Western Australia's valuer-general has begun a major overhaul of convoluted pastoral rents to build a new valuation leaseholders can work out with “basic mathematics”.
Lycaon Resources has struck a key land agreement with traditional owners, allowing it to start exploring for niobium and rare earths in highly-prospective carbonatites at West Arunta in far north-eastern Western Australia. The land access agreement with the Parna Ngururrpa people is the final hurdle before the company plunges the drillbit for the first time into tantalising magnetic anomalies within its tenements.
Toro Energy's 100 per cent-owned Dusty nickel project in Western Australia's Goldfields continues to grow, with the company's latest assays showing an up-dip extension to the continuous lens of nickel-rich mineralisation, about 160m thick. Assays from Dimma's fifth diamond hole showed 2.1m of massive nickel-sulphide grading 1.83 per cent nickel, 0.29 per cent copper and 0.55 grams per tonne platinum and palladium from 147.1m.
Software provider K2fly has revealed a steady stepladder towards profit-making after its latest financial year report showed healthy revenue of $12.8 million – a jump of 28 per cent on the previous period. The company's positive result was bolstered by a 25 per cent increase in annual recurring revenue up to $7.5 million, putting its three-year compound annual growth rate at 48 per cent.
In this podcast Mark Beyer and Mark Pownall discuss the DomGas inquiry, PwC, Alcoa, FMG move, and results wrap up on Wesfarmers, BHP, Pilbara Minerals, Northern Star and Monadelphous.
A year of rising costs and weaker commodity prices makes a dent in the Big Australian's bottom line as a cloud of uncertainty hangs over China's appetite for iron ore in the medium term.
South32 has fired a salvo at the state's gas producers, accusing them of forcing unreasonable terms on buyers and calling on the state government to enforce a use it or lose policy over gas fields.
A new data centre switched on in Australia's mining heartland could turbocharge the industry's investment in automation and remote operation technology.
BHP-owned Oz Minerals has agreed to pay $9.3 million in fines after self-reporting employees bribed foreign officials to obtain mining rights in Cambodia.
The lobby group for big business has backed up its support for a Voice to Parliament by disclosing its members have substantially boosted their Indigenous employment and procurement.
ASX-listed mining software provider K2fly has unveiled revenue of $4m for the final quarter of the financial year – a 38 per cent rise from the same period last year and up 18 per cent on the previous quarter. Management says the strong results wrapped up a solid year of growth, which saw revenue grow 28 per cent compared to the previous 12 months.
In this podcast Mark Pownall and Mark Beyer discuss mining cost challenges at IGO, BHP and Northern Star, MinRes China pullout, cultural heritage, Comm Games, gold miners, fund managers, indigenous business, Cottesloe development and George Kailis.
K2fly has inked a five-year deal, projected to have a total contract value of $2 million, with the world-class Roy Hill iron ore operation in Western Australia's Pilbara region. The agreement marks the second of two contracts signed with major Pilbara operators for its “ground disturbance” solution in less than a month, having secured a three-year contract extension with BHP in June.
Toro Energy says high-confidence laboratory results confirming massive nickel sulphides at its Dimma discovery in Western Australia's Goldfields region are double the thickness previously modelled on x-ray fluorescence scoping data. Previously thought to be 2.4m thick, Toro says it now has 4.31m of massive and semi-massive nickel-sulphide grading 1.37 per cent nickel, 0.13 per cent copper and 0.539g/t tonne platinum and palladium from 332m.
Mining giant BHP has awarded an $8 million contract to car hire company Cedrent Enterprises, partly owned by the Yindjibarndi Aboriginal Corporation in the Pilbara.
Mincor Resources is seeking a waiver from major customer BHP after failing to meet terms under a purchasing agreement, with discussions likely to continue through to next week.
SRG Global has won $65 million worth of work after its Bugarrba Aboriginal joint venture secured a contract from BHP and it won two contracts in Queensland.
BHP boss Mike Henry says the federal government made the right choice to not provide a ‘sugar hit' subsidy towards critical minerals but has been less complimentary regarding industrial relations changes.
ESG software provider K2fly will continue to supply mining behemoth BHP with its “ground disturbance” solution for another three years after the “Big Australian” agreed to a contract extension. Management says the new deal will generate annual recurring revenue of $664,000 and has a total contract value of $1.99 million. The deal will cover the global miner's iron ore operations in Western Australia's Pilbara region.
Mining giant BHP has revealed nearly 30,000 current and former staff have lost leave and pay entitlements over the past 13 years in one of Australia's largest case of employee underpayment.
Geochemical sampling has confirmed massive nickel-sulphides at ASX-listed Toro Energy's Jumping Jack discovery, which is part of its wholly-owned Dusty nickel project in Western Australia's northern Goldfields. Toro's 10,000m drilling program has continued this year at Dusty, which now boasts four massive nickel-sulphides discoveries and sits just 50km east of BHP's world-class Mt Keith open-pit nickel operation.
Mining giant Rio Tinto has topped long-time market leader Fortescue Metals Group as the biggest supporter of Indigenous businesses in WA, data compiled by Business News shows.
Tony Burke says it's unbelievable mining giant BHP has already put a dollar figure on what same job, same pay laws would cost before the legislation is written.
Employment law changes proposed under the federal government's Same Job, Same Pay initiative would cost BHP's Australian operations as much as $1.3 billion per year, the company has revealed.
