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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Bluegrass Natural Resources said the mine reserve at its Darby coal operation in eastern Kentucky will be exhausted in the next several weeks. The mine has been in production for over 30 years. Full story.
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The Ministry of Coal in India has confirmed new executed agreements with six coal mine bidders after a seventh round of auction for commercial coal operations. Full story.
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