Rio Tinto has highlighted the dramatic shift in strategy by the big mining houses by unveiling a ‘low cost’ expansion for its Pilbara iron ore business, with plans to lift production at five existing mines before it considers developing any new mines.
China-based Shandong Gold looks set to secure board control at Focus Minerals, after acting chief executive and chairman Don Taig announced his intention to resign from the company.
Forge Group looks set to surrender a significant share of its equity to creditor ANZ Banking Group in exchange for a company-saving debt package, as spooked investors wiped more than 83 per cent from the contractor's market value.
Just four months after becoming Forge Group's new lender, it appears ANZ Banking Group will need to pitch in more debt financing to keep the struggling company afloat.
Doray Minerals has officially opened its Andy Well gold project in the northern Murchison region, at a ceremony hosted by mines and petroleum minister Bill Marmion.
Bis Industries has deferred plans to launch a long-anticipated $510 million initial public offering due to what it describes as unfavourable market sentiment towards the Australian mining and resources sectors.
Sino Gas & Energy has taken advantage of a strong rally in its share price, reaching an agreement to raise $53 million at 20 cents per share, to progress development of its coal seam gas assets in China’s Ordos Basin.
Independence Group has downsized forecasted quarterly gold production at its part-owned Tropicana gold mine, after producing first gold within budget and ahead of schedule.
Perth-based Hazelwood Resources will look to raise up to $7 million to accelerate production at the ATC ferrotungsten joint venture facility in Vietnam, in which it has a 60 per cent stake.
Brookfield Multiplex has completed construction of a $200 million accommodation village at Hancock Prospecting's $10 billion Roy Hill iron ore mine in the Pilbara.
Empire Oil and Gas shareholders showed their overwhelming lack of support today towards the company’s recently ousted directors by lodging a massive vote against the remuneration report.
Perth-based concrete construction group Whittens has been awarded a $15.5 million contract for civil concrete construction works at the Boggabri coal handling and processing plant in New South Wales.
Iron Ore Holdings had mixed news for shareholders yesterday, with lower costs likely to bolster its major project but heritage issues causing delays at a second project involving Mineral Resources.
Mining billionaire Gina Rinehart has been awarded an honorary doctorate from Queensland's Bond University in recognition of her contribution to the Australian economy.
Bis Industries has acquired Queensland-based innovative haulage company Powertrans for $30 million as it prepares to launch a long-awaited initial public offering.
Calibre Group has promoted acting chief operating officer Peter Reichler to the position of managing director, on a total fixed remuneration package worth $500,000 less than that of his predecessor.
Embattled miner Mirabela Nickel has formally acknowledged “significant uncertainty” about whether it will continue as a going concern, after Canadian regulators issued a ‘cease trade’ order.