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Rivet Mining Services has gone into administration due to extreme weather events, labour shortages, project delays and rising costs. Mining services, which provides bulk haulage and ancillary onsite services to mining companies in WA, is the only business within the Rivet Group effected. Chris Hill, Vaughan Strawbridge and Hayden White from FTI Consulting have been …
What You Missed in the News This Week
Roy Hill has awarded a $70m order to Epiroc to automate their mixed fleet, making it the world’s largest autonomous mine. The contact involves driverless conversion of 96 haul trucks, including 54 Caterpillar and 42 Hitachi trucks, and future trucks. MACA has been awarded a mining contract with Atlas Iron at their McPhee Creek …
What You Missed in the News This Week
Lynas has secured $200m in investments from Japan Australia Rare Earths through a subscription of ordinary shares. Lynas CEO and managing director, Amanda Lacaze, said “JARE has been a valued and strategic partner to Lynas since 2011 and we welcome these new agreements which better reflect demand forecasts from the Japanese rare earths market.” …
What You Missed in the News This Week
The Federal Government has prevented Chinese company Yuxiao Fund from raising its stake in Northern Minerals on grounds of national interest. Yuxiao Fund wanted to increase its holding from 9.92% to 19.9% but needed approval from the Foreign Investment Review Board. Northern Minerals has been focused on fine-tuning its heavy rare earths processing system through …
