Auris Minerals Chairwoman Bronwyn Barnes and Director Susan Vearncombe have been ousted from the board of the explorer following a bitter split between rival shareholder groups.

Egyptian billionaire businessman Naguib Sawiris has continued his selldown of Evolution Mining, dumping a five per cent stake, worth about $280 million, on the market late on Thursday.

This morning the Northern Territory Government announced major changes to the Territory’s mineral royalty regime delivering a massive increase in royalties for mining projects. 

Fortescue Metals Group has applied for environmental approval to begin early works at its US$1.5 ($1.94) billion Eliwana iron ore project in the Pilbara ahead of a final investment decision expected this year.

Gold Fields Global Chief Executive Nick Holland says the company is unlikely to make new corporate moves in Australia and expects exploration in WA to rise to replace gold mined as new projects begin to dry up.

 

Evolution has narrowed its full-year guidance range after reporting a lift in gold production in the March quarter.

The boss of freshly re-listed Jupiter Mines has ridiculed WA’s reputation as a favourable mining jurisdiction, saying the company had to go to South Africa to build a mine.

BHP has been forced to lower its full-year iron ore production guidance, citing car dumper reliability issues.

Yield-hungry investors are expected to guarantee a strong day’s trade for Brian Gilbertson’s Jupiter Mines after it rejoined the boards of the Australian Securities Exchange today after a four-year hiatus.

More than 50 religious leaders have banded together to urge Adani to abandon its Queensland coal project and invest in renewable energy instead.

Rio Tinto lifted iron ore production from its Pilbara operations 8 per cent in the March quarter, compared to the same period a year ago, to 83.1 million tonnes.