Latest Mining Sector News

Monadelphous has won new construction and maintenance contracts exceeding $110 million, extending its footprint in Papua New Guinea and Western Australia with projects set to run through 2028.

Far East Gold Ltd (ASX: FEG) has explained the delayed filing of a director’s interest change notice, attributing the lag to the off-market takeover bid process by Xingye Gold. The company is reinforcing its disclosure policies to prevent future delays.

A2MP Investments FZCO has kicked off an off-market takeover offer for the remaining 44.44% of Canyon Resources shares it does not already control, valuing the company at about A$103 million equity and A$188 million enterprise value. The bid comes amid deteriorating project economics and funding challenges for Canyon's Minim Martap Bauxite Project.

Wia Gold has locked in A$125 million through a placement at A$0.425 per share, completing the funding package for its Kokoseb Gold Project in Namibia. This capital raise, alongside a proposed US$360 million debt facility, sets the stage for construction and first gold production targeted in late 2028.

Almonty Industries posted a striking turnaround in Q2 2026, driven by soaring tungsten prices, ramping Sangdong Mine operations, and a major $800 million convertible notes raise.

Resouro Strategic Metals has closed its $2.5 million private placement, issuing 10 million shares at 25 cents each to support the environmental program and feasibility study for its Tiros project in Brazil.

Canyon Resources' Independent Board Committee advises shareholders to take no immediate action on the opportunistic takeover offer from majority owner A2MP, which is priced well below recent market levels. The committee is conducting a thorough review and will issue a formal recommendation in due course.

Chrysos Corporation posted a 33% revenue increase and 68% EBITDA growth in FY26, driven by expanding its PhotonAssay™ technology fleet to 46 units worldwide and signing 24 new lease agreements.

Forrestania Resources has extended its off-market takeover offer for Zenith Minerals shares to 31 August 2026, while ASIC has approved a faster payment window that removes withdrawal rights for shareholders.

The Federal Treasurer has tightened restrictions on foreign shareholders Real International Resources and Qogir Trading, blocking share disposals without prior approval and reinforcing voting bans amid ongoing compliance concerns.

CleanSpace has secured its largest-ever industrial order, worth approximately A$1.9 million, from a global mining customer operating in Indonesia, signalling growing confidence in its respiratory protection technology.

Miramar Resources has restructured its board and executive roles to bolster its growth strategy, appointing Mark Hanlon as Non-Executive Director and transitioning Marion Bush to Chief Executive Officer. The company also outlined upcoming drilling programs at key Western Australian projects.