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Mining

Dacian Gold names new CEO

Dacian Gold founder Rohan Williams is stepping down from his role as chief executive and executive chairman, to be replaced by 25-year mining veteran Leigh Junk and non-executive director Ian Cochrane.

Ellendale diamond mine a step closer to restart

Plans are in motion to restart mining at the Ellendale diamond mine, with Gibb River Diamonds accepting a state government offer to apply for new tenements at the Kimberley operation.

Investors back Northern Star's Super Pit buy

Investors have signalled their approval for Northern Star Resources’ Super Pit acquisition, with its $765 million share placement closing heavily oversubscribed.

Mincor, Triton collectively raise $8.5m

Mincor Resources has reported a surge of demand for the company’s stock, with a $5 million share purchase plan closing early and oversubscribed, while Titan Minerals has secured $3.5 million for its Peruvian exploration operations.

Super Pit Australian-owned as Northern Star closes deal

Northern Star Resources has confirmed it is the new owner of a half stake in Kalgoorlie-Boulder’s famous Super Pit, with the gold miner announcing an $US800 million ($1.16 billion) deal with Newmont Goldcorp.

CME celebrates record job figures for WA’s resource sector

The Chamber of Minerals and Energy of WA has celebrated the addition of 12,000 jobs to the state's resource sector in the 2018-19 financial year, bringing the overall number of workers employed in the sector to 124,010.

Canyon raising funds for Cameroon bauxite

Canyon Resources has raised $2.5 million to accelerate a pre-feasibility study for its Minim Martap bauxite project in Cameroon, while also kicking off a $1.5 million share purchase plan.

Northern Star tipped to buy Newmont out of Super Pit

Northern Star Resources has gone into a trading halt, with speculation mounting the acquisitive gold miner is raising funds to acquire a half stake in the Super Pit.

WestStar awarded $6m in contract extensions

WestStar subsidiary SIMPEC has been awarded $6 million in contract extensions, bringing the total value of contracts awarded to the company since July to $30 million.

Perenti loses equipment hire contract in Ghana

Ghana Manganese Company has terminated its equipment hire contract with Perenti Global subsidiary African Mining Services, following a temporary suspension of the contract earlier this month.

US funds manager to invest $6.3m in Lithium Australia

Lithium Australia’s move into the energy storage market has been backed by New York-based institutional funds manager The Lind Partners, via a $6.3 million funding agreement.

Nusantara raises $11m for Indonesian gold project

Gold explorer Nusantara Resources has secured finance to advance a development strategy for its Awak Mas gold project, with an $11 million capital raising backed by one of Indonesia’s leading energy companies.

Resolute to review Bibiani gold mine

Resolute Mining will undertake a strategic review of its Bibiani gold mine, engaging Cutfield Freeman and Treadstone Resource Partners as advisers in the process.

Talga raises additional $3m for Vittangi project

Talga Resources has raised $3.25 million from an institutional placement, following the announcement of a $6 million raising from an oversubscribed share purchase plan earlier this week.

Azumah urges shareholders to accept Ibaera offer

Azumah Resources has told its shareholders it will need to conduct a capital raising early next year to fund its share of the Wa gold project, if suitor Ibaera Capital is not able to achieve full ownership.

Paladin undergoes board restructure

Uranium miner Paladin Energy has appointed experienced mining directors Peter Watson and Peter Main to the board, while three non-executive directors have stepped down from their roles.

SRG wins $90m Alcoa contract

Engineering and construction company SRG Global has secured a five-year, $90 million asset services contract with Alcoa of Australia for work at its alumina refinery in Kwinana.

Talga raises $6m

Graphite explorer Talga Resources has raised $6 million from an oversubscribed share purchase plan, in excess of the $3 million target announced last month.

Macquarie invests in WA energy company

Malaga-based UON has announced Macquarie Bank as a strategic investor of the company, as it looks to bring new technology and solutions to Western Australia’s mining sector.

Lynas signs option for Kalgoorlie site

Rare earth producer Lynas Corporation intends to sublease an industrial zoned property from the City of Kalgoorlie-Boulder, three months after signing an agreement with the mining town to review potential sites for its cracking and leaching plant.

Salt Lake to raise $45.5m

Salt Lake Potash has secured further funding for the development of its Lake Way project in Western Australia after receiving commitments to raise $23.5 million from a share placement, along with a $22 million debt extension from Taurus Funds Management.

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