Mining

Iron Ore Holdings had mixed news for shareholders yesterday, with lower costs likely to bolster its major project but heritage issues causing delays at a second project involving Mineral Resources.

Bis Industries has acquired Queensland-based innovative haulage company Powertrans for $30 million as it prepares to launch a long-awaited initial public offering.

Embattled miner Mirabela Nickel has formally acknowledged “significant uncertainty” about whether it will continue as a going concern, after Canadian regulators issued a ‘cease trade’ order.

Junior oil and gas company Pura Vida Energy has named Jeff Dowling as its new chairman and Ric Malcolm as a non-executive director, with current chairman Bevan Tarratt to resign from the board.

Perth-based junior exploration firm Walkabout Resources says a deal signed last month with coal technology group Coalswana could underpin its four-pronged approach to developing its Takatowane coal de

Ausdrill managing director Ron Sayers says he no longer plans to step down from the role next year, despite the prospect he could face a retrial on tax fraud charges.

BHP Billiton’s annual meeting in Perth today resembled a debate on climate change, with chairman Jac Nasser expressing frustration that the company’s achievements in that field were not being recognised.

Gindalbie Metals says it will continue to purchase iron ore from third parties to make up for a shortfall of concentrator production at its Karara mine, as the company warned shareholders it will need additional capital investment before it can reach capacity at its main magnetite project.

RCR Tomlinson says it's confident its newly acquired infrastructure business will provide significant growth in the year ahead as the company looks to diversify its revenue streams.