Emeco will walk away from underground contract mining after selling its Pit N Portal business to rival Macmahon, in a deal allowing it to focus on underground equipment rental.
Emeco Holdings has announced a new chief executive for its underperforming Pit N Portal division while also renegotiating a major contract with Mincor Resources.
Emeco Holdings has reported a dramatic drop in first-half profit to just $3.3 million on account of weakened coal conditions in the eastern states, despite growing its revenue.
Red 5 will begin open pit production at its Great Western satellite deposit early next year, as the company ramps down operations at its King of the Hills goldmine.
Andrew Forrest-backed Mincor Resources has approved the development of its nickel operations in Western Australia's Kambalda region, identifying first production from December next year.
Emeco Holdings' recently acquired subsidiary Pit N Portal has secured two contracts with Mincor Resources for work on its nickel operations in Western Australia.
Emeco Holdings has expanded its service offering after signing a $72 million agreement to acquire Australian underground mining equipment and services provider, Pit N Portal.
Struggling gold producer Eastern Goldfields has announced a $75 million recapitalisation deal and board overhaul led by private mining services company Adaman Resources.
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.
APTS managing director Paul Newbound describes himself as a typical technician who decided to go into business.“I thought I knew how to run a business, but I didn't,” he admits.
It may seem cliched and hackneyed to sceptical consumers, but many of this year's top entrepreneurs genuinely believe that quality service is the key to their business success.
