News Articles for IGO

Nickel miner Western Areas has incurred a full-year loss on the back of “mine production issues” at its Forrestania operations near Kalgoorlie.

Australia's first lithium hydroxide refinery at Kwinana has commenced production five years after the start of construction, but with full capacity still 18 months away.

IGO has confirmed it is in discussions with fellow nickel miner Western Areas over a potential takeover worth more than $800 million.

The mining industry is turning green, but ‘old' sectors like gold and iron ore are still attracting keen support.

Low-profile mining contractor Steve Coughlan is this year's winner of the GJ Stokes Memorial Award, recognising his success in building Byrnecut into a global industry leader.

A multi-billion-dollar merger has brought a change at the top of Business News' list of goldminers.

IGO has bolstered its nickel portfolio in Western Australia after signing an agreement with mining prospector and major shareholder Mark Creasy.

Legend Mining continues to grow the mineralised intrusion at its Mawson nickel-copper-cobalt find in the Fraser Range of Western Australia with further sulphide intercepts including an 11m hit going 1.02 per cent nickel and 0.61 per cent copper, several hundred metres away from the discovery zone. A new intrusion some 2km south of Mawson has also been identified as downhole electromagnetic modelling defines further targets.

St George Mining is off to a flying start in its copper-gold search in the “world-class” Paterson region of Western Australia with multiple holes from its maiden drilling campaign at its Paterson prospect hitting prospective basement rocks. Initial XRF analysis has returned elevated levels of pathfinder elements suggesting potential for base metal and gold mineralisation across 35km of target stratigraphy at the company's tenure.

Our board moves wrap includes Simon Dominy, Henry Shiner, Brad Edwards, Leslie Crockett, Michele Anderson, Hansjoerg Plaggemars, Michael Nossal, Peter Bilbe, Kathryn Foster, Greg Cochran, Michael Ruane, Susan Field, and Grant Mooney.

Australian and foreign capital combined with government support have helped to build the lithium sector.

AngloGold Ashanti has made way for the $903 million sale of joint venture partner IGO's stake in the Tropicana goldmine, east of Kalgoorlie.

Antipa Minerals has secured $22 million from a share placement, which will be used to fund ongoing exploration across the company's gold and copper tenements in WA.

IGO has agreed to sell its 30 per cent stake in the Tropicana goldmine to Regis Resources, which is paying $903 million in cash for the WA asset.

The sale of IGO's 30 per cent stake in the Tropicana gold mine appears close to being completed, with Regis Resources tipped as the successful bidder after Gold Road Resources said its offer had not been accepted.

High-quality copper prospects are becoming harder to find, but juniors are poised for the challenge.

Members of the business community took part in a walking marathon on Saturday night and raised a record $1.5 million for Ronald McDonald House Charities WA.

Five large mining companies have separately launched initiatives this week to accelerate a move toward electrification of their mine sites.

Several Perth companies executed value-creating mergers and acquisitions last year, none more so than Pilbara Minerals.

Today's board moves wrap includes Nicholas Ong, Sam Budiselik, John Ribbons, Melissa Chapman, Catherine Grant-Edwards, Michael Nossal, DongMei Ye, George Karageorge, Stuart Till, Terry Strapp, Chris Berkefeld, Eugene Nel, John Ciganek, and Bill Oliver.

Nickel miner IGO has completed an equity raising associated with its 49 per cent acquisition of Tianqi Lithium, giving it a stake in the Greenbushes lithium mine and Kwinana refinery.

Nickel miner IGO has announced a transformational deal to buy 49 per cent of Tianqi Lithium, giving it a minority stake in both the Greenbushes lithium mine and the Kwinana lithium refinery.

Perth-based contractor MACA is in talks to buy Downer's mining services division, while IGO is reportedly considering a $2 billion deal with China's Tianqi Lithium Corporation.

Today's board moves wrap includes Belinda Cleminson, Tino Kapfumo, Michael van Uffelen, Barry Patterson, Joel Ives, Brett Tucker, Michael Rosenstreich, Justyn Stedwell, XiaoPing Yang, Narinder Singh, Sung Oh Lee, Rose Haddon, Rishi Singh, Carol Marinkovich, Shannon Coates, Fiona van Maanen, Damian Black, Graeme Johnston, David Crook, Shannon Green, Sufian Ahmad, Matthew O'Kane, and Jamie Myers.

Chemical producer Coogee and corporate advisory firm Lisle Group have joined more than a dozen mining and engineering firms on a state government taskforce targeting future battery industries.

Following up electromagnetic conductor results that lit up like a Christmas tree, ASX-listed Legend Mining has hit paydirt again after it rolled out an assortment of high-grade nickel intercepts at its Mawson project in the Fraser Range of WA. The geological feast included a strike of 14.45m at 2.63 per cent nickel and 2.09 per cent copper from 162.05m with ongoing drilling continuing to hit its mark.

Our board moves wrap includes Steve Brockhurst, David McEntaggart, Neil Warburton, Stephen Buckley, Stuart Usher, John Poulsen, and Craig Piercy.

Regis Resources head expects the current strength of the gold sector to last for a few years.

Shareholders of Victoria's Boadicea Resources have approved the $7 million sale of its Fraser Range tenements to nickel miner IGO.

A rush to consolidate mines could herald a flurry of mergers.

After a rocky start to the year, confidence in WA's gold sector is driving economic activity, with investment and exploration up.

Almost half of revenue reported by WA's top 20 public resources companies can be attributed to iron ore miners amid an industry boom.

IGO will complete a strategic review of its investment in the Tropicana joint venture after disclosing it has received a number of proposals for its stake in the goldmine.

Nickel miner IGO has expanded its exploration efforts in Western Australia's Fraser Range after signing a $7 million purchase agreement with Victoria-based Boadicea Resources.

IGO has reported a record profit for FY20 and is signaling first gold production at the Boston Shaker underground mine for the September quarter.

IGO has beaten its production guidance for the second year in a row at the Nova nickel-copper-cobalt mine in Western Australia.

Antipa Minerals has secured its third farm-in deal, with IGO to invest up to $30 million to explore the company's tenements in the Paterson copper-gold province.

Nickel miner IGO has reported solid production for the financial year, including its Nova mine in Western Australia having exceeded guidance for all metals produced.

IGO has backed a $60 million capital raising by nickel producer Mincor Resources, which is planning to restart its Western Australian operations later in the year.

EHR Resources has launched a $12 million capital raising to fund diamond exploration overseas, while Rumble Resources is raising $6 million to fund its next gold drilling program in Western Australia.