News Articles for Mineral Resources

Lithium hopeful Pilbara Minerals has scored an $18 million equity injection, offtake agreement and downstream processing deal with an unnamed Chinese company.

Western Australian companies have outperformed the broader stock market over the six months to June 30, judging by the performance of Business News' BN30 index.

Mineral Resources has bolstered its new relationship with Empire Oil & Gas, offering a $15.1 million facility to replace a previous deal with Viburnum Capital.

The state government has extended its discounted charges at the Utah Point bulk handling facility by another year, to help junior miners continue exporting iron ore, as debate around the sale of the port continues.

Mineral Resources was coy about its plans after today announcing it has agreed to buy mining tenements, including lithium deposits, and infrastructure at the Wodgina tantalum mine, which is owned by private group Global Advanced Metals.

Mineral Resources chairman Peter Wade has sold down a majority of his shareholding in the mining and contracting group, pocketing about $8.04 million.

Women are being appointed to ASX200 boards at a faster rate than ever, but a number of major Western Australian companies remain without any female representation on their boards.

Iron ore miner Mineral Resources has added another string to its bow, taking a 19.3 per cent stake in domestic gas supplier Empire Oil & Gas, a week after the company increased its slice of the Mt Marion lithium project.

Mineral Resources has upped its stake in the Mt Marion lithium project, one of the state's few mining operations under construction, to see out a week that had a series of deals for the metal.

Chinese manufacturer Ganfeng Lithium has more than doubled its offtake agreement with Mineral Resources and Neometals for the Mt Marion project, as interest in the commodity continues to build.

Fortescue Metals Group has broken BHP Billiton's monopoly on tug services at Port Hedland, after being named the successful bidder for a second towage licence at what is the world's biggest bulk export port.

With a strong focus on cutting costs in mining, many WA small businesses are developing ways to dig up resources smarter and cheaper.

SPECIAL REPORT: There's no doubt the boom has come to an end, but plenty of opportunities and projects remain in play.

The worst might be over for many of the state's mining services businesses, as they seek to bounce back from the effects of the slowdown in resources project development.

John McGloin and Alex Davidson, who were formerly directors of Amara Mining, have been appointed as non executive directors of Perseus Mining.

The founder of GR Engineering Services and long-serving director of Mineral Resources, Joe Ricciardo, has retired for undisclosed personal reasons.

A group of 30 Western Australian stocks selected by Business News has significantly outperformed the ASX200 in the March quarter, indicating stock investors are optimistic about the state's economic future.

Fortescue Metals Group plans to move to a full owner-operator model at its Christmas Creek mining operations after Downer EDI's contract expires at the end of September.

Smaller iron ore miners were the big winners today after the iron ore price surged overnight, whereas Fortescue Metals Group failed to sustain Monday's big gains despite announcing a joint venture and investment deal with Brazil's Vale.

James Mactier has been appointed to the board of Regis Resources as a non-executive director.

Shares in miner and contractor Mineral Resources were up 13 per cent today after it announced dividends of 8.5 cents per share, about 60 per cent larger than what it committed to in November.

Neometals shares have closed more than 9 per cent higher on news its Mt Marion joint venture partner Jiangxi Ganfeng has exercised its option to acquire an additional 18 per cent in the lithium project for $US27 million.

Western Australia's highest paid mining contractor is set to lose that title, after NRW Holdings joined most of its peers in cutting the salary of its chief executive by 40 per cent.

SPECIAL REPORT: Funding for WA's tech sector is much healthier than a recent government-backed report concluded, research by Business News has found.

BC Iron shares plummeted today after the company announced production at the Nullagine joint venture would be suspended as a result of the weak iron ore price, with more than 200 jobs at risk.

A lack of vision from Perth planners of decades past has hamstrung efforts to get the most out of Perth's rail system.

SPECIAL REPORT: The 2015 CEO salary survey has some surprising names near the top of the list while some of the state's best chief executives are unexpectedly low down.

With the iron ore price falling to nearly $US40 per tonne, analysts can't see an end to the pain any time soon.

Perth technology company Hazer Group wrapped up its first day of trading on the ASX, after completing a $5 million initial public offering.

Innovation isn't just a buzzword drummed up by the new regime in Canberra.

Perth-based Indigenous Construction Resource Group is poised to become a bigger player in the mining services sector after its chairman, Clinton Wolf, lured NRW Holdings founder and former managing director Jeff McGlinn out of retirement.

NRW Holdings chairman Ian Burston has announced plans to step down, while also announcing a remuneration review that will include chief executive Julian Pemberton, whose annual pay is substantially higher than his peers.

Whether or not the Wellard IPO is successful, it demonstrates there is more to WA than just resources.

The state government says the shipping capacity of Port Hedland could increase by 16 per cent to 577 million tonnes, opening up the possibility of further growth in iron ore exports through the existing harbour.

Building age has emerged as the biggest factor in office vacancies in Perth's suburbs, with newer developments struggling to attract tenants as the market gets tougher.

SPECIAL REPORT: The potential for mass production of electric cars is among a number of high-technology trends sparking interest in Western Australia's lithium sector, with a series of companies touting projects to meet a forecast surge in demand.

SPECIAL REPORT: For the second year running, the value of shares held by company directors in WA has fallen sharply, though some operators defied the trend.

SPECIAL REPORT: Earnings for the state from the powerhouse minerals and energy industries have softened, but agriculture, among other sectors, will create opportunities. Business News also takes an in depth look at Bunbury port, where a big expansion plan needs community backing and solid regional demand growth.

Decmil Group founder and director Denis Criddle has spent another $500,000 buying shares in the contracting company, adding to a string of big trades by company directors includng his son Scott Criddle, Chris Ellison, John Rothwell and Enzo Gullotti over the past month, according to BNiQ data.