its first dividend to shareholders since 2014, after reporting a $26.3 million net profit for the 2017 financial year.

Metals X halts work at Nifty for repairs

Metals X has temporarily suspended underground mining at its Nifty copper operation to undertake repairs.

Write-down drags Iluka to $81m loss

Iluka Resources has widened its first-half loss to $81.5 million, from a $20.9 million loss in the prior corresponding period, dragged down by a $165 million hit in impairment and redundancy costs.

Court order to wind-up Eastern Goldfields

The Supreme Court of Western Australia has ordered the winding-up of Michael Fotios’ Eastern Goldfields and the appointment of liquidators, after an application by a local assay laboratory.

Troy shareholder calls for board spill

A Singaporean group that holds about a 5 per cent stake in Troy Resources has called for a meeting to seek the replacement of the gold miner’s board members with its own nominees.

Primero wins $30m Tawana contract

Aspiring lithium miner Tawana Resources has confirmed the award of a $30 million engineering procurement and construction contract to Primero Group for its Bald Hill project in the Goldfields.

DM Civil, Karara at odds over $32m

A long-running dispute between Karara Mining and DM Civil over a contract originally worth $26 million has highlighted the extraordinary gulf that often arises between project developers and contractors when their relationship sours.

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