Metso has signed an agreement to acquire Jindex Pty Ltd, a privately owned Australian tech company specializing in valves and process flow control, for an undisclosed amount. “This acquisition is yet another important step in the development of Metso’s Pumps business line offering to bring us closer to being our customers’ lifecycle partner of choice. Flow and isolation control play…
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Rex Minerals has entered into a scheme implementation deed (SID) with its major shareholder MACH Metals Australia, under which MACH will acquire all of the shares it does not already own for cash consideration of A$0.47 per share. The offer price, which implies a fully diluted equity value of A$393 million, follows a competitive global partnering process, which focused on…
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Liontown Resources said it has executed a full-form offtake agreement with Beijing Sinomine International Trade Co. (BSIT) for the supply of spodumene concentrate from its flagship Kathleen Valley lithium project in Western Australia. “Securing a near-term offtake with an established lithium refiner to sell initial volumes over the ramp-up period, de-risks sales during our ramp-up of the plant towards nameplate…
Read MoreCobalt Blue Holdings has selected Tetra Tech for the engineering works of its cobalt-nickel refinery in the Kwinana Industrial Area of Western Australia. Financial details were not disclosed, nor was a timeline for work, but Coalt Blue said the scope of work will include detailed process plant design and construction participation in the projects. “We are excited to partner with…
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BHP said it will temporarily suspend its Western Australian nickel operations as it has not “been able to overcome the substantial economic challenges driven by a global oversupply of nickel.” The miner said the suspension will begin in October and last at least until February 2027. “We understand this is a challenging period for the Western Australia Nickel team and…
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Western Australian miner Mineral Resources (MinRes) has become the first resource company in the Australian state to send out a team of mental health counsellors to its mine sites. In a model it hopes will set the tone for others in WA, MinRes said the move will offer services to all of its employees, including the 7,500 it has working…
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Rio Tinto said it is working to secure a more sustainable power supply for the Gove Peninsula in the Northern Territory with two 5.25-megawatt solar farms. Following agreement with the Gumatj and Rirratjingu Traditional Owner Groups on the location of the facilities, the farms will be built on Rio Tinto leases and will help underpin a low-carbon future for the…
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Stanmore Resources had decided to start taking the necessary steps to cease operations at its Mavis underground coal project, part of the Millennium Complex, in Queensland’s Bowen Basin region. A strategic review by the miner determined that “the Mavis Underground project has proven to be uneconomic under current market conditions and coal prices, with comparatively higher costs driven among other…
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Anglo American has suspended production at its Grosvenor coal mine in Queensland, Australia, following an underground coal gas ignition incident on 29 June. The miner said all employees were safely evacuated without injury, but it is still working on safely extinguishing the fire. ABC News reported that authorities are racing to seal at least six of the mine shafts, along…
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After completing a comprehensive viability assessment, Mineral Resources (MinRes) has decided to cease iron ore shipments from its Yilgarn hub in Western Australia by 31 December 2024. The miner said the outcome was influenced by several factors, including the limited remaining mine life across five operating mines at the hub and the significant capital cost and lead time required to…
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