The start of the financial year continues to deliver news to the market thick and fast. Develop has entered a trading halt as it looks to acquire Essential Metals. The acquisition is to executed via a binding Scheme Implementation Deed under which Develop proposes to acquire 100 per cent of the issued shares in Essential …
Continue reading “Develop Enters Trading Halt, Pursues Essential”
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 …
Weeks after the West Australian Government raised concerns that Alcoa’s mines posed a risk to the Serpentine Dam and 1/5 of Perth’s drinking water, it has been discovered that the US miner has risked another WA dam. Alcoa applied for approval to build pipelines over WA’s Waroona Dam to pump PFAS contaminated water from firefighting …
Newcrest has rejected Newmont’s $24.45B takeover bid after week-long deliberation. Newcrest’s board said it is still open to negotiations but thought the offer didn’t represent sufficient values for shareholders. The missing men whose vehicle fell into a hole approximately 100 meters underground in the collapse in the Dugald River underground mine have died. …
Hancock Energy has increased its offer to buy Warrego Energy from $0.28 cash per share to $0.36 cash per share, totalling $447m if the offer is approved. Three of the Four Warrego directors have recommended shareholders accept the deal over an offer made by Strike Energy, offering one Strike share for every Warrego share. …
A lot has happened in 2022 so we’ve compiled some of this year’s biggest mining news: January Rio Tinto expects the introduction of battery-electric powered trains in the Pilbara will help them halve their emissions by 2030. They hope the trial will pave the way for its entire fleet of 220 diesel locomotives to go …
St Barbara and Genesis Minerals have announced their merger to create Hoover House, St Barbara will acquire 100% of the shares in Genesis. Genesis shareholders will own 41% of Hoover House, with St Barbara shareholders owning 38%. Hoover House will have a production target of over 300,000oz of gold per annum. St Barbara chair, Tim …
IGO’s Nova Mine will cease operations for several weeks after a fire started in the diesel engine room. No one was injured in the fire, but the West Australian mine safety authorises have launched an investigation into the incident. The mine is located in the Fraser Range, 160km east of Norseman. IGO’s acting chief executive, …
Surbiton Associates has announced Australian gold production for the September 22 quarter is down 9% from the June 22 quarter. The September quarter saw 76 tonnes compared to the 83 tonnes from the June quarter. Surbiton Associates director, Dr Sandra Close said gold production for the quarter is somewhat disappointing and stated “some wet weather …
In Today’s Morning News Bites for September 1. WA motorists face toughest penalties in Australia if caught using mobile phones while driving. Telstra profits slide 15% for FY20, sighting disruption from the pandemic and bush fire crisis. Lefroy report results from Hang Glider Hill and Lucky Strike Gold exploration hubs 50km South-East of Kalgoorlie. Lefroy …
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