Automated water monitoring system Eco Detection, run by local venture capitalist Jefferson Harcourt, has raised $10 million from a UK investment group.
Mining contractor Barminco has announced the recruitment of Thiess executive general manager Paul Muller as its new chief executive, succeeding Peter Stokes who resigned last month.
Mining contractor Barminco will continue providing its services to Western Areas' Flying Fox and Spotted Quoll nickel mines under a $236 million contract extension.
Gresham Investment House-owned mining contractor Barminco has secured a $100 million credit facility and closed a $US350 million bond issue to refinance its bond debt.
Perth-based private mining contractor Barminco has posted a 30.7 per cent rise in operating profit for the 2016 financial year, with the company optimistic about prospects in the gold sector for the year ahead.
Mining contractor Barminco has won a $275 million contract to provide its services to the Northern Star Resources-majority owned Kundana gold mines in the Goldfields.
Mining contractor Barminco has posted a small increase in underlying earnings in the March quarter, as cost reductions and efficiency measures offset a dip in quarterly revenue to $123.9 million.
Sirius Resources has chopped $30 million off the cost of developing its Nova nickel project after getting final prices from contractors, including Barminco, which started work at the remote site east of Norseman this week.
Perth mining contractor Barminco has won an extension to its contract with miner Western Areas to carry out $190 million of underground mining development and production activities at its Spotted Quoll and Flying Fox nickel mines.
Mining contractor Barminco says an initial public offering is off the agenda until at least 2014, as it aims to re-finance its debts over the current financial year.
