Peabody closes Wards Well deal

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 sells Dawson South equipment

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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BHP extends Thiess contract at Mt Arthur South

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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Westgold, Karora to create Australian powerhouse

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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Barminco goes underground at Duketon

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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K92 resuming operations after government green-light

K92 Mining has confirmed it is restarting underground operations at its core area in Papua New Guinea after a Mineral Resources Authority audit found that its underground safety management plan was “good”. The Canadian-based company said the letter from the MRA for PNG vacates Form 29, which the agency issued to the miner on 13 March. Just days before that,…

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Rio Tinto takes over Ranger rehabilitation

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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Ramelius ends talks to acquire Karora

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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Harmony Gold project granted ‘Prescribed Project’ status

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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CSIRO seeks Australians’ views on mining

Australia’s national science agency CSIRO has engaged Voconiq to survey the attitudes of Australians toward the mining industry. Results will be used by CSIRO to inform future mining-related research initiatives that lead to public reports and academic publications.  The survey is an opportunity for all Australians, 18 years and over, to share their views on mining, its role in the…

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