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Northern Star doubles profit

Northern Star doubles profit

Northern Star doubles profit Northern Star Resources (ASX: NST) reports a record-breaking FY25 marked by high gold prices, steady production and the acquisition of De Grey Mining’s (ASX: DEG) Hemi development project. FY25 has seen several miners report record-breaking years, thanks largely to similarly remarkable gold prices. Gold has surged multiple times throughout the year, thanks in part to global uncertainty around aggressive tariffs driving investment into the industry. Northern Star has reported $6.4b in revenue, up 30% from FY24’s $4.9b, as well as an underlying net profit of over $1.4b after tax, which has more than doubled from last year....

Latitude66 set to drill high-potential gold targets at Edjudina

Latitude66 set to drill high-potential gold targets at Edjudina

Latitude66 set to drill high-potential gold targets at Edjudina Latitude 66 (ASX: LAT) has announced the planned commencement of a drilling program at its Edjudina Project, located in the Laverton region of WA. The planned drilling program will commence in March this year and consists of up to 9,000m of aircore and potentially follow up reverse circulation drilling to test multiple significant gold-in-soil surface anomalies. This follows from previous exploration works completed across the project area, which have shown substantial potential given their scale and proximity to known mineral occurrences and infrastructure. Latitude66 has also signed a drill for equity agreement with Raglan Drilling, allowing the company to complete up to 9,000m of drilling, with 25% of the cost payable...

(Image source: CIMIC Group) In total, the contracts will provide approximately $150 million in revenue for UGL across multiple years.

UGL unlocks $150m in contracts

UGL unlocks $150m in contracts CIMIC Group company UGL has been awarded several new contracts and contract extensions with existing WA clients: Alcoa (ASX: AAI), bp, Chevron and Woodside (ASX: WDX). UGL has been awarded a contract with Chevron Australia for construction services, supporting the installation of modules, equipment, structure, piping and electrical and instrumentation works. Additionally, UGL has received an 11-month contract extension for the supply of services to Alcoa’s mining and refining operations in WA for the continued management and execution of mechanical, electrical and access services for maintenance work. UGL has also received...

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Weld. Power. Cut. Heat.

Weld. Power. Cut. Heat. Australian mining’s ultimate all-in-one welding powerhouse Vast distances, harsh environmental conditions, high stakes – these are just some of the challenges faced by Australian mining professionals every day. In remote mining sites, equipment failures demand rapid, reliable solutions – yet with limited access to stable power sources and support facilities, even basic repairs can become complex and costly. This highlights the need for versatile, self-sufficient equipment that can withstand Australia’s rugged terrain and keep mining operations running smoothly. And it’s in response to these requirements...

Call for Australian workers to be given fairer go

Call for Australian workers to be given fairer go

AUSTRALIA’s Construction, Forestry, Mining and Energy Union (CFMEU) is demanding that the benefits of the mining boom be shared more equally, with the launch of a new advertising campaign. The union is calling for more jobs to be delivered to Australians, along with increased investment in mining communities and better management of the impact on various job sectors. “The mining boom has created opportunities for many Australians, but it has left many more behind, badly hurting job-rich sectors such as manufacturing, tourism and education,” CFMEU construction and general division secretary for Queensland Michael Ravbar said. “While thousands of Queenslanders are losing their jobs, and unemployment has leapt to 6.2 per cent, big mining companies want to bring in temporary foreign...

Mineral Resources will retain majority ownership of the haul road.

Mineral Resources to sell minority stake in Onslow haul road for $1.3b

Mineral Resources to sell minority stake in Onslow haul road for $1.3b Mineral Resources (ASX: MIN) is set to sell its 49% interest in the Onslow Iron project’s haul road to Morgan Stanley Infrastructure Partners for $1.3b. The 150km fully sealed and fenced dual lane haul road links the Ken’s Bore mine site to the Port of Ashburton and is equipped with fibre optic cabling to support Mineral Resources’ autonomous road trains. Mineral Resources will retain majority ownership and exclusive rights to use, operate and maintain the Onslow haul road, ensuring seamless mine-to-ship delivery of iron. Proceeds are payable in cash and comprise upfront consideration of...

Final positioning of TOMRA 3 XRT ore sorter.

EQ Resources installs third TOMRA XRT ore sorter

EQ Resources installs third TOMRA XRT ore sorter EQ Resources (ASX:EQR) has installed its third TOMRA XRT ore sorter. Over the past 12 months of operating and sorting the low-grade stockpile, EQ Resources has seen an average 10% to 12% mass yield from the feed concentrate and has optimised the processing parameters to maximise tungsten recoveries. Since starting to process the primary ore from the Andy White open pit, an increased mass yield ranging between 15% to 18% have been achieved, with stable tungsten trioxide recoveries above 95%. Now that the new sorter has been installed, TOMRA technicians are set to arrive on site this week for commissioning....

Grants ranging from $50,000 to $200,000 will enable collaborative projects between universities and industry.

NSW grants for groundbreaking electrification projects

NSW grants for groundbreaking electrification projects A share of more than $1m in grants are up for grabs in NSW for groundbreaking projects that are focused on reducing carbon emissions through electrification. The Electrification and Energy Systems Network Seed Grant Scheme provides funding as part of the NSW Government’s Decarbonisation Innovation Hub. The Hub supports researchers, industry and government stakeholders in critical sectors to increase the uptake of new technologies in decarbonising the State. NSW Energy Minister Penny Sharpe says the projects must translate research-based technologies into real-life solutions for current and future energy challenges. “Electrification of our energy system is essential...