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Mining

Vector acquires African gold project

Vector Resources has acquired a 60 per cent stake of the Adidi-Kanga gold project in the Democratic Republic of Congo, in a cash and scrip deal worth about $14 million.

Uranium miners' shares soar on good news

Shares in uranium stocks Berkeley Energia and Eclipse Metals have risen sharply amidst positive news relating to the companies’ respective flagship projects.

Longworth to lead Metalicity

Former Heron Resources boss Mathew Longworth will take the helm of mining hopeful Metalicity, as managing director Matt Gauci announced he will move on after more than six years in the role.

Aus Vanadium raises $6.2m

West Perth-based Australian Vanadium has raised nearly $6.2 million from the recent exercising of approximately 204.6 million options.

Lycopodium wins $132m Perseus contract

Perseus Mining has awarded the engineering and supply contract at its Yaouré gold project, located in the West African country of Côte d’Ivoire, to fellow Perth-based company Lycopodium.

Feds approve mine, waste storage in outback WA

Plans for a kaolin mine and low level nuclear waste storage facility in the Shire of Coolgardie have taken a step forward, after Sydney-based Tellus Holdings received approval from the federal environmental regulator for the project.

Gumala wins $16m West Angelas contract

Indigenous contractor Gumala Enterprises has secured a $16 million contract at Rio Tinto’s West Angelas mine, in what is the company’s single biggest contract win in the past five years.

Apple, Facebook lead Wall St to 3-wk high

The S&P 500 has jumped to a three-week high, led by Apple, Amazon, Facebook and industrial shares on bets that the United States and China would strike a deal to end their trade war.

WA gold miners highlight S&P/ASX 200 top performers

Gold miners with Western Australian operations are providing a strong return to investors, making up 35 per cent of the top 20 performing stocks in the S&P/ASX 200 for the past three months.

Miners to lead WA employment boost

Employers are expected to add more staff in the first three months of 2019 than at any time in the past four years in Western Australia, according to new research by recruitment firm Manpower Group.

Lewis to lead Southern Ports

Steven Lewis has been appointed chief executive at Southern Ports, effective January 14.

Shareholder seeks to oust Sage from Cauldron

Technology minerals explorer Cauldron Energy is facing a new challenge after one of its major shareholders moved to oust director Nicholas Sage.

Cervantes stock up 28.5% on drilling results

Shares in Cervantes Corporation jumped on the ASX today after the company announced it had concluded drill testing at its Albury Heath project located 20 kilometres north-west of Meekatharra.

Black Rock signs third deal with Chinese buyer

Black Rock Mining has secured a third Chinese buyer for graphite from its Mahenge mine in Tanzania.

Volt launches legal action over Wescone acquisition

Henderson-based Volt Power Group has filed a writ in the Supreme Court of Western Australia against the vendor of Wescone Distribution, a mining equipment manufacturer it acquired in January 2018.

Cape Lambert in halt ahead of Congo project update

Shares in Tony Sage's Cape Lambert Resources have been placed in a temporary halt, ahead of a pending announcement regarding the company’s Kipushi cobalt-copper tailings project in the Democratic Republic of Congo.

Doray Minerals in $15m sale

Gold and copper producer Doray Minerals has announced the sale of its Andy Well and Gnaweeda gold projects to Westgold Resources, in a cash and scrip deal worth $15 million.

Fortescue taps NRW for $57m Eliwana contract

Fortescue Metals Group has selected Belmont-based NRW Holdings as the preferred contractor to deliver the first stage of earthworks, roadworks and drainage works at the company's Eliwana rail project, located 90 kilometres west of the town of Tom Price in Western Australia’s Pilbara region.

Tribune, Rand reject Northern Star's $150m Kundana bid

Northern Star Resources has been knocked back in its $150 million bid to acquire a near-half stake in the East Kundana gold mine from its joint venture partners Tribune Resources and Rand Mining, which say the offer significantly undervalues the asset.

Lithium momentum continues in Pilbara, South West

Western Australia continues to evolve into a globally significant energy metals province, with Pilbara Minerals securing funding to support a second stage of its Pilgangoora lithium mine in the north of the state, while US chemicals giant Albemarle Corporation has begun work on its $1 billion lithium hydroxide facility near Bunbury.

Koolyanobbing bail-out cost revealed as $182m

The state government’s Koolyanobbing mine bail out will cost $182 million, according to budget details released today.

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