A privately-owned mining group owned by a trio of high-profile contractors has gone into voluntary administration owing creditors more than $100 million.
Caravel Minerals will use $7.5 million raised from a share placement to fast-track the development of its namesake copper project in the Wheatbelt while St George Mining is raising $7 million.
GWR Group has confirmed a fatality involving one of its contractor’s trucks, which rolled over on Goldfields Highway yesterday while transporting iron ore to the Port of Geraldton.
NRW Holdings has secured the crushing plant contract for Fortescue Metals Group’s Cloudbreak operation while Pacific Energy is building a battery storage system for the Pilbara miner.
Strandline Resources has contracted Primero Group, now a wholly owned subsidiary of NRW Holdings, to build processing facilities for the $260 million Coburn mineral sands project in WA.
Newcrest Mining has reported a six per cent jump in gold output from its Telfer operations in the Pilbara, despite heavy rainfall during the March quarter.
Fortescue Metals Group has posted a jump in iron ore output, helped by the commissioning of its Eliwana mine in December, while wet weather impacted the Pilbara miner’s quarterly shipments.
Woodside Petroleum executive Fiona Hick has today become the first woman to be appointed president of the Chamber of Minerals and Energy of Western Australia.
GR Engineering Services is set to add $25 million to its full-year revenue, with the purchase of global engineering and technology services firm Mipac.
Mining executive Shankar Madan is suing billionaire Clive Palmer and his company Mineralogy for about $10 million in royalties, after allegedly helping it acquire the Sino Iron tenements 35 years ago.
Treasurer Josh Frydenberg is confident iron ore exports won’t be dented by Australia’s diplomatic battle with China, while spotlighting technology and skilled migration for economic recovery.
Lithium miner Pilbara Minerals has achieved record quarterly production from its Pilgangoora operations in WA while signalling an uptick in demand for spodumene concentrate.
Antipa Minerals has secured $22 million from a share placement, which will be used to fund ongoing exploration across the company’s gold and copper tenements in WA.
Northern Star Resources is on track to meet its full-year targets after posting a jump in quarterly gold sales, underpinned by its recent $5.8 billion acquisition of Saracen Mineral Holdings.
Rio Tinto has reported a slump in quarterly iron ore production and disclosed issues with plant reliability and labour availability but still maintained full-year guidance.
Australian Potash has secured further funding required for the development of its Lake Wells project in WA while asserting the quality of its K-Brite fertiliser product.
Nickel miner Western Areas has posted a 20 per cent rise in quarterly production, as the company looks to bolster its WA operations with the development of its Odysseus project.
Tianqi Lithium has lodged $39 million with the state’s courts after a stay on payments to contractor MSP Engineering was granted, as Tianqi awaits an appeal over a March ruling.
Shares in explorers Rumble Resources and Zenith Minerals have risen sharply after the joint venture announced a major discovery at the Earaheedy zinc-lead project in WA.
