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Mining

Delays flagged for Pilbara project

The $6 billion Balla Balla infrastructure project has experienced two setbacks, with the deadline for meeting its obligations under a State Agreement extended by 18 months and recent exploration work failing to live up to promise.

Kidman settles tenement dispute

Kidman Resources has reached a settlement with parties in relation to a minimum expenditure obligation for a series of tenements at its Mt Holland project near Southern Cross.

Sheffield to raise $19m, assess Thunderbird partnership

Sheffield Resources has announced plans to raise up to $19 million, enabling the company to formally evaluate potential strategic partners for its Thunderbird mineral sands project in the Kimberley.

Pindan wins $45m Koodaideri contract

Pindan has been awarded a $45 million contract to build a 780-room construction camp at Rio Tinto’s $3.5 billion Koodaideri project in the Pilbara.

IGO buys 15% stake in Buxton

Peter Bradford-led Independence Group has taken a $4 million stake in junior explorer Buxton Resources.

Westgold secures $38m

Westgold Resources has tapped investors for $23.4 million, while also announcing the sale of its lithium royalties at Mt Marion and Buldania for $15 million.

Tribune in $30m Singapore buy

Gold miner Tribune Resources has purchased Singapore-based explorer Prometheus Developments in a deal worth $30.3 million.

West African, VDM, Genesis to raise $60m

Three local exploration companies have tapped investors for up to $60 million, led by a $48.2 million capital raising from West African Resources for its Sanbrado gold project in Burkina Faso.

Gruyere forecasts production lift to 300,000oz

Gold Road Resources has increased the forecast annual output for its half-owned $621 million Gruyere gold project, while confirming first production remains on track for mid-2019.

Echo appoints Maca, raises $6.5m

Echo Resources has signed a letter of intent to award two mining contracts to MACA for its Yandal gold project near Leinster, while also announcing a $6.5 million capital raising backed by major shareholder Northern Star Resources.

Roberts buys $30m MinRes stake

Perth rich lister and Mineral Resources director Tim Roberts has bought a $29.6 million stake in the diversified mining company.

Explaurum backs Alkane investment

Explaurum has asked shareholders to accept an $8 million placement from Alkane Resources on the same day a report from independent expert BDO said a hostile takeover bid from Ramelius Resources undervalued the gold explorer.

Report highlights Fifo problems

A state government report released today on Fifo mental health has prompted an immediate response, with the Chamber of Minerals and Energy of WA and mental health organisation Lifeline WA announcing a new partnership.

World's largest ore stackers to be built in WA

thyssenkrupp Industrial Solutions Australia will design and build the world’s largest rail-mounted stackers in Western Australia after winning a $250 million contract for BHP Group’s $4.6 billion South Flank iron ore project.

Valmec, WestStar win contracts

Valmec has secured $25 million worth of construction contracts, including at Mineral Resources’ Wodgina project, while fellow local contractor Weststar Industrial was awarded a $4 million contract at Rio Tinto’s West Angelas mine near Newman.

Indonesian group cleared to acquire Kangaroo Resources

Indonesian coal mining group PT Bayan will pay $226 million to acquire the remaining shares in ASX-listed coal play Kangaroo Resources it does not already own, after the Supreme Court of Western Australia approved the takeover deal.

NAIF backing for another miner

Verdant Minerals has entered into a non-binding agreement for a $160 million debt facility from the Northern Australia Infrastructure Fund, adding to a string of mining projects in recent months to reach a funding agreement with the fund.

Piedmont raises $12m

Piedmont Lithium has tapped investors for $12.2 million to fund an expansion and upgrade at the company’s namesake project in the US state of North Carolina.

Drop in million-dollar club

SPECIAL REPORT: There has been a notable reduction in the number of high-earning executives in WA, though some individuals do well year after year, research by Business News has found.

Ellison earns $4.7m, or is it $2.4m?

SPECIAL REPORT: There can be wide differences between the statutory pay reported by listed companies and the ‘take home’ pay of their senior executives.

Decmil in $65m BHP extension

Decmil has been awarded a $65 million contract extension with BHP Group for expansion works at the Mulla Mulla village in the Pilbara.

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