Latest Mining Industry News

Askari Metals is deepening government and community partnerships in Ethiopia while advancing operational readiness at its Nejo Gold-Copper Project, positioning for imminent exploration activity.

Macarthur Minerals narrowed its loss to $1.82 million for FY26, bolstered by a major new investor and joint venture at its Lake Giles iron ore project in Western Australia.

BOA Resources (ASX: BOA) is set to acquire full ownership of the Thaduna and Green Dragon copper deposits, adding a combined 5.3 million tonnes at 2.3% copper to its portfolio and expanding its Murchison Belt footprint ahead of a funded drilling campaign.

Terra Metals appoints Debra Bakker as Chair alongside Jeff Quartermaine and Jennifer Purdie to steer the company’s shift from exploration to development at its promising Dante Project in Western Australia.

Classic Minerals has launched Supreme Court proceedings to affirm its 80% beneficial interest in gold rights at the Forrestania Gold Project, aiming to secure legal clarity as it advances mining development.

Duratec Limited has finalised its $12 million acquisition of Pacific Welding Australia, expanding its footprint in the Energy and Mining sectors along Australia’s East Coast and enhancing its self-perform capabilities.

Tivan Limited has formalised binding joint venture agreements with Timor-Leste’s state-owned Murak Rai Timor to develop the Baucau and Ossu copper-gold projects, targeting maiden drilling at Ossu in late 2026.

Clean TeQ Water has won a significant Design and Construct contract to deploy its proprietary ATA® tailings dewatering technology at Broken Hill Mines’ Rasp Mine, enabling a key production ramp-up and promising both near-term and long-term revenue streams.

Classic Minerals has restated its 80% beneficial interest in the Forrestania Gold Project, emphasizing that recent acquisitions by Forrestania Resources do not affect its rights, which remain protected amid ongoing Supreme Court litigation.

Orica Limited posted its strongest half-year EBIT in over 20 years at $512 million, driven by premium product demand and strategic acquisitions including Nelson Brothers. The company also initiated a $100 million cost reduction program and declared a 28.5 cent interim dividend.

Kingsrose Mining has appointed Andrew Caruso as its new CEO, bringing over three decades of mining leadership experience to drive its Scandinavian projects and acquisition strategy. His remuneration package includes a base salary of CND$400,000 plus performance-linked incentives tied to share price milestones.

Chalice Mining has bolstered its leadership and financing strategy while advancing a Feasibility Study for its Gonneville palladium-nickel-copper project, amid improving market conditions and promising exploration results.