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Advanced gold explorer Genesis Minerals is targeting regional consolidation in Western Australia's world-class Leonora mining district through an agreed $A111M takeover of miner Dacian Gold.
The all-scrip transaction, at 0.0843-for-1, seeks to combine the bidder’s high-grade resources with Dacian’s large-scale strategic milling infrastructure at Mt Morgans.
MD Raleigh Finlayson says it’s the first step towards its...
Australian steelmaking coal specialist Pembroke Resources has awarded civil works contracts worth $A67M to Golding Contractors for its under-construction Olive Downs project in Queensland’s Bowen Basin.
The contracts comprise $52M civil works for a 19km rail loop including earthworks, drainage culverts and construction of two bridges as well as importing capping material, and $15M bulk earthworks, drainage and roadworks...
Hancock Prospecting subsidiary Atlas Iron has awarded an extension of the mining and crushing service works at its Mt Webber mine in Western Australia’s Pilbara region to contracting group NRW Holdings.
Through its Action Drill & Blast and Primero businesses, the contract extension worth about $A60M will cover load and haul, drill and blasting and ROM re-handling, crushing and...
A record final quarter has helped West Australian miner Westgold Resources meet its gold production guidance of 270,878oz for the year to end-June (FY22), up from 245,411oz a year earlier.
The company’s portfolio of six underground mines and several openpits with three processing plants delivered 72,591oz in the three months to June, up from 65,426oz in Q3, including Cue Gold Operations’ best result of 24,797oz.
Record June quarter performance has helped West Australian gold miner Regis Resources deliver its best production result of 437,300oz for the year to end-June, up from 372,870oz a year earlier and within its full year guidance of 420,000-475,000oz.
Q4 production totalled 123,901oz, from 103,100oz in the March qtr. The Duketon mine posted 92,800oz (74,800oz) and its 30%-owned AngloGold Ashanti lifted to 31,100oz (28,300oz).
Regis says inflationary...
Asset services engineer SRG Global has been awarded a five-year term contract by Fortescue Metals Group and its partner Formosa Steel IB for maintenance and shutdown services to provide rope access and electrical maintenance requirements at its $US3.3-3.5MB Iron Bridge magnetite mine development in Western Australia.
MD David Macgeorge says the company is excited to expand its relationship with FMG and play an integral...
One of the rash of new resource sector listings on the ASX this year, Demetallica has come up with strong exploration results on one of its NW Queensland prospects.
Demetallica has detailed the advance of its first drilling campaign on the Jericho zone of its Chimera polymetallic prospect, 70km SE of Cloncurry.
Five weeks before it listed in May, Demetallica engaged two drill rigs for Jericho to test for the down-plunge potential of an existing resource envelope with the...
Australian-based miner Firefinch is implementing significant operational and corporate changes after a slower than expected ramp-up at the giant Morila Super Pit in Mali forced it to ditch its production guidance and seek more working capital.
In what executive chairman Dr Alistair Cowden calls “a confluence of events”, Firefinch has found its ambitious decision to acquire and revive the mothballed former Barrick Gold-AngloGold Ashanti mine knocked off track by equipment supply issues...
Embattled miner Firefinch hopes increases in resource and reserve estimates feeding into a new mine plan will help turn around performance at its Morila Super Pit in Mali after slow June qtr (Q2) output resulted in it ditching the mine’s FY2022 production guidance.
Firefinch’s 80%-owned giant openpit mine has delivered about 13,300oz gold for the three months, up from 10,874oz in Q1 but well behind its forecast 17,000-20,000oz.
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