Fortescue plans to purchase Australian peer Red Hawk Mining in an off-market takeover bid to gain access to an undeveloped iron ore mine near its major Solomon project in Western Australia, reported Bloomberg. An offer price of as much as A$1.20 cash per share implies an equity value of A$254 million ($160 million) for Red Hawk. “Red Hawk is the…
Read More
Bowen Rail Company has appointed THEE Group as the new track and civil maintenance contractor for the billion-dollar Carmichael Rail Network project in central Queensland. Bowen Rail Company general manager Brendan Lane said THEE Group was chosen following a months-long selection process. The scope of work to be delivered is so fundamental to the safety and performance of the railway…
Read MoreMining contractor PT Pamapersada Nusantara (PAMA) has become the first open-pit coal mine in the region to implement automation at its Kalimantan coal mine site in Indonesia, selecting RCT as its partner for the project. RCT said its automation technology was implemented on the site’s dozer fleet, consisting of a Komatsu D155 and a Komatsu D375. These dozers have been…
Read MorePapua New Guinea Mining Minister Wake Goi stressed this week that the government’s support is solid for mining companies that align with its long-term sustainability development goals. He told regional newspaper the Post-Courier that he is happy to see positive examples for the resource sector alongside “responsible investors” like K92 Mining and wants to foster such partnership. “We encourage other…
Read More
Fair Work Commission hearings as part of a case against BHP have begun in Brisbane, reported ABC News. The news organization said the case will test the Australian government’s Same Job, Same Pay laws. The Mining and Energy Union is accusing the miner of underpaying labour hire workers at its Peak Downs, Saraji and Goonyella Riverside mines. MEU seeks to…
Read MoreRishi Raj Singh is now Head of OEM Asia Pacific, while Aniruddha Pandit becomes Head of OEM Africa and Middle East. Both appointments are aimed at consolidating existing relationships with major manufacturers, plus at opening new business opportunities in new markets by leveraging a strategic and ambitious plan. The focus will lie on building long-term relationships with major commercial players,…
Read More
Canadian-headquartered Silvercorp Metals has confirmed the completion of its tailings storage facility No. 3 and its new 1,500-tonne-per-day flotation production line at the Ying complex in the Henan Province, China. The project, it said, wrapped in early December 2024 on time and under budget. Both facilities are now fully operating as designed following a one-month commissioning period. The addition of…
Read More
The world’s largest iron ore export hub, Port Hedland in the Pilbara region of Australia, is in operation again after the passing of what has been named Cyclone Sean. According to a Reuters report, citing an interview with the Pilbara Ports Authority, the hub reopened Monday after being idled since Saturday, 18 January, as the storm arrived in the region.…
Read More
Photo: MMG Ltd Hong Kong-based MMG resumed operations at its Dugald River MMG in MMG on January 14 after an approaching grassfire near its perimeter was contained, reported Reuters. The miner, which is backed by state-owned China Minmetals Corporation, said it does not expect any material impact on its full-year production outlook for Dugald River. In fiscal 2023, the mine…
Read More
Australia’s Fortescue has signed a memorandum of understanding with Baowu Resources, a wholly-owned subsidiary of China Baowu Steel Group, to address challenges in decarbonising the global steel industry, reported Reuters. “We are committed to building a green iron supply chain,” said Fortescue COO Shelley Robertson. “The partnership with China Baowu will help further accelerate the development of green iron technology…
Read More