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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 …
What You Missed in the News This Week
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 …
What You Missed in the News This Week
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. …
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. …
