Northern Minerals raises A$25m

Rare earths developer Northern Minerals has announced a A$25-million capital raise to advance its Browns Range project towards a final investment decision in the first half of 2024. The company on... 

29Metals announces major capital raise

ASX-listed 29Metals has launched a A$151-million entitlement offer to fully fund the Capricorn Copper recovery plan and near-term capital projects at Golden Grove. The equity raise will be... 

BHP cuts the ribbon at new training center

Diversified miner BHP has cut the ribbon at its FutureFit Academy in Western Australia, as part of its commitment to create 2 500 new traineeships and apprenticeships nationally over five years and... 

Aus releases greenhouse gas storage acreage

The Australian Petroleum Production and Exploration Association (Appea) has welcomed the release of new areas for exploration for offshore greenhouse gas storage to help Australia lower emissions... 

Woodside gets Trion approval

The Mexican regulator, Comision Nacional de Hidrocarburos, has approved oil and gas major Woodside Energy’s field development plan for its Trion project. Woodside in June approved the $7.2-billion... 

Lynch walks away from Sayona

The share price of lithium miner Sayona Mining fell on Tuesday following the announcement of CEO and MD Brett Lynch’s resignation, before recovering slightly. Lynch will depart the company with... 

Record production narrows Red 5 losses

Record gold production has seed ASX-listed Red 5 narrow its losses in the 12 months to June. Gold production in the full year to June increased from 66 871 oz to 165 544 oz, with gold sales... 

West African closes strong first half

Gold miner West African Resources has reported a solid first half of 2023, despite a 12% fall in gold sales. The miner on Tuesday reported revenues of A$309.6-million for the six months to June,... 

Andromeda updates Great White economics

An updated definitive feasibility study (DFS) into the Great White kaolin project, in South Australia, has increased the expected revenue and net present value estimates, while decreasing capital... 

Black Cat raises exploration funds

Junior Black Cat Syndicate will raise A$8.3-million in a share placement to fund exploration work at its Western Australian gold assets. The company on Tuesday said it had received firm... 

Apollo strikes a deal on Serbian copper

ASX-listed Apollo Minerals has struck a conditional agreement to acquire Edelweiss Mineral Exploration, which holds the Belgrade copper project in Serbia. The project consists of four licenses... 

Alliance members vote for industrial action at Chevron

US energy major Chevron is facing industrial action with Offshore Alliance members at the company’s Western Australian gas facilities issuing a notice of intention to take protected industrial... 

A$3bn boost to WA's electricity grid

The federal and Western Australian governments have inked a landmark agreement to bolster the state’s energy security. The Commonwealth-Western Australia Rewiring the Nation deal would expand and... 

Lynas unveil cost increases at Kalgoorlie

Rare earth miner Lynas has announced a cost-blow out at its Kalgoorlie rare earths processing facility, while falling revenue and inflation pressures have eaten into profits for the year ending... 

Bowen adjusts strategy as costs rise and prices fall

Coal miner Bowen Coking Coal will adjust the mine plan a its Burton Complex in order to preserve capital amid tightened market and pricing conditions. The miner said on Monday that while the... 

Gold Road posts solid results

Gold miner Gold Road Resources has closed a strong first half to June, with gold sales and revenue up. Gold sales during the six months under review reached 80 115 oz, up from the 79 606 oz in... 

bp plans investment decision at H2Kwinana in 2024

Energy major bp will take an investment decision on the H2Kwinana project, in Western Australia, in 2024, and is aiming to start production by 2026. The company last week completed its concept... 

Ramelius posts solid year

Gold miner Ramelius Resources has reported a 396% increase to its statutory net profits after tax for the full year ended June. The gold miner reported statutory net profits after tax of... 

Base swings to a loss

Despite a robust performance from its Kwale operations, in Kenya, mineral sands miner Base Resources has finished its 2023 financial year with a loss of $4.8-million. The ASX- and Aim-listed... 

Strike won't increase the offer for Talon

ASX-listed Strike Energy on Monday said it would not increase its bid for fellow-listed Talon Energy, in the absence of a superior offer. Under the current scheme, Talon shareholders will receive... 

