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Mining

Autonomous truck deal for Roy Hill

Iron ore miner Roy Hill Holdings is taking a further leap into the world of autonomous mining, selecting Epiroc and ASI Mining to convert its fleet of 77 trucks from manned to driverless use.

ABC Refinery hires Perth Mint team

Sydney-based ABC Refinery has poached three senior Perth Mint employees to join its treasury and trading team as it ramps-up its competition with the government-owned business.

MinRes ramps-up iron ore

Mineral Resources is focused on ramping-up its iron ore operations after a major restructuring last year of its lithium assets, with the company also declaring an increased dividend today.

Study confirms West Musgrave potential

Oz Minerals and Cassini Resources believe their West Musgrave nickel-copper project in Western Australia can be a long-term, low-cost operation, following completion of a pre-feasibility study that found the mine's development cost would be about $995 million.

Magmatic to raise $5m

Magmatic Resources has secured commitments to raise $5 million from a share placement to explore its tenements in the East Lachlan gold-copper province in NSW.

Northern Star lifts earnings, dividends

Shares in Northern Star Resources have continued their steady recovery back towards record levels after the gold miner reported improved half-year profits, declared higher dividends and foreshadowed further growth.

Scott Tech wins multi-million Rio contract

Rio Tinto has contracted New Zealand business Scott Technology to build an automated mine site laboratory for its Koodaideri iron ore project in the Pilbara.

AVL receives $1.25m grant

Australian Vanadium has received a $1.25 million grant from the federal government to find ways to improve vanadium production.

Wright family in court over iron ore fortune

Julian Wright has commenced legal action in the Supreme Court, claiming he was defrauded when he sold his share of the family company to his siblings, 'rich listers' Angela Bennett and the late Michael Wright.

Mincor contracts Hamptons for nickel project

Kalgoorlie-based Hampton Mining and Civil Services has secured an early works contract for Mincor Resources’ Cassini nickel project in Western Australia’s Kambalda district.

Spectrum shares surge on Ramelius offer

Goldminer Ramelius Resources has lodged a $208 million takeover offer for Spectrum Metals, after Spectrum settled its disputes with Venus Metals Corporation in relation to the acquisition of the Penny West gold project in Western Australia.

GR Engineering wins $74m contract

Ascot-based GR Engineering Services has been contracted to build a sulphide flotation and processing plant for Galena Mining’s base metals project in Western Australia.

Tesoro Resources gets ready for ASX debut

Perth-based explorer Tesoro Resources will begin trading on the Australian Securities Exchange tomorrow after completing a backdoor listing, an outcome that's been increasingly rare of late.

Junior explorers raise $6.8m

Perth-based explorers Technology Metals and Artemis Resources have each raised $2.1 million through share placements, while South Australian company Twenty Seven Co is seeking to raise $1.6 million to explore its tenements in Western Australia’s Goldfields region.

Southern Cross wins $18m Rio contract

Rio Tinto has contracted Perth-based Southern Cross Electrical Engineering to complete rehabilitation works on its Gove Peninsula operations in the Northern Territory.

NRW wins $70m Fortescue contract

Civil and mining contractor NRW Holdings has secured a $70 million contract for works on the Iron Bridge magnetite project near Port Hedland.

Paladin appoints new CEO

Ian Purdy will replace Scott Sullivan as the new chief executive of Paladin Energy, following the uranium miner's major board upheaval two months ago.

Private companies deliver strong growth

Private companies and not-for-profit businesses play a prominent role in the West Australian economy, with annual revenue at the top 20 exceeding $32 billion, according to data compiled by Business News.

Panoramic downgrades output forecasts

Shares in Panoramic Resources have plunged by more than 33 per cent, falling to their lowest price since 2016, after the company downgraded production guidance for the underground Savannah mine in the Kimberley.

Saracen sells Red 5 stake for $39m

Saracen Mineral Holdings has sold its 10.5 per cent interest in Red 5 for $39 million, completed through a book build process at 30 cents per share prior to the ASX market open today.

Fortescue boosts shipments, unveils power project

Fortescue Metals Group is anticipating iron ore exports to be at the upper end of guidance after posting record shipments for the first half of 2020, while also announcing plans to spend $US450 million ($A668 million) on a solar-gas power facility.

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