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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 …
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 …
Morning News Bites – September 11
In Today’s Morning News Bites for September 11. Australian sharemarket opens up weaker, Tiger Airways officially shuts down and people remember the September 11 terror attacks on it’s 18th anniversary. The board of Rio Tinto has reported that by mutual agreement, J-S Jacques will step down from his role as an executive director and Chief Executive …
Morning News Bites – Jul 29
Rio Tinto is set to release it’s half-year profits after market close today, CIMIC Group are in advance talks for a potential sale of a 50% stake in Thiess and the banks instructed to reduce dividends. St Barbara release its Q4 and FY20 report, indicating an increase in gold production from the previous financial year …
Morning News Bites – July 17
Bluescope is conducting a strategic review of its New Zealand Operations, FMG hits record high and Westpac has been served with class action. Magmatic Resources has commenced drilling at Boda North. There is the mobilisation of a second rig and commencement of RC drilling activity at Boda North as RC drilling continues at Lady Ilse, …
Morning News Bites – July 9
After yesterday announcing a 7.5c dividend due next week, Northern Star finished the day up 90c. Busiest month ever for luxury car sales and Test cricket returned overnight. Rio Tinto has announced it will close its New Zealand Aluminium Plant – Tiwai Point Aluminium Smelter. A date of August 31 2021 has been announced as the …
