Simone Grogan

Strike Energy shares slipped 10 per cent after the company announced a $30 million capital raising from institutional and sophisticated investors to progress projects.

Seasoned mining executive Neil Biddle will return to ASX-listed minerals processor TNG as non-executive chair, nine years after leaving the company to join Pilbara Minerals.

A Woodside-led cohort of oil and gas majors has been granted a permit to evaluate the potential of turning a depleted gas field off the coast of Dampier into a carbon capture and storage project .

Queensland-based Thiess has won a $700 million contract to provide mining and maintenance services on Fortescue’s new Iron Bridge magnetite project in the Pilbara.

Woolworths Group says it is considering ‘all options’ to unlock value for luxury retailer David Jones after a tough spell during the pandemic, with Andrew Forrest a reported suitor.

Keen to leave a rocky FY22 behind, St Barbara is leveraging its Leonora gold assets as central to any consolidation play in the region, as negotiations with Genesis Minerals continue.

Jules Pemberton-led NRW Holdings has withdrawn its takeover proposal for fellow WA contractor MACA a day after bidding opponent Thiess increased its front-running offer.

Woodside Energy boss Meg O’Neill says upheavals in global energy markets during the past six months have shone a spotlight on the role of gas, as the business lifts profits to $US1.8 billion.

Northern Star Resources will buy up to $300 million in shares back from investors over the next 12 months.

Andrew Forrest has lauded outgoing iron ore boss Elizabeth Gaines as one of Australia’s most inspiring leaders as the miner prepares to navigate new challenges and pick up the pace on renewables.

Thiess has tacked an extra $17.4 million on to its current offer to acquire all shares in MACA, with the target’s founding directors now backing an improved proposal of $1.075 per share.

Andrew Forrest’s Wyloo Metals will make its first move into rare earths by backing ASX-listed aspiring producer Hastings Technology Metals for $150 million via a convertible notes arrangement.

The Amanda Lacaze-led miner is celebrating a record profit on the back of higher rare earths prices ahead of a year of big investment into expanding production capacity.

Shares in Strike Resources fell 22 per cent following a decision to put iron ore deliveries on hold due to lower commodity prices, despite celebrating its maiden shipment this week.

Mining Minister Bill Johnston has vowed to safeguard the state’s tenements register amid backlash from industry and legal professionals over a court ruling that threatens to nullify a host of permits.

An independent expert has deemed Thiess’s $350 million friendly takeover for WA contractor MACA ‘fair and reasonable’, while intentions from rival bidder NRW are still unclear.

BCI Minerals will defer awarding any new contracts to construct its $1.2 billion salt and potash project in light of ongoing inflationary pressures.

Seven Group Holdings has amassed a $577 million underlying net profit for the financial year following strong performances from WesTrac and Coates.

Iluka Resources has recorded a 185 per cent leap in net profits amid falling global supply options for mineral sands, but says future sales could be bound by production capacity.

Westgold Resources has braced investors for a hefty write-down across several assets ahead of its full-year results this week, mirroring a similar update by fellow mid-tier Ramelius Resources.

Growing demand for lithium raw materials has boosted Pilbara Minerals’ sales revenues by more than $1 billion in 12 months, delivering the company’s first full-year profit.

Monadelphous has lifted profits by 11 per cent following a busy pipeline of work throughout the year, but says an acute skilled labour shortage is constraining operations.

A subsidiary of Belmont-based contractor NRW has won a two-year contract extension for work at the Broadlea coal mine in Queensland.

Perenti Global will pocket $5.4 million after selling a stake in its technology business idoba to Japan’s Sumitomo Corporation.

MACA has reported a $42.8 million net profit due to a strong pipeline of work across WA’s resources sector, but is providing few details on the status of a much-discussed takeover.

Gold Road Resources has bumped up its stake in De Grey Mining to nearly 20 per cent via Credit Suisse but says a takeover attempt is not on the cards yet.

MACA has told investors that a merger proposal made public by contracting rival NRW yesterday is not superior to an all-cash takeover on the table from Queensland-based Thiess.

NRW Holdings says its $375 million bid for WA’s largest mining services business MACA was rejected despite putting in a higher offer than rival bidder Thiess.

Kalium Lakes has copped a 50 per cent haircut on its share price to raise $22 million in much-needed capital for its Beyondie sulphate of potash project.

Carnarvon Energy shares fell sharply after the explorer and joint venture partner Santos put a final investment decision for a significant WA oil development on ice.

Tim Goyder-backed explorer DevEx Resources has raised $17.2 million to bankroll an expanded drilling programme at its Nabarlek uranium project in the Northern Territory.

BHP’s petroleum boss Geraldine Slattery will lead the company’s Australian operations, replacing Edgar Basto who will become the company’s first chief operating officer.