Alien Metals has been granted a mining lease for the Hancock iron ore project in Western Australia by the state’s Department of Mines, Industry Regulation and Safety. The lease is good through 17 April 2045. “This is a further significant step on the pathway to production for the Hancock project. The company has made significant progress and is now in…
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Coal miner Peabody has completed its acquisition of Wards Well coal deposit immediately next to its Centurion mine complex in Queensland, Australia. The transaction was with seller Stanmore Resources, and carried a cash price tag of $136 million as well as a contingent royalty of up to $200 million payable after recovery of the related project investment when coal prices…
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Macmahon has executed an equipment sale agreement to sell a substantial portion of its remaining mobile equipment fleet at Anglo American’s Dawson South project in Queensland. The mobile equipment was sold at market rates, which Macmahon said were at or above book value, for cash consideration. The sale is expected to result in A$44 million of net cash inflows for…
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Thiess has secured a six-year mining services contract extension with BHP for the Mt Arthur South coal operations in New South Wales, Australia. The A$$1.9 billion contract will see Thiess continuing to operate and maintain mining equipment to support BHP’s production requirements, and working with the miner and local community toward the planned 2030 mine closure. “This contract extension acknowledges…
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Rio Tinto is partnering with global venture studio and start-up investor Founders Factory to back the development and commercialisation of breakthrough technologies in the mining industry. The miner said it will invest A$14.4 million in global pre-seed and seed stage start-ups over the next three years. The focus will be on technologies in the fields of safe mine operations, decarbonisation,…
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Westgold Resources and Karora Resources have agreed to merge via a plan of arrangement. The combined company will have a portfolio of Western Australian assets capable of producing 400,000-plus ounces annually. The announcement follows recent news that Australian gold miner Ramelius Resources had ended discussions to purchase Canadian-based, Western Australia-focused Karora. Under the merger terms, Karora shareholders will receive 2.524…
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Perenti said its underground mining business Barminco has been awarded a new three-year mining services contract at Regis Resources’ Duketon Operations in the Goldfields region of Western Australia. The contract, valued at A$393 million, commenced 1 April for the provision of underground development, production and support services. “We’re very pleased to continue our partnership with Regis Resources at the Duketon…
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Under a new management services agreement, Rio Tinto will oversee the Ranger uranium mine rehabilitation project in Australia’s Northern Territory on behalf of Energy Resources of Australia (ERA). “With the signing of this agreement, we are pleased to be able to directly provide more closure and project delivery experience and know-how to this critical task,” said Rio Tinto Chief Executive,…
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Eriez has announced the appointment of Matthew Behre to serve as its Flotation Sales Director for Eriez-Australia. In this pivotal role, Behre will spearhead Eriez’ capital sales, commissioning, laboratory operations, and pilot test work for the Australia region. Behre brings nearly two decades of invaluable expertise in flowsheet design, metallurgical laboratory management, and process engineering to his new position. Before…
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Australian gold miner Ramelius Resources has ended discussions to buyout Canadian-based, Western Australia-focused Karora Resources, reported Reuters. “Following its usual disciplined due diligence process, Ramelius advises that no final agreement, including on value, was reached,” the company said. The news agency said a local report estimated the transaction value to be between A$700 million and $1 billion. Karora Resources, which…
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