Oil and gas major Santos has warned of a $700-million to $800-million non-cash impairment charge for the 2020 interim results.
The impairment charge was related to revised oil price assumptions resulting from the effects of the Covid-19 pandemic, the …
Santos warns of impairments Read More »
Gold miner Saracen Mineral Holdings has reported a strong production quarter, but said that the performance was overshadowed by the fatality at the Carosue Dam operation, in Western Australia.
“Saracen expresses its deepest condolences to the family, …
Death overshadows Saracen success – Finlayson Read More »
ASX-listed Venturex Resources and Aurora Minerals have inked a binding earn-in and joint venture (JV) agreement which could see Aurora earn an 80% interest in the Whim Creek copper/zinc project, in Western Australia.
Under the terms of the agreement,…
Venturex and Aurora sign deal over Whim Creek Read More »
ASX-listed Eagle Mountain Mining will raise A$3-million through a share placement to institutional and professional investors to fund exploration drilling at its Oracle Ridge copper project, in Arizona.
The company on Tuesday said that it had receive…
Eagle Mountain raises A$3m Read More »
Junior Artemis Resources has struck an agreement with joint venture (JV) partner Northern Star Resources to divest of its 80% interest in the Mt Clement gold project, in Western Australia.
Under the terms of the agreement, Artemis will be paid A$344 0…
Northern Star buys Mt Clement Read More »
Gold miner Westgold has reinstated its production outlook for the 2020-21 financial year, with the miner now anticipating a production of between 270 000 oz to 300 000 oz during this time.
Westgold earlier this year withdrew its production guidance ow…
Westgold sets new production target Read More »
The Australian resources sector has welcomed the release of the interim report into the independent review of the Environment Protection and Biodiversity Conservation (EPBC) Act.
The interim report sets out preliminary views on the EPBC Act and how i…
EPBC Act reform welcomed Read More »
Major BHP on Tuesday announced that it had met its full year production targets for iron-ore, metallurgical coal and its operated copper and energy coal assets, despite impacts from the Covid-19 pandemic.
“BHP safely delivered a strong operational per…
BHP meets production targets despite Covid-19 Read More »
Junior S2 Resources will raise A$7.75-million through a share placement to fund accelerated exploration in both Australia and Finland.
The ASX-listed company on Monday said that it would place some 62-million shares at a price of 12.5c each under its …
S2 Resources raises exploration funds Read More »
The Western Australian resources sector contributed some A$67.1-billion to Australia’s economy in 2018-19, directly creating more than 71 000 jobs, a survey of 53 Western Australian resources sector companies has found.
The Chamber of Minerals and En…
WA miners contribute billions to economy – survey Read More »
