The billionaire’s six-year battle to keep Quarry Park off his beloved Minderoo Station could come down to how well the sand miner pegged out its proposed prospecting areas.
Iluka last year collected $85m in royalties from BHP, with that figure set to almost treble to $224m once South Flank becomes operational.
Mineral sands miner cancels interim dividend amid global uncertainty in demand for its products.
Indus pleaded guilty to failing to provide a safe working environment in which a contracted employee was not exposed to hazards.
The joint venture, which will allow Sheffield to fully fund the $478m Thunderbird project, is subject to approval by a Federal watchdog that has recently knocked backs similar deals.
The company has announced a joint venture that involves it hiving off 50 per cent of its flagship Thunderbird mineral sands project in exchange for a big cash injection.
The cash will be used for site establishments and early works construction, general working capital, project financing activities and placement costs.
As WA mineral sands miner reveals it received JobKeeper payments and tax deferrals after COVID-19 pandemic hit global demand, prices for zircon.
WA mineral sands miner says it is in negotiations with two synthetic rutile customers over take-or-pay commitments.
Low interest loan from Federal Government all but guarantees start on Coburn mineral sands project near Shark Bay.
Aspiring mineral sands miner close to pressing button on $257m Coburn project near Shark Bay.
Aspiring minerals sands miner stitches up supply deals covering 66 per cent of forecast revenue.
COVID-19 could delay the mineral sands miner’s demerge of its lucrative Pilbara iron ore royalty vehicle.
Sheffield Resources is taking the knife to its $478m Kimberley mineral sands project to try and flush out an equity backer
The minerals sands miner also expects an increase in rehabilitation liability by $US41 million to hit full year 2019 results.
The project will be the company’s second mineral sands mine after its operating Kwale project in Kenya.
The money also provides breathing room for it to pursue a funding partner for its flagship Thunderbird project in the Kimberley.
The minerals sands miner has warned of lower sales volumes of zircon, lower price realisations for the commodity and higher operating costs in the second half.
Thyssenkrupp has agreed to buy the entirety of the heavy rare earth carbonate from the Browns Range project near Halls Creek.
Plans to slash development costs at the mineral sands project in the Kimberley have received a cautious thumbs up from investors.
It’s been a bumpy 12 months for Bruce McFadzean and shareholders of his aspiring mineral sands miner.
The company has secured offtake for all the ilmenite production from its recently scaled-down first stage.
MZI called in administrators in April after persistent production and recovery issues rendered its operations unviable.
Sand mining gives locals secure employment close to home
© West Australian Newspapers Limited 2020