News Articles

Mining 01 May 2019

$163m Nifty copper plan for Metals X

Metals X is planning to spend $163 million to sharpen up the performance of the Nifty copper mine, nearly three years after it bought the Pilbara operation from Indian business Aditya Birla Minerals.

Mining 12 Nov 2018

New CEO for Metals X

Poorly performing copper miner Metals X has appointed Damien Marantelli as its new managing director, with incumbent Warren Hallam and chief operating officer Allan King leaving the company.

Mining 16 Aug 2017

Metals X halts work at Nifty for repairs

Metals X has temporarily suspended underground mining at its Nifty copper operation to undertake repairs.

Deals 10 Aug 2016

Heron to spin-out gold, nickel assets

Heron Resources is the latest company to announce plans to spin-out its non-core assets into a new company, following similar recent movements by Metals X, TNG and Indiana Resources.

Deals 04 Aug 2016

Metals X confirms $115m raising, gold spin-out

Diversified miner Metals X has confirmed a $115.6 million capital raising and plans to demerge its gold assets into a new company, which will be led by existing chief executive Peter Cook.

Financial Services 18 Jul 2016

Lithium, gold stocks lift deal flow

SPECIAL REPORT: Lithium stocks led by Pilbara Minerals and Galaxy Resources have seized the opportunities presented by the commodity's surge.

Deals 26 Apr 2016

Aditya to accept improved Metals X bid

Metals X looks set to succeed in its long-running battle for control of Aditya Birla Minerals, with the takeover target recommending shareholders accept an increased offer that values the company at about $103 million.

Deals 16 Feb 2016

Metals X gains ground on Aditya

Metals X has once again stepped up its pursuit of Aditya Birla Minerals, announcing today that its off-market $68 million takeover offer is now unconditional, with a quarter of Aditya shareholders already accepting the offer.

Deals 15 Jan 2016

Metals X puts pressure on Aditya

The battle for control of Aditya Birla Minerals has intensified, with bidder Metals X extending its $68 million takeover offer to late February while accusing the target of lacking transparency around expenses.

Deals 13 Jan 2016

Metals X steps up Aditya pursuit

Metals X has waived a minimum acceptance condition on its $68 million takeover bid for Aditya Birla Minerals after lifting its holding in the copper miner to 18.24 per cent, less than previously di

Agribusiness 20 Nov 2015

Wellard float gets away

Live cattle exporter Wellard is set to list at $1.39 per share, launching a prospectus to raise close to $300 million to give the business a market capitalisation of almost $560 million.

Deals 26 Oct 2015

Metals X bid for Aditya Birla rejected

Metals X's $82 million takeover offer for embattled copper miner Aditya Birla Minerals won't succeed after the target's largest shareholder said it wouldn't be accepting the offer.

Deals 15 Oct 2015

Metals X bids $86m for Aditya Birla

Perth company Metals X has made a surprise takeover offer for embattled copper miner Aditya Birla Minerals, in a bid which values the target at about $86 million.

Deals 21 Sep 2015

PE funds circle mines

Private equity groups are on track to gain control of two mining operations, after Aditya Birla Minerals sold its mothballed Mt Gordon operation, while Atherton Resources looks set to be acquired in a takeover valued at about $56 million.

Mining 19 Aug 2015

Spalvins, Fogarty attack Aditya

Famed 1980s deal maker John Spalvins and Perth investor Brettney Fogarty pushed today for major changes at embattled copper mine Aditya Birla Minerals, putting dozens of questions to directors and the auditor at a four-hour shareholder meeting.

Mining 12 May 2015

Fatality at Nifty

Copper miner Aditya Birla Minerals has suffered a contractor fatality at its Nifty copper mine in the Great Sandy Desert.

Mining 16 Mar 2015

Tough times seen in CEO salary cuts

Salaries for newly-appointed chief executives at WA-listed companies were down by 20 per cent from the levels prevailing last year, research by Business News has found. Click through to see salary packages for 77 WA chief executives.

