Mining

Newcrest Mining has withdrawn from a farm-in deal with Perth-based Prodigy Gold over a project in Northern Territory’s Tanami region.

While many Australian exporters have tensely waited on news about trade sanctions from China, Fortescue Metals Group has inked deals with 12 partners.

Family-owned CFC Group, which has interests in Centurion and Birchmead Property Group, has grown its revenue to $651 million over the financial year.

Rio Tinto has changed the name of its new iron ore mine to Gudai-Darri after a request from Banjima elders, one small step in the miner’s efforts to rebuild trust with traditional owners.

Perth-based Lucapa Diamond Company has raised funds to expand the processing capacity at its Mothae kimberlite mine in southern Africa by 45 per cent.

Prime Minister Scott Morrison has hosed down speculation China is planning further trade sanctions on Australian products.

Perth-based mining services company Western Plant Hire has been bought by two of its senior managers, with backing from private investors led by Peter Hutchinson.

Argentina-focused Pathfinder Resources had a soft start to its first day of trading, with its shares closing down 7.5 per cent from its IPO price.

Australian Potash has secured further funding for its proposed Lake Wells development in Western Australia.

Murray Engineering has partnered with national company Siemens to provide electric vehicle charging stations for mining operations.

Gina Rinehart’s Hancock Prospecting has grown its net profit to about $4 billion, while the group’s largest revenue earner repaid its entire debt over the financial year.

Westar Resources has joined the rush of gold IPOs this year, seeking to raise $5 million to explore its projects in Western Australia.

The Argyle diamond mine in Western Australia completed its final production today, after operating for more than 30 years.

Shares in Sandfire Resources were down by as much as 9 per cent today, following reports of China considering a ban on copper imports from Australia.

The CEO of a Pilbara native title group says she was disappointed by the resignation of Rio Tinto's executives following the Juukan Gorge destruction.

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.