Mining

Mining and industrial services provider MACA has disclosed a $17.4 million loss for the 2020 financial year after recognising one-off impairments and foreign exchange costs.

Mining services company Emeco Holdings has sought $149 million from investors to pay down its debt, as well as extend its revolving credit facility.

Fortescue Metals Group has substantially increased its final dividend after posting a record annual profit, with company founder and chairman Andrew Forrest getting nearly $2 billion in dividends.

Rio Tinto will cut the bonuses of three senior executives but none will lose their job after a board review of the company's destruction of two heritage sites.

Lynas Corporation has moved closer to building its onshore rare earth processing facility, announcing it will lease 135 hectares of industrial-zoned land from the City of Kalgoorlie-Boulder.

Tesla’s remarkable 290 per cent share price rise over the past four months has been dismissed as speculative overkill, but even if that’s true it is hard to ignore the pace at which its electric-powered cars are selling - and the amount of battery metals they’re consuming.

The world’s largest track mounted rock crushing and screening machine has arrived in Western Australia at a contracting business in Maddington.

Many tradies spent their money on jet skis during the boom. Others like Richard York put their money aside to build up their business.

Shandong Gold has received federal government approval to proceed with its takeover of Perth-based Cardinal Resources, despite increasing sensitivity around Chinese foreign investment.

Fenix Resources is on track with development of its low-cost, high-grade iron ore project in Western Australia, after receiving commitments to raise $15 million.

Mineral Resources has reported a strong lift in earnings and dividends and outlined plans to double iron ore exports if it gains approval for a new port development.

Kalgoorlie Super Pit owners Saracen and Northern Star have reported a surge in profits for the full financial year, on the back of record production and a strong gold price.

Engineering group Monadelphous has reported a rise in revenue for fiscal 2020, despite saying its second-half performance was significantly affected by COVID-19.

The state government has allocated $3.8 million for studies into reopening the rail line to the Greenbushes lithium mine and building unloading facilities at Kwinana and Bunbury.

The owners of the Kalgoorlie Super Pit have confirmed the mine will continue producing gold for another 15 years, following a strategic review and resource expansion.

BHP's full-year profit has slipped four per cent and it expects its major revenue earner, iron ore, will have less demand from China and greater competition from Brazil.

Brandon Craig will take charge of BHP's Western Australian iron ore operations, after working at the company for more than 20 years.

Malaga company Taranis Power has scored a win over its larger rival UON as the two mining services companies continue a long and expensive legal battle.

Engineering company Monadelphous Group has secured construction and maintenance contracts including with BHP, totalling about $100 million.

Lynas Corporation is raising $425 million to build its proposed rare earths processing facility in Kalgoorlie, while also disclosing an annual loss of $19.3 million.

A famous family name in resources is returning to Perth with Resolute Mining announcing the appointment of James Champion de Crespigny to a new executive role.

Perth-based Swick Mining Services has been contracted by BHP to continue underground drilling services at the Olympic Dam copper mine in South Australia.

Newcrest Mining employees are gearing up for a 2,250 kilometre bike ride for mental health, after raising $110,00 for charity in the inaugural event last year.

Mineral sands company Iluka Resources has posted a 17 per cent drop in its half-year profit due to the effect of COVID-19 on zircon sales.

Newcrest Mining has reported solid financial results for the full year, including an $86 million rise in profit, despite a drop in gold production.

Gold explorer Horizon Minerals is using $16 million raised from a share placement to fund its largest ever drilling program across its Western Australian portfolio.

Gascoyne Resources has secured a $125 million funding package to facilitate the recapitalisation plan put forward by its administrators.

Australian Potash has secured the majority of revenue forecast for its Lake Wells potash project in Western Australia after signing its fourth fertiliser offtake deal.

Indus has been fined $60,000 and ordered to pay $6,000 in costs after one of its contractors died from a severe reaction to a bee sting.

Bellevue Gold has received extra funding to progress its namesake project in Western Australia after its recent share purchase plan closed oversubscribed, raising $35 million.

Perth-based Venture Minerals has made a final investment decision for the restart of its Riley iron ore mine in Tasmania, with operations to begin in a week.

Regis Resources has boosted its gold portfolio in Western Australia after securing tenements from fellow Perth-based explorer Stone Resources Australia.