News Articles

Deals 05 Jun 2014

Clock ticking on Aquila takeover

Aquila Resources will respond to a $1.4 billion joint takeover bid from listed railway operator Aurizon and Chinese steel giant Baosteel within the next two weeks following the dispatch of a bidders' statement today.

Mining 30 May 2014

Miners steel for price uncertainty

The slump in the price of iron-ore to near 20-month lows has failed to halt the development of assets in Australia and overseas, despite ongoing cost cutting across the sector.

Deals 29 May 2014

Aquila takeover gets FIRB all-clear

Chinese steel giant Baosteel and listed railway operator Aurizon have cleared a key hurdle in their $1.4 billion joint takeover bid for Perth-based Aquila Resources, with the Foreign Investment Review Board giving the green light to the proposed deal.

Opinion 15 May 2014

Resources positivity gains currency

It may not be a feeding frenzy, yet, but the flood of deals in the Australian mining industry is a pointer to a significant and very positive mood swing.

Opinion 13 May 2014

China takes new route on ore

The $1.4 billion joint bid by Baosteel and Aurizon for control of Perth-based Aquila Resources marks a new wave of Chinese investment interest in WA's iron ore.

Opinion 09 May 2014

Port push worth pursuing

Two major events last week highlighted the private sector's desire to deliver new port infrastructure, and it's a trend the Barnett government could take even further.

Infrastructure 05 May 2014

Aquila takeover targets $6bn Pilbara project

Continued growth of the Pilbara as an export-focused iron ore province received a huge boost today when Chinese steel giant Baosteel and Australian railway operator Aurizon teamed up to bid for the Perth company behind a $6 billion port and rail project.

Opinion 28 Apr 2014

Rail, port projects could fire next boom

Oakajee is being rejuvenated not so much as a mining project but more as an infrastructure play.

Infrastructure 23 Apr 2014

Govt signs Anketell native title agreement

The state government has signed a native title agreement with the Ngarluma people of the Pilbara over land intended for a deepwater port at Anketell Point.

Mining 14 Apr 2014

Aquila resolves Vale stoush

Aquila Resources says it has resolved its differences with joint venture partner Vale, with the two parties agreeing to the settlement of a long-running legal dispute related to their Eagle Downs coking coal project.

Appointments 17 Feb 2014

Goldsworthy joins Aquila

Denise Goldsworthy has joined Aquila Resources as an independent non-executive director.

Appointments 14 Nov 2013

Netscher replaces Bass at Aquila

Aspiring iron ore miner Aquila Resources has appointed former Gindalbie Metals managing director Tim Netscher to its board as an independent director, while long-serving Aquila non-executive direct

Mining 08 Nov 2013

Austal, Aquila bolster boards

Perth companies Austal and Aquila Resources have bolstered their boards, with the recruitment of two prominent former executives.

Deals 07 Nov 2013

Property players lead wealth creation

Property executives were the big movers in this year's Wealth Creators list, while the resources slowdown put the hurt on mining services directors' fortunes.

Regulation 20 Sep 2013

Aquila turns to court over disputed tenements

Aquila Resources is considering legal action after talks broke down with a South African government-backed company over alleged overlapping mining rights to a manganese deposit in South Africa.

Mining 29 Aug 2013

New projects to bolster mining sector

Mining industry pundits bemoaning the end of the ‘boom' will be pleasantly surprised to know that up to a dozen major projects could go ahead over the coming year.

Video 24 Jun 2013

Daily Video Wrap

Mining 24 Jun 2013

Aquila to reassess QLD coal

The outlook for Aquila Resources' Queensland coal project appears gloomy with the company admitting it has revised its work plan and reduced the workforce.

Financial Services 04 Jun 2013

Bass raises $6.2m from Aquila share sales

Founding director and chairman of Aquila Resources Charles Bass has sold off almost $6.2 million worth of shares, as part of moves that reduced his beneficial interest in the company to 10.7 per ce

Video 29 Apr 2013

Daily Wrap Video - 29/04/2013

Mining 04 Feb 2013

Aquila slumps on continuing budget dispute

Aquila Resources shares slumped today after the company disclosed that it would continue to restrict spending at its ambitious West Pilbara iron ore project to "minimum" levels for the rest of the

Deals 16 Jan 2013

Bolstered Macquarie comes out top in a lean year for corporate finance

Competition in the state's investment banking sector is hotter than ever despite a fall-off in takeover deals and capital raisings last year.

