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Mining

Ausdrill slumps on MinRes contract change

Shares in Ausdrill slumped more than 20 per cent today after the mining services company said its $180 million contract at Mineral Resources’ Wodgina lithium project was set to halve in value.

NPJV wins Maca contract

A joint venture between indigenous group Njamal Services and Pilbara Resource Group has added to its work book as a sub-contractor to MACA on a major lithium project.

Nickel could steal lithium’s thunder

Growing demand for nickel in steelmaking and battery production is positive news for WA, and the Kalgoorlie region in particular.

Talisman sells Springfield stake in $72m deal

Sandfire Resources has reached an agreement to purchase Talisman Mining’s stake in the Springfield joint venture project in the Goldfields region for $72.3 million.

Atlas shares soar after MinRes amends agreement

Mineral Resources has agreed to allow takeover target Atlas Iron to enter discussions with other parties, one day after the Andrew Forrest-chaired Fortescue Metals Group purchased a blocking stake in the junior iron ore miner.

Bannerman raises $8m

Uranium-focused Bannerman Resources has announced an $8 million capital raising to fund further studies on its Etango project in Namibia.

Hexagon seeks $6m raising

Graphite-focused Hexagon Resources is seeking to raise up to $6 million to progress the company’s McIntosh project in the Kimberley.

FMG takes blocking stake in Atlas

Andrew Forrest-chaired Fortescue Metals Group has taken a surprise 19.9 per cent stake in Atlas Iron, and says it will block the $280 million takeover proposed by diversified mining services business Mineral Resources.

Millennium secures $18m loan facility

Millennium Minerals has secured a $17.5 million loan facility with Investec to fund an expansion of the company’s Nullagine gold project in the Pilbara.

Neometals in land deal for Kalgoorlie lithium plant

Neometals has signed a two-year option agreement for a 40-hectare site in Kalgoorlie for its proposed development of a lithium hydroxide refinery.

Waste JV wins Rio contract

A joint venture established by global waste management company Veolia and indigenous partner Our Country has been awarded a multi-million dollar contract covering Rio Tinto’s entire Pilbara iron ore operations.

BCI releases study for $335m Pilbara project

BCI Minerals has released a pre-feasibility study for its Mardie salt and potash project in the Pilbara, with a total capital expenditure of $335 million needed to reach full production.

Primero prepares for ASX listing

Perth-based engineering firm Primero Group has appointed company director Mark Connelly as chairman and broking firm Cannacord Genuity as lead manager as its finalises plans for an initial public offering.

AMEC appointed to Mt Thirsty PFS

AMEC Foster Wheeler Australia has been appointed as study engineer for a pre-feasibility study at Barra Resources and Conico’s Mt Thirsty joint venture project near Norseman.

Christmas Island mining program rejected

The federal government has rejected a mining exploration program by Perth-based CI Resources on Christmas Island that would have extended the company’s existing phosphate operations by up to 10 years.

Kin, Nzuri raise $17m

Two junior explorers have announced capital raisings today, with aspiring gold miner KIN Mining tapping investors for $11.3 million while Nzuri Copper has raised $6 million.

Koppar rises on debut after $4m IPO

Norway-focused Koppar Resources has begun trading positively on its debut on the ASX today, after the company raised $4.5 million via an initial public offering.

$210m coal extension for NRW

A subsidiary of Belmont-based NRW Holdings has secured a $210 million extension of its mining services contract at the Curragh coal mine in Queensland.

Immersive charts new markets after 25 years

Mining-focused technology company Immersive Technologies has the rare distinction of becoming a global leader while retaining local ownership and control.

Galileo up 58% on ASX debut

Shares in Galileo Mining, which is backed by Mark Creasy and Chris Ellison, have closed up strongly on their first day of trading after the company raised $15 million via an initial public offering.

WA gold miner fined $35,000

A subsidiary of ASX-listed Westgold Resources has been fined $35,000 after a mine site worker was injured when he was struck by a 322 kilogram jib attachment on an integrated tool carrier.

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