Mining

A US analyst says economic conditions today match those of times past when hard assets and resources were the pick of the investment classes.

The Perth Mint has reported a record profit of almost $48 million on the back of high gold prices.

Mark McGowan’s stance on hard border closures is politically popular at home, but let’s not lose sight of the bigger picture.

Encounter Resources has formed a joint venture with mining giant BHP, which will spend up to $22 million to explore the Elliott copper project in the Northern Territory.

Almost half of revenue reported by WA’s top 20 public resources companies can be attributed to iron ore miners amid an industry boom.

Resources logistics company Bis has formed a partnership with Israel’s largest aerospace and defence company, IAI, to deliver mine site automation services.

Traditional owners in Western Australia's Pilbara region say they were rushed into signing a complex deal allowing Rio Tinto to mine on their land.

The engineering arm of WestStar Industrial has secured works at Rio Tinto’s Koodaideri iron ore site under a $6 million subcontract with Laing O’Rourke.

Calidus Resources has signed an agreement to buy a high-grade gold project for $19.5 million, which will use infrastructure from the company’s proposed Warrawoona mine.

Anglo Australian Resources is seeking to raise $14 million for its gold project near Kalgoorlie, while fellow explorers Ardea Resources and Surefire Resources have also announced capital raisings.

A competition by Perth innovation company Unearthed has yielded a new swath of mining prospects in South Australia’s Gawler Craton region.

A strong gold price, and demand for nickel, potash and even potentially iron ore indicate good times are around the corner.

Ora Banda Mining has signed a long-term agreement with Wesfarmers’ liquefied natural gas business to supply power to the Davyhurst goldmine in Western Australia.

Capital markets have supported resources juniors through COVID-19 much more strongly than anticipated, industry watchers have said.

Andrew Forrest-backed Mincor Resources has approved the development of its nickel operations in Western Australia’s Kambalda region, identifying first production from December next year.

Mineral exploration in Western Australia has reached a five-year high since the approvals process for applications was halved two months ago, with the surge dominated by gold projects.

Mining giant BHP has conceded the entire industry needs to put significant work into rebuilding trust with Aboriginal land owners.

Decmil has announced it will undertake $41 million of miscellaneous infrastructure works at Fortescue Metal Group’s Iron Bridge magnetite project.

Perenti subsidiary Barminco has secured $540 million in contracts this month, with its most recent award being an extension of works with Melbourne-based MMG.

BHP has substantially expanded its Western Australian workforce to 14,118 people, making it the State’s second largest private sector employer, according to Business News Data & Insights.

Red 5 has completed a final feasibility study for its King of the Hills (KOTH) goldmine, identifying a production restart from 2022.

Wright Prospecting has continued to generate huge profits and dividends for its low-profile Perth owners while also revealing a board restructure after the retirement of chairman Ian Cochrane.

Aspiring gold producer De Grey Mining has received commitments to raise $100 million, which it will use to fund ongoing exploration at its Mallina project in the Pilbara.

Kerry Stokes-backed BCI Minerals has announced an underwritten entitlement offer to fund early construction works on its $780 million Mardie salt and potash project.

Engineering and construction company Monadelphous has secured further work with BHP, including at its Jimblebar mine site in the Pilbara.

GWR Group has joined a growing list of companies aiming to start small iron ore mines in WA, after signing a term sheet with contractor Pilbara Resource Group.

IGO will complete a strategic review of its investment in the Tropicana joint venture after disclosing it has received a number of proposals for its stake in the goldmine.

Rio Tinto has bowed to shareholder pressure over the destruction of Juukan Gorge, announcing this morning that chief executive J-S Jacques and two other senior executives would lose their jobs.

The mining royalties company being spun-out of Iluka Resources plans to cast a wide net for acquisition opportunities beyond its core iron ore asset.

Perth-based Superior Lake Resources is selling one of its zinc assets to a Toronto-listed explorer for $16.5 million, and will become a major shareholder of the company.

Mining services provider Perenti has secured its second major contract for the month after receiving an extension of works for a goldminer operating in Burkina Faso.

The state government has insisted 14-day quarantine rules will be maintained, rebuffing a push by the mining industry for more flexible rules for interstate fly-in, fly-out workers.