Navigator Resources is reinventing itself as a pharmaceutical company.

The company behind a proposed $6 billion iron ore project in the Pilbara has signed an agreement with a Chinese company to build the mine. 

Hundreds of jobs will be created as Talison Lithium begins construction of a $320 million lithium concentration plant at Greenbushes in the next couple of months, the company said. 

Fortescue Metals Group’s annual community support grants have opened for organisations within the Pilbara. 

Fortescue Metals Group says it will repay another US$1 ($1.31) billion of its debt at the end of the month, using free cashflow generated from higher than expected iron ore prices and lower operating costs. 

Investors have been cautious in their response to the release of a scoping study by the Mark Creasy-backed Australian Potash which showed its Lake Wells project in WA stood to generate strong returns.

Birimian chairman Winton Willesee and non-executive director Hugh Bresser have resigned from the lithium and gold explorers board averting a potentially bruising shareholder meeting, which was scheduled for yesterday. 

 

BGC Contracting has won a five-year, $720 million contract extension with the administrators of the collapsed Arrium for mining operations at the Iron Knob and South Middleback Ranges iron ore projects in South Australia.

Water scarcity poses a risk to companies in the mining and metals sector, but it also represents a significant opportunity–to catalyse collective solutions that improve water security and sanitation for all, according to a new report from the International Council of Mining and Metals (ICMM) and IFC, a member of the World Bank Group.

 

Orionstone Founder Ashley Fraser has stepped in to provide the $7.5 million needed to bring Empire Resources Penny’s Find gold mine joint venture into production.