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Mining

NRW reveals Hughes price, Allegro completes JSW buy

NRW Holdings has revealed the price it has paid for the east coast operations of failed company Hughes Drilling, on the same day private equity fund manager Allegro formally acquired Hughes' Perth-based subsidiary JSW Australia for an undisclosed sum.

Super Pit suitors make history

A Chinese company's bid to buy a stake in the Kalgoorlie Super Pit would make it the latest international player to control WA's most famous gold mine.

Iluka to spend up to $290m in Sierra Leone

Mineral sands miner Iluka Resources could spend more than $290 million on ramping up production, streamlining operations and improving safety at Sierra Rutile after completing a merger with the Sierra Leone-based miner.

Mod's copper project to cost $US135m

Copper explorer MOD Resources has released a scoping study for an open-pit mine at its T3 project in Botswana, which has an estimated development cost of $US135 million ($A181.7 million).

Power muscles against mining tax

A proposal to roughly double the royalties paid by the state's two biggest iron ore miners was divisive and could set a dangerous precedent for fixing budget issues, Fortescue Metals Group chief executive Nev Power told this morning's Business News Success & Leadership breakfast.

Iluka revives $375m takeover

Mineral sands miner Iluka Resources has revived its $375 million takeover of Sierra Rutile, a week after the deal fell under a cloud due to geotechnical risks at the target's tailings dams.

Triton surges on ASX return

Recently revived Triton Minerals has made stellar gains on its return to the ASX today, after raising $14.1 million and exiting voluntary administration with a new board and management team.

Alan Tough dies at 77

Local businessman Alan Tough has passed away at the age of 77.

Guthrie resigns as Toro boss

Perth mining executive Vanessa Guthrie has announced her resignation as managing director of uranium-focused Toro Energy.

Minbos in $20m merger with JV partner

Phosphate explorer Minbos Resources has entered into a new agreement to merge with joint venture partner Petril Phosphate, in a scrip and royalties deal valued at about $20 million.

Dacian scales back raising as gold price falls

Dacian Gold has again reduced the size of its $50 million placement and put its $100 million entitlement offer on ice, in the wake of the falling gold price which hit a 10-month low overnight.

Iluka blows $6m on failed titanium venture

Mineral sands minder Iluka Resources says it has agreed with joint venture partner Vale to end plans to develop a titanium project in Brazil after deeming it unfeasible.

NRW bids for Hughes operations

Civil and mining contractor NRW Holdings has announced plans to buy the east coast operations of failed mining services company Hughes Drilling, with the acquisition price undisclosed.

Paladin seeks help as debt deadline approaches

Debt-troubled Paladin Energy has started discussions with some of its stakeholders and convertible bond holders about the looming deadline for a $US212 million repayment, as a cloud hovers over the company's planned sale of a stake in its Langer Heinrich uranium mine to meet those repayments.

Crawford, Rezos stir proxy debate

The chairmen of Perth companies South32 and Alexium International Group have singled out global firm Institutional Shareholder Services for criticism amid ongoing debate over the role of proxy advisers.

Impairment reversal helps Global Advanced Metals

Privately held tantalum miner Global Advanced Metals has reported a $6.3 million net profit for the year to June 2016, up from a $72.2 million loss in the previous 12 months, while its two Western Australian mine sites remained under care and maintenance.

Fortescue names vessels after family

Fortescue Metals Group has recognised the family of chairman Andrew Forrest by naming four new very large ore carrier (VLOC) vessels after his wife and children.

Matthews to lead graphite play

Former MZI Resources managing director Trevor Matthews has been named chief executive of local graphite hopeful Volt Resources.

Western Areas signs offtake deal with Nickel West

Western Areas has locked in its second nickel offtake agreement in as many days, announcing today a deal with BHP Billiton subsidiary Nickel West for product from its Forrestania nickel mine.

Dacian taps investors for $150m

Aspiring miner Dacian Gold has launched a $150 million capital raising to fund a big portion of the development costs for its Mt Morgans gold project near Laverton, which is expected to begin operating by 2018.

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