Special Reports 19 Dec 2012

Opportunity lies ahead after slowdown

The upheaval of recent months has obscured the record investment in the resources sector and the big growth in production coming in future years.

Mining 30 Nov 2012

Aquila fails to resolve JV impasse

Aquila Resources has disclosed that it has still not reached agreement with its joint venture partner AMCI on a 2012-13 budget for their West Pilbara iron ore joint venture.

Special Reports 31 Oct 2012

Investment spread eases pain of losses as volatile market bites

The value of shares held by some of the biggest names in mining have slumped along with the companies they lead, but there are pockets of good news in what has been a tough year on the markets.

Mining 10 Sep 2012

Aquila lodges small loss for FY2012

Iron ore and coal miner Aquila Resources has reported a net loss of $238,000 for the year ended June 30, down from a $3.1 million profit in financial year 2011.

Special Reports 29 Aug 2012

Mining construction boom to taper off but still a long way from collapse

At the very end of an extraordinary week, a late announcement from an unlikely source – Transport Minister Troy Buswell – gave one of the few clear signals about future growth in the mining sector.

Mining 13 Aug 2012

Aquila to cut spending on West Pilbara project

Aquila Resources says it is going to slash spending at its West Pilbara iron ore project, as equity capital markets remain tight and clouds of uncertainty swirl around the global economy.

Special Reports 01 Aug 2012

Monadelphous moves up the rankings

A DECADE ago, engineering and construction contractor Monadelphous Group just made it into a listing of the state's 50 largest companies, with a market capitalisaton of $71 million.

Deals 04 Jul 2012

Baulked Beijing and overexuberance may have drained finance sector’s momentum

WITH some experienced campaigners suggesting the current mergers and acquisitions market is the worst they have ever seen, there is plenty of finger pointing to overly exuberant deals of the past f

Mining 05 Jun 2012

Aquila study positive for Pilbara project

Aquila Resources is a step closer to realising its $6 billion West Pilbara iron ore project after studies showed that two mines that would supply the overall development were economically and techn

Special Reports 26 Apr 2012

Ports progress in stages points to an oresome outcome

Huge potential could be added to WA's export terminals capacity over the next decade.

Special Reports 26 Apr 2012

Opportunity knocks for third-party players

Many other companies, from Australia and offshore, are eyeing investments in varied port and rail projects in the state.

Special Reports 04 Apr 2012

Late flurry of deals to $4.16bn help sector shake doldrums

WA's corporate finance sector is getting back to business as a late flurry of deals get the sector warmed up for better year.

Mining 03 Apr 2012

Aquila in surprise $430m coal sale

Aquila Resources says it has secured nearly all of the funding required for the development of its West Pilbara iron ore project, after selling its main coal asset to Japan's Sumitomo Corporation.

Special Reports 28 Mar 2012

It’s up, up and away as expansion hits top gear

Across the Pilbara, in the Mid West, Yilgarn and Great Southern, WA's iron ore sector is planning substantial growth.

Mining 26 Mar 2012

Aquila Resources, Vale resolve differences

Aquila Resources has resolved its legal issues with Brazilian mining giant Vale over the Isaac Plains coal mine in Queensland.

Mining 01 Mar 2012

Aquila negotiates Washpool sale

Aquila Resources says it is in advanced negotiations with an Indian consortium regarding the sale of its Washpool coal project in Queensland but is yet to receive an acceptable offer.

Special Reports 30 Nov 2011

Chairmen aren’t forgotten

THIS year's salary survey shows that it's not just the chief executives at the top end of town who have mouth-watering incomes.

30 Sep 2011

Aquila bolsters books by $250m

Aquila Resources has secured a $250 million, 12 month interim finance facility as it deals with delays in obtaining the main funding for the $6 billion Anketell Point port and West Pilbara iron ore

News Articles for Aquila Resources

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