Simone Grogan

Rio Tinto subsidiary Turquoise Hill Resources has rejected a $US2.7 billion takeover proposal launched by the iron ore miner back in March.

Mount Gibson Iron is assessing the damage caused by a fire at its Koolan Island operation last week and forewarned investors of a $150 million write-down on the asset due to waning commodity prices.

BHP shareholders will receive a big payout after underlying profits soared during the financial year, though the mining major has braced for more inflationary pressures and expansion costs.

Prominent resources investor Tim Goyder has sold more than $30 million worth of shares in Chalice Mining, a now famed ASX junior he founded in 2006.

Shares in Kerry Stokes-backed Beach Energy plummeted more than 13 per cent during trading with the market seemingly underwhelmed by the oil and gas business’ production outlook.

Matrix Composities and Engineering has secured a purchase order valued at $16 million to build a buoyancy system for a major deepwater project in South America.

ASX-listed mining tech Imdex has reported a solid earnings lift to deliver a $44 million profit for the year while revealing a $13 million contract win for work on Fortescue’s new magnetite project.

Bill Beament has defended his industry’s environmental reputation at a speaking engagement this afternoon, saying that underground mining will be crucial for pursuing future-facing minerals.

Mark Bennett’s exploration venture S2 Resources will relocate from its Osborne Park address in Perth to Melbourne, signalling a shift in focus to its flagship asset in Victoria.

Calidus Resources has raised $20 million from institutional investors to bankroll further lithium and gold exploration pursuits.

ASIC chair Joe Longo has expressed his concern regarding the number of retail investors putting their money into ‘unregulated, volatile’ crypto-assets after new research revealed its popularity with less experienced investors.

West Perth-based junior Evolution Energy Minerals has raised $13 million to fund engineering design work and an updated definitive feasibility study for its graphite project in Tanzania.

St Barbara shares have fallen more than 11 per cent in response to the gold producer’s latest guidance update which foreshadowed improved output but higher costs.

Shares in new potash producer Kalium Lakes are in a trading halt ahead of new proposed funding measures for its flagship, which ran into ramp-up issues and delays earlier this year.

The rare earths newcomer is on track to join the local bourse this month after seeking $6 million from investors to firm up the Cowalinya project south-east of Norseman.

Sheffield Resources has inched closer to reaching a final investment decision for its proposed mineral sands project in the Kimberley after lining up a $US110 million loan facility.

Monadelphous will build infrastructure for Rio Tinto’s new Oyu Tolgoi copper project in Mongolia as part of a raft of new work valued at some $100 million by the engineering group.

Administrators for Wiluna Mining will investigate details of a last-ditch capital raising that collected less than the company reported to the ASX in the weeks before its collapse.

Deep Yellow chief executive John Borshoff says it will be full steam ahead at the newly-merged WA business on the back of the latest spell of uranium interest.

Budding rare earths producer Arafura Resources has successfully tapped new and existing investors for $41.5 million for the Nolans project after shares were offered at a generous discount.

Lynas Rare Earths, Liontown Resources, Capricorn Metals and Tim Goyder have taken home awards from this year’s Diggers & Dealers Mining Forum.

Chalice Mining’s Julimar discovery is tipped to herald a new metals province in WA, but its location within a state forest could put the social licence of ‘green metals’ to the test.

In a Diggers & Dealers first, exhibitors have been told to pack up early on the final day of the conference after a severe weather warning was issued for the Goldfields this morning.

BHP Nickel West President Jessica Farrell has diplomatically echoed comments made by outgoing Fortescue boss Elizabeth Gaines calling for fellow mining companies to step up diversity efforts.

Elizabeth Gaines says Fortescue has had boots on the ground at a prospective iron ore deposit in Gabon, firming up the company’s exploration plans and a potential iron ore foothold in Africa.

Bill Beament has told stakeholders he has no aspirations to turn his undergound mining services business Develop Global into a ‘mining behemoth’, at day two of Diggers & Dealers.

Genesis boss Raleigh Finlayson could not be drawn to furnish details on a deal with St Barbara, but conceded the Leonora region was more open to consolidation than it once was.

Labour shortages are tipped to prove a key theme at Diggers & Dealers this year, amid heightened expectations on environmental, social and governance matters in the resources industry.

Economist Dambisa Moyo has delivered a sobering keynote address to the Diggers & Dealers mining forum in Kalgoorlie, foreshadowing a period of low and slow global economic growth.

Perth engineer DRA Global could cop a write-down of up to $20 million on the sale of an underperforming subsidiary, prompting a decision to withdraw its earnings guidance.

Aspiring producer Bellevue Gold has struck first ore at its namesake project in the Eastern Goldfields on the back of a strong performance from Develop Global.

Mid-tiers Ramelius Resources and Gold Road Resources enjoyed elevated share prices after delivering strong output for the June quarter.