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Mining

WA slips in world mining ranks

Western Australia has slipped in the latest rankings of an international survey that measures the impact of government policy on exploration and mining investment.

Raiden up strongly on debut

Shares in West Perth-based Raiden Resources (previously SubZero Group) enjoyed strong gains today after they started trading on the ASX, following a two-year restructuring of the company and acquisition of a copper-gold project in Serbia.

Doray in $25m raising

Gold miner Doray Minerals has raised $25 million to reduce debt and increase exploration at its Deflector project, which is located 160 kilometres east of Geraldton.

Could it be cocktail hour in Kal?

International investors are rotating their funds into commodities such as industrial metals, which could be good news for WA, and Kalgoorlie in particular.

Downer makes $11.1m loss on impairments

Downer EDI has posted an $11.1 million first-half loss, dragged down by a goodwill impairment on its mining operations, write-downs from its freight rail divestment and redundancy costs from its recently acquired Spotless.

Seven Group up on WesTrac

Seven Group Holdings has lodged a big increase in earnings for the half-year, as improvements in the mining industry aided the strong performance of WesTrac.

Fortescue cuts dividend as profit slumps

Fortescue Metals' half-year profit has dropped 44 per cent as the miner offered wider discounts on its lower-grade product, but the result still came in ahead of market expectations.

Primary receives $37.5m takeover offer

After selling its Southern Cross gold operation last year, Chinese-owned Hanking Gold Mining has made a takeover proposal for Primary Gold worth $37.5 million.

NRW strong earnings but no dividend

Mining contractor NRW Holdings has recorded strong growth in underlying earnings for the half year, but has decided against paying a dividend to ensure debt is fully serviced.

BHP hikes South Flank cost

BHP Billiton has increased the expected cost of its South Flank iron ore project to $US3.6 billion ($A4.6 billion), substantially above the estimated range it provided in June 2017 when initial funding was approved.

Kin flags board restructure

Aspiring gold miner KIN Mining is still on the hunt for a new managing director after the resignation of Don Harper last week, with the company announcing a board restructure that will include an independent chairperson.

Saracen, Northern Star half-year results

Local gold producer Saracen Mineral Holdings has announced an impressive rise in net profit for the half-year, while Northern Star Resources has recorded a slight dip in earnings in its results.

Imdex posts strong half-year results

Shares in mining equipment supplier Imdex have jumped 8.3 per cent today after the company announced a half-year profit of $10.6 million, with revenue up 28 per cent on the corresponding period last year.

Buzz builds over battery metals

SPECIAL REPORT: The strength of the battery metals industry is helping drive the state’s junior resources sector.

Bass back with Eagle raising

SPECIAL REPORT: Four years after exiting the iron ore sector near the top of the boom, Charlie Bass has teamed up with a pair of experienced company directors for a new mining float.

Red 5 in $4m takeover bid

Gold junior Red 5 has announced a hostile $4 million takeover bid for unlisted public company Bullseye Mining, which owns tenements near Red 5’s Darlot gold mine.

GBF secures underground contract

GBF Underground Mining Company has been awarded a three-year contract at Millennium Minerals’ Nullagine gold project in Western Australia.

Bald Hill to ship by end of quarter

Lithium hopeful Tawana Resources has commenced commissioning of the Bald Hill mine.

Finders takeover offer unconditional

Finders Resources’ major shareholder, Eastern Field Developments, has changed its hostile takeover bid for the copper miner to 'unconditional' status, with the Indonesian consortium continuing to raise concerns about the company’s Wetar project.

Explaurum raises $8m for Tampia

Brisbane-based gold hopeful Explaurum has raised $8.3 million to progress its Tampia gold project in Western Australia's Wheatbelt.

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