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Mining

Ausdrill flags write-downs up to $95m

Mining services contractor Ausdrill anticipates a non-cash impairment of between $75 million and $95 million in its results for this financial year.

Onsite wins $30m Rio contract

Rio Tinto has awarded a contract around $30 million to Onsite Rental Group to provide ancillary and light mobile equipment over the next three years.

Peel raises $7m

Base metals junior Peel Mining has raised $7 million through an oversubscribed share placement, with the funds to go towards its projects in the Cobar Basin in NSW.

Salt Lake raises $20m

Salt Lake Potash has raised $20.25 million via a share placement, with the funds set to advance the development of its Lake Way project.

Roberts to leave MIN board

Tim Roberts, whose estimated net worth varied wildly in three recent rich lists, has stepped away from the public limelight by resigning from the board of ASX-listed Mineral Resources.

Wesfarmers taps Warburton

Wesfarmers has appointed a Perth-based company director and member of the Takeovers Panel to its board as a non-executive director.

Dacian shares collapse after downgrade

Shares in Dacian Gold have plunged up to 68 per cent today after a significant downgrade of June quarter production guidance from its flagship Mt Morgans operation.

Titan raises $20m for acquisition

Titan Minerals has raised $20 million via a share placement, as the Subiaco-based junior seeks to complete its acquisition of Canada-based Core Gold and advance Core's Dynasty Goldfield project in Ecuador.

Africa-focused juniors raise $14m

Uranium explorer Deep Yellow and Rare earths hopeful Pensana Metals have raised $9 million and $5 million, respectively, as the two companies seek to advance their projects in Africa.

NRW shares fall on Gascoyne collapse

Shares in NRW Holdings have fallen by as much as 13.5 per cent today, following a revision in its forecast for the second half of this financial year after Gascoyne Resources entered administration on Sunday.

Lepidico to raise $11m

Lepidico has raised $10.8 million via a rights issue, with the funds to go towards its lithium hydroxide production product.

Flinders disclosure concerns mount

Many minority shareholders of Flinders Mines have voiced discontent at the conduct of their board.

Aus Mines hit with two ASX queries in a week

Australian Mines says it cannot explain sharp rises in its share price, after the ASX issued it with two queries in the space of seven days.

Orthocell raises $10.6m

Orthocell has capitalised on a sustained rally in its share price to raise $10.6 million via a share placement at 40 cents per share.

Birimian brings in DRA Global for Goulamina

Birimian has appointed DRA Global to provide engineering services to optimise the process flow sheet for its $196 million Goulamina lithium project.

Resurgence of iron ore, nickel set the stage

OPINION: Could this be another boom moment in WA’s mining industry as global demand for the key commodities picks up pace?

Auroch to buy Minotaur’s WA nickel assets

Auroch Minerals is tapping into the resurgence of nickel activity in Western Australia, striking a deal to acquire Minotaur Exploration’s Saints and Leinster projects near Kalgoorlie.

ICRG into liquidation

One of the state’s largest indigenous contractors, which counted Fortescue Metals Group and Roy Hill Holdings among its clients, has been placed into liquidation.

Gold production fall claims disputed

The boss of gold mining consultancy Surbiton Associates has rejected reports that Australian gold production is set to fall substantially.

SRG wins $60m contract

SRG Global has secured a contract worth up to $60 million with South32 at its Worsley Alumina operations near Collie.

Mincor to raise $23m

Mincor Resources has raised $18 million in a share placement and is seeking to secure an additional $5 million via a share purchase plan to facilitate the restart of its Kambalda nickel operations.

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