Dundee Corporation has upped its stake in Ausgold under a 4 cents per share capital raising, under which the explorer gained a new institutional investor.
Ronald McDonald House Charities WA, a new Rare Care Centre at Perth Children’s Hospital and the Perth Lynx are the beneficiaries of three recent sponsorship agreements.
Shares in the Chile-focused copper play closed 16 per cent higher after confirming its biggest shareholder had reserved more than half of copper output from its Costa Fuego project.
Peter Wade has stepped down as Mineral Resources’ non-executive chair after spending a decade in the role and 23 years overall with the WA iron ore play.
Atlas Iron’s Miralga Creek mine has produced its first iron ore, with the project built by a joint venture including Indigenous contractor East West Pilbara.
Sandfire Resources has cited stronger copper prices and operational performance in posting a 24 per cent increase in net profit to $US55.2 million over the first half of the financial year.
Perseus Mining has struck a friendly $C219 million deal to acquire full ownership of Canada’s Orca Gold Inc, which owns 70 per cent of a development project in Sudan.
Australian Gold Reagents has flagged a significant expansion to its sodium cyanide plant in Kwinana in efforts to keep up with increased demand for gold.
Nev Power has stepped down as chairman of Perth Airport and taken a leave of absence from Strike Energy and APM, ahead of his sentencing for breaching COVID travel rules.
WA contractors Monadelphous and Perenti both enjoyed improved revenues during the first half of the financial year, but labour and productivity constraints continue to hamper the sector.
