Atlas Iron has posted disappointing quarterly results, with discounted prices for its low-grade iron ore leaving the miner with a loss from its March production.
Diversified mining services company Mineral Resources has announced plans to acquire Atlas Iron in a scrip deal that values the iron ore miner at $280 million.
Company director and former WA attorney general Cheryl Edwardes has been appointed as the new chairperson for agribusiness CropLogic while St John of God Health Care has appointed Azure Capital managing partner Adrian Arundell to its board.
Uranium miner Paladin Energy made a positive return to the ASX today following a tumultuous period during which it announced a recapitalisation deal that left shareholders with 2 per cent of the company's equity.
Perth-based Atlas Iron has repaid $20 million of debt to reduce its term loan to less than $85 million, while also continuing to pursue diversification opportunities in copper and lithium.
Atlas Iron has struck a deal with lithium developer Pilbara Minerals to purchase up to 1.4 million tonnes of direct shipping lithium ore over the next 15 months.
David Flanagan-led graphite explorer Battery Minerals has slashed the development cost of its Montepuez project in Mozambique by two-thirds, as the company restructures its plans for the operation.
Atlas Iron has swung to a full-year profit as a rebound in iron ore prices helped the junior miner recover from losses following a write-down a year earlier.
Atlas Iron has put plans to develop its Corunna Downs iron ore project on ice, but will maintain production for FY18 by increasing output at its Mt Webber operation.
Pilbara Minerals has signed a farm-in deal with Atlas Iron over its Mt Francisco lithium project, and the two companies have also struck a preliminary agreement allowing Pilbara to use Atlas Iron's existing infrastructure to support early shipments from the Pilgangoora project.
Fortescue Metals Group has risen into the ranks of the top 50 most valuable companies on the Australian share market thanks to soaring iron ore prices which have nearly quadrupled the miner's half-year profit and stoked investor demand.
SPECIAL REPORT - MINING SERVICES: Higher commodity prices and investment to maintain iron ore volumes could help lift mining contractors out of the doldrums after several tough years. Click through to see this and links to four other feature stories.
Shares in Atlas Iron fell 9.3 per cent today despite the company returning to after-tax profit in the six months to December on the back of higher volumes and a lift in the iron ore price.
Resurgent iron ore miner Atlas Iron will begin production at its Corunna Downs project in the Pilbara in March next year, after giving the green light for its development today.
More than $8 billion of greenfields iron ore projects are either proposed or in development, while $450 million of brownfields work is under way as the state's miners plan investments to maintain production.
A higher iron ore price has helped Atlas Iron post operating cash flow of $58 million in the December quarter, as the company maintained that it would reach a net cash position by the middle of the year.
Cliff Lawrenson has wrapped up his tenure as managing director of phosphate and fertiliser-focused Avenira, after accepting the top job at iron ore miner Atlas Iron last month.
Mid-tier iron ore miner Atlas Iron has repaid $54 million of debt to reduce its term loan to $118 million, amid expectations in will be in a net cash position by the middle of the 2017 calendar year.
Pacific Energy chairman Cliff Lawrenson will add the top job at Atlas Iron to his list of roles after being appointed chief executive and managing director of the iron ore miner today.
The transport and logistics subsidiary of Perth-based, family-owned CFC Group has acquired McAleese Group's entire heavy haulage fleet for an undisclosed sum.
Mining junior Atlas Iron plans to be in production at its planned Corunna Downs project by March 2018, the company announced at its annual general meeting today, while current operations at Wodgina and Abydos will end in late 2017 and early 2018 respectively.
The state government reached a milestone in its asset sales program last night after passing a bill to enable the leasing of Port Hedland's Utah Point, despite opposition from a lobby group representing the miners that currently use the wharf facility.
Before the unexpected (and perhaps unsustainable) rise in the price of iron ore, a more interesting trend was developing in the mineral that could put a spring under one of Western Australia's most
Iron ore producers have maintained their dominance over the BNiQ Search Engine Biggest Exporters list, as LNG producers are slow to start up. Click through to see the annual list of the state's biggest exporting companies.
A local gold company founded by prominent prospector Denis O'Meara hopes to begin trading on the ASX by the end of next month after completing a $10 million initial public offering.
Northern Star Resources has announced a major board restructure that includes the recruitment of two new directors and, in an unusual move that is at odds with corporate governance guidelines, the promotion of managing director Bill Beament to executive chairman.
Lower write-downs have helped Atlas Iron post a full-year net loss to $159 million, as the junior miner seeks to stay afloat amid weaker iron ore prices.
Embattled mining services business McAleese Group has gone into voluntary administration after failing to secure a lifeline from Hong Kong-based debt trader SC Lowy.
Iron ore shipments contributed more than $45 billion to the Western Australian economy in the 12 months to June, a figure well down on last year, according to BNiQ, despite a pick-up in volumes by the state's major producers.
Shares in miner Atlas Iron were up 10 per cent today after the company reported cash generation of $30 million after interest and profit sharing for the June quarter.
