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Mining

Asic wins in Padbury case

Padbury Mining and two of its directors have entered into a settlement agreement with the corporate watchdog over misleading statements made last year, but they could still face penalties in the Federal Court later this week.

Triton rescue goes ahead

Triton Minerals is set to get a second chance after administrators Ferrier Hodgson released control of the business to a private gold company and a corporate finance firm, which will raise a combined $14.1 million and relist the graphite explorer on the ASX.

June boost for Atlas

Shares in miner Atlas Iron were up 10 per cent today after the company reported cash generation of $30 million after interest and profit sharing for the June quarter.

Independence raises $280m

Gold and nickel miner Independence Group has announced a $280 million capital raising to bolster its balance sheet, making it the largest raising by a Western Australian company for 2016.

Fortescue targets further costs cuts

Fortescue Metals Group is targeting further cost reduction in the current fiscal year as it seeks to match the cost structure of larger rival Rio Tinto in an effort to boost returns.

BGC wins $114m of work in Qld

The mining and civil division of Perth-based BGC has won two contracts for work in Queensland, worth a combined $114 million.

Ramelius raises $25m to boost production

Ramelius Resources has raised $25 million from investors to fund a development program in the Murchison region that is targeting a 40,000 ounce increase in gold production by FY18.

Northern Star reveals profit surge

Gold miner Northern Star Resources has posted a 65 per cent jump in full-year profit on the back of higher gold prices and a reduction in costs.

S2 to raise $12m for Polar Bear

Mark Bennett's gold hopeful, S2 Resources, has tapped investors for a $12.1 million capital raising to fund ongoing work at its Polar Bear project near Norseman.

Newcrest meets output guidance

Newcrest Mining has scraped into meeting its full-year production guidance, despite posting lower output in the June quarter as it continued to struggle with disruptions at various operations.

TNG's demerger plans back on

Minerals explorer TNG has reignited plans to form a spin-out company by demerging its base metals portfolio through a subsidiary and floating it on the ASX.

Geos dig deep for cancer

Perth geologist Scott Halley has come up with an innovative and highly effective way to combine professional development for his peers with fundraising for prostate cancer.

Collective $37m in WA capital raisings

Six listed resources companies operating in commodities as diverse as gold, lithium and iron ore have announced a collective $36.9m in capital raisings today.

BHP closure creates Newman opportunity

Pilbara accommodation businesses run by one-time trucking boss Craig Mitchell and the Collinson family are set to be the winners from BHP Billiton's surprise decision to close Kurra Village in Newman, which at its peak houses up to 1,600 fly-in, fly-out  workers

Regis up on quarterly

Gold production and cash costs have both outperformed financial year guidance for Regis Resources, with shares in the company enjoying solid gains today.

Bushnell takes reins at Brierty

Peter McBain has stepped down as chief executive of mining and civil contractor Brierty after a series of financial and operational setbacks, and will be replaced by the company's chief operating officer.

Samsung ahead in contract dispute

Laing O'Rourke had a pyrrhic victory in the Court of Appeal today, when it managed to overturn a previous adverse ruling but it appears the construction contractor still won't be getting the $45 million it was awarded by an adjudicator in 2015.

Paladin to raise $275m from project sales

Debt-laden uranium miner Paladin Energy has struck agreements to sell an interest in two of its projects, with total proceeds expected to be $US205 million ($A275 million).

South32 meets FY output guidance

South 32 says it's met its annual production guidance for most of its commodities despite cutting production during the year, and is on course to achieve its FY17 unit cost guidance.

Mt Gibson hits full-year sales guidance

A rebound in iron ore prices has helped Mount Gibson Iron hit its full-year sales guidance, with the junior iron ore miner reporting ore sales volume of 5 million tonnes.

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