Shares in Bryah Resources were trading as much as 50 per cent higher today after the Perth-based explorer reported recent drill results at its manganese project in Western Australia.
Nearly 50 drilling projects will be funded through the state government’s Exploration Incentive Scheme, with winners including big businesses such as AngloGold Ashanti Australia and Rio Tinto.
BHP and Fortescue Metals Group have welcomed new inspection rules for iron ore imports into China, but only after the news raised concerns that trade tensions between China and Australia could have claimed another victim.
Kalium Lakes has formally launched a heavily discounted share placement and rights issue to raise up to $61 million, with the funds to cover an overrun in capital costs at its Beyondie potash project in Western Australia.
Shares in NRW Holdings rose by more than 30 per cent today after the Perth-based contractor foreshadowed strong full-year earnings and brought forward its $10.7 million interim payout to next month
Renowned geologist and company director Terry Grammer has passed away after a short-term illness, with former colleagues and industry figures highlighting his role in some of Western Australia's biggest mineral discoveries.
Renowned geologist and company director Terry Grammer has passed away after a short-term illness, with former colleagues and industry figures highlighting his role in some of Western Australia's biggest mineral discoveries.
Gold explorer Orecorp has launched a $13.56 million share placement, with majority of the proceeds to fund development of the company’s recently acquired Nyanzaga gold project in Tanzania.
A $112 million hybrid microgrid to power Gold Fields’ Agnew gold mine has been completed, with 22 megawatts of renewable capacity, a battery, and gas/diesel backup plant in what the company claims is the largest such grid in Australia.
Copper explorer Hot Chili is targeting its first resource estimate for two projects in South America after announcing an oversubscribed $5 million placement and $3.9 million rights issue, with majority of the funds going towards a drilling restart at the Cortadera project in Chile.
Andrew and Nicola Forrest have rebranded their private company as Tattarang, with the change of name coming soon after several board and executive changes.
Private investment group Viburnum Funds has acquired a majority shareholding in Henderson-based Cranecorp Australia in a deal believed to be worth about $50 million.
Chalice Gold Mines chairman Tim Goyder has sold 20 per cent of his shareholding in the company to accommodate strong demand for shares in this week’s $30 million capital raising.
Gold explorer Middle Island Resources has received commitments to raise $4 million under a share placement, with the proceeds to fund continued drilling at the company’s Sandstone project in Western Australia.
Chalice Gold Mines has taken advantage of a strong rally in its share price to kick off a $30 million capital raising through brokers Bell Potter Securities and Euroz Securities.
Horizon Minerals has begun early stages of mining at its Boorara gold project, with first production expected in July, while explorer Bardoc Gold says a definitive feasibility study for its namesake project in Kalgoorlie is underway.
Shares in Valmec have risen by more than 13 per cent today after the Kewdale-based contractor announced new work with Water Corporation and Newmont Mining Services, totalling $23 million.
Gold explorers Great Southern Mining and Fraser Range Metals have launched new capital raisings today, with the proceeds to fund exploration programs in Western Australia and NSW.
UPDATED: Private equity player Aurenne Group has made a $32 million all-cash takeover offer for ASX-listed Alt Resources, which is developing the Bottle Creek gold mine in Western Australia.
St George Mining has launched a new capital raising to secure further funding for its Mt Alexander nickel-copper sulphide project in Western Australia, with the next major drill program to begin this month.
Apollo Consolidated is selling a portion of its interest in two overseas gold projects, with the proceeds to fund drilling and development studies on its Lake Rebecca project in Western Australia.
Rio Tinto has established an internal team to lock in some of the unexpected efficiency gains it has achieved during COVID-19 restrictions, the group’s iron ore chief executive Chris Salisbury has told Business News in a video interview.
An Association of Mining & Exploration Companies survey has found that 74 per cent of Australian mineral exploration companies have ceased, or dramatically decreased, their exploration operatio
The Chinese conglomerate behind Pilbara magnetite ore mine Sino Iron has said the operation reported a profit for the first time since it started up in 2013, after higher iron ore prices lifted revenue 15 per cent.
West Perth-based Predictive Discovery has received commitments to raise up to $6.9 million from a share placement and is seeking to raise up to a further $2.1 million to progress its gold discovery in Guinea.
AVZ Minerals will receive a $10.5 million investment from China-based Yibin Tianyi to progress its flagship lithium project in Central Africa, while also receiving commitments to raise $5.3 million.
Engineering contractor Monadelphous has disclosed multiple problems across its operations, with supply chain issues causing delays on large projects, and contract disputes and low profits forcing a restructure of its water infrastructure business.
