Shares in West Perth-based Raiden Resources (previously SubZero Group) enjoyed strong gains today after they started trading on the ASX, following a two-year restructuring of the company and acquisition of a copper-gold project in Serbia.
Downer EDI has posted an $11.1 million first-half loss, dragged down by a goodwill impairment on its mining operations, write-downs from its freight rail divestment and redundancy costs from its recently acquired Spotless.
BHP Billiton has increased the expected cost of its South Flank iron ore project to $US3.6 billion ($A4.6 billion), substantially above the estimated range it provided in June 2017 when initial funding was approved.
Aspiring gold miner KIN Mining is still on the hunt for a new managing director after the resignation of Don Harper last week, with the company announcing a board restructure that will include an independent chairperson.
Shares in mining equipment supplier Imdex have jumped 8.3 per cent today after the company announced a half-year profit of $10.6 million, with revenue up 28 per cent on the corresponding period last year.
Finders Resources’ major shareholder, Eastern Field Developments, has changed its hostile takeover bid for the copper miner to 'unconditional' status, with the Indonesian consortium continuing to raise concerns about the company’s Wetar project.