Junior explorer Ausgold has received commitments to raise $2.4 million through a share placement and up to $1.2 million via a share purchase plan to fast-track exploration at the company’s Katanning gold project in Western Australia.
Perth-based Danakali will receive a $US50 million investment from Africa Finance Corporation to fund the development and construction of its Colluli potash project in West Africa.
Alita Resources has repaid $US32.5 million ($A47 million) to its major shareholder and creditor Galaxy Resources, which confirmed today it would not pursue its planned acquisition of the lithium mi
Perenti Global will exit from two Burkina Faso operations following an ambush on its employees last month, but will continue operating three other mines in the country. The contractor also announced today several new contracts in Australia and Africa.
Collapsed lithium miner Alita Resources has entered a binding $70 million loan agreement with China Hydrogen Energy, three months after the company went into administration.
Uranium explorer Peninsula Energy is planning a $9.1 million capital raising to fund costs associated with its mines in the US, while De Grey Mining is planning to raise $5 million to fund exploration activities at its Mallina gold project, near Port Hedland.
Vysarn has appointed former AFL player and Sea Harvest managing director James Clement to lead the company next year, three weeks after he was added to the Fremantle Dockers board of directors.
A move to use lasers to perfectly load rail cars is worth about $300 million to BHP and is an example of how the area around the town of Newman is world class in applying technology to resources.
West Perth-based Vysarn announced it has entered a two-year drilling and construction agreement with Fortescue Metals Group for works across its mine sites in the Pilbara.
Alkane Resources has received commitments to raise $20 million through a share placement, and up to $34.8 million through a 1-for-8 rights issue, to accelerate exploration and development programs in the Tomingley gold corridor in New South Wales.
NRW Holdings has purchased BGC Contracting for $116.4 million in cash, three weeks after it was named preferred bidder, and plans a capital raising of $130 million to fund the transaction.
Flinders Mines has announced the negotiation of a binding agreement with BBI Group, bringing the aspiring iron ore miner one step closer to pursuing its Pilbara iron ore project.
West Perth-based Catalyst Metals has received commitments to raise $7.9 million through a share placement, backed by Gina Rinehart's Hancock Prospecting, to accelerate its Four Eagles and Tandarra gold projects in Victoria.
Rio Tinto has approved a $1 billion investment in its Pilbara iron ore operations, including the rollout of more autonomous trucks, on the same day the state government urged Canberra to support changes designed to fast track approvals for major resources projects.
Four hundred Metals X employees and contractors have lost their jobs after the company halted operations at its Nifty Copper mine today, one day after another Pilbara miner Millennium Minerals entered into voluntary administration.
Minority shareholders in aspiring iron ore miner Flinders Mines expressed frustration at today’s AGM over its proposed deal with infrastructure company BBI Group, accusing their board of trying to push through a deal without offering complete details.
NRW Holdings today confirmed it expected 35 per cent growth in revenue this year, helped by the recently acquired RCR Mining Technologies, but was coy on its plans to purchase BGC Contracting.
Gold explorer Catalyst Metals has entered a farm-in and joint venture agreement with major shareholder St Barbara to explore its Drummartin project in Victoria.
Rio Tinto has partnered with Amazon Web Services and startup accelerator BlueChilli to develop a four-year national program designed to prepare young Australians for a digital workforce.
Mining company Gold Fields and energy producer EDL have completed the first stage of a renewable energy project that will eventually see wind and solar deliver half the power needs of the Agnew gold mine.
Poseidon Nickel has made two key additions to its board and management team as it moves closer towards the restart of its flagship Black Swan operation near Kalgoorlie.
Panoramic Resources and Independence Group have entered into a confidentiality deed which allows IGO to conduct due diligence on Panoramic and its Savannah nickel mine, in relation to an off-market takeover offer launched earlier this month.
US-focused Winchester Energy has received commitments to raise $6.4 million through a share placement to fast-track oil exploration and production activities at its Permian Basin project in Texas.
Vango Mining has entered a non-binding agreement with China-based Nonferrous Metal Industry’s Foreign Engineering and Construction (NFC) to provide $70 million for its Marymia project in the Mid-West region.
Perth-based Mincor Resources has received commitments to raise $30 million through a placement, backed by major shareholders Andrew Forrest and Independence Group, and is looking to raise a further $5 million through a share purchase plan.
The Chamber of Minerals and Energy of WA (CME) has welcomed the federal government’s plan to deliver new deregulation measures for Australian businesses, saying it could save Western Australian resources projects more than $23 million each year.
Perth-based Meteoric Resources has received commitments to raise $7 million through a share placement to accelerate its Juruena and Novo Astro gold projects in Brazil.
About $300 million will be invested by Mineral Resources into expansion projects in the 2020 financial year, led by moves to boost Yilgarn iron ore output nearly 50 per cent.
Engineering company Monadelphous has secured a five-year, $100 million contract for maintenance work across Rio Tinto’s iron ore mines in Western Australia.
Mining contractor MACA has secured open pit mining works for the restart of First Quantum Minerals’ Ravensthorpe nickel mine, which it said would generate $480 million in revenue over an initial five-year term.
The mining sector has welcomed an agreement signed by Geoscience Australia and the United States Geological Survey to collaborate on developing critical minerals assets, which include commodities such as lithium and rare earths.
