Exploration spending among ASX-listed resources juniors increased about 13 per cent in the December quarter, the third consecutive uptick, according to recent research by professional services firm BDO.
Sheffield Resources has moved to the next stage of progressing its Thunderbird mineral sands project near Derby, after releasing a bankable feasibility study which revealed a development capex of $348 million.
Shares in infrastructure and mining services company Downer have fallen more than 20 per cent after institutional investors showed limited enthusiasm for a capital raising to help fund its $1.26 billion takeover of cleaning and catering firm Spotless Group.
The appointment of Sam Walsh as a director of Mitsui & Company this week has brought attention to the usually low-profile Japanese multinational, which according to BNiQ Search Engine data has been a major investor in Western Australia's resources industry and is one of the state's largest exporters.
Arrium administrators KordaMentha has awarded BGC Contracting a $720 million contract to continue work at the Iron Knob and South Middleback Ranges iron ore projects in South Australia through to 2022.
Almost 500,000 workers would need to be laid off in China's steel industry by 2020 to reduce excess capacity, according to a report released by the international Organisation for Economic Cooperation and Development this week.
Dormant explorer New Horizon Coal has extended its deadline for an $18.8 million capital raising after receiving an underwriting commitment for 70 per cent of the target amount, as it looks to shift its focus to oil.
Perth-based gold juniors Gascoyne Resources and Intermin Resources have both reached milestones, with Gascoyne earmarking GR Engineering Services for construction of processing infrastructure while Intermin has achieved first production.
Kidman Resources has entered into an agreement to farm-in to 19 lithium-prospective tenements in Western Australia owned by nickel miner Western Areas, with the scrip-and-spend deal worth up to $11.6 million.
Graphite-focused tech company Hazer Group has announced plans to form a joint venture with diversified business Mineral Resources, after MinRes boosted its stake in Hazer by subscribing for $5 million worth of shares.