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Mining

ASX rejects gold royalties ‘Tanzania’ claim

The Australian Securities Exchange has asked the Chamber of Minerals & Energy of Western Australia to retract a statement claiming the ASX could force listed gold miners to suspend trading in their shares because of the planned increased in WA's gold royalty.

Clark to lead Kasbah

Tin explorer Kasbah Resources has recruited former Wolf Minerals boss Russell Clark as its new chief executive.

Monadelphous wins $220m in new work

Perth-based Monadelphous Group has won a suite of new contracts and extensions for maintenance and construction work around Australia and internationally, to the tune of $220 million.

Matsa buys Saracen’s Red October

Northbridge-based Matsa Resources has signed an agreement to acquire Saracen Mineral Holdings’ Red October gold mine near Laverton for about $2 million in cash and shares.

Royalty rise puts damper on gold spend plans

SPECIAL REPORT: The gold royalty hike proposed in this month’s state budget has stunned the sector, amid big spending plans for the year ahead.

Emerging producers tackle challenges

SPECIAL REPORT: Blackham Resources has overcome a number of hurdles following its transition from explorer to producer, while the state’s emerging miners wrapped-up a busy 12 months.

Tiger signs $23m facility

Copper-focused Tiger Resources has secured a $US18.2 million ($A22.9 million) facility agreement with two of its existing lenders, to fund ongoing work it its Kipoi operation in Africa whilst it pursues recapitalisation plans.

Barminco recruits Thiess exec as CEO

Mining contractor Barminco has announced the recruitment of Thiess executive general manager Paul Muller as its new chief executive, succeeding Peter Stokes who resigned last month.

Sheffield cleared for Thunderbird development

Sheffield Resources is set to receive a mining lease for its Thunderbird mineral sands project near Derby, after the Federal Court threw out a native title appeal by a local Aboriginal group.

Neometals recruits Peak CEO

Mining executive Darren Townsend has left the top job at Peak Resources to become the chief development officer at Neometals, though he will continue at Peak as a non-executive director.

Red 5 flags further impairments

Gold junior Red 5 has flagged a further $30 million impairment charge against its Siana gold project in the Philippines, on top of a $70 million write-down on the asset in March.

Seven Group buys out Coates Hire

Kerry Stokes' Seven Group Holdings has announced it will buy the remaining half of its stake in equipment hire company, Coates Hire, for $517 million.

Juniors in $26m of deals

Six local resources companies have announced capital raisings of around $26 million for projects including in lithium and rare earths, with one of the businesses, Okapi Resources, planning to join the ASX bourse.

MinRes, Galaxy trade blows over director

Perth companies Mineral Resources and Galaxy Resources have waded into an extraordinary dispute over their respective corporate governance standards, triggered by the role played by Chinese businesswoman Xi Xi.

WA gold industry holds anti-tax rally

A thousand gold industry members gathered at a rally in Kalgoorlie today to protest the McGowan government’s proposed gold royalty increase.

MZI to upgrade Keysbrook

Mineral sands miner MZI Resources will spend $5 million to significantly upgrade the output capacity of its Keysbrook operation near Serpentine, which has been underperforming since it came online in 2015.

Gascoyne in $60m facility for gold project

Gascoyne Resources has mandated two of Australia's largest banks to arrange a $60 million debt facility for the development of its Dalgaranga gold project in the Murchison region.

Ramelius buys Evolution's Edna May for $90m

Ramelius Resources is set to become a 200,000 ounces per annum gold producer after acquiring Evolution Mining’s Edna May operation near Merredin for up to $90 million in cash and shares.

Rio Tinto CFO to retire

Rio Tinto chief financial officer Chris Lynch will retire next year after more than four years in the role.

Juniors raise $13m

Four local mining hopefuls have raised $13.2 million between them for new projects, with Egan Street Resources and Ardea Resources in the two biggest deals.

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