A string of major contract wins with mining heavyweights Rio Tinto, Mineral Resources, Anglo America and ArcelorMittal Mining UK has seen mining software provider K2fly achieve record highs for the December quarter in its core financial metrics. Sales of $2.8 million for the quarter were up 33 per cent from the same period last year and the company also hit historic highs in the all important “annual recurring revenue” metric.
Multi-commodity explorer CZR Resources has closed the book on a memorable 2022 after tabling several highlights in its December activities report including a monster 83 per cent increase in the tonnage of its Robe Mesa iron-ore deposit in the Pilbara region of WA. The asset now tips the scale at 45.2 million tonnes and retains its 56 per cent iron grade despite the massive inventory boost.
Rio Tinto's iron ore production costs were higher than expected while production volumes remained within guidelines, according to the mining giant's fourth quarter results.
Everest Metals Corporation has paved the way for a new year battery metals hunt in WA's Mid West region after announcing its intent to exercise an exclusive farm-in deal to earn a 51 per cent stake in the Mt Edon lithium, caesium and tantalum project. The deal follows a recent due diligence program that yielded encouraging RC drill results of up to 1220 parts per million lithium.
The federal government has committed to assist the flood-affected communities in the Kimberley region, having pledged recovery measures including money, counselling and aircrafts.
Adriatic Metals has drawn down the first $30m tranche from a $142.5m debt package to keep the wheels spinning on its Vares silver mine development in central Bosnia and Herzegovina. The project has passed the halfway mark of construction, is fully-funded and is on track to begin processing by September 2023. The company is also committing to legacy projects in a once-thriving nearby community.
Whether it is gold, wool, timber, apples, salt, education, beef or even sea cucumbers, Australia has long punched above its weight in the trade stakes, even centuries before it was named Australia.
ASX-listed Pilbara iron ore explorer CZR Resources has boosted the mineral resource at its Robe Mesa project in the shadow of a prolific Rio Tinto mine precinct by 20 per cent to 45.2 million tonne
Mining software supplier K2fly has secured a three-year deal worth more than $1 million with British-based multinational Anglo American for its Resource Disclosure solution. The deal is the Subiaco-based company's first with the global miner but just the latest in a raft of tier 1 mining companies K2fly has captured in recent weeks.
A comprehensive national survey has found one third of Australians have experienced sexual harassment in the workplace, with the IT, media and arts sectors the worst offenders.
Woodside has struck a land use agreement for a proposed power project in the Pilbara, while Rio Tinto is set to fork out $600 million for its first stand-alone solar farm.
Senior journalist Matt Mckenzie talks about his work covering FIRM Construction's slide into administration, detailing what it means for subcontractors and the state government.
Rio Tinto will bankroll a new legacy fund for the PKKP Aboriginal Corporation two and a half years after destroying Juukan Gorge rock shelters, but a dollar value for the initiative has not been revealed.
The federal government has won praise for its response to an inquiry into the Juukan Gorge destruction but been panned by the group at the centre of the issue.
Subiaco-based mining software provider K2fly has signed Mineral Resources to a three-year contract worth $1.75 million. The deal will cover Mineral Resources' iron ore and lithium operations and it comes hard on the heels of K2fly expanding its work with another tier 1 miner, Rio Tinto. The company's software products aim to support clients' ESG issues.
Senior editor Mark Pownall talks about Shane Crockett's latest business venture and the former state tourism marketing chief has faced tackling overseas markets.
Behemoths of Western Australia's resources sector will tip $750 million into a new community investment initiative to bankroll a cohort of legacy projects in the state.
Software business K2fly has been contracted by Rio Tinto for another of its mining packages, the resources giant signing on for its Reconciliation Module in a three-year deal worth $360,000. It's the first sale of the product to any tier 1 miner and the sixth software solution the Subiaco-based company has sold to the global diversified company.
55 RC holes plunged across the northern bank of CZR Resources' Robe Mesa iron ore project in WA's Pilbara region have delivered the highest grades of direct shipping ore mineralisation at the operation to-date with an average of 56 per cent iron. The company says the northern extension sits outside of the operation's current 37.5 million tonne resource and underlines the venture's development upside.
Three of the biggest mining companies in WA have launched a program in their bid to combat sexual harassment, bullying and racism in the resources industry.
Rio Tinto has signed an updated agreement with the Yindjibarndi Aboriginal Corporation that will result in a substantial increase in compensation payments and commercial opportunities.
New data reveals just how much WA businesses contributed to the federal treasury during the pandemic, with 10 corporates paying $27.5 billion in the year to June 2021.
Australian mining expertise and minerals are in demand in a world hungry for energy as executives gather for their biggest conference since the pandemic.
Mining software provider K2fly has tabled some healthy numbers from the September quarter with the company achieving record highs in its core metrics thanks to continued major tier 1 contract wins. The company operates in the global resources space under a ‘Software as a Service' business model – meaning its product is delivered on a subscription basis.
Business News has updated its listing of WA's biggest resources projects to incorporate a spate of new developments and analysed which projects are next.
BHP has joined Rio Tinto in committing to assemble some of its iron ore rail cars in Perth, in a move the state government hopes will lead to more substantial manufacturing in future.
Senior editor Mark Pownall talks about the impact long COVID is having on the workforce and the research being done in Perth to understand the condition.
Rio Tinto and Wright Prospecting have paved the way for development of a major new, high-grade iron ore mine that will be pivotal to the future of both companies.
