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The hot small-cap at the centre of a $20m Greenland mining mystery
14+ hour, 23+ min ago (174+ words) Eclipse Metals sees plenty of promise at Cape Desolation, and so do its investors. And years before production, it has created a real jackpot (for some). Carl Popal in Greenland. He is the executive chairman of Eclipse Metals. Harry Afentoglou…...
Miners" data targeted as hackers hold software provider to ransom
3+ day, 6+ hour ago (77+ words) AFR Dozens of Australian mining companies are scrambling to access their key technology systems after a major software supplier to the sector was breached by cyberattackers demanding a ransom. Among those thought to be targeted are Australia"s two biggest…...
$700 cash handouts as mining riches propel WA to another big surplus
4+ day, 4+ hour ago (104+ words) AFR A whopping $18 billion in mining royalties and GST payments propelled Western Australia to its eighth straight budget surplus, more than $1 billion of which Treasurer Rita Saffioti will give back in fuel and student handouts despite warnings untrammelled government spending…...
Orica hit by US supplier outage, despite booming gold demand
4+ day, 9+ hour ago (80+ words) AFR Orica's earnings have been hit by an explosion at the plant of its ammonium nitrate supplier in the United States, causing big one-off costs that offset robust sales of chemicals to the booming gold sector. The Melbourne-headquartered mining services…...
BHP's CFO flags openness to bond issue in renminbi, after China deal
5+ day, 3+ hour ago (52+ words) AFR BHP chief financial officer Vandita Pant says the mining behemoth is open to issuing bonds in renminbi if the cost of the debt stacks up, as she welcomed a commercial deal with China that ended an iron ore impasse....
Northern Territory explorer Tanami Gold launches $70. 5m rights issue
5+ day, 13+ hour ago (99+ words) AFR Entitlement offers are back in fashion this week on the ASX. And it is mining junior Tanami Gold's turn, after Navigator Global Investments' $145 million deal and BWP Trust's $228 million cash call. Tanami Gold's shares have risen 130 per cent in…...
Rio Tinto boss vows more cost-cutting as it bets big on copper boom
5+ day, 41+ min ago (89+ words) AFR Rio Tinto's new chief executive, Simon Trott, has pledged to step up his program of cost cuts, as Australia's second-largest miner said it was well positioned to take advantage of booming global demand for copper and critical minerals. Trott,…...
Waratah Minerals taps investors for $40m
6+ day, 7+ hour ago (38+ words) AFR Gold and copper hopeful Waratah Minerals is seeking $40 million via an institutional placement. Waratah Minerals is focused on the Spur gold project in the Lachlan Fold Belt of NSW. Arsineh Houspian...
Regis and Vault agree to merge, creating $10. 7b gold mining giant
6+ day, 9+ hour ago (59+ words) AFR Regis Resources and Vault Minerals have agreed to merge in a deal that would create the third-largest gold miner on the ASX, worth almost $11 billion. The combined company is expected to produce more than 700, 000 ounces annually, worth almost $4. 5 billion…...
We won't be paying': Inside Chris Ellison's fight over Pilbara port
1+ week, 3+ hour ago (82+ words) AFR When the first shipment of ore from Chris Ellison's new flagship project left the Pilbara's remote Ashburton Port bound for China two years ago, the Mineral Resources founder hailed it as a historic moment. Min Res had transformed a…...
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