News Articles for Gindalbie Metals

Gold sector listings are pumping millions of dollars into WA's mining industry.

A summary of last week's smaller deals that did not get included in our normal coverage of the daily news.

High-level iron ore, lithium and gold projects set pace for more than 50 developments in fresh commodities boom.

Gindalbie Metals has estimated that shares in its part-owned Karara iron ore project have a negative value in excess of $3.5 billion, as it seeks to convince shareholders to accept a takeover offer.

The board of Gindalbie Metals has recommended shareholders accept a takeover offer from its Karara project partner Ansteel, and has proposed to demerge its wholly-owned subsidiary Coda Minerals.

Communications consultancy Cannings Purple has recruited former Deloitte chairman Keith Jones to succeed Norman Moore when he steps down as chair next month.

Gindalbie Metals has become the first company to announce plans for the use of a new mineral processing technology developed by Curtin University, with initial focus on its Mount Gunson copper-cobalt project in South Australia.

Before the unexpected (and perhaps unsustainable) rise in the price of iron ore, a more interesting trend was developing in the mineral that could put a spring under one of Western Australia's most

Former Karara Mining boss Dale Harris has taken a leading iron ore role at engineering consultancy firm Hatch.

Chief executive salaries in WA are continuing to ratchet down, and companies are seeking more flexibility, a study of nearly 30 new appointments this year has found.

It's the end of the beginning for what had been Western Australia's only remaining major iron ore project under construction, Citic Pacific's Sino Iron, according to chief executive Chen Zeng, as the final two of six magnetite ore processing lines enter production.

The state budget assumes iron ore prices will average about $US47.70 a tonne in the coming financial year, substantially higher that what most forecasters have been tipping, and also includes a $41 million royalty concession for magnetite producers.

Castillo Copper has appointed Nicole Fernandes as a non-executive director and Tim Slate as its joint company secretary.

Global alumina producer Alcoa World Alumina and Chemicals has announced contracts for more than $350 million in bauxite exports, but the ore will not be sourced from any of its Western Australian mines.

Boyd Timler has been appointed as the chief executive officer of Medusa Mining.

Some ill-advised business decisions are coming back to haunt some of well-known local resources players.

ANALYSIS: Rubbery figures and projections aside, WA's iron ore miners are breathing a little easier thanks to improving prices and a favourable exchange rate.

Australia's biggest iron ore miners are expected to slash dividends next month as the price of the steel-making commodity dropped to $US40 a tonne overnight.

Shares in embattled iron ore miner Gindalbie Metals plummeted this morning after the company said attempts to clarify funding arrangements with its joint venture partner had been met with silence.

Gindalbie Metals has gone into a trading halt following a media report suggesting its Chinese majority shareholder and project partner will no longer keep the jointly owned Karara project afloat.

With the iron ore price falling to nearly $US40 per tonne, analysts can't see an end to the pain any time soon.

'Tis the season to be gloomy, that much we know from following financial markets; but an early nominee for the Dr Gloomy prize of the season goes to former ANZ Bank chief economist, Saul Eslake, who said earlier this week that the China-driven mining boom was “the last in human history”.

SPECIAL REPORT: What's next for the iron ore sector, as the final two ‘mega' iron ore projects approach completion in the Pilbara?

Gindalbie Metals is handing over leadership of Karara Mining, with the venture's major shareholder, Chinese steelmaker AnSteel, appointing a new chief executive.

Former Gindalbie Metals boss Tim Netscher has joined the board of uranium miner Toro Energy as a non-executive director, replacing chair Fiona Harris, who is retiring for personal reasons.

Citadel-MAGNUS Perth has appointed Michael Weir as Director – Investor Relations. Michael has previously held senior in-house roles with Emeco Group and Gindalbie Metals, wher

Former Gindalbie Metals managing director Tim Netscher is set to take the helm of gold miner St Barbara, when Colin Wise retires from the role as non-executive chairman next month.

Mid West iron ore miner Karara Mining has completed a $US1.48 billion refinancing of its bank debts, providing a share price boost for its part owner Gindalbie Metals.

Struggling iron ore miner Gindalbie Metals has proposed to turn part of its Badja Station east of Geraldton into a national radioactive waste management facility.

As grim as the iron ore outlook appears for some of WA's smaller miners, the state government, too, stands to lose out amid the sector's upheaval.

Board changes

Iron ore rivals BHP Billiton and Rio Tinto are united in their forecast more high-cost producers will leave the market, but have stopped short of predicting how Western Australia's higher-cost producers will fare over time.

Gindalbie Metals has commenced a review of its strategy and investment options, after reporting that the Karara iron ore project is still not cash flow positive despite achieving a solid lift in production volumes.

Gindalbie Metals chairman Keith Jones has told shareholders at today's annual general meeting that the last twelve months had been “confronting” for the company, and “as close to a perfect storm as one can get”.

Mining equipment provider Emeco Holdings has appointed former Gindalbie Metals head of corporate and investor relations Michael Weir as vice-president of investor relations.

Global private equity group Denham Capital has teamed up with former Karara Mining chief executive Steve Murdoch to establish a venture that will invest in a handful of new and established mining projects.

Melbourne-based gold miner St Barbara has announced plans to appoint former Gindalbie Metals managing director Tim Netscher as chairman, as part of its ongoing board renewal.

As the iron ore majors ramp up production, Fortescue Metals Group has an ace up its sleeve.

The big get bigger and the small get crushed.

Debate over which area in the Mid West should become a Class A nature reserve has heated up as the Environmental Protection Authority increases its calls to preserve an area that Karara Mining wants to mine.