Mining powerhouse WA tops CommSec State of the States October report
For the first time in 10 years, a mining powerhouse is officially Australia's top economy.
Mining
Kula wants to target gold targets at the historic mining site in Washington
Kula Gold is preparing for an initial drilling program at its recently acquired Mt Palmer gold project, which has produced more than 150,000 ounces grading 15.9 grams per tonne in the Southern Cross region of Washington.
Mader Group: Forecast of lower growth damages share price of mining vehicle maintenance group
Investors have sharply rejected the fast-growing Mader Group and see another strong jump in profits as a rejection of forecasts for slower growth. Shares in the mining vehicle maintenance company fell as much as 17 percent on Tuesday, even though Mader again met his forecast with an increase in annual profit by almost a third … Read more
MLG and Evolution Mining plan to file suit after heavy-duty diesel mechanic's arm was crushed at Goldfields mine
Prosecutors allege that the crushing of a heavy-duty diesel mechanic's arm at a mine site near Kalgoorlie-Boulder was the result of two companies' failure to comply with health and safety standards. Both the transport and crushing contractor MLG OZ and the mine operator Evolution Mining were involved in a case before the Kalgoorlie District Court … Read more
Perseus Mining acquires $68 million stake in Predictive Discovery directly from OreCorp deal
Perseus Mining has expanded its influence in the African gold business by securing a significant stake in Guinea explorer Predictive Discovery, a few months after completing its acquisition of Tim Goyder's OreCorp. But Perseus, led by Jeff Quartermaine, has sought to dampen excitement over an impending move to Predictive, saying the boards are not in … Read more
Cash-conscious mining executives are returning to gold as appeal of critical minerals wanes, WA recruiters say
Executives in the resource sector are more likely to change jobs for a good leader and a good salary than for the waning appeal of changing the world, say two talent scouts, as roles in critical minerals lose popularity in favor of gold. Acacia founders Abbi Vermey and Laura Grierson say their Subiaco-based recruitment firm … Read more
Underground gold rush and decarbonization drive the next generation of mining trucks
More environmentally friendly and penetrating deeper into the earth – these are the key trends that suppliers to Western Australia’s mining industry’s biggest toys are focusing on. Demonstrating a Caterpillar AD63 truck outside the Diggers & Dealers Forum in Kalgoorlie, the WesTrac boss says the booming underground mining market is playing a role in the … Read more
Big Dogs help junior mining partners reach new heights
In the difficult times that many junior mining companies on the ASX have recently been going through, it has become common practice in the boardroom to lure a deep-pocketed “big dog” onto the share register to provide much-needed firepower.
“No panacea”: Mining Minister David Michael dampens hopes of imminent lithium royalty reduction
David Michael appears to have deprived Western Australia's struggling lithium mining companies of the opportunity to receive tax relief in the near future. Tony Ottaviano, the boss of Australia's newest lithium mining company Liontown Resources, called on the state government on Tuesday to consider accelerating royalty reductions for lithium producers as the price of the … Read more