Dartbrook restart another step closer

ASX-listed Australian Pacific Coal (AQC) will raise A$12-million through an institutional placement and accelerated non-renounceable entitlement offer to provide working capital for the Dartbrook... 

Byerwen future on the line as Glenden plan causes concern

The future of unlisted QCoal’s Byerwen coal mine, in Queensland, has been called into question after most of the 400 workforce have informed the company that they would quit, rather than move to... 

AuTECO spends A$65m on Canadian mine

ASX-listed AuTECO Minerals has struck a A$65-million deal to acquire the Green Bay copper/gold project in Newfoundland, Canada. AuTECO submitted a bid under the sale and investment solicitation... 

Peninsula makes a new plan for Lance

Uranium developer Peninsula Energy has unveiled a new life-of-mine (LoM) plan for the Ross and Kendrick production areas at its Lance uranium project, in Wyoming, which could see production... 

ERA braces for more cost increases

The 2022 feasibility study into the rehabilitation of the Ranger uranium project, in the Northern Territory, has confirmed a A$368-million cost increase for the closure, bringing the total cost of... 

Record year at Perseus

Dual listed gold miner Perseus Mining has posted record financial results for the year ended June, as both gold production and gold prices increased. Perseus on Thursday reported a 27% increase... 

Lithium drives IGO to record heights

Critical minerals miner IGO has posted a record financial performance for the year ended June, driven by record earnings from its lithium joint venture (JV). IGO’s revenues in the full year... 

Sandfire profits fall in 2023

Copper miner Sandfire Resources has reported a fall in revenue and profits for the full year ended June. Sales revenue for the full year declined from $922.7-million in the 2022 financial year to... 

More gas needed to avoid AEMO predicted shortfall - Appea

The Australian Petroleum Production and Exploration Association (Appea) said on Thursday there was an urgent need for more gas supply after the Australian Energy Market Operator (AEMO) said there... 

WA gas policy could curtail investment - MinRes

ASX-listed Mineral Resources (MinRes) this week said that Western Australia’s domestic gas policy could hamper the development of its onshore gas assets. During the company’s full-year results... 

Ardea raises A$16m for nickel aspirations

Nickel developer Ardea Resources has received firm commitments to raise A$16-million in a share placement to professional and sophisticated investors. Ardea on Wednesday said it would place some... 

Oakover concentrate study proves up

An updated dense media separation (DMS) manganese concentrate scoping study at the Oakover project, in Western Australia, has estimated that the project would require a capital investment of... 

Triton gets mining concession in Moz

ASX-listed Triton Minerals has been granted a 25-year mining concession for its Cobra Plains graphite project, in Mozambique. Triton had previously held an exploration license over the Cobra... 

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...