News Articles for BBI Group

A deal to acquire the Balla Balla infrastructure project in the Pilbara has fallen through after Flinders Mines terminated the proposed transaction with BBI Group.

WA produces a diverse array of minerals, yet one commodity dominates the sector.

The pipeline of big resources projects in WA increasingly features complex processing plants, despite a spate of large cost blowouts on projects currently under way.

Plans to build the $4 billion-plus Balla Balla iron ore project are still progressing, with backers seeking federal environmental approval for a 45 million tonne per annum port facility.

Emerging iron ore company Flinders Mines is looking to raise up to $14.52 million under a non-renounceable rights issue, with the funds primarily used to repay a loan from its major shareholder Todd Corporation.

Flinders Mines has gained shareholder approval to progress its Pilbara iron ore project, following months of questioning from minority shareholders over the role major shareholder Todd Corporation would play in developing the project.

Flinders Mines says it has identified a viable mine plan for its Pilbara iron ore project (PIOP), ahead of a crucial shareholder meeting to approve a joint venture with infrastructure company BBI Group.

Flinders Mines has announced the negotiation of a binding agreement with BBI Group, bringing the aspiring iron ore miner one step closer to pursuing its Pilbara iron ore project.

Minority shareholders in aspiring iron ore miner Flinders Mines expressed frustration at today's AGM over its proposed deal with infrastructure company BBI Group, accusing their board of trying to push through a deal without offering complete details.

Investors have welcomed Flinders Mines entering into a non-binding agreement with the Balla Balla Infrastructure Group, which could deliver the infrastructure and funding needed to help get its stranded Pilbara iron ore project (PIOP) into production.

Flinders Mines is launching legal action in the Supreme Court of Western Australia against the owner of stock forum HotCopper Holdings, seeking details of users alleged to have made defamatory statements in relation to the board and company.

Flinders Mines shareholders have backed the company's new board of directors and the prospects of a strategic review into infrastructure options for its flagship asset, the Pilbara Iron Ore Project.

Many minority shareholders of Flinders Mines have voiced discontent at the conduct of their board.

The $6 billion Balla Balla infrastructure project has experienced two setbacks, with the deadline for meeting its obligations under a State Agreement extended by 18 months and recent exploration work failing to live up to promise.

BCI Minerals has confirmed it is in discussions with multiple parties over the sale of its Pilbara iron ore assets, including three current producers and one aspiring port developer.

Nearly 140 major projects are either under way or planned for WA, new research by Business News has found. Click through to access the new list on the BNiQ Search Engine.

Mineral Resources and Brockman Mining have announced plans to jointly develop a major iron ore mine that will underpin construction of a new rail line and port facilities at Port Hedland.

Two local mining companies have been forced to provide clarifications to the ASX this morning, with Flinders Mines responding to a presentation given by BBI Group, while lithium-focused AVZ Minerals told investors to ignore a Twitter post from one of its strategic advisers.

Grant Thornton has appointed Matthew Hingeley head, audit and assurance.

Flinders Mines is seeking to raise $16 million to advance its Pilbara iron ore project, with the company needing to fund further work to progress the mine to feasibility stage.

Todd Corporation-controlled BBI Group has signed an agreement with a Chinese firm for construction of the $6 billion Balla Balla iron ore project in the Pilbara.

More than $8 billion of greenfields iron ore projects are either proposed or in development, while $450 million of brownfields work is under way as the state's miners plan investments to maintain production.

A final investment decision on the state's next major greenfields iron ore project could come as early as next year, after Balla Balla Infrastructure Group today signed a state agreement with the government for a new transhipment port and rail facility in the Pilbara.

Flinders Mines shares have surged after the Pilbara focused iron ore junior received a $38 million takeover offer from private New Zealand company Todd Corporation, which last year offered to buy Flinders' major project.

Flinders Mines stakeholders have voted against selling the Pilbara iron ore project to private New Zealand company Todd Corporation for $65 million.

Rutila Resources and Lemur Resources have both received ticks of approval by independent experts for their respective off-market takeover offers by foreign bidders.

Private New Zealand company Todd Corporation has launched a takeover bid for Pilbara infrastructure developer Rutila Resources, following news yesterday that it has struck a deal to buy an associated iron ore mine from Flinders Mines.

The owners of two major iron ore developments in the Pilbara have flagged changes to their timetable and ownership structure respectively, as they seek to deal with the sharp fall in iron ore prices.

The Environmental Protection Authority has recommended that Rutila Resources' proposed 205-kilometre railway and conveyor line in the Pilbara, which will be used to support new iron ore mines, should gain ministerial approval.

There are not many mining projects on the cards for WA, but there are still opportunities in the sector for engineers and contractors.

New Zealand-based Todd Corporation has more than doubled its interest in aspiring Pilbara iron ore miner Rutila Resources to 46 per cent, by electing to convert a $5 million loan into ordinary shares.

Two major events last week highlighted the private sector's desire to deliver new port infrastructure, and it's a trend the Barnett government could take even further.

Flinders Mines has announced plans to raise $14.3 million through a share placement and entitlement offer to fund a bankable feasibility study and further exploration on its Pilbara iron ore project.

Aspiring iron ore miners Flinders Mines and Rutila Resources have joined forces, with backing from private New Zealand company Todd Corporation, to assess the development of an integrated rail and port project in the Pilbara.

Mining services company Mineral Resources is close to implementing ambitious plans to develop new transhipment facilities in the Pilbara and in Cockburn Sound to support growth in iron ore exports.

Nicholas Curtis has moved from a non-executive to executive role as chairman of Sydney-based Forge Resources, which owns the Balla Balla magnetite, vanadium and titanium project in the Pilbara.

OF all the listed companies looking to join the ranks of Western Australian iron ore producers, Iron Ore Holdings stands apart.

Forge Resources has picked up $8.5 million by selling a part of its stake in the Balla Balla magnetite iron ore project in the Pilbara to its joint venture partner, New Zealand's Todd Corporation.

Forge Resources' plan to construct a new six million tonne per year iron ore export facility in the Pilbara has been recommended for approval by the state Environmental Protection Authority.