Search

Mining

Evolution in $880m Glencore deal

Evolution Mining will pay Glencore $880 million in a deal to take an interest in the Ernest Henry copper and gold mine in Queensland.

SCEE out of the red with $5m profit

Southern Cross Electrical Engineering has made a net profit for the 2016 financial year, turning itself around from last year's loss.

GR delivers in tough market

GR Engineering Services wrapped up the 2016 financial year with record revenue and increased profit, but says competition for design and construction opportunities remains high.

Sheffield raises $17m for mineral sands project

Perth-based Sheffield Resources has tapped investors for a $17.1 million capital raising to fund completion of a bankable feasibility study on its $271 million Thunderbird mineral sands project near Derby.

RCR wins more work in WA

RCR Tomlinson says it has won $170 million worth of contracts for work across Australia, including at BHP Billiton's operations in the Pilbara.

Sandfire buys out JV partner

Ventnor Resources has sold its stake in the Thaduna/Green Dragon copper project to joint venture partner Sandfire Resources.

Teck considers options in Rox deal

Rox Resources' joint venture partner Teck Australia has voiced concern today with the company's proposed sale of its stake in the Reward zinc-lead project to Marindi Metals, after competing bidder IM Medical said last week an exclusivity agreement had been breached.

Troy flags $87m impairment

Perth-based gold miner Troy Resources says it expects to record an $87 million impairment in its full-year accounts, with the majority of the charge attributed to the sale of its Casposo project in Argentina.

MACA focuses on gold as profit falls

Perth-based contractor MACA is focusing on securing more work in the gold sector after reporting a slump in full-year profit.

Monadelphous profit slides 27%

Shares in engineering firm Monadelphous Group fell sharply today after it posted a 27 per cent slide in profit on the back of lower activity in the resources and energy sectors and predicted contracting margins would remain under pressure.

Macmahon returns to the black

Local contractor Macmahon Holdings has returned to the black with a net profit of $1.7 million after a tough year in the mining sector.

Galaxy ups South American lithium forecast

Galaxy Resources has more than doubled the forecast profitability of its proposed Sal De Vida lithium mine, in an updated definitive feasibility statement released today.

Rio marks 50 years of iron ore

Rio Tinto has announced the 50th anniversary of its first contracted iron ore shipment from the Pilbara, as debate continues around the adequacy of its royalty payments and the legacy for indigenous people in the region.

Baxter to chair MZI as Randall retires

Former Calibre Group boss Rodney Baxter has been named chairman of mineral sands miner MZI Resources, following Malcolm Randall's retirement from the role today.

Larger payout for Northern Star investors

Gold miner Northern Star Resources has increased its dividend payout after confirming a 65 per cent jump in full-year profit, on the back of higher gold prices and a reduction in costs.

Fortescue ups dividend as profit jumps

Fortescue Metals Group has hoisted its final dividend to a record high after a partial rebound in iron prices and lower costs helped the Pilbara miner more than treble full-year profit.

Padbury directors banned, fined $25,000

Padbury Mining directors Gary Stokes and Terry Quinn have each been fined $25,000 and banned from being company directors for three years after the Federal Court found their announcement of a $6 billion funding deal for the Oakajee port and rail project was misleading and deceptive.

Solid year for gold-focused Ramelius

Ramelius Resources has enjoyed a fruitful year, with profit up 71 per cent on the back of increased production and lower costs.

Blackham raises $25m ahead of first gold pour

Blackham Resources has completed a $25 million capital raising ahead of achieving first production at its Matilda gold project near Wiluna.

MinRes pays out bigger dividend

Diversified business Mineral Resources has increased the size of its dividend payout on the back of an improved underlying profit and despite a statutory net loss.

Pages