Appointments 16 Feb 2015

New Aditya Birla MD, among this week's moves

Board changes

Opinion 19 Jan 2015

Building bridges to India

Successfully doing business in India involves navigating a labyrinthine world usually impenetrable to outsiders.

Mining 04 Nov 2014

Aditya Birla faces $225m impairment

Copper producer Aditya Birla Minerals has flagged impairment charges in the range of $175 million to $225 million in its upcoming half-year financial report, resulting from mining set-backs, potential asset divestments, and devaluation of its heap leach inventory.

Mining 01 Aug 2014

Swick to beat revised target

Drilling company Swick Mining Services has announced it should beat its downgraded guidance for the year in its quarterly update today.

Mining 14 Jul 2014

Nifty mining to resume

Copper producer Aditya Birla Minerals will resume mining activities at its Birla Nifty mine less than four months after it was closed due to a sinkhole.

Mining 07 Jul 2014

Aditya Birla to re-open Nifty mine

The share price of Perth copper producer Aditya Birla Minerals risen 19.5 per cent on the announcement that its Nifty underground copper mine had been cleared to resume operations.

Mining 16 Jun 2014

Lean times for mining services contractors

FEATURE: Mineral Resources has shown the lengths to which mining services companies are willing to go to secure new work in the current flat market.

Mining 09 Jun 2014

Rambal waits for urea moment

Vikas Rambal is pushing ahead with his multi-billion dollar fertiliser plant and pursuing a newfound appetite for property investment.

Mining 13 May 2014

Swick downgrades guidance again

An unscheduled shutdown by one of its key mining clients has forced Swick Mining Services to again lower its revenue guidance, despite a rebound in fleet utilisation.

Mining 30 Apr 2014

Aditya Birla tumbles on mine closure

Perth-based miner Aditya Birla Minerals disclosed today it has stood down the majority of employees at its Nifty copper mine as it continues to investigate suspected ground subsidence.

Appointments 26 Apr 2013

Craig Dawson to lead Noble Mineral Resources

Gold miner Noble Mineral Resources has appointed former Sandfire Resources general manager Craig Dawson as its new chief executive.

Mining 06 Mar 2013

Aditya Birla stops Mt Gordon

Copper producer, Aditya Birla Minerals has halted operations at its Birla Mt Gordon site blaming poor production performance, uncertain economic conditions and a weaker copper price for the decisio

Mining 27 Apr 2010

Aditya Birla higher on $61m profit tip

Shares in Aditya Birla Minerals have risen after the base metals miner today said it expects an annual profit after tax of $61 million, a turnaround from the $76 million loss from the previous year.

Mining 01 May 2009

Aditya Birla posts $76m full-year loss

Perth-based Aditya Birla Minerals has reported a full-year net loss of $76 million as it halted production at two of its operations on the back of lower commodity prices.

Mining 17 Feb 2009

Aditya Birla reveals $112m bill

Miner Aditya Birla says it is exploring various funding options after it revealed it will be hit by $112 million in liabilities on the back of the falling copper price.

Mining 07 Jan 2009

Aditya to save $5m a month from cuts

Perth-based copper miner Aditya Birla expects to save up to $5 million a month after it revealed a raft of cost saving measures in the wake of falling commodity prices.

Energy 22 Jul 2008

Aditya posts fall in copper output

Aditya Birla Minerals Ltd has recorded a 14 per cent drop in total copper output over the June quarter as it remains tight lipped over the impact the state's gas crisis has had on its operations.

16 Mar 2007

Aditya Birla expects break-even or loss for 2006-2007

Delays in the construction of Perth-based copper producer Aditya Birla Minerals Ltd's underground crusher and conveyor project have caused the Indian company's Australian arm to forecast a break-even or marginal loss for this financial year.

11 Apr 2006

Nifty owner Birla plans $300m ASX float

Indian aluminium and copper giant Hindalco Industries Ltd plans to raise almost $300 million through the Australian Stock Exchange listing of Birla Minerals Ltd, the owner of the Nifty copper mine near Telfer, Western Australia.

News Articles for Aditya Birla Minerals

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