Yindjibarndi to buy $1.1b Pilbara desalination plant

Karlawinda delivers record gold production Capricorn Metals (ASX: CMM) has announced its Karlawinda gold project, in the Pilbara region of WA, is on track for it FY26 guidance in a preliminary update on Q1 FY26 production.  The project delivered another strong quarter of operations, producing 32, 318oz of gold, on track to achieve 115,000-125,000oz at an all in sustaining cost (AISC) of $1,530-$1,630 per oz, in line with expectations outline in the FY26 mine plan.  Gold production for the quarter reflected the ongoing mining productivity improvement that drove the consistent quarterly increases in output throughout FY25.   The mining fleet achieved...

Second culling: Anglo American axes coal jobs  Anglo American is cutting more than 200 jobs across its coal operations in central Queensland and its Brisbane head office, according to the Issac Regional Council. The company is Australia's second largest steelmaker, operating five mines across Queensland, including the state’s largest — the Grosvenor underground coal mine. Anglo American Australia people and corporate relations vice president Ben Mansour says the company has undertaken a comprehensive review of its organisational structure to ensure the long-term sustainability of the business. “As part of this review, a small...

Bravus confident in Carmichael’s future Bravus Mining and Resources is investing $50m in expansion works to increase production at its Carmichael coal mine by a third over the next four years to 16mtpa. The investment will support expansion of the Carmichael workers village, a new water dam, the construction of a rail network maintenance hub, additional mine site infrastructure and engineering works. Bravus Mining and Resources chief operating officer Mick Crowe says the decision to export more coal from Carmichael will create hundreds...

Fortescue (ASX: FMG) founder Dr Andrew Forrest is set to acquire a 16.8% stake in global tungsten producer EQ Resources (ASX: EQR), making him the company’s largest shareholder.