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Mining

Rio commences $50m upgrade

Rio Tinto has commenced a $50 million replacement of the iron ore stackers at its Paraburdoo mine, with local engineers and contractors set to benefit from the project.

Flinders, AVZ in ASX clarifications

Two local mining companies have been forced to provide clarifications to the ASX this morning, with Flinders Mines responding to a presentation given by BBI Group, while lithium-focused AVZ Minerals told investors to ignore a Twitter post from one of its strategic advisers.

Swick wins $80m contract extensions

Swick Mining Services has announced two contract extensions worth about $80 million, including a renewal at Northern Star Resources’ Jundee gold mine near Wiluna.

Atlas backs revised Hancock bid

The board of Atlas Iron has unanimously recommended a revised bidder’s statement from Hancock Prospecting, while also announcing the suspension of production at its Mt Dove iron ore mine due to challenging market conditions.

Tanami exercises $20m put option with Northern Star

Tanami Gold says it will exercise a put option forcing Northern Star Resources to buy a 15 per cent stake in the junior miner’s Central Tanami project for $20 million, after the Bill Beament-led company said it had not reached commercial production at the joint venture mine.

Strandline, Arafura appoint DFS consultants

Mineral sands-aspirant Strandline Resources has appointed GR Engineering Services to lead a definitive feasibility study at its Coburn project, while Arafura Resources has signed on Mining Plus and a number of other consultants for a study at the Nolan project.

Atlas hopeful on port rights

The future of Atlas Iron has been further muddied today after the takeover target said the state government had indicated to media it could compromise on its policy regarding development rights at Port Hedland if either Fortescue Metals Group or Hancock Prospecting takes control of the junior miner.

Cranecorp extends reach in tight sector

SPECIAL REPORT: Several acquisitions in the past four years have helped Cranecorp Australia grow into new markets, but the company’s owners still make themselves available to clients to give relationships a personal touch.

FMG confirms Atlas port interest

Three weeks after acquiring a strategic blocking stake in Atlas Iron, Fortescue Metals Group has for the first time confirmed that its main interest in the takeover target is the rights to develop new berths at Port Hedland.

Former Kimberley Diamonds chair acquitted

A NSW District Court has acquitted former Kimberley Diamonds executive chairman Alex Alexander of charges related to the issuing of false or misleading information to the market.

Eckhof resigns from AVZ after share sale

AVZ Minerals has announced the resignation of executive chairman Klaus Eckhof, weeks after he sold off half his stake for $4.4 million, while also signing up Perth-based CPC Engineering to complete a scoping study for its Manono lithium project in the Democratic Republic of Congo.

Pacifico in $4m purchase

Perth-based Pacifico Minerals has announced it will take a 75 per cent stake in the Sorby Hills lead and silver project north of Kununurra in a cash-and-scrip deal worth up to $4.1 million.

Confidence up as explorers win $31m grants

Stavely Minerals, Prodigy Gold, Chalice Gold Mines and St George Mining are among the Western Australian miners that will share in $31 million allocated through the federal government’s Junior Minerals Exploration Incentive announced today.

NRW confident of WA iron ore work

Shares in local contractor NRW Holdings were up 9.2 per cent today after the company said its order book had increased to near record levels of $2.05 billion, while also saying the business was well placed to be involved in Western Australia’s major upcoming iron ore projects.

FMG claims Hancock has misled Atlas investors

The battle for Atlas Iron has taken another twist after Fortescue Metals Group submitted an application to the Takeovers Panel questioning the veracity of the $390 million takeover offer by Gina Rinehart’s Hancock Prospecting.

Miners, farmers could face higher input costs

The federal government has launched an inquiry into cheap imports of ammonium nitrate following an application by three local manufacturers, including Wesfarmers subsidiary CSBP and Orica.

Greenbushes expansion proceeding despite legal threat

Work is continuing on the stage one expansion at Greenbushes lithium mine, according to Talison Lithium, despite the business hitting a legal speed bump in a dispute with Global Advanced Metals.

Orion, Kibaran, Flinders raise $30m

Three junior explorers have announced capital raisings worth up to $29.5 million, with Denis Waddell-led Orion Minerals tapping investors for $17.3 million.

Making friends with machines

While cost savings are one reason for greater automation in workplaces, ever-improving robotic capabilities are hastening the uptake in a range of industries.

Spitfire and Excelsior in $80m merger

Junior gold explorers Spitfire Materials and Excelsior Gold, which own neighbouring projects north of Kalgoorlie, have agreed to a merger, with the new entity worth about $80 million.

Maca announces contracts worth $60m

Perth-based MACA has been awarded a number of new contracts, totalling about $60 million, including a $12 million variation to works at the Gruyere gold project near Laverton.

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