Mining

Perth-based Marvel Gold has received commitments to raise $5.7 million from a share placement, with the proceeds to go towards its gold projects in Mali.

Takeover target Cardinal Resources has requested that its bidders be allowed to improve their proposals after having declared their $1 per share bids as ‘best and final’.

MACA has locked in $129 million in work at Red 5’s King of the Hills project, ahead of a planned operational start in mid-2022.

Shares in Western Areas fell sharply today after the nickel miner said it expected lower production volumes and higher costs this financial year.

A parliamentary committee examining Rio Tinto's destruction of the ancient Juukan Gorge rock shelters will visit the sacred Western Australian sites next week.

A private Hong Kong-based entity is purchasing a high-grade iron ore mine on Cockatoo Island from its former owner, Pluton Resources.

Mining magnate Gina Rinehart has become Australia’s richest person after her net worth jumped 109 per cent to nearly $29 billion.

Russian miner Nordgold has extended its offer to buy Perth-based Cardinal Resources, one day after matching the off-market proposal from China’s Shandong Gold.

Fortescue Metals Group has posted a 5 per cent rise in first-quarter iron ore shipments, with demand in China for the steelmaking ingredient remaining robust.

Prominent Aboriginal mining executive Daniel Tucker has resigned from the company he founded after it scrapped a deal with Fortescue Metals Group in favour of working with Mineral Resources.

Pilbara Minerals has lodged a $US175 million bid for fellow lithium miner Altura Mining, though Altura is working on its own recapitalisation plan after being put in receivership.

Prospective copper-cobalt miner Coda Minerals has successfully listed on the ASX after completing an $8.5 million IPO.

ASX-listed K2fly has boosted its position in the iron ore sector after announcing the acquisition of WA mining software company SATEVA.

Megado Gold began trading on the ASX this morning after a successful $6 million IPO.

Perth-based lithium producer Altura Mining has been placed in receivership after the ASX-listed company was unable to refinance its debt, placing 100 jobs at risk.

Goldminer Troy Resources has secured exploration funding for its South American project, with the Perth-based company targeting a maiden ore reserve this year.

Russia’s Nordgold is not backing down in a takeover battle for Cardinal Resources, despite the Perth-based gold play in favour of a matching offer from Shandong Gold.

Perth-based Encounter Resources, Predictive Discovery and Trek Metals have each launched capital raisings, with the proceeds to go towards gold projects in Australia and Guinea.

Iluka Resources spin-out Deterra Royalties has completed its first day of trading on the ASX with market capitalisation in excess of $2.4 billion.

Decmil Group has secured an $8.7 million contract with Rio Tinto for work at the iron ore miner’s Mesa A site in the Pilbara.

Russian mining giant Nordgold alleges its takeover target Cardinal Resources has acted deceptively towards shareholders, with the matter escalated to the Takeovers Panel.

Mineral Resources has surprised the market by purchasing an iron ore project from Australian Aboriginal Mining Corporation, and also bought into a legal fight with Fortescue Metals Group.

Aspiring goldminer Miramar Resources has made a strong ASX debut with its share price doubling ahead of plans to begin exploration in WA.

Resolute Mining has reported slow gold production during the September quarter, less than a week after John Welborn's departure.

Fortescue Metals Group has contracted Veris subsidiary Aqura Technologies to supply telecommunications at the Iron Bridge project in the Pilbara.

Gascoyne Resources has relisted on the ASX, following a $125 million recapitalisation that helped the embattled goldminer repay its creditors and continue mining operations.

Expansion plans are in the works for some of WA’s biggest exporters, but commodity prices and projects face uncertainty.

Russian miner Nordgold has continued its fight for Perth-based Cardinal Resources, having matched an offer to buy the gold explorer for $1 per share.

Perth-based Macmahon Holdings has been named the preferred contractor to provide equipment hire and maintenance services at a coalmine in Queensland.

Perth-based GBM Resources is paying $3 million to buy a gold project in Queensland, close to its flagship Mount Coolon asset.

This month’s Diggers & Dealers was notable as much for what didn’t appear on the official program as what did.

BHP has posted a 7.2 per cent rise in first-quarter iron ore production, supported by stable demand from China, the world's top consumer of the steelmaking ingredient.