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Evolution Mining (ASX: EVN) has tabled record net statutory profit, underlying profit and earnings before interest, tax, depreciation and amortisation (EBITDA) in FY24. Statutory profit was up 158% from FY23 to $422m, underlying profit increased 135% to $482m and EBITDA was 67% higher to $1.51b. Evolution managing director and chief executive Lawrie Conway commented on the results. “The record financial performance and excellent progress we have made on deleveraging the balance sheet and the more than doubling of the final dividend, while continuing to invest in our various project opportunities, are testament to our strategy and capital allocation discipline,” he said. “We are ideally positioned for FY25, which will see us continue our high cash generation through planned higher production,…

THE 23rd Global Iron Ore and Steel Forecast Conference, scheduled to take place in Perth next week, has been cancelled amid concerns over the potential spread of the coronavirus. The conference will be rescheduled to later this year at the same venue, The Westin Hotel Perth. Informa Australia resources conference director Alexandra Bennet said all existing registrations and sponsors will be transferred to the new conference dates of 1 and 2 December. “We were greatly looking forward to welcoming to the conference but this reschedule is in the best interest of the health and welfare of all involved and we apologise for any inconvenience this may have caused,” she said. The conference is a premier annual event for the…

A 15-year court battle has ended with WA’s Banjima indigenous group winning a Native Title claim for more than 10,000 square kilometres of Pilbara land. The claim was first lodged in 1998 and went to litigation with the state in 2011. In late August, the Federal Court decided in favour of the Banjima people, awarding them the rights for land stretching east from Tom Price to Newman, around the Karijini National Park. The group’s rights will co-exist with iron ore mining tenements held by BHP Billiton, Rio Tinto, Hancock Prospecting and Fortescue Metals Group. The decision would not overrule the rights granted to these companies by mining tenements or pastoral leases, but could result in some changes via negotiations. Banjima…

A spike in reported bullying incidents on mine sites in WA’s South West has prompted the launch of a government awareness program. The Department of Mines and Petroleum (DMP) reported it had received three times the amount of bullying reports between 2011 and August 2013 than in the previous three years. Aimed at the region’s 60 medium to large scale mines, the program would include DMP site visits to examine preventative systems, policies and procedures. DMP Southwest Mines Safety team leader Tony Robertson said the program would provide assistance and information to companies to ensure they fulfilled duty of care. He said the safety and health of WA resources industry workers would remain the number one priority for the department.…