China’s Zhaojin Capital, a unit of Zhaojin Mining, has won control of Australian-based gold producer Tietto Minerals after a six-month takeover battle that values the latter at A$733 million ($474.62 million), reportedReuters. Zhaojin’s original offer of A$0.58 per share was increased on 15 April to A$0.68 per share and declared “best and final” offer. Tietto’s board said it believed the…
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Australian contractor Macmahon has confirmed the receipt of a three-year mining services contract with AngloGold Ashanti for its Boston Shaker underground gold operation in Western Australia. The deal, worth A$352 million, now extends its alliance partnership to 1 May 2027 and is expected to generate revenue of $117 million annually. It has been providing services to AngloGold’s Boston Shaker since…
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Western Australia-based Liontown Resources announced a massive milestone for its Kathleen Valley lithium project: first ore crushed. “Commissioning of the dry plant commenced in late March with the team energising equipment and conducting thorough checks of the systems to ensure everything works in accordance with the design,” said the miner. Liontown noted that it will gradually ramp up the volume…
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Newmont Mining has selected lifting systems supplier Boom Logistics for a contract at its Boddington gold operation in Western Australia. The five-year contract is expected to generate revenue of A$60 million. It will be effective in the fourth quarter of this year. The details of the systems to be utilised weren’t disclosed. Boom CE Ben Pieyre said the deal builds…
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Metro Mining said its Offshore Floating Terminal (OFT) Ikamba safely departed Weipa, Queensland, Australia, on 25 April and completed its final stage of mobilisation to the Skardon River. Three days later, Ikamba commenced cargo operations loading bauxite onto a capesize vessel, 8 nautical miles from shore. OFT Ikamba triples the miner’s potential transhipping throughput but also provides additional resilience and…
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First Quantum Minerals has confirmed that it will place the Ravensthorpe Nickel Operation (RNO) in Western Australia on care and maintenance due to lower nickel prices and higher operating costs, reported ABC News. “It is anticipated all production will cease by late May, with various activities underway in the coming weeks to ensure a planned, safe wind-down of processing and…
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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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