News Articles for Ron Sayers

Labour shortages are tipped to prove a key theme at Diggers & Dealers this year, amid heightened expectations on environmental, social and governance matters in the resources industry.

Legendary mining entrepreneur Ron Sayers has been remembered as generous, entertaining, and a big-thinking business leader after passing away this morning.

Ian Cochrane, one of Perth's most respected corporate lawyers and company directors, has passed away. Aged just 67 years, Mr Cochrane had been battling cancer for nearly two years.

SPECIAL REPORT: Four prominent WA mining executives took big paydays in 2018.

Opinion: A look at the length of CEO tenure across the sphere of corporate activity points to some interesting parallels, and other key differences.

Ausdrill has announced its first major acquisition since the retirement of founder Ron Sayers last month, with the company set to purchase mining services contractor Barminco in a cash and scrip deal worth $271.5 million, while also announcing a $250 million capital raising.

Mining services contractor Ausdrill has continued its board renewal, including the appointment of its first female director, just weeks after company founder Ron Sayers retired.

Grant Quasha has resigned as managing director and chief executive of Paringa Resources.

Former CIMIC group executive Mark Norwell is set to take the helm at mining services company Ausdrill, replacing founder and chief executive Ron Sayers after 30 years in charge.

Ausdrill has announced plans to sell its telecommunications subsidiary to private group Powerlines Plus (now part of GenusPlus Group), while also agreeing to take a majority stake, along with other investors, in mining technology company HiSeis.

The value of Western Australia-related equity capital markets deals jumped to $4.2 billion in the March quarter, helped to a large degree by a handful of large transactions.

UPDATED: Ausdrill's outgoing managing director Ron Sayers received $101.4 million overnight after selling his 10 per cent stake in the company he founded.

Three local mining contractors have released their half-year results today with mixed outcomes, as Ausdrill posted a big increase in profit while MACA and Swick Mining both registered a decline in profit despite increased revenue.

Former Cricket Australia senior manager Sam Almaliki has been appointed executive director of Activistic.

Ausdrill managing director Ron Sayers has announced his retirement after 30 years at the helm of the mining services company he founded.

Mining services company Ausdrill has received a letter of intent for a three-year contract worth $180 million with Mineral Resources at its Wodgina lithium mine in the Pilbara.

SPECIAL REPORT: The five WA people with the largest holdings in listed companies have earned around $1.5 billion in dividends in the past five years, with Andrew Forrest and Kerry Stokes leading the way. Click through for our list of 50 directors and investors with holdings worth more than $11 billion between them.

Mining services company Ausdrill has secured three contract extensions, highlighted by a two-year, $US108 million ($142 million) deal at the Iduapriem gold mine in Ghana.

Ausdrill's long-serving chairman, Terry O'Connor, has announced he is handing over the reins to his deputy Ian Cochrane later this year, putting to rest a 24-year career with the mining services business.

Mining services business Ausdrill has delivered a solid full-year result on the back of strong performance in its gold operations in Africa, and is targeting further growth in the year ahead.

Mining services company Ausdrill has expanded its partnership with Hockey Australia, while AGL Energy has sponsored the West Coast Eagles as it seeks to lift its profile ahead of its planned entry to the Western Australian gas market.

Macmahon Holdings has unveiled the remuneration package for new chief executive Michael Finnegan, adding to a trend in the contracting sector for lower base salaries but greater potential for bonuses.

Perth-based Ausdrill has been named preferred proponent for a $300 million mining services contract at Toro Gold's Mako project in West Africa.

Shares in mining services business Ausdrill surged on the company's return to profitability and a bullish outlook on the year ahead.

Perth-based Ausdrill has won a $157 million contract to provide mining services to Perseus Mining's Edikan gold mine in Ghana.

Mining services business Ausdrill has sold one of its subsidiaries to a Finnish manufacturer for $66 million.

Western Australia's highest paid mining contractor is set to lose that title, after NRW Holdings joined most of its peers in cutting the salary of its chief executive by 40 per cent.

Mining services company Ausdrill has announced plans to sell its underperforming DT HiLoad truck tray manufacturing business, and is in discussions with several interested parties.

Former corporate lawyer Ian Cochrane has joined the board of Ausdrill as deputy chairman, adding to a suite of board positions on the private companies of some of Perth's wealthiest families.

NRW Holdings chairman Ian Burston has announced plans to step down, while also announcing a remuneration review that will include chief executive Julian Pemberton, whose annual pay is substantially higher than his peers.

Local mining services companies Ausdrill, Emeco Holdings and Lycopodium have posted net losses for the financial year, with lower activity in the resources sector weighing on their pipelines of available work.

Former VDM Group boss Andrew Broad has returned to his former employer, mining services business Ausdrill, and will become its chief operating officer of Australian operations.

Subiaco-based gold company Perseus Mining says it will proceed with plans to develop its Sissingue mine in West Africa, following promising results in a revised feasibility study.

Ausdrill non-executive director Wal King has resigned from his role just three years after joining the company.

Ausdrill announced today that the proceedings in the Supreme Court against its chief executive officer Ron Sayers have been discontinued.

Mining contractor Barminco has been affected by a weaker resources sector but has cut costs to grow its margin on a weaker revenue base.

Perth mining contractor Barminco has won an extension to its contract with miner Western Areas to carry out $190 million of underground mining development and production activities at its Spotted Quoll and Flying Fox nickel mines.

Mining services company Ausdrill may be $8 million out-of-pocket after Western Desert Resources announced it had fallen into the hands of administrators on Friday.

Ausdrill managing director Ron Sayers has been discharged from the Supreme Court today after the jury failed to reach a unanimous verdict on tax evasion charges against himself and former Barminco boss Peter Bartlett – for the second time.

Mining services company Ausdrill has suffered a 148.5 per cent fall in full-year profit to make a loss of $43.9 million, on the back of $77.9 million in write-downs and impairment charges as a result of the diminished outlook for mining services.