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Mining

Alcoa workers on strike

About 1,500 Alcoa of Australia workers are striking across the company’s Western Australian operations, with attempts to establish a new enterprise bargaining agreement with Australian Workers Union members so far failing.

ACCC backs Fero takeover

Kewdale-based manufacturer Fero Group appears set to be acquired by global outifit DYWIDAG-Systems International (DSI) Group, after the competition watchdog said it would not oppose the deal.

Altura calls off takeover talks

Altura Mining has decided not to pursue a takeover from its largest shareholder, after its corporate adviser Citigroup began investigating a potential transaction in April.

Fire stops work at WA gold mine

Operations at Doray Minerals’ Deflector gold-copper mine in the Murchison region have been halted after a fire broke out at the site early this morning.

Trade war looms as tipping point

The trade war between the world’s two biggest economies is the latest sign of potential economic trouble just over the horizon.

Calls for nuclear waste facility in WA

WA-based Azark Projects is calling on the federal government to review its preference for a nuclear waste storage facility in South Australia, with the George Gear-led company proposing Leonora as a more suitable location.

Wesfarmers sells $860m coal stake

Perth-based conglomerate Wesfarmers has sold its stake in the Bengalla coal mine in NSW, continuing a major reshaping of its portfolio after the sale last year of another coal mine and the planned spin-off of its Coles business.

Echo releases Yandal study

Echo Resources has released a bankable feasibility study for its Yandal gold project in Western Australia, with the company forecasting a $39.3 million capital expenditure for the mine.

Board Moves: Rox, Galena, Alicanto, Infinity

Four local mining companies have announced new chief executives as the industry shifts its focus to the annual Diggers & Dealers conference in Kalgoorlie, which kicked off today.

FMG to retain Atlas blocking stake

Fortescue Metals Group has reduced its stake in Atlas Iron but crucially still holds more than 10 per cent, meaning Gina Rinehart's Hancock Prospecting will not be able to acquire full ownership of the takeover target.

Hancock moves to 56% Atlas stake

UPDATED: Gina Rinehart’s Hancock Prospecting announced late Friday it has increased its stake in takeover target Atlas Iron to 56 per cent, giving it effective control, and extended its $390 million offer for two weeks.

Pilbara releases DFS for $231m stage-two

Pilbara Minerals has released a definitive feasibility study for the planned stage-two expansion at its Pilgangoora lithium-tantalum project, with chief executive Ken Brinsden confident the $231 million upgrade will go ahead.

Regis plans $29m expansion

Regis Resources has approved a $29.4 million expansion at its Duketon gold project, which is expected to add 570,000 ounces over a five-year mine life.

Georgiou wins $18.7m Pilbara contract

Osborne Park-based Georgiou Group has been awarded an $18.7 million contract to construct a privately-funded traffic bridge carrying Great Northern Highway over the Roy Hill rail line, located approximately 25 kilometres south-west of Port Hedland.

MOD seeks dual listing

Copper-focused MOD Resources has announced it is seeking a dual listing on the London Stock Exchange to increase its international profile and improve access to capital in the UK.

Resources drive trade surplus

Australia’s resources industry has posted record exports of $220 billion for the 2018 financial year, as the country’s trade surplus rose to $1.8 billion, according to new data from the Australian Bureau of Statistics.

Growth plans for WA gold miners

Three Western Australian gold miners have outlined their growth plans, with Saracen Mineral Holdings announcing a 20 per cent increase in reserves, Northern Star Resources unveiling a $60 million exploration budget, and Red 5 targeting annual production of more than 100,000 ounces.

EPA backs Paroo Station lead mine

The environmental watchdog has recommended approval to TSX-listed LeadFX to restart the Paroo Station lead mine near Wiluna, which was placed on care and maintenance in 2015.

Paladin makes full takeover bid for Summit

Paladin Energy has announced plans to move to full ownership of fellow Perth-based uranium company Summit Resources, in a scrip deal worth around $7.8 million.

Maca secures $590m extension

MACA has extended a mining services contract with gold producer Regis Resources at its Duketon South operations near Laverton for the next five years.

Metals X raises $50m

Perth-based Metals X has raised $50 million via an institutional placement, with the proceeds set to be spent at the company’s Nifty copper project in the Pilbara.

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