First Quantum joins Rio in copper JV

Diversified miner Rio Tinto has formed a joint venture (JV) with fellow major First Quantum over the development of the La Granja copper project, in Peru. Following the completion of conditions... 

CEO exit casts shadow on Fortescue results

Iron-ore major Fortescue has reported record shipments during the 2023 financial year, while also announcing the departure of CEO Fiona Hick only six months after her appointment. Hick’s... 

Zenith strikes deal with QMines

Junior Zenith Minerals has struck a deal with fellow-listed QMines to divest of its Develin Creek copper/zinc project, in Queensland, for up to A$4.5-million in cash and shares. "We are pleased to... 

Qld invests more into IPP

The Queensland government this week pledged a further A$53.5-million to the Industry Partnership Program (IPP) to support new industries. Deputy Premier Steven Miles said the funding would focus... 

QPM completes Moranbah buy

ASX-listed Queensland Pacific Metals (QPM) has completed the acquisition of the Moranbah gas project, transforming the company into the sixth largest domestic gas producer on the Australian... 

BCI gets credit approval for Mardie finance

Potash developer BCI Minerals has received credit approvals for A$650-million of project finance for its Mardie salt project, in Western Australia. The company on Friday said that the Northern... 

Ramelius extends Musgrave offer

Gold miner Ramelius Resources has extended its takeover offer for fellow-listed Musgrave Minerals until September 15, and has reiterated that it will not be improving on its offer, in the absence... 

Value-add should be key to Australian prosperity - Minister

Australia’s future prosperity will centre on its ability to value-add, rather than just relying on extraction, Industry and Science Minister Ed Husic said this week. “Australia has had a... 

Intergenerational report reveals changes to mining future

The net zero transformation would see global demand for some of Australia’s exports decline, while creating new markets and opportunities for its industries, the government’s Intergenerational... 

More needs doing on decarbonisation - Minister

The latest results from the Quarterly National Greenhouse Gas Inventory has highlighted the need for greater action on decarbonisation said Climate Change and Energy Minister Chris Bowen. The... 

Pilbara posts record production and sales

Lithium miner Pilbara Minerals has closed a stellar financial year, reporting record production and sales, as well as a 326% increase in net profits, which was reported at A$2.4-billion. The... 

bp a step closer to hydrogen FID

PERTH (miningweekly.com) – Energy major bp is a step closer to a final investment decision (FID) on its energy hub H2Kwinana, having completed its concept development phase study. The study... 

Namibia uranium mine restart slated for 2025

Mining operations at the Langer Heinrich mine, in Namibia, is expected to restart by June 2025, Paladin Energy CEO Ian Purdy said. Speaking to Mining Weekly Online on the sidelines of the Diggers... 

Sierra Rutile closes difficult H1

ASX-listed Sierra Rutile has reported lower profits and revenue for the half-year ended June as production fell. The company previously noted that rutile and ilmenite production was impacted by... 

Record sales for Regis

Despite a record year of sales, gold miner Regis Resources has reported a statutory net loss of A$24-million for the 2023 financial year, compared with a profit of A$14-million in the previous... 

Coolgardie pours first gold

ASX-listed Focus Minerals has poured its first gold at its restarted Coolgardie gold operations, in Western Australia. The junior resumed openpit mining earlier this year, and is progressing the... 

St Barbara widens loss

Gold miner St Barbara widened its loss from A$160.8-million to A$429.1-million during the 2023 financial year. The miner said that the loss included a non-cash after tax impairment of... 

Woodside avoids strike, but Chevron remains in the crosshair

Oil and gas major Woodside has avoided industrial action at its North West Shelf operations, offshore Western Australia, reaching an agreement with the Offshore Alliance employee representatives.... 

Whitehaven profits soar as prices recover

Despite a fall in production, coal miner Whitehaven Coal has reported a solid 2023 financial year, with revenues and profits increasing. The ASX-listed company has reported a 23% increase in... 

Northern Star hits sales targets

PERTH (miningweekly.com) – Gold miner Northern Star Resources reached its production targets in the full year ended June, with the miner selling 1.56-million ounces of gold at an all-in sustaining...