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Mining

Atlas asks MinRes to beat Rinehart's offer

Atlas Iron has given ASX-listed rival Mineral Resources three days to respond to the $390 million takeover bid by Gina Rinehart's Hancock Prospecting.

Empire has Supreme Court win

Empire Resources has had a win in the Supreme Court of Western Australia, after an injunction order sought by the company’s joint venture partner, Brimstone, relating to an overdue payment was dismissed today.

Ausdrill announces Sayers' replacement

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.

South32 to pay $1.75bn for Arizona miner

South32 has made a $US1.3 billion ($A1.75 billion) bid to take sole ownership of US-focused Arizona Mining.

Rinehart lobs $390m offer for Atlas Iron

Gina Rinehart-led Hancock Prospecting has proposed a $390 million takeover offer for Atlas Iron, less than a week after purchasing a 19.9 per cent stake in the junior miner.

Decmil extends NZ contract, flags cost pressures

Decmil Group has announced a $NZ125 million ($116 million) contract extension in New Zealand, while also flagging a number of cost pressures expected to impact earnings.

BHP targets 75%+ WA content for South Flank

BHP’s local boss has said more than 75 per cent of work on the new South Flank mine will be sourced within Western Australia, as CPB Contractors announced it had won a $260 million contract on the $4.5 billion project.

EPA backs Albemarle lithium refinery

The environmental watchdog has recommended conditional approval to US-based Albemarle Corporation’s proposed 100,000 tonnes per annum lithium refinery near Bunbury.

Green light for BHP's South Flank

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 loses port development rights

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.

Incitec wins FMG contract

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.

Roy Hill connects to Pilbara power

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.

Ausgold raises $2m

Perth-based Ausgold has tapped investors for $2.4 million to fund continued exploration work at the company’s Katanning project.

Access issues to the fore amid Hedland shipping squeeze

Iron ore exporters are jostling for position as on-water traffic grows at Port Hedland.

Kibaran signs on GR Engineering

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.

MinRes strikes deal for Koolyanobbing

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 joins Atlas fray

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.

CME, Paladin announce new CEOs

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.

Lithium Australia buys $3m German project

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.

Pacific secures 5MW contract

Pacific Energy has secured a contract to build, own and operate a five-megawatt power station at Beacon Mining’s Jaurdi gold project near Kalgoorlie.

Ausdrill slumps on MinRes contract change

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.

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