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Mining

Downer EDI JV gets $312 million contract

A joint venture between engineering group Downer EDI and Ausenco has secured a contract for engineering, procurement and construction work at Oz Minerals' Carrapateena copper gold mine project in South Australia.

Tellus waste facility gets EPA approval

The Environmental Protection Authority has recommended conditional approval for Tellus Holdings to develop a clay mine and waste storage facility at its proposed Sandy Ridge project in the Goldfields.

BGC wins BHP contracts

BGC Contracting announced today that it has been awarded two contracts with mining giant BHP Billiton at its Pilbara iron ore facilities.

EPA approval for 80mt South Flank project

The environmental watchdog has given the green light for BHP Billiton’s planned 80 million tonnes per annum South Flank iron ore development, with first ore targeted in 2021.

Zenith to build 15MW power station

Belmont-based Zenith Energy has signed a power purchase agreement to build a 15-megawatt power station at Gascoyne Resources’ Dalgaranga gold project.

Tropicana gold mine set for new phase

The joint owners of the Tropicana gold mine have approved spending of $48 million to underpin a new mining strategy that will see waste material from new pits tipped back into the original open pit mine, delivering increased production and a longer mine life.

Finders major shareholder to reject offer

Finders Resources’ second-largest largest shareholder, Taurus Funds Management, has rejected a 23-cents-a-share bid for the copper miner by Indonesian group Eastern Field Developments.

Byrnecut slams payroll changes

Byrnecut executive chairman Steve Coughlan has slammed the state government’s decision to crack down on payroll tax exemptions, saying his company will no longer receive the exemption for courses being undertaken by 1,200 employees.

Gascoyne locks in $60m debt facility

West Perth-based Gascoyne Resources has secured a $60 million debt facility with two major Australian banks as it aims for its Dalgaranga gold project to be in production in mid-2018.

FMG awards towage contract

Dutch company KOTUG and local subcontractor Westug have been selected to provide towage services for Fortescue Metals Group at Port Hedland, 18 months after the iron ore miner won a tender that broke BHP Billiton’s monopoly at the port.

Incitec Pivot hit by end of BHP contract

Incitec Pivot has warned that its 2020 and 2021 full-year profits will be hit by the end of a contract to supply ammonium nitrate prill to mining giant BHP Billiton.

Kin secures $35m debt facility

Aspiring gold miner KIN Mining has signed a binding term sheet for a $35 million debt package with Canada-based Sprott Private Resource Lending.

Lithium stocks up on funding deals

Shares in junior lithium explorers MetalsTech and Force Commodities have spiked after the companies announced funding and joint venture agreements, while European Lithium will tap investors to progress its lithium project in Austria.

Finders shares stay below Deloitte valuation

Finders Resources has urged its shareholders to reject a takeover bid from Indonesian group Eastern Field Developments after independent expert Deloitte valued the copper miner well above the 23 cents offer price, despite Finders’ share price continuing to hover near that mark.

Six directors sell $75m of shares

Mineral Resources founder Chris Ellison has raised $36.9 million from the sale of some of his shares in the mining services group, adding to a string of big share sales by WA company directors who have cashed in on strong market rallies.

FMG to appeal native title ruling

Fortescue Metals Group will appeal the Federal Court ruling granting exclusive rights to the Yindjibarndi people over Pilbara land where the company operates its Solomon hub, three weeks after the state government welcomed the decision.

Rio appoints new chair, updates strategy

Mining giant Rio Tinto has appointed former Anglo-American Plc executive Simon Thompson as its new chairman to succeed incumbent Jan du Plessis.

European in $20m raising

European Cobalt will raise $20 million through a share placement as the junior miner advances exploration work at its Dobsina copper, nickel, cobalt project in central Slovakia.

Gaines for women at the top

Elizabeth Gaines’ selection last week as the incoming chief executive of Fortescue Metals Group has shot her to the top of a very short list of genuinely powerful women in business in Western Australia. Click through to read more and see our listing of 12 leading WA women in business.

Shareholder pain in Paladin survival plan

Shareholders in uranium miner Paladin Energy will end up owning just 2 per cent of the company under a recapitalisation plan that will include a major debt for equity swap and a $US115 million high yield secured note raising.

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