Incoming Lindian Resources chief executive officer Alwyn Vorster has vowed to bring the company's massive flagship Kangankunde rare earths project in Malawi into construction and operation “as soon as possible”. The experienced rare earths executive, who has a track-record of managing projects through all stages of development, is expected to take up his new post as of this Saturday.
The Supreme Court has rejected the final bid from Perth mining executive Derek Ammon to have the Raffles Hotel bar closed at night over noise complaints.
The Supreme Court has thrown out a claim by former mining executive Derek Ammon, who had complained about the impact of noise at the Raffles hotel on his neighbouring apartment.
BC Iron is branching out of its iron ore focus by spending up to $10.5 million as part of a joint venture with freshly listed sulphate of potash explorer Kalium Lakes.
Alwyn Vorster has joined the board of graphite hopeful Mozambi Resources but will continue in his role as chief executive of API Management, which owns the West Pilbara iron ore project.
Iron ore miner BC Iron has fallen into the red with a net loss of $158.5 million for the financial year, on the back of impairments and falling commodity prices, and has declared no dividend payout.
Small iron ore miners operating in a $70/t environment are struggling, but in a different way so are the majors battling to satisfy investor expectations.
London may seem like an odd place to be picking over the entrails of the world's resources industries, but the title of the Mines and Money conference says it all, really.
BC Iron executive director Alwyn Vorster has resigned from the company's board, following his appointment as general manager iron ore at Baosteel's majority-owned Aquila Resources.
It has been a tough quarter for dealmakers as commodity and share prices slump but some players see promise in the market shake-out. This Special Report includes a fully updated database with 146 deals for the quarter and an updated stockbrokers list.
Iron Ore Holdings confirmed today that its second-largest shareholder 3rd Wave Investors, Brettney and Annie Fogarty's investment vehicle, has accepted BC Iron's $256 million takeover bid for IOH.
BC Iron is one step closer to completing its $256 million takeover bid for the Kerry Stokes-backed Iron Ore Holdings, after major shareholder Australian Capital Equity yesterday accepted the offer.
FEATURE: A stubbornly high dollar, falling prices and high operating costs are combining to exert real pressure on smaller players in the iron ore sector.
Iron ore prices may have softened significantly from about $US130 a tonne during the past year, but that has not stopped local miners ramping up exports.
The iron ore and gold mining industries have served Western Australia well during the past decade, but that does not mean they will do the same job over the next decade, especially if the switch to other minerals evident on world markets gathers pace.
Iron Ore Holdings' Buckland project has been deemed technically and commercially viable following the completion of a feasibility study at a cost of about $30 million.
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.
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.
Iron Ore Holdings has taken another step towards the commencement of its Buckland iron ore project in the Pilbara, gaining environmental approval from the state government for its mine and associated infrastructure and haul roads.
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.
Iron Ore Holdings had mixed news for shareholders yesterday, with lower costs likely to bolster its major project but heritage issues causing delays at a second project involving Mineral Resources.
Iron Ore Holdings is a step closer to kicking off its Iron Valley joint venture with Mineral Resources in the central Pilbara, after receiving approval today from the Department of Mines and Petrol
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.
