$4m study could bring new oil refinery to WA

CuFe to sell iron ore mine to Newcam Minerals CuFe (ASX: CUF) will sell the iron ore rights to its WA JWD iron ore mine to Newcam Minerals for $12m cash, citing challenging conditions in the iron ore market. The JWD mine will suspend operations while the ownership transition occurs to preserve the value of ore in the ground. Iron ore prices have been declining all year from a peak of $141.45 per tonne at the...

MinRes meets the mark in Q4 Mineral Resources (ASX: MIN) met FY25 production guidance across its iron ore and lithium operations amidst significant leadership transition. FY25 production volumes were 280mt, up 11mt year on year, and at the lower end of the guidance range (280 – 300mt). During the quarter, the MinRes board appointed Malcolm Bundey as an independent non-executive director. Mr Bundey assumed the position of chair on July 1, with an immediate focus on continued board renewal, strengthening governance, Onslow Iron and balance sheet repair. This follows the announcement in late 2024 that Chris Ellison would step down...

Rio Tinto secures power for Gladstone Rio Tinto (ASX: RIO) and Edify Energy have signed two new solar and battery hybrid services agreements (HSAs) to increase the supply of reliable, competitively priced electricity to Rio Tinto’s Gladstone aluminium operations in Queensland. Under the agreements, Rio Tinto will purchase 90% of the power and battery storage capacity generated by the Smoky Creek & Guthrie’s Gap Solar Power Stations for 20 years. Edify Energy will build, own and operate the projects, with construction due to begin in late 2025 and targeting completion in 2028. Located...

Stanwell’s Meandu thermal coal mine has been granted a 21-year extension by the Queensland Government, securing the long-term future of 500 coal workers.