Search

Mining

Clive Palmer awarded $US149m

Clive Palmer has scored a big win over his Chinese partner in the Sino Iron project, with Citic today ordered to pay the Queensland businessman royalties worth nearly $US150 million.

Dawson endorses EPA's MinRes report, decision pending

Environment Minister Stephen Dawson has endorsed the environmental watchdog’s rejection of Mineral Resources’ Jackson 5 and Bungalbin East iron ore project, however, the government is yet to make a final decision on the proposal.

Government signs charter with resources industry

The state government has signed an agreement with the mining industry to ensure social and economic benefits to the Pilbara community with a focus on pathways to employment.

Rio extends iron ore deal with Sinosteel

Rio Tinto has again extended its joint venture agreement with Chinese state-owned steel company Sinosteel to sell its Pilbara iron ore.

$14m placement for Kalium

Kalium Lakes will raise $14.2 million in an oversubscribed share placement with plans to complete a bankable feasibility study and start early site preparation works at its Beyondie sulphate of potash project in the Pilbara.

$10m capital raising for Greenland

Greenland Minerals is set to raise $10.25 million through a share placement with the funds to be spent on technical optimisation and completion of permitting for its Kvanefjeld rare earths project.

Birimian in $12m placement

Lithium hopeful Birimian will tap investors for $12 million in a capital raising to fund the development of its Goulamina project in Mali.

South32 issues warning on rising costs

Diversified miner South32 has again issued a warning about cost pressures, saying it expects raw material input prices to rise across the industry.

Ellison firm as MinRes avoids spill

Directors of Mineral Resources have survived a motion for a spill meeting after a second strike against their remuneration report today, as managing director Chris Ellison stood firm on mining the Jackson5/Bungalbin iron ore deposit.

$21m share placement for Gascoyne

Gascoyne Resources has raised $21 million through a heavily oversubscribed share placement to fund further exploration and development at two of its Western Australian gold projects.

Monadelphous tips 30% growth

Engineering and construction contractor Monadelphous Group has painted a positive outlook after tough trading conditions in recent years, with the company tipping strong revenue growth in the current financial year.

Business community mourns death of David Humann

Company director and business adviser David Humann, whose roles included chairing nickel miner Mincor Resources and contractor Macmahon Holdings and being a member of the global board of accounting firm Price Waterhouse (now PwC), has passed away after a short illness.

Battery in strongly supported $20m raising

Battery Minerals has announced a $20 million capital raising, primarily through a strongly supported share placement, ensuring the company can progress at its graphite projects in Mozambique.

Swift wins lithium mine contracts

Perth-based telecommunications provider Swift Networks has secured multi-year contracts at three Western Australian lithium mine sites.

New gold levy plan immediately condemned

Treasurer Ben Wyatt has announced details of a new gold royalty increase that is budgeted to raise $332 million over four years while seeking to address the industry concerns that killed off his previous proposal, but the new plan has failed to win support.

BHP gets more time for Samarco claims deal

A Brazilian court has granted an additional 150 days for BHP Billiton, Vale and their joint venture, Samarco, to negotiate a settlement of multi-billion dollar public civil claims over the 2015 mine dam collapse in that country.

Quality is king as China cleans up

China's great environmental clean-up is starting to produce knock-on effects in Western Australia, with none more interesting than the ‘quality clash’ in the iron ore sector.

Cool reaction to $93m Altona acquisition

Perth-based Altona Mining has negotiated a scrip-based takeover deal that will see the aspiring copper miner bought by Canada's Copper Mountain Mining but its shares remain well short of the 17 cents valuation of the takeover scheme.

Junior explorers soar on drilling results

Shares in junior mining explorers Draig Resources and St George Mining have nearly doubled today after both companies announced positive drilling results.

Gold stocks soar on exploration results

Kalamazoo Resources, Legacy Iron Ore and Boss Resources all enjoyed share prices rises after announcing gold discoveries today.

Pages