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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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…
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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…
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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.…
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Hitachi Construction Machinery will start full-scale operation of a remote support center in April that will monitor mining sites using its autonomous haulage system 24 hours a day, 365 days a year to help increase overall operational efficiency. Dubbed the “Technological Centre of Excellence (TCoE),” the operation will monitor the dump truck AHS used at mines. Hitachi will initially utilize…
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Global coal miner Peabody Energy has succeeded in expanding its holding at its North Goonyella operation in Queensland, and to mark the growth is renaming it the Centurion mine. Peabody officials said the change comes after the company reached an agreement to acquire a large portion of the Wards Well coal deposit, situated adjacent to the existing North Goonyella complex.…
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Rio Tinto has approved a new 12.4-megawatt solar farm and 8.8 MVa/2.1 MWh of battery storage to provide renewable energy for the Amrun bauxite operations in Far North Queensland. “The construction of the Amrun solar farm and battery storage system, which is located on Wik and Wik-Waya Traditional lands, is an important milestone for Weipa Operations and will contribute to…
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Australia’s only pure play bauxite producer Metro Mining reported record production and sales at its Bauxite Hills mine in Queensland. “It is exciting to announce that we have reached 4 million tonnes, which puts our 2023 sales target of 4.5 – 5 Mt well within reach. The Metro team, together with our contract partners, have worked incredibly hard to reach…
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After 60 years of copper mining, Glencore said it will close the Mount Isa Mines’ underground copper operations (Enterprise, X41 and Black Rock) and copper concentrator in the second half of 2025. Full story.
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