News Articles for MMG

Soil sampling by WA-based explorer Alma Metals at its Briggs project in Queensland has expanded its soil copper anomaly out to 2300m long and 1000m wide, with readings of more than 500 parts per million copper. Management says the work has allowed it to revise its target of 480 million tonnes to 880 million tonnes at between 0.20 per cent and 0.30 per cent copper.

Perenti has confirmed that two of its employees, previously missing Barminco miners, have been killed after an incident at the Dugald River Underground mine in Queensland.

Recovery crews have been working through the night to access the location where two miners are believed trapped after a collapse at a north Queensland mine.

Two Barminco miners are missing after an incident at MMG's Dugald River underground zinc mine in Queensland.

Perenti subsidiary Barminco has secured $540 million in contracts this month, with its most recent award being an extension of works with Melbourne-based MMG.

The last 10 days of 2016 were a busy period for WA corporate deals, with the Rae family attracting a bumper price for its Gull New Zealand business, Chinese group MMG selling the Golden Grove mine, Diploma Group going into receivership and seven new listings on the ASX.

Private mining contractor Barminco has secured more work with Melbourne-based MMG, announcing a contract renewal worth up to $270 million.

Perth-based concrete construction group Whittens has won a contract to provide its services to MMG's Dugald River zinc project in Queensland.

Engineering and infrastructure group RCR Tomlinson has won two major packages of work, including a $35 million contract on Rio Tinto's Cape Lambert power station.

Hong Kong-listed MMG is farming-in to Segue Resources' Plumridge nickel project in the Fraser Range, in a deal worth $14 million.

FEATURE: The June quarter presented a broad range of transactions for corporate players, however a noticeable lack of direction remains.

Perth-based private company QCG Resources has announced plans to raise up to $60 million in an initial public offering to fund its purchase of the mothballed Avebury nickel mine in Tasmania.

Perth-based private company QCG Resources has agreed to purchase the mothballed Avesbury nickel mine in Tasmania from Chinese-controlled miner MMG for $40 million.

Swick Mining Services has been awarded contracts for underground diamond coring at MMG's Golden Grove and Rosebery mines.

IMX Resources has taken a major step towards making the transition from explorer to producer, announcing today a $US60 million joint venture exploration agreement with Hong Kong resources group MMG

Forge Group has lost a $290 million contract after Chinese-controlled miner MMG ceased work at its Dugald River project in Queensland.

Peter Johnston has stood down as chairman of the Minerals Council of Australia, after holding the position for three years, to focus on his new role as Glencore's head of nickel assets.

Western Australian firm Forge Group has been awarded a contract to design and construct a zinc-lead-silver concentrator and associated plant facilities at MMG's Dugald River project in Queensland.