Anglo-Australian tungsten producer Wolf Minerals has seen an 18 per cent rise in pre-tax losses for its Drakelands Mine in County Devon, England.
Western Australian company Tanami Gold has agreed to a deal with Northern Star Resources for the sale of its $4 million interest in the Western Tanami gold project.
The US-based Institute for Energy Economics and Financial Analysis (IEFFA) has reported on ABC’s Four Corners TV program that Adani’s Australian mining interests are at risk due to falling income from incurred debts on the Indian company’s Abbot Point coal terminal in Queensland.
Western Australia’s McGowan Government has announced that local mineral and petroleum industry has seen a 19 per cent increase in value over 2015-16 sales figures, with $105 billion in recorded sales.
New Century Resources intends to pursue Century Bull’s 30 per cent share in the ongoing Century Mine rehabilitation project, increasing its ownership from 70 per cent to 100 per cent.