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Mining

New year spark for lithium

Local lithium players have hit the ground running in January, with Galaxy Resources shipping its first lithium since operations restarted at its Mt Cattlin mine, and others announcing more than $110 million of new deals.

Rio hits iron ore output forecast

Rio Tinto has kept intact its target for iron ore shipments in 2017 after hitting the mid-point of its revised guidance range for 2016.

Fortescue picks new CFO

Iron ore miner Fortescue Metals Group has picked one of its non-executive directors, and former Helloworld chief executive, Elizabeth Gaines as its new chief financial officer.

State go-ahead for Cameco uranium project

The state government has approved Canadian miner Cameco's proposed Yeelirrie uranium mine in the Goldfields, despite its failure to meet one of nine Environmental Protection Authority recommendations.

Steady debut for Kalamazoo

Gold-focused Kalamazoo Resources has wrapped up its first day of trading on the ASX, after completing a downsized $5 million initial public offering.

Regis lifts gold output

Subiaco-based Regis Resources has delivered its highest quarterly production result since September 2014, yielding 80,090 ounces in the second quarter of 2017.

CEO lunch with Scott Criddle

Business News sat down to lunch at Julio's with the CEO and managing director of Decmil Group, Scott Criddle, who says building relationships is an important part of his role.

Lawrenson leaves Avenira

Cliff Lawrenson has wrapped up his tenure as managing director of phosphate and fertiliser-focused Avenira, after accepting the top job at iron ore miner Atlas Iron last month.

Doray chairman resigns

Doray Minerals chairman Peter Lester has told the company he will retire on Monday to focus on his other business interests, less than two months after founding managing director Allan Kelly resigned.

BC Iron up on Iron Valley results

Shares in BC Iron closed 20 per cent higher today after the Perth-based iron ore junior announced record quarterly earnings from its Iron Valley mine.

Dacian starts building Mt Morgans mine

Aspiring miner Dacian Gold has started construction of its Mt Morgans project near Laverton, after finalising regulatory approvals and locking in a $150 million funding deal over the Christmas break.

ASX queries Padbury's $106m raising plans

Padbury Mining has again attracted regulatory attention, with the company acknowledging it should have notified the ASX when it negotiated potential capital raisings worth $106 million with a Hong Kong-based investor last year.

Solid quarter for Saracen, Ramelius

Junior gold miners Ramelius Resources and Saracen Mineral Holdings have posted solid quarters, with Ramelius achieving its production targets for a 12th consecutive quarter.

Iluka cutting costs to pursue Cataby

Mineral sands producer Iluka Resources has scaled back a proposed accommodation camp at the planned Cataby project near Cervantes in a move to reduce capital costs as it works to complete a feasibility study.

Paladin reveals major debt restructure

Ahead of a looming April deadline for a $US212 million convertible bond repayment, uranium miner Paladin Energy has announced a proposal to restructure its balance sheet by converting some debt into equity, extending the maturity date of the remaining amount, and undertaking a $US75 million capital raising.

BN30 stocks end year on high

An improved performance by some of the state's miners boosted the Business News index of listed Western Australian companies, the BN30, to finish almost 19 per cent higher over the year (2016).

Toro's Wiluna project gets state govt tick

Toro Energy has joined Vimy Resources in gaining state government approval for its uranium project expansion plans, however Environment Minister Albert Jacob is yet to make a decision on the more contentious Yeelirrie uranium mine proposal put forward by Cameco.

Estrella dives into WA lithium

Lithium play Neometals has joined the share register of Sydney-based Estrella Resources, at the same time that company completed its acquisition of Mt Edwards Lithium, which has tenements in Western Australia.

Exports up in Pilbara

December throughput was higher at the state's major north-west ports, with the Pilbara Ports Authority reporting nearly 60.5 million tonnes of cargo passing over its docks in the month, up 12 per cent on the same time in 2015.

Atlas pays off $54m of debt

Mid-tier iron ore miner Atlas Iron has repaid $54 million of debt to reduce its term loan to $118 million, amid expectations in will be in a net cash position by the middle of the 2017 calendar year.

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