Fortescue to tap undeveloped iron ore with Red Hawk deal

Fortescue plans to purchase Australian peer Red Hawk Mining in an off-market takeover bid to gain access to an undeveloped iron ore mine near its major Solomon project in Western Australia, reported Bloomberg. An offer price of as much as A$1.20 cash per share implies an equity value of A$254 million ($160 million) for Red Hawk. “Red Hawk is the…

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Bowen Rail selects THREE Group for Carmichael project

Bowen Rail Company has appointed THEE Group as the new track and civil maintenance contractor for the billion-dollar Carmichael Rail Network project in central Queensland. Bowen Rail Company general manager Brendan Lane said THEE Group was chosen following a months-long selection process. The scope of work to be delivered is so fundamental to the safety and performance of the railway…

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RCT called in for PAMA project in Indonesia

Mining contractor PT Pamapersada Nusantara (PAMA) has become the first open-pit coal mine in the region to implement automation at its Kalimantan coal mine site in Indonesia, selecting RCT as its partner for the project. RCT said its automation technology was implemented on the site’s dozer fleet, consisting of a Komatsu D155 and a Komatsu D375. These dozers have been…

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Government supports sustainable miners: Minister Goi

Papua New Guinea Mining Minister Wake Goi stressed this week that the government’s support is solid for mining companies that align with its long-term sustainability development goals. He told regional newspaper the Post-Courier that he is happy to see positive examples for the resource sector alongside “responsible investors” like K92 Mining and wants to foster such partnership. “We encourage other…

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Artemis Blackwater begins ore processing

Artemis Gold has confirmed the commissioning of the grinding circuit at the Blackwater Mine in British Columbia, Canada. Company officials said it commenced milling first ore the week of January 22. It is still targeting first gold pour prior to month-end, but at press time January 29 had not confirmed the milestone. Blackwater is planned to be a conventional open…

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Chile: Sernageomin launches public tailings platform

The National Geology and Mining Service (Sernageomin) officially launched its innovative public tailings platform, a digital tool that centralizes and facilitates access to information on tailings deposits nationwide. Currently, Chile has a total of 795 tailings deposits, distributed as follows: 53 in a state of abandonment, 128 active, 12 under construction, 1 under review and 601 inactive. This platform is…

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