News Articles for Mineral Resources

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.

Neometals will be relying on third-party interest for the sale of its stake in the Mt Marion lithium mine, after joint venture partners Mineral Resources and Jiangxi Ganfeng Lithium declined pre-emptive rights to buy the stake.

Neometals hopes to reap about $US96 million ($A125 million) from the sale of its interest in the Mt Marion lithium mine near Kalgoorlie, with the operation's joint venture partners given a pre-emptive right to buy the stake.

Graphite-focused tech company Hazer Group has announced plans to form a joint venture with diversified business Mineral Resources, after MinRes boosted its stake in Hazer by subscribing for $5 million worth of shares.

A major shareholder in failed manganese company Mesa Minerals has lost its bid to have administrators replaced after the Supreme Court ruled there was no evidence of bias between Pitcher Partners and Mesa's largest stakeholder, Mineral Resources.

Trans-shipment has been floated as a solution to capacity constraints at bulk export ports in the state's north.

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.

Mineral Resources has flagged a full-year earnings upgrade of 25 per cent for the 2017 financial year, after achieving a 191 per cent lift in net profit.

The joint venture partners behind the Mt Marion lithium mine near Kalgoorlie have heralded an inaugural shipment of ore to China, with Mineral Resources becoming the state's third lithium producer.

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.

Mineral Resources managing director Chris Ellison has sold down a small portion of his stake in the diversified Perth business, netting $21.6 million from the transaction.

Shares in BC Iron closed 20 per cent higher today after the Perth-based iron ore junior announced record quarterly earnings from its Iron Valley mine.

An improved performance by some of the state's miners boosted the Business News index of listed Western Australian companies, the BN30, to finish almost 19 per cent higher over the year (2016).

Environmental approvals to allow mining below the watertable have been granted for BC Iron's Iron Valley mine site, in a move that will give the company potential to extend the life of the project.

Today's appointment by Independence Group of its first female board member has taken it off the list of ASX200 companies lacking female representation on their boards, although four other Western Australian businesses remain among those still to adopt gender diversity at board level.

The chairmen of Perth companies South32 and Alexium International Group have singled out global firm Institutional Shareholder Services for criticism amid ongoing debate over the role of proxy advisers.

Privately held tantalum miner Global Advanced Metals has reported a $6.3 million net profit for the year to June 2016, up from a $72.2 million loss in the previous 12 months, while its two Western Australian mine sites remained under care and maintenance.

SPECIAL REPORT: Some of WA's top company directors have achieved extraordinary gains in their wealth over the past year, and while most held onto their shares, a group of 11 reaped more than $180 million from share sales.

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.

Macmahon Holdings has unveiled the remuneration package for new chief executive Michael Finnegan, adding to a trend in the contracting sector for lower base salaries but greater potential for bonuses.

SPECIAL REPORT: Gold Road Resources could be the next gold junior to make it into the mid tier after its recent moves on the Gruyere project.

The youngest son of the late John Roberts, who founded construction company Multiplex, has joined the board of Mineral Resources, filling the seat left vacant when long-serving director Joe Ricciardo retired in April.

Mineral Resources and Pilbara Minerals have resolved their offtake dispute for the Pilgangoora lithium project, with MinRes to surrender its entitlements in return for a $50 million stake in Pilbara.

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.

The Environmental Protection Authority has recommended approval of BC Iron's extension plans at its Iron Valley mine near Newman.