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…
Read More
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…
Read More
Thiess has secured a four-year contract extension at BHP Mitsubishi Alliance’s (BMA) Caval Ridge operations in Queensland, Australia, that will see the company continue to operate and maintain mining equipment to move overburden.
Read More
Golding Contractors, a wholly owned subsidiary of NRW Holdings, has acquired the mining services contract, associated fleet and transfer of the employees that HSE Mining has deployed to Stanmore Resources’ South Walker Creek coal mine in Queensland. The transaction, valued at $85 million, will be funded via NRW’s asset finance facilities. “I am delighted that NRW has been successful in…
Read More
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…
Read More
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…
Read More
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…
Read More
Harmony Gold said the Queensland government has declared its Eva copper mine project as a “Prescribed Project,” in recognition of its social and economic significance to the state’s North West region. The designation will support the coordination of approval processes required for the project, which is located on traditional lands of the Kalkadoon People, 75 kilometres north of Cloncurry. Harmony…
Read More
Rio Tinto confirmed it has signed a power purchase agreement, the largest ever for Australia, to energize its Gladstone operations in central Queensland. The miner has agreed to buy the majority of electricity from Windlab’s planned 1.4-GW Bungaban wind energy project, making it the biggest industrial buyer of renewable power in Australia. Rio Tinto officials called it a major step…
Read More
Western Australia-based South32 said its subsidiary South32 Eagle Downs has agreed to divest its 50% interest in the Eagle Downs metallurgical coal project in Queensland to a Stanmore Resources subsidiary. The miner, which owns the project along with China Baowu subsidiary Aquila Resources, is divesting its interest for US$15 million. The transaction is expected to be completed by year’s end.…
Read More