News Articles for Indus

Mount Gibson Iron's Shine project in the Mid West could become the fourth iron ore mine to halt operations this month after the company called a trading halt.

Indus has been fined $60,000 and ordered to pay $6,000 in costs after one of its contractors died from a severe reaction to a bee sting.

Specialist civil engineering company Bocol Constructions has been awarded a state government contract to build two 100-metre-high skywalks in Kalbarri national park.

Watpac is considering selling its Perth-based mining division after the company announced it had recently missed out on two major contracts.

The local arm of Watpac has been awarded a $21 million contract for the construction of a bypass on the Great Northern Highway at Miling in the state's Wheatbelt region.

The single largest shareholder in Watpac has struck a deal to acquire a majority stake in the contracting and construction company, which today reported an interim loss of $1.4 million.

Local companies have shared in $35.6 million worth of construction and building contracts for work around the state, including the Perth-based civil and mining division of Watpac Group, which has won a $7.1 million contract for road upgrades at Kalbarri National Park.

SPECIAL REPORT: A record high Australian dollar price in June has provided a tailwind for the state's gold sector, and 2017 is looking to be a similarly positive year.

The local arm of Watpac has won a $45 million contract extension to continue providing mining services to Ramelius Resources' Mt Magnet gold mine.

BC Iron has announced settlement of its dispute with former contractor Watpac, with the settlement including a final payment by BC Iron and its joint venture partner Fortescue Metals Group.

The Perth-based subsidiary of Watpac has won a $38 million contract to provide its services to Silver Lake Resources' Imperial and Majestic gold deposits south of Kalgoorlie.

The legal battle between BC Iron and Watpac Civil & Mining has intensified with the mining services company serving a counterclaim to the iron ore miner and its joint venture partner, now seeking about $52.8 million.

Watpac has revealed the financial impact of a dispute with BC Iron and declining work at Pluton Resources' Cockatoo Island project, including $41.7 million worth of write-downs.

Special Report: Falling commodity prices have led some mining contractors to circle the wagons, but others are cautiously targeting opportunities.

Watpac Civil & Mining and BC Iron have flagged legal action against each other, with Watpac seeking about $12.5 million from the iron ore miner.

Iron ore miner BC Iron has continued its run of cost saving initiatives at its Nullagine operation by awarding a $40 million road haulage contract to QUBE Holdings.

Watpac Civil & Mining has been awarded $89.3 million in contracts in the gold mining and road infrastructure sectors, with the largest being with Chinese-owned company Hanking Gold Mining.

BC Iron has released its quarterly activities report, announcing successes in cutting costs but has foreshadowed a future impairment.

The board of gold miner Ramelius Resources has given its approval to begin mining at the company's Vivien project near Leinster, while also announcing a $10 million facility secured with the Commonwealth Bank of Australia.

Watpac Civil & Mining has won a $17 million contract to provide mining services to Ramelius Resources' Kathleen Valley gold project near Leinster.

Mining services company Viento Group has gone into administration, despite having won major new contracts in the past month with iron ore miners BC Iron and Rio Tinto.

Atlas Iron has launched an extensive review of its operations, finances and possible asset sale opportunities in response to steep falls in the iron ore price.

BC Iron has terminated a mining services contract with Watpac Civil & Mining three months early as it seeks to cut costs at its Nullagine joint venture operation in response to the plunging iron ore price.

The board of iron ore miner Pluton Resources has regained control of the company after its major shareholder, General Nice Resources, retired KordaMentha as receivers yesterday.

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.

Western Australia's newest gold producer, Hanking Gold Mining, expects to lift production to 100,000 ounces in 2015 after approving development of a new underground mine in partnership with local company Pit N Portal Group.

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

Iron ore miner Pluton Resources has settled proceedings against junior secured creditor Rizhao Port Group Logistics, which includes the removal of receivers appointed by Rizhao in disputed circumstances last month.

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.

An uncertain future for Pluton Resources' Cockatoo Island iron ore project has led Watpac Civil & Mining to flag a hit to its net profit of between $2 million and $4 million for the 2015 financial year.

Troubled miner Pluton Resources says its major shareholder General Nice Resources has committed to provide extra funding to recommence operations at the Cockatoo Island iron ore project.

Watpac Civil & Mining says it will resume limited works at Pluton Resources' Cockatoo Island iron ore project following discussions with the troubled miner's receivers, KordaMentha.

Pluton Resources says its major shareholder General Nice Resources has appointed KordaMentha as the company's receivers, after secured creditor Rizhao Port Group Logistics yesterday tried to appoint representatives from FTI Consulting to the same role.

Pluton Resources is in the midst of a battle between creditors, with major shareholder General Nice Resources and secured creditor Rizhao Port Group Logistics fighting over who gets to appoint receivers to the iron ore miner.

Pluton Resources has disclosed that its joint venture partner at the Cockatoo Island iron ore mine wants it removed as manager of the project and has called for it to halt mining operations.

Building firm Watpac has won a contract for the construction of a velodrome in Brisbane for the 2018 Commonwealth Games.

Construction and mining services company Watpac has won a contract to provide services to Hanking Gold Mining's Cornishman pit at its Southern Cross operation.

Former Gindalbie Metals boss Garret Dixon has joined Watpac as a non-executive director, signaling the company's interest in building up the Perth-headquartered mining contracting division of its b

Contractor Watpac Civil & Mining has been appointed by Ramelius Resources to provide mining services at the Coogee open pit gold mine southeast of Kalgoorlie-Boulder.