A second mining major has given the green light to a big iron ore development in a month, with BHP’s board approving the $4.5 billion South Flank development on Thursday.
Atlas Iron has disclosed it no longer holds exclusive port development rights at Port Hedland that were central to the takeover battle that has involved three mining heavyweights buying shares in the company.
Melbourne-based fertiliser and explosives manufacturers Incitec Pivot and Orica have continued their battle for iron ore contracts in the Pilbara, with Incitec winning a five-year supply deal with Fortescue Metals Group.
Iron ore miner Roy Hill has connected its Port Hedland operations to Horizon Power’s North West Interconnected System following the installation of extensive underground facilities, which began in 2016.
Kibaran Resources has entered into a non-binding letter of intent with GR Engineering Services to negotiate an early works agreement and an engineering and procurement contract for the company’s Epanko graphite project in Tanzania.
Mineral Resources has struck a deal to purchase the Koolyanobbing iron ore mine from US-based Cleveland Cliffs, after getting support from the state government and railway owner Arc Infrastructure for a deal that will save up to 400 jobs around Southern Cross and Esperance.
Gina Rinehart’s Hancock Prospecting has acquired a 19.6 per cent shareholding in takeover target Atlas Iron, joining Mineral Resources and Fortescue Metals Group in the battle for control of the mid-cap iron ore miner.
The Chamber of Minerals and Energy of WA today confirmed the appointment of Paul Everingham as its new chief executive, while uranium miner Paladin Energy has recruited a former Newcrest Mining executive to lead the company.
West Perth-based Lithium Australia has acquired a lithium-tin project in Germany from its joint venture partner Deutsche Rohstoff in a cash and scrip deal worth about $3.1 million.
Shares in Ausdrill slumped more than 20 per cent today after the mining services company said its $180 million contract at Mineral Resources’ Wodgina lithium project was set to halve in value.
A joint venture between indigenous group Njamal Services and Pilbara Resource Group has added to its work book as a sub-contractor to MACA on a major lithium project.
Mineral Resources has agreed to allow takeover target Atlas Iron to enter discussions with other parties, one day after the Andrew Forrest-chaired Fortescue Metals Group purchased a blocking stake in the junior iron ore miner.
Sandfire Resources has reached an agreement to purchase Talisman Mining’s stake in the Springfield joint venture project in the Goldfields region for $72.3 million.
Andrew Forrest-chaired Fortescue Metals Group has taken a surprise 19.9 per cent stake in Atlas Iron, and says it will block the $280 million takeover proposed by diversified mining services business Mineral Resources.
Millennium Minerals has secured a $17.5 million loan facility with Investec to fund an expansion of the company’s Nullagine gold project in the Pilbara.
A joint venture established by global waste management company Veolia and indigenous partner Our Country has been awarded a multi-million dollar contract covering Rio Tinto’s entire Pilbara iron ore operations.
BCI Minerals has released a pre-feasibility study for its Mardie salt and potash project in the Pilbara, with a total capital expenditure of $335 million needed to reach full production.
Perth-based engineering firm Primero Group has appointed company director Mark Connelly as chairman and broking firm Cannacord Genuity as lead manager as its finalises plans for an initial public offering.
AMEC Foster Wheeler Australia has been appointed as study engineer for a pre-feasibility study at Barra Resources and Conico’s Mt Thirsty joint venture project near Norseman.
The federal government has rejected a mining exploration program by Perth-based CI Resources on Christmas Island that would have extended the company’s existing phosphate operations by up to 10 years.
Two junior explorers have announced capital raisings today, with aspiring gold miner KIN Mining tapping investors for $11.3 million while Nzuri Copper has raised $6 million.
Norway-focused Koppar Resources has begun trading positively on its debut on the ASX today, after the company raised $4.5 million via an initial public offering.
Mining-focused technology company Immersive Technologies has the rare distinction of becoming a global leader while retaining local ownership and control.
