The surge in iron ore prices over the past three years has delivered some spectacular returns for investors.Fortescue Metals Group – a pure-play iron ore stock – and Mineral Resource
Mining contractor Maca has suffered another blow to its order book, with Sinosteel Midwest Corporation announcing plans to halt operations at its Blue Hills hematite project in the Mid West after failing to gain environmental approval for an expansion.
The Environmental Protection Authority has recommended strict conditional approval of Sinosteel Midwest Corporation's proposal for exploration drilling at its Blue Hills Mungada East hematite project.
In its latest push for greater conservation in mining regions, the Environmental Protection Agency has classified a proposed Mineral Resources iron ore project in the Yilgarn as 'environmentally unacceptable'.
The Environmental Protection Authority has rejected Sinosteel Midwest Corporation's proposal to develop a new mine pit at its Blue Hills Mungada East hematite project due to irreversible environmental consequences.
Welshpool-based contractor MACA has raised its full-year net profit by 12 per cent to $55.4 million despite weather setbacks during the year, and increased revenue by 25.2 per cent to $595.4 million.
Mining contractor MACA remains optimistic about its prospects of revenue growth in financial year 2013, despite losing a significant contract after Focus Minerals halted its Laverton operations earlier this week.
Western Australia's environmental regulator has given Sinosteel Midwest Corporation conditional approval to develop two open pits and associated infrastructure at its $2 billion-plus Weld Range iro
