Sirius Resources has chopped $30 million off the cost of developing its Nova nickel project after getting final prices from contractors, including Barminco, which started work at the remote site east of Norseman this week.
Kerman Contracting will begin building accommodation facilities at Sirius Resources' Nova nickel project near Norseman, two months after being named the preferred contractor for the $23 million job.
Mining contractor Barminco Holdings has taken advantage of the falling Australian dollar to repurchase $US36.9 million of its US high-yield bonds, through a transaction that did not require the use of cash reserves.
Sirius Resources has named the preferred contractors for various works at its $473 million Nova nickel project near Norseman, however contract values have not been disclosed as final terms are yet to be completed.
PYBAR Mining Services is positioning itself to take on the two dominant contractors in underground mining, after making two acquisitions in Western Australia and being named as preferred contractor for a new mine.
Perth mining contractor Barminco has won an extension to its contract with miner Western Areas to carry out $190 million of underground mining development and production activities at its Spotted Quoll and Flying Fox nickel mines.
Former Breakaway Resources managing director Victor Rajasooriar has joined Barminco as chief operating officer, while former AMEC general counsel Louis Mostert has been made Barminco's general coun
Mining services entrepreneurs Peter Bartlett and Ron Sayers face the prospect of a new trial next year after a jury was unable to reach a verdict on tax fraud charges.
The judge presiding over the trial of Barminco co-founder Peter Bartlett and Ausdrill managing director Ron Sayers today ordered the jury to keep deliberating in a bid to reach a verdict.
The jury in the trial of Barminco founder Peter Bartlett and Ausdrill managing director Ron Sayers was granted a request for extra information today as it weighs up the evidence ahead of its verdict.
Business News for Western Australia. Wednesday July 31. Shanna Crispin reports. Murray & Roberts makes takeover offer for Clough .Western Areas warns of million dollar hit. AHG expands New Zealand footprint and more.
A slowdown in the mining sector could have positive flow-on effects for employers in other industries, Business News' annual survey of the state's 100 largest employers has found.
Just under 40 jobs are set to go as international gold miner Gold Fields makes the move from owner-operated mining to a contracting model at its Agnew underground mine east of Kalgoorlie.
Northern Star Resources' Bill Beament is this year's 40under40 First Amongst Equals, heading off strong competition from the three other finalists -Julie Shuttleworth, Steve Gostlow, and Phil Britten.
Mining contractor Barminco says an initial public offering is off the agenda until at least 2014, as it aims to re-finance its debts over the current financial year.
Underground mining specialist Barminco has met all the forecasts it put in last year's draft prospectus but says it is unlikely to revive plans for a stockmarket float for at least two years.
The rapid expansion of the WA mining industry over the past decade has mostly been good news for mining contractors, but the benefits have not always come as expected.
OFTEN overlooked in the chest-thumping world of corporate finance are the accounting firms that perform many of the transactional elements of each deal.
IN what is viewed as a tough market for floats, a number of smaller initial public offerings have forged ahead with their plans to list on the Australian Securities Exchange.
PRIVATE equity group Archer Capital has emerged rapidly this year to become one of the largest investors in Western Australia, following its purchase of the company behind the Chicken Treat and Red Rooster fast food chains.
