Iron ore miner Gindalbie Metals has extended its finance facility for its Karara magnetite project in the Mid West by three years and an additional $US400 million ($428 million).
Construction contractor Brierty has announced a full-year profit of $9.9 million, a 3 per cent fall from $10.2 million last year, after meeting revenue expectations of $251.1 million.
Welshpool-based contractor MACA has launched a $90 million contract with Karara Mining over its Hinge direct shipping ore project in the Midwest region of Western Australia.
LandCorp has placed a 4.55-hectare parcel of industrial land near Geraldton on the market, in an effort to meet rising demand from businesses seeking large plots of land near the Mid West city.
The owners of the Karara iron ore project have transfered Gindalbie Metals boss Dale Harris to a chief executive role at Karara Mining, in an apparent bid to bring the trouble-plagued project back on track.
Chinese steelmaker Ansteel has taken majority ownership of the Karara iron ore project, lifting its stake above that of Gindalbie Metals after converting shareholder loans to new equity in Karara Mining.
Maintenance and construction contractor AusGroup has returned to the black in the December quarter, with a tax credit offsetting the adverse impact of falling revenue.
Gindalbie Metals says it will continue to purchase iron ore from third parties to make up for a shortfall of concentrator production at its Karara mine, as the company warned shareholders it will need additional capital investment before it can reach capacity at its main magnetite project.
Chinese steelmaker Ansteel is set to provide a further $US230 million injection of working capital into the Karara iron ore project in the Mid West, in a deal that would dilute Gindalbie Metals' stake in the project to as little as 38 per cent.
Gindalbie Metals shares slipped on the ASX today after the iron ore producer said it would need extra working capital to see out the end of the year, having run into more issues at its Karara proje
Mining industry pundits bemoaning the end of the ‘boom' will be pleasantly surprised to know that up to a dozen major projects could go ahead over the coming year.
Contracting group Brierty's shares have jumped after it booked a record net profit for financial year 2013, a result it says was driven by its diversity of operations.
Karara Mining has promoted chief financial officer Paul Sims to the newly combined role of chief executive officer and CEO, following CEO Steve Murdoch's (pictured) resignation.
Gindalbie Metals has received an $84 million cash injection from its joint venture partner Ansteel, to cover its working capital requirements at the Karara iron ore mine in the Mid West.
Construction contractor AusGroup has taken legal action against Mid West iron ore miner Karara Mining, suing the joint venture today after securing an injunction in secret hearings yesterday to pre
Chinese steel producer Ansteel will take majority ownership of the Karara iron ore project in the Mid West, after its local partner Gindalbie Metals struck a financing deal to help it through the p
Two contractors on Gindalbie Resources' recently commissioned Karara iron ore project have been hit by contractual disputes, with one contractor initiating legal action this week.
Gindalbie Metals has secured an agreement for a second $30 million loan from its joint venture partner in the Karara magnetite iron ore development, after delays in the project's production ramp up
THE Karara iron ore project has confirmed the high local content that can be achieved on major resources developments, with more than 90 per cent of total spending awarded to Australian suppliers.
WHILE the recent period of engagement with China goes back 40 years in diplomatic terms, and well into the 1980s at a trade level, there are plenty of cautionary tales from those doing regular busi
MID West iron ore projects have the potential to produce 67 million tonnes of iron ore per year, earning the state annualised royalties in the range of $42 million.
Gindalbie Metals and Western Power have finalised funding and access arrangements for an electricity transmission project in the Mid West, moving the $380 million Mid West Energy Project (MWEP) clo
Iron ore producer Gindalbie Metals and freight haulage business QR National Freight have announced the signing of a billion dollar Rail Haulage Agreement for the Karara Iron Ore Project in Western Australia.
Shares in Gindalbie Metals shot up more than nine per cent after the company announced an expansion of its Karara iron ore project and the appointment of a new chief executive.
Gindalbie Metals has received final regulatory approval for the Karara Iron Ore Project allowing it to complete the initial drawdown under the US$1.2 billion Project Loan Facility.
The construction of the Karara iron ore railway in the state's Mid-West is a step closer after State Parliament passed the Railway (Tilley to Karara) Bill 2010.
Gindalbie Metals plans to tap the market for up to $206 million to fund its Karara iron ore joint venture, days after it announced a capital cost increase at the Mid West project.
The capital cost of stage one of Gindalbie Metals' Karara iron ore project in the Mid West has risen by 20 per cent after accounting for increases to the operation's scope and infrastructure capacity.
Civil and mining contractor NRW Holdings has won a $120 million contract from Gindalbie Metals for staged earthworks and concrete construction at the Karara iron ore project in the Mid West.
Gindalbie Metals has today awarded two, key project management and construction services contracts, valued at a combined $140 million, for its Karara iron ore project to WorleyParsons and AMEC Minproc.
Construction is officially underway at Gindalbie Metal's $1.8 billion Karara iron ore project in the Mid West following an official ground-breaking ceremony held on site this morning attended by Premier Colin Barnett.
