Monadelphous lands multiple contracts in Western Australia

Engineering company Monadelphous Group has secured new contracts and several extensions for projects in Western Australia totaling A$160 million. The Australian-based company was awarded two one-year contract extensions for fixed plant maintenance services and sustaining capital projects across Rio Tinto’s iron ore operations in the Pilbara region. It has also secured a fabrication, supply, installation and commissioning contract at Rio…

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South32 halts operations at Groote Eylandt

South32 withdrew its forecast for Australian manganese output after it was forced to temporarily suspend operations at its Groote Eylandt Mining Co (GEMCO) unit due to Tropical Cyclone Megan, reported Reuters. The diversified miner initially forecasted a production of 3.4 million wet metric tons (amt) of manganese in fiscal 2024, slightly lower than the 3.5 million amt output in fiscal…

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South32 closes door on coal with Illawarra sale

Australian miner South32 has agreed to sell its Illawarra metallurgical coal business for $1.65 billion, exiting the coal market to focus on copper and zinc opportunities, reported Reuters. Illawarra is being sold to a consortium led by Golden Energy and Resources and M Resources. The deal comprises an upfront cash payment of $1.05 billion at completion, and a deferred cash…

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Stanmore snatches up South32’s share of Eagle Downs

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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South32 evaluating Colombian nickel complex on price drops

South32 revealed in its quarterly production and earnings report this week that it will be placing its Cerro Matoso nickel operation in Colombia under a strategic review following a reduction in prices paired with a production shortfall. The complex’s payable nickel production in 2H23 was 18.3 million tonnes, down 10%, despite the miner’s outlook of 40.5Mt full-year while eyeing higher…

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