Mineral Sands

Iluka to cut zircon production

Mineral sands miner Iluka says it will cut its annual production of zircon in 2012 because the global economic outlook remains unclear.

Murchison's Matthews moves to Matilda

Matilda Zircon has appointed former Murchison Metals boss Trevor Matthews as its new chief executive. Mr Matthews will take the reins at Matilda from May 14.

Iluka FY profit skyrockets but shares dip

 Iluka Resources has pledged to use surplus funds for increased dividend payments and organic growth after delivering a record profit on the back of higher sales volumes and prices.

Sheffield Resources to raise $10m

Minerals explorer Sheffield Minerals has launched a $10 million capital raising to fund drilling and exploration programs at its Dampier Zircon and Enneabba mineral sands projects.

Base signs off-take agreement for Kwale

Base Resources has signed a key off-take agreement with Dupont Titanium Technologies for mineral sands produced from its flagship Kwale project in Kenya.

Base kicks off at Kwale with funds in place

Base Resources says it has finalised arrangements for its previously announced $US170 million finance facility to fund the development of its Kwale mineral sands project in Kenya.

Sheffield completes Iluka tenements buy

Sheffield Resources has completed the purchase of the rights to three heavy mineral sands mining leases and a retention license from Iluka Resources.

EPA says no to Whicher Scarp mine plan

Western Australia's environmental watchdog says it is unlikely to support any further development on the Whicher Scarp, near Boyanup, after it knocked back Bemax Resources' proposal to develop a new mineral sands mine.

Latin Resources announces $20m expansion

Shares in Perth-based mineral sands hopeful Latin Resources have jumped after it announced a major expansion of its Guadalupito iron and mineral sands project in Peru.

AAMG closes IPO early, raises $7.5m

Minerals exploration company Australian Minerals & Mining Group has closed its initial public offering almost six weeks early, and significantly over-subscribed having raised $7.5 million ahead of a listing on the ASX.

VDM shares up on $14m BHP contract win

Shares in engineering and construction services company VDM Group climbed more than eight per cent after announcing it had been awarded a $14.1 million contract for BHP Billiton Nickel West Talc Redesign Project at Mt Keith.

Australian Minerals to open $7.5m IPO

Claremont-based explorer Australia Minerals and Mining Group has added momentum to the re-emergence of companies seeking to list on the ASX, recently lodging its prospectus for a $7.5 million initial public offer.

Iluka axes more WA jobs

Iluka Resources has cut a further 54 jobs at its Western Australian operations as the company moves to focus on its Victorian and South Australian projects.

Iluka up on $8.6m payout and settlement

Mineral sands miner Iluka has received a boost in its share value today after it reached a settlement with engineering outfit Downer EDI and secured an $8.6 million insurance payout from last year's Varanus Island gas outage.

Iluka's $55m loss blamed on GFC

Mineral sands producer Iluka has posted a net losst after tax loss of $55.8 million in the half year to June 30 after cutting production earlier this year and selling its interest in Consolidated Rutile (CRL).

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