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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 West Australia government fears heavy rains could wash polluted water from Alcoa mines into the state’s biggest dam, making the water undrinkable. The US aluminium giant that mines bauxite within 300 metres of the water’s edge at Serpentine Dam changed its methods about five years ago, increasing the risk of sediment flowing into the …
What You Missed in the News This Week
Boss Energy has appointed James Davidson as general manager of its Honeymoon Uranium project and Jacobus van Rooyen as its construction manager. Boss Energy managing director, Duncan Craib said James Davidson “has immense experience across project management and construction, with particular emphasis on uranium metallurgy and operations.” Craib also said “Kobus is a team player, …
What You Missed in the News This Week
St Barbara Minerals released their December quarterly report this week, with disappointing results. Consolidated gold production was down from 63,700oz in the September quarter to 60,976oz. The Leonora operations saw a reduction of gold production from 34,078oz last quarter to 32,175oz. The December quarter from the year before produced 16,462oz more gold than this quarter. …
What you missed in the news this week
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. …
12 Months of Mining Recap
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 …
What You Missed in the News This Week
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, …
What You Missed This Week in the News
BHP has offered Oz Minerals a takeover offer of $28.25/share, including $9.6B, three months after their initial unsolicited offer. BHP offered a$25/share, $8.4m takeover offer in August, which Oz Minerals rejected, saying it failed to properly value the company’s portfolio. The offer comes after the two renewed talks on Thursday, and Oz Minerals board have …
