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Mining

Former Nido MD joins Santos

Oil and gas producer Santos has recruited former Nido Petroleum and BHP Petroleum executive Philip Byrne, who will take over from retiring executive vice-president John Anderson.

Black Mountain recruits Barnes

Perth businesswoman Bronwyn Barnes has joined minerals explorer Black Mountain Resources as its interim chief executive, following the departure of Julian Ford earlier this month.

Eastern pours gold at Davyhurst

Eastern Goldfields has poured first gold at its Davyhurst operation near Kalgoorlie, amid a looming court battle against the project’s refurbishment contractor, GR Engineering Services.

Echo to raise $5m for gold project

Gold explorer Echo Resources has tapped investors for $5 million to fund ongoing development of its Yandal project near Wiluna.

Pilbara Minerals finalises Pilgangoora contracts

Pilbara Minerals has signed-off four major contracts for its Pilgangoora lithium project, with RCR Tomlinson, NRW Holdings, Action Industrial Catering and the Njamal traditional owners winning the lion’s share of the work.

Graphex raises $2.6m for Chilalo

Graphex Mining has tapped investors for $2.6 million as it moves ahead with development of its Chilalo graphite project in Tanzania, amid legislative changes to how the country’s government receives mining royalties.

Paladin administrators restructure debt

The administrators of Paladin Energy have entered into an agreement with Deutsche Bank to refinance some of the troubled uranium miner’s debt and fund ongoing work at the Langer Heinrich mine in Namibia.

Newcrest output drops on Cadia hit

Newcrest Mining has posted a 2.4 per cent drop in full-year gold production driven by lower output at its Cadia mine in NSW, which was shut after an earthquake in April.

Tempo buys electrical engineer

Tempo Australia has announced the acquisition of NSW-based electrical engineering company KP Electric for up to $10.1 million.

Steady quarter for Atlas Iron

Atlas Iron has delivered a steady result for the three months to June and has reaffirmed its output guidance for FY18.

Attila completes New Century reverse takeover

New Century Resources has enjoyed fruitful gains on its first day of trading on the ASX after completing a reverse takeover of Perth-based Attila Resources.

Paladin's Langer Heinrich stake worth $526m

Paladin Energy says it is entitled to receive about $US416 million for its majority stake in the Langer Heinrich uranium mine in Namibia, following an independent evaluation of the asset.

FMG likely to appeal native title decision

Fortescue Metals Group is likely to lodge an appeal after the Federal Court recognised the Yindjibarndi people have exclusive rights over Pilbara land where the company operates the Solomon iron ore operation.

Native title winners seek Fortescue compo

Yindjibarndi Aboriginal Corporation will seek compensation from Fortescue Metals Group after the Federal Court recognised it has exclusive rights over Pilbara land where the company operates the Solomon hub.

Evolution hits targets

Evolution Mining has lifted output and cut costs in the June quarter, helping it comfortably achieve its full-year production and cost guidance.

South32 output drops for most commodities

Shares in South 32 have fallen after the diversified miner's annual production of several commodities, including coal, dropped and the company missed its full-year production guidance on some of them.

Metro taps investors for $38m

Metro Mining shares were up 20 per cent after the bauxite hopeful announced the completion of a $38 million capital raising through Perth broking firm Argonaut.

BHP hits record iron ore production in WA

BHP Billiton has met full-year production targets in its main iron ore and petroleum businesses, with a record result achieved at its Western Australian operation, but fell just short in its troubled copper business due to an extended strike at a Chilean mine.

Nepean buys Sandvik operation

Privately-owned mining equipment supplier Nepean Conveyors is aiming to expand its manufacturing operations in Perth after buying the global conveyor business of Swedish company Sandvik.

No plans to lift volumes: Fortescue

Fortescue Metals Group has poured cold water over reports that its proposed Eliwana iron ore mine near Tom Price would produce more ore on an annual basis than the mine it would replace.

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