The $6 billion Balla Balla infrastructure project has experienced two setbacks, with the deadline for meeting its obligations under a State Agreement extended by 18 months and recent exploration work failing to live up to promise.
Echo Resources has signed a letter of intent to award two mining contracts to MACA for its Yandal gold project near Leinster, while also announcing a $6.5 million capital raising backed by major shareholder Northern Star Resources.
Explaurum has asked shareholders to accept an $8 million placement from Alkane Resources on the same day a report from independent expert BDO said a hostile takeover bid from Ramelius Resources undervalued the gold explorer.
A state government report released today on Fifo mental health has prompted an immediate response, with the Chamber of Minerals and Energy of WA and mental health organisation Lifeline WA announcing a new partnership.
thyssenkrupp Industrial Solutions Australia will design and build the world’s largest rail-mounted stackers in Western Australia after winning a $250 million contract for BHP Group’s $4.6 billion South Flank iron ore project.
Valmec has secured $25 million worth of construction contracts, including at Mineral Resources’ Wodgina project, while fellow local contractor Weststar Industrial was awarded a $4 million contract at Rio Tinto’s West Angelas mine near Newman.
Indonesian coal mining group PT Bayan will pay $226 million to acquire the remaining shares in ASX-listed coal play Kangaroo Resources it does not already own, after the Supreme Court of Western Australia approved the takeover deal.
Verdant Minerals has entered into a non-binding agreement for a $160 million debt facility from the Northern Australia Infrastructure Fund, adding to a string of mining projects in recent months to reach a funding agreement with the fund.