Jessica Mascione

Sandfire Resources has posted a 30 per cent decline in profit, but says it is in a good position to take advantage of the recent copper price recovery.

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

Contractor Macmahon Holdings has upgraded its earnings guidance for the current financial year after reporting a rise in revenue to $1.38 billion.

Regis Resources has reported a record net profit for fiscal 2020 on the back of robust gold production at its Western Australian operations.

Western Areas’ net profit has more than doubled to $31.9 million for the full financial year, with the nickel miner also reporting strong sales revenue.

Mining contractor Perenti has reported record revenue of $2 billion and solid profit for the full year, with the news sending its shares up by as much as 15 per cent.

Contractor Decmil has posted a $140 million loss for the 2020 financial year, primarily due to the earlier termination of a major contract with the New Zealand prisons department.

Rare earths producer Northern Minerals will receive a $9.9 million refund from the ATO after settling a long-running tax dispute related to earlier research and development claims.

Mining and industrial services provider MACA has disclosed a $17.4 million loss for the 2020 financial year after recognising one-off impairments and foreign exchange costs.

The WA Football Commission has flagged the potential for a higher draft age for AFL players, along with giving control over the state’s colts competition back to WAFL clubs.

Shandong Gold has received federal government approval to proceed with its takeover of Perth-based Cardinal Resources, despite increasing sensitivity around Chinese foreign investment.

Fenix Resources is on track with development of its low-cost, high-grade iron ore project in Western Australia, after receiving commitments to raise $15 million.

Perth-based HealthEngine has been ordered to pay $2.9 million in penalties by the Federal Court. It comes after the tech company achieved rapid growth but incurred big financial losses.

Kalgoorlie Super Pit owners Saracen and Northern Star have reported a surge in profits for the full financial year, on the back of record production and a strong gold price.

Engineering group Monadelphous has reported a rise in revenue for fiscal 2020, despite saying its second-half performance was significantly affected by COVID-19.

The owners of the Kalgoorlie Super Pit have confirmed the mine will continue producing gold for another 15 years, following a strategic review and resource expansion.

The state government says it will cover some of the infrastructure costs related to Perdaman Group’s $4.6 billion urea plant on the Burrup Peninsula.

Lynas Corporation is raising $425 million to build its proposed rare earths processing facility in Kalgoorlie, while also disclosing an annual loss of $19.3 million.

The state government has brought forward Western Australia’s renewable hydrogen targets by a decade and made a $22 million investment to fuel the sector.

Mineral sands company Iluka Resources has posted a 17 per cent drop in its half-year profit due to the effect of COVID-19 on zircon sales.

UK-based engineering firm SRJ Technologies is planning to list on the ASX next month after launching an $8 million initial public offering.

Newcrest Mining has reported solid financial results for the full year, including an $86 million rise in profit, despite a drop in gold production.

Woodside Petroleum has reported a net loss of $US4.1 billion ($A5.7 billion) in the first half of 2020, despite achieving record output in the six months to December 30.

Police stations and a Kalamunda hospital are set to receive more than $100 million worth of upgrades under the latest instalment of the state government’s economic recovery plan.

Gascoyne Resources has secured a $125 million funding package to facilitate the recapitalisation plan put forward by its administrators.

Australian Potash has secured the majority of revenue forecast for its Lake Wells potash project in Western Australia after signing its fourth fertiliser offtake deal.

Perth-based Venture Minerals has made a final investment decision for the restart of its Riley iron ore mine in Tasmania, with operations to begin in a week.

Regis Resources has boosted its gold portfolio in Western Australia after securing tenements from fellow Perth-based explorer Stone Resources Australia.

Mineral sands company Sheffield Resources has agreed to sell a 50 per cent-stake in its flagship Thunderbird project to an entity based in Hong Kong.

CIMIC Group’s construction business has secured $128 million in new work including with Fortescue Metals Group for its Iron Bridge magnetite project.

CIMIC Group’s maintenance and shutdowns business has secured $200 million in contracts with the likes of Rio Tinto, BHP and Roy Hill Holdings.

Around $100 billion in Western Australian projects will benefit from a streamlined environmental approvals process under a bilateral agreement with the federal government.