Westgold Resources’ takeover hopes of Gascoyne Resources have been dashed after the Supreme Court of Western Australia approved Gascoyne’s merger with Firefly Resources.
BHP and Wyloo coming to terms over Noront tussle
BHP has commenced discussions with Andrew Forrest’s Wyloo Metals as the two attempt to come to a mutually beneficial agreement regarding the Noront Resources takeover. Read more
Global gold demand drops
Worldwide demand for gold decreased in the September quarter as the industry felt the pinch of reduced exchange-traded funds (ETF) sales.
IGO deal at Greenbushes pays early dividends
IGO’s first quarter as an owner of the Greenbushes lithium mine in Western Australia has exceeded expectations as production impressed and commissioning of one of three existing processing plants at the mine commenced.
Pilbara Minerals reaches new heights with record production
Pilbara Minerals delivered record production of 85,759 dry metric tonnes (dmt) of spodumene concentrate for the September quarter, up 11 per cent from 77,162dmt the three months prior.
Didipio drives up OceanaGold revenue
OceanaGold has recorded a 12 per cent revenue increase quarter-on-quarter, with the performances of its Didipio gold-copper mine in Philippines and Haile gold mine in the United States exceeding expectations.
New Century to grow with Mt Lyell copper acquisition
New Century has completed a multi-faceted growth transaction that will position it to acquire the Mt Lyell copper mine in Tasmania, boosting the company’s upward trajectory into a leading economic rehabilitation and tailings management company.
Fortescue consolidates costs as iron ore shipments peak
Fortescue Metals Group achieved record iron ore shipments of 45.6 million tonnes for the September quarter as the company maintained a low cost profile during the three-month period.
Newcrest eyes gold and copper boost
Newcrest Mining has forecast improved gold and copper production in the December quarter following a decrease in shutdown activities and the completion of a SAG mill motor replacement at the Cadia gold operation in New South Wales.
Bellevue cements position as future gold producer
Bellevue Gold is on track to produce 200,000 ounces of gold a year at industry leading costs for the first five years at its namesake project in Western Australia after making positive progress in the September quarter. Read more