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Mining

PolarX raises $4m

Junior explorer PolarX has boosted its coffers with a $3.9 million capital raising, with the proceeds to fund the company’s exploration program at its Alaska Range project.

EC&M wins $60m in contracts, opens NSW office

Henderson-based contractor EC&M has been awarded a series of contracts in Western Australia and the eastern states with a combined value of about $60 million.

CEO lunch with Brendan Gore

Despite his non-linear career pathway, Brendan Gore’s resources sector roles have provided invaluable experience for his leadership at Peet.

Board moves: Everingham, McDowell

Two Perth companies have announced board moves with political connections, with Austal director Jim McDowell leaving to take a powerful job with the South Australian government and IT company Cirrus Networks appointing Paul Everingham as a non-executive director.

Norwest secures $5m and appoints CEO

Investors have committed $5 million towards the planned IPO of Norwest Gold, a gold and base metal spin-off from Australian Mines.

RDG makes $2.8m purchase

Resource Development Group has made its first major purchase since the sale of three subsidiaries in 2015, buying a majority stake in mining services business Mineral Solutions Australia for $2.8 million.

Talison approves $516m Greenbushes expansion

Talison Lithium has confirmed it will build a third concentrator at the Greenbushes lithium mine to boost output to 1.95 million tonnes per annum, but the owner of tantalum rights at the project has again warned the expansion will be subject to an ongoing legal battle.

Bass highlights WA growth opportunities

Mining and technology entrepreneur Charlie Bass has flagged six industries, including medicine, agriculture and the arts, that offer Western Australia the opportunity to forge a more sustainable economy.

AngloGold snares new CEO

Gold miner AngloGold Ashanti has poached one of the top executives from rival Barrick Gold to replace outgoing chief executive Srinivasan Venkatakrishnan.

Ardea releases study on $1.17bn project

Ardea Resources has released an expansion study for its Goongarrie nickel-cobalt project in Kalgoorlie, with the company detailing a 2.3mtpa capacity at a cost of $1.17 billion.

MinRes confirms $2bn+ spend

Mineral Resources has for the first time revealed the cost of two major projects, saying it will spend $610 million building its lithium concentrate processing plant, which is due to start production later this year, and up to $1.6 billion on its proposed lightweight rail system.

Clough JV locks in Mongolian contract

A joint venture between Perth-based companies Clough and RUC Cementation Mining Contractors, which are both owned by South Africa’s Murray & Roberts, has secured two mining contracts in Mongolia.

Finlayson sells $12m Saracen stake

Saracen Mineral Holdings managing director Raleigh Finlayson has received about $12 million after selling more than half his stake in the gold mining company.

Western Areas kicks off Odysseus

Nickel miner Western Areas has begun early works at its Odysseus project, signing on local contractor MACA, while also announcing it had reached its production guidance for the year to June.

Dennis set to lead Poseidon

Poseidon Nickel has appointed company director Robert Dennis as its new chief executive, with the former Independence Group executive set to take over the role next month.

Egan Street upbeat on gold project

Gold-focused Egan Street Resources says it will cost $36.1 million to bring its Rothsay project in the Murchison region into production.

Silver Lake hits gold target

Gold miner Silver Lake Resources has posted above-guidance sales for the year to June, while Red 5 says it is on track to meet its production forecast for the 2018 calendar year.

Optimism as markets move

There may be some positive news for two beleaguered WA mining projects.

Forethought needed for lithium boom dreams

Lithium advocates have been cautioned to separate facts from hype as it is not yet clear if battery manufacturing in Western Australia will be practical, although refining plans should proceed immediately, according to Mckinsey & Co partner Prabhav Sharma.

Poseiden flags $56.7m restart at Black Swan

Poseidon Nickel has released a feasibility study confirming the viability of restarting its mothballed Black Swan project near Kalgoorlie, with an estimated capital expenditure of $56.7 million.

Mod in $27m copper deal

MOD Resources has moved to full ownership of its T3 copper project in Botswana, after acquiring UK-based Metal Tiger’s stake of the project in a scrip deal worth $26.6 million.

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