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Mining

MinRes loads first ore at Koolyanobbing

Chris Ellison-led Mineral Resources has loaded the first train of iron ore from its recently acquired Koolyanobbing mine near Southern Cross.

Capricorn flags board changes

Gold-aspirant Capricorn Metals has announced a board restructure, which includes the retirement of managing director Heath Hellewell and founding director Peter Langworthy.

Thiess wins FMG autonomous install contract

CIMIC Group’s Thiess has been awarded a contract to install autonomous haulage system technology at Fortescue Metals Group’s Christmas Creek iron ore operations in the Pilbara.

Geopacific releases DFS for $198m Woodlark project

Geopacific Resources has detailed a capital expenditure of $198.5 million for its Woodlark gold project and is set to commence in early 2020.

BHP facing ore shortfall

BHP Billiton disclosed today that its iron ore stockpiles at Port Hedland will not be sufficient to cover the supply disruption caused by this week’s train derailment.

Kin responds to leaked report

The board of Kin Mining says costs at its Leonora gold project could have blown out by up to 50 per cent, after the explorer today released an engineering report that was leaked online earlier this week.

Golden State set for ASX debut after $4.6m IPO

West Perth-based Golden State Mining is set to list on the ASX tomorrow, after the company raised $4.6 million via an initial public offering.

Strandline in $3m raising

Strandline Resources has boosted its coffers with a $3 million capital raising to fund development its mineral sands projects in Tanzania and Western Australia.

BHP suspends WA rail over runaway train

BHP Billiton's rail operations in the Pilbara are expected to be out of action for a week after a runaway train laden with iron ore travelled 92 kilometres with no-one on board before it was deliberately derailed.

Streeter backs two Perth explorers

Terry Streeter-chaired Moho Resources is set to list on the ASX tomorrow, while the experienced mining executive has also been appointed to the board of Chile-focused explorer Emu.

South32 fined $65,000 over WA death

The death of an electrician, who was crushed between a lift car and the shaft at an alumina refinery in the state's south, has led to South32 being fined $65,000.

Lycopodium wins West African contract

Lycopodium has secured an engineering contract with Scarborough-based West African Resources for its Sanbrado gold project in Burkina Faso, which has commenced early works.

Runaway iron ore train derailed in WA

A runaway train loaded with iron ore travelled with no-one on board for 92 kilometres in Western Australia's Pilbara region before it was deliberately derailed.

King River flags $2bn+ capex

King River Copper has put a $2 billion-plus price tag on its Speewah vanadium project near Kununurra, while TNG has appointed German group SMS to complete an engineering study for its vanadium project in the Northern Territory.

Report finds battery-making debate overcharged

A new report has cast doubt on Western Australia's suitability as a lithium battery-making hub, claiming low labour productivity, distance from major markets and difficulties sourcing the necessary material as barriers to any potential development.

Orica reveals Burrup delay

Explosives manufacturer Orica has revealed technical issues at its half-owned ammonium nitrate plant in the Pilbara will cause a production delay of more than 12 months.

Roy Hill boosts Hancock profit

The production ramp-up at iron ore miner Roy Hill Holdings has helped the company lift annual profit by 69 per cent, in turn boosting the annual earnings of its major shareholder, Gina Rinehart’s Hancock Prospecting.

Ausdrill falls on contract news

Shares in Ausdrill have slumped nearly 10 per cent today, after the mining services company said it had not secured a contract extension in Ghana.

Emerald to raise up to $30m

West Perth-based Emerald Resources has tapped investors for $27 million to fund exploration at the company’s Okvau gold project in Cambodia.

Forrest buys $15m FMG stake

Andrew Forrest has upped his stake in Fortescue Metals Group after buying $15 million worth of shares in the iron ore miner last week.

Hancock Prospecting posts $1.37bn profit

The money-making power of Gina Rinehart’s mining business has been abundantly demonstrated in the group’s latest financial results, with her private company Hancock Prospecting lifting annual net profit 28 per cent to $1.37 billion.

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