Category: Projects & Operations

Gina Rinehart backed Arafura Rare Earths (ASX: ARU) has signed a binding offtake agreement with global trading company Traxys to supply up to 850tpa of neodymium-praseodymium oxide from its Nolans project.

Fortescue (ASX: FMG) reported a 6% year-on-year decrease in iron ore shipments to 46.8mt for Q1 FY27, attributing the decline to maintenance activity, while ongoing negotiations with China Mineral Resources Group (CMRG) weighed on sales volumes.

GM3 has commenced as the new operator of the Tahmoor coal mine in NSW following its acquisition by Golden Energy and Resources (GEAR) and M Resources.

Arafura Rare Earths (ASX: ARU) has commenced construction at its Nolans rare earths project in the Northern Territory, set to be Australia’s first fully integrated rare earths mine and processing facility.

BHP (ASX: BHP) has agreed to divest its Kambalda nickel concentrator and a package of tenements and mineralisation rights in WA to South African miner Gold Fields.

Bell Bay Aluminium will receive $200m in support from the Federal and Tasmanian Governments to secure smelter’s operation until the end of 2031.

Yancoal (ASX: YAL) has completed its acquisition of an 80% interest in the Kestrel coal mine in the Bowen Basin, Queensland, for US$1.85b in cash.

Gold from Bellevue Gold’s (ASX: BGL) namesake project in the Eastern Goldfields of WA will supply the St Paul’s Cathedral in London for its regilding project.

The Liontown (ASX: LTR) board of directors has given the go-ahead for the company to advance its $389m expansion project at the Kathleen Valley lithium operation in WA.

Northern Star (ASX: NST) has rejected an unsolicited acquisition offer from South African gold miner Gold Fields to acquire the company for an implied equity value of $38.7b.

AIC Mines (ASX: A1M) has entered into binding agreements to acquire Materra Metals and its Mt Cuthbert copper project in Queensland for $120m, consisting of $100m in AIC Mines shares and $20m in cash.