Shares in Sheffield Resources have tumbled after the aspiring mineral sands miner raised $18 million in a placement at a discounted 39c.

While gold miners fell on a dip in the price of the precious metal yesterday, a swag of explorers caught the attention of investors.

Premier Mark McGowan has backed his Government’s efforts to prioritise residential resources workforces as pressure mounts to take a hardline approach against fly-in, fly-out practices.

 

Kalgoorlie has firmed as the likely site of Lynas Corporation’s proposed $500 million rare earths processing plant after the company struck an agreement with the local council.

Climate change activists should support Australia's coal industry because if it was shut down then its customers would use dirtier, more-polluting coal from other sources, Federal Resources Minister Matt Canavan said.

Lynas has signed an agreement with the outback town of Kalgoorlie to explore a potential initial ore processing site as the rare earths producer tries to soothe concerns in Malaysia about radioactive waste.

Poseidon Nickel will restart operations at its Black Swan project in Western Australia following a recent surge in nickel prices.

Kidman Resources shareholders have backed a $776 million takeover of the lithium producer by Wesfarmers.

Scott Morrison has spruiked WA’s critical minerals sector as a priority area for growth in the wake of figures this week showing the resources sector had sustained the economy.

Bradd William Morelli, Sule Arnautovic and Trent Andrew Devine of specialist insolvency firm Jirsch Sutherland have been appointed as Voluntary Administrators of the MRS Services Group. 

The world’s gold sector has been called to account for fostering potentially misleading and inconsistent reporting of its actual cost structure – with suggestions actual costs may be higher than those being publicly declared.