Poseidon Nickel has announced the resignations of long-time board members David Singleton and Chris Indermaur, with their replacements coming from major shareholders Black Mountain Metal and Squadron Resources.
Henderson-based Civmec will start a maintenance services contract with iron ore miner Roy Hill Holdings next month, building on work it is undertaking for major players Rio Tinto, Alcoa of Australia and Fortescue Metals Group.
Lithium producer Tawana Resources has secured a $40 million funding package with a consortium led by Tribeca Investment Partners, with its planned merger with joint venture partner Alliance Mineral Assets expected to be completed in November.
Black Rock Mining has signed a strategic agreement with a Chinese machinery company to supply plant equipment and source up to $US40 million ($55 million) for the graphite explorer’s Mahenge project in Tanzania.
Gold producer Blackham Resources has announced a $23 million funding deal with New York-based fund manager The Lind Partners to repay lender Orion and finalise an expansion study for the Wiluna project.
A private Chinese company is planning to invest $100 million in two major iron ore projects that have been dormant for the best part of a decade - the Oakajee port in WA's Mid West and Sundance Resources' Mbalam Nabeba mine in Cameroon.
Shares in local gold stocks Tribune Resources and Rand Mining have soared today, after each announced special dividends worth a combined $250 million, following an adverse ruling by the Takeovers Panel on Monday.
Shares in mineral sands-aspirant Sheffield Resources touched an all-time high today after the federal government approved a $95 million debt facility to develop the company’s Thunderbird project in the Kimberley.