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Mining

Port Hedland backs BHP's export plans

The Town of Port Hedland has voted to support BHP Billiton's ambition to ship out an extra 5 million tonnes of iron ore a year from the port, as the mining giant pushes for a licence to ship 290mtpa by the 2019 financial year.

Westpac to reduce lending to coal projects

Westpac appears to have ruled out funding the controversial Adani mine by limiting lending to basins that are already producing thermal coal.

Miners told to lift local support

Premier Mark McGowan has gently chided the mining and energy sector, saying it needs to lift support for local manufacturing, apprentice training and local employment.

Orinoco buys out JV partners as MD and chair resign

Perth explorer Orinoco Gold has announced plans to buy out its joint venture partners at the Cascavel mine for $US6.3 million in cash and shares, while both its managing director and chairman have tendered their resignation.

Environmental liability changes needed: Johnston

The state government has proposed changes to the Corporations Act to deal with mining companies that avoid their environmental obligations.

Mt Gibson to restart Koolan Island

Mount Gibson Iron will spend nearly $100 million on the redevelopment of its Koolan Island iron ore mine, with the company's board giving the green light to bring the operation out of care and maintenance.

Newcrest eyes FY target despite Cadia hit

Newcrest Mining expects to hit the bottom end of its full-year guidance range as disruptions at its two Australian mines affect production.

Tawana raises $15m

Aspiring lithium miner Tawana Resources has raised $15 million from investors to fund ongoing development of its Bald Hill project in the Goldfields, a day after signing a $25 million offtake deal for the operation.

Bligh backs improved Zeta offer

Bligh Resources has recommended shareholders vote in favour of an improved takeover offer by Zeta Resources, having previously backed an acquisition proposal by Saracen Mineral Holdings for its Bundarra gold project.

Strandline in $14m Rio Tinto farm-in deal

Strandline Resources has attracted Rio Tinto for a $14.5 million farm-in agreement at its heavy mineral sands tenement portfolio in Tanzania.

Macquarie stirs pot on mining and dining

OPINION: A worldwide shake-up of the fertiliser industry may play out in WA, according to the investment bank, which has been watching Wesfarmers' CSBP division.

Mt Marion JV partners decline Neometals offer

Neometals will be relying on third-party interest for the sale of its stake in the Mt Marion lithium mine, after joint venture partners Mineral Resources and Jiangxi Ganfeng Lithium declined pre-emptive rights to buy the stake.

AUMS wins $373m Newmont contract

Ausdrill-Barminco joint venture African Underground Mining Services has won a $US280 million ($A373 million) contract to provide its services to Newmont Mining's Subika underground gold operation in Ghana.

BHP cuts copper guidance, updates iron ore plans

BHP Billiton has cut its full-year copper production guidance and outlined plans to sell some of its US shale acreage, while also announcing record iron ore production and reaffirming plans for its South Flank development in the Pilbara.

Moly Mines delisted with $63m in the bank

Nearly 4,000 shareholders in West Perth company Moly Mines have effectively become stranded in the $63 million cashbox after a stand-off between its board and the ASX ended in a delisting of its stock.

Saracen ups bid for Bligh's gold project

Saracen Mineral Holdings has increased its offer for Bligh Resources' Bundarra gold project after Zeta Resources made a competing bid last week.

Super pit deal falls through

The Chinese company angling to buy a 50 per cent stake in the Kalgoorlie super pit has reportedly dropped the $US1.3 billion bid due to more rigid Chinese controls on capital outflows, while its bid to buy Southern Cross gold mine owner Hanking Australia has been completed.

Sharp fall in CEO salaries

Newly appointed chief executives in WA are on substantially lower salary packages compared with recent years, a Business News survey has found. 

Rio shipments hit by bad weather

Mining giant Rio Tinto has made a sluggish start to the year, with first-quarter shipments and production of iron ore affected by bad weather in Western Australia.

Ore fall a big dent to budget

The dramatic fall in the price of iron ore since the start of March could punch a $1.4 billion hole in the state's finances in the next financial year.

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