News Articles for Mineral Resources

Japanese group Mitsui & Co. has announced a surprise $600 million takeover bid for AWE, trumping two existing bids for the oil and gas producer, with the main attraction being AWE's Waitsia gas project north of Perth.

AWE has urged shareholders to take no action on a takeover offer from the state-run energy giant China Energy Reserve and Chemical Group, which remains unchanged from its initial bid of 73 cents per share, after it lodged its bidder's statement.

The strong performance of the Business News index of 30 local companies designed to track the state's economy implies good years ahead for WA.

Mining contractor Resource Development Group has been awarded a concrete and civil works contract worth more than $9 million at Mineral Resources' Wodgina lithium project in the Pilbara.

The state government has today approved Sinosteel Midwest Corporation's iron ore expansion project east of Geraldton, while simultaneously rejecting Mineral Resource's planned iron ore mines in the Helena-Aurora Range, after the environmental watchdog had recommended both should be blocked.

Sydney-based oil and gas company AWE has backed a revised $526 million takeover offer from Mineral Resources as the Perth-based mining outfit seeks to gain control of the Waitsia gas field in the Perth Basin.

Tech company Hazer Group has signed a binding agreement with Mineral Resources to develop a facility to produce synthetic graphite.

SPECIAL REPORT: Chris Ellison's astute commercial achievements placed him at the top of our short list of nine people contending to be person of the year.

One-time WA iron ore miner Moly Mines, which was delisted from the ASX early this year with nearly 4,000 shareholders and $63 million in the bank, has struck a deal to buy copper stock Queensland Mining Corporation.

Mineral Resources has disclosed that its planned lithium processing projects in the Pilbara will cost in excess of $600 million to build, with managing director Chris Ellison also revealing ambitions for more downstream processing projects.

Pilbara Minerals has announced multiple changes to its Pilgangoora lithium project, with the company planning to: spend an extra $50 million on development; export unprocessed ore to boost early cash flow; and outsource ore crushing to Mineral Resources.

Mineral Resources has launched a $484 million takeover bid for oil and gas group AWE amid the ongoing battle for control of the Waitsia gas field north of Perth.

The environmental watchdog has given the green light for BHP Billiton's planned 80 million tonnes per annum South Flank iron ore development, with first ore targeted in 2021.

Mineral Resources founder Chris Ellison has raised $36.9 million from the sale of some of his shares in the mining services group, adding to a string of big share sales by WA company directors who have cashed in on strong market rallies.

SPECIAL REPORT: The five WA people with the largest holdings in listed companies have earned around $1.5 billion in dividends in the past five years, with Andrew Forrest and Kerry Stokes leading the way. Click through for our list of 50 directors and investors with holdings worth more than $11 billion between them.

Environment Minister Stephen Dawson has endorsed the environmental watchdog's rejection of Mineral Resources' Jackson 5 and Bungalbin East iron ore project, however, the government is yet to make a final decision on the proposal.

Directors of Mineral Resources have survived a motion for a spill meeting after a second strike against their remuneration report today, as managing director Chris Ellison stood firm on mining the Jackson5/Bungalbin iron ore deposit.

China's great environmental clean-up is starting to produce knock-on effects in Western Australia, with none more interesting than the ‘quality clash' in the iron ore sector.

Altura Mining has taken the next step to double capacity at its Pilgangoora project, approving a definitive feasibility study for expansion to 440,000 tonnes per annum of lithium concentrate, while confirming shipments from stage one of the mine are due in the second quarter of 2018.

Mineral Resources has acquired Empire Oil & Gas's Perth Basin assets, including the Red Gully processing plant, just more than a month after the energy junior entered administration.

SPECIAL REPORT: Ten lithium projects under construction or in advanced planning to bring new lithium supply onto the market will dramatically boost exports of the commodity in coming years.

SPECIAL REPORT: Roy Hill Holdings and Chevon have joined the likes of Rio Tinto, BHP, Woodside and CBH Group in an updated ranking of WA's largest exporters in the BNiQ Search Engine.

Tech company Hazer Group has entered into a collaboration agreement with diversified business Mineral Resources, for development of a facility to produce synthetic graphite.

Local energy producer Empire Oil & Gas has entered voluntary administration today, two weeks after receivers took control of subsidiary Empire Oil, which operates the company's key Perth Basin assets.

Perth's top 20 ASX companies hit a big milestone this month, albeit only for one day – for the first time ever, they all had at least one female director. Click through to read about some of the talented women who made this happen.

Perth companies Mineral Resources and Galaxy Resources have waded into an extraordinary dispute over their respective corporate governance standards, triggered by the role played by Chinese businesswoman Xi Xi.

Updated: Empire Oil & Gas has appointed voluntary administrators to its wholly-owned Empire Oil subsidiary, which controls its core Red Gully assets.

Perth companies Mineral Resources and Zenith Energy have added to the diversity of their boards, appointing Chinese businesswoman Xi Xi and local executive Stephanie Unwin to their respective boards.

ANALYSIS: Positive news on employment and among some key commodities appears to mark a positive trend for the state's economy, and Business News' BN30 stock index backs that up.

Diversified business Mineral Resources has delivered a turnaround result for the 2017 financial year, along with a higher dividend payout.

The Supreme Court has ordered privately owned mining company Global Advanced Metals to open its books to a minority shareholder, despite the shareholder being a competitor, a litigation adversary in the US, and having a chief executive who was found to have carelessly handled confidential information supplied earlier this year.

OPINION: The boom in lithium demand is driving growth at one of the state's quiet achievers, Mineral Resources.

WA's world-leading lithium sector could ride a wave of demand led by the charge in battery storage technology.

Neometals will hold on to its minority stake in the Mt Marion lithium mine after failing to find a buyer, and plans to spin-out its technology and titanium assets into a new company.

The environmental watchdog has recommended rejection of two proposals to mine iron ore in Western Australia because they would cause irreversible damage to the land.

Pilbara Minerals has announced another capital raising, this time by way of a placement and share purchase plan, to fund development of its Pilgangoora lithium project.

The owner of the $6 billion Balla Balla iron ore project in the Pilbara has entered into an option agreement to acquire the nearby Weelumurra asset from Mineral Resources for an undisclosed sum.

Women account for just 8.7 per cent of board positions at the top 100 Western Australian companies listed on the ASX, a report by the Committee for Perth has found.

Shares in Pilbara Minerals were up 20 per cent on news the company has inked a major offtake and $US20 million investment agreement it says will pave the way for final funding of development of its Pilgangoora lithium project.

SPECIAL REPORT: The value of investment into WA gold projects is about four times as much as this time last year, while growth in spending on lithium has been even more substantial.