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Mining

Bellevue to raise $18.5m

Bellevue Gold is seeking to raise $18.5 million via an institutional share placement to fund ongoing exploration at its namesake project, and announced a director sell-down.

Blackham sells potash assets to Salt Lake for $10m

Blackham Resources has struck a deal to sell its Lake Way tenements to Salt Lake Potash for $10 million in cash.

BHP external CEO candidate push: report

At least three institutional investors in Australia are pushing for global miner BHP to consider external candidates to replace Andrew Mackenzie as new CEO, sources with direct knowledge of the matter say.

Pacific in trading halt amid takeover offer

Pacific Energy has enetered a trading halt today, ahead of an announcement regarding a takeover offer for the remote power provider, with competitor Zenith Energy enjoying a share price surge on the news.

Swick expands order book to $353m

Swick Mining Services has secured extensions with Northern Star Resources and Barrick Gold, as well being selected as a preferred tenderer by Silver Lake Resources.

FY19 growth for Regis & Westgold, but costs to rise

Gold producers Regis Resources and Westgold both recorded small production increases for the 2019 financial year, but all-in sustaining costs are set to increase

Altura raises $22m

Ningbo Shanshan, which last month became Altura Mining’s largest shareholder, has invested an additional $22.4 million in the lithium miner via a share placement.

Rumble and AIC ink earn-in deal

AIC Resources has struck a deal to spend up to $10 million in cash for a majority stake in Rumble Resources’ Lamil gold-copper project in the Paterson Province.

Northern Minerals to raise $30m

Northern Minerals is set to raise $30 million via a private share placement as it seeks to advance its Browns Range rare earths project in the east Kimberley.

Saracen posts strong FY19

Saracen Mineral Holdings has recorded an increase in full-year production in line with guidance, while its costs were lower than expected.

MinRes defers Marillana agreement

Mineral Resources and Brockman Mining have deferred the agreement for key infrastructure works at their $300 million Marillana iron ore project by up to a year, as MinRes seeks more time to satisfy preconditions.

Western Areas signs offtake deal

Western Areas has struck an offtake sale and purchase agreement with Sumitomo Metal Mining for product from its Forrestania nickel operation.

Gold price hits record high, gold stocks follow

The gold price touched an all-time high today in Australian dollar terms, sending the shares of many of the country’s gold miners surging, led by Resolute Mining and Northern Star Resources.

Pacific wins Jaguar contract

Pacific Energy has secured a contract to supply electricity to Round Oak Minerals’ Jaguar copper-zinc mine in the Goldfields.

Xodus acquires local environmental consultancy

International energy consultancy Xodus Group has announced that it signed an agreement to acquire North Fremantle-based Green Light Environmental.

De Grey to raise $22m, Eshuys joins board

De Grey Mining is seeking to raise $22 million via a share placement and rights issue to complete the acquisition of Indee Gold.

Worsley set for big production lift

South32 expects to reach nameplate capacity at its Worsley alumina operation this financial year, and revealed its coking coal production rose sharply from the year prior.

Calidus PFS reveals $95m Pilbara gold project

The pre-feasibility study of Calidus Resources’ Warrawoona gold project in the Pilbara has detailed a $95 million capital cost.

Port Hedland iron ore exports fall for FY19

The port of Port Hedland recorded a fall in iron ore exports for the 2019 fiscal year, with its major customer BHP today disclosing a decline in its annual production

Arafura raising falls short of target

Arafura Resources’ rights issue has only raised only around a third of its $23.2 million target, with underwriter Patersons Securities set to be issued with $7.9 million worth of shares.

Galaxy beats guidance

Galaxy Resources has reported strong production results in the June quarter, after it exceeded its guidance at the Mt Cattlin lithium operation despite shipment delays.

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