Mining

ExclusiveSage calls in former pawn star

Perth Glory owner Tony Sage has stepped down as executive chairman of his cash-strapped flagship Cape Lambert Resources and recruited a well-connected veteran.

Neale Prior

We’re sorryRio delivers mea culpa over shelter destruction

Mining giant’s 46-page submission to a Federal parliamentary inquiry reveals chronology of events leading up to blasting that destroyed two ancient rock shelters at Juukan Gorge in May.

Stuart McKinnon

Pilbara painVictorian FIFO worker who skipped WA quarantine fined

A fly-in, fly-out worker who failed to self-isolate and instead flew to a Pilbara mine site after arriving from Victoria has been hit with a heavy financial punishment.

Shannon Hampton

Shares downSaracen’s seven-year stretch at Carosue Dam, Thunderbox

The reserve updates will underwrite 100 per cent of production from the two assets for more than seven years, but production and cost guidance failed to impress some investors.

Stuart McKinnon

‘I AIN’T BUYING’Yes, gold’s pretty but it’s no sure thing

NICK BRUINING: My beef with gold is that compared with other investments, gold simply relies on one thing to make the value move in one direction or the other — human emotion.

Early works$18.5m raising for Strandline to advance Coburn

The cash will be used for site establishments and early works construction, general working capital, project financing activities and placement costs.

Stuart McKinnon

Court fightCollie miner disputes coal supply default notices

Troubled Collie miner Griffin Coal has gone to court to dispute default notices by its biggest customer.

Sean Smith

Footprint expandedRio strikes farm-in deal with Sipa in the Paterson

Joint venture represents the fourth such arrangement the mining giant has struck in the East Pilbara as it looks to develop its Winu copper-gold project.

Stuart McKinnon

JV partnersNeometals to join in battery recycling

Neometals could become a partner in a commercial battery recycling facility in Germany with the anticipated formalisation of a joint venture this week.

Stuart McKinnon

Damages claimRio seeks $493m from Monadelphous over port blaze

The Cape Lambert blaze was the first of a series of mishaps for Rio in the Pilbara last year which forced it to twice downgrade iron ore shipping guidance for the year.

Stuart McKinnon

On a missionPerth-born rover to fetch water from the Moon

Perth company Space Industries is putting WA on the map with its world-first device designed to mine water on the Moon.

Kate Purnell

Head startRio puts $60m into WA jobs of the future

Rio Tinto, plagued by months of controversy after destroying a sacred indigenous site in the Pilbara, will announce an almost $60 million investment in training and development in WA.

Lanai Scarr

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‘eye of the storm’
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Resilient mining industry digs WA out of economic hole

WA’s economy is forecast to only shrink slightly due to COVID-19 this financial year, thanks largely to the State’s resilient mining sector and enormous levels of fiscal stimulus.

Peter Law

Foreign investmentCardinal latest test for FIRB

Cardinal Resources is set to become the latest WA-based explorer to test the Federal Government’s tolerance for Chinese investment in Australia.

Stuart McKinnon

Bleak pictureCCIWA warns worst of economic storm on its way

Western Australia’s peak business group has warned business investment — ex-mining — is set to slump as the uncertain economic environment continues to drive sentiment.

Meilin Chew

Safe havenGold on track for biggest monthly gain in four years

Spot bullion is up 10 per cent in July as a gauge of the dollar slumped, prompting concerns its status as the world’s reserve currency of choice is at risk, and US real yields fell to a record low.

Phoebe Sedgman

Mining leadersAboriginal business council to close gap

A group of WA businesswomen in mining and resources say it is vital the industry helps cultivate Indigenous role models and are pushing for the formation of an Aboriginal business council.

Danielle Le Messurier

Better dealPilbara gets debt relief with new facility

New $US110m arrangement with BNP Paribas and the Clean Energy Finance Corporation comes with drastically reduced interest rate.

Stuart McKinnon

Forecast pessimismWhy is Frydenberg low-balling iron ore price?

Treasurer Josh Frydenberg’s economic and fiscal update is based on a $US55-a-tonne iron ore price at a time when the market level are almost double that.

Michael Heath

New kingFMG topples Wesfarmers as WA’s richest company

Shares in Andrew Forrest’s Fortescue Metals continue to go from strength to strength, and today finally stole Wesfarmers’ crown as WA’s most valuable company on the ASX.

Stuart McKinnon

Going strongWA grows share of mining jobs despite COVID-19

WA grew its share of national mining job ads to almost half at the height of the pandemic in another sign the State remains the powerhouse of Australia’s ailing virus-hit economy.

Kate Purnell

The West LiveWA more than ‘rocks and crops’: Peter Klinken

WA has more to offer the nation than ‘rocks and crops’ and should focus on advancing the State’s STEM economic opportunities, according to chief scientist Peter Klinken.

Caitlyn Rintoul and Jenna Clarke

Shining brightGold nears record after US Fed flags risks

Gold prices neared the last session’s record peak after the US Federal Reserve vowed to keep interest rates near zero as the rapid rise in coronavirus cases dampens hopes for a recovery.

Swati Verma

New benchmarkFMG cashes in on high prices with record shipments

Fortescue Metals Group has posted record iron ore shipments in the final quarter of the financial year, helping it cross its full year forecast, as demand picks up in China.

Daniel Newell