The top five mining stories last week

Ausdrill in the Pilbara.

Stay on top of the most read articles on the Australian Mining website over the past week, starting with contractor Ausdrill revealing illegal activity by an employee at the company.

Ausdrill discovers $10m ‘long-term sophisticated’ fraud

Ausdrill has uncovered fraudulent activities relating to an “unrelated invalid supplier” and is working with police to investigate further.

The mining services company believes an Australian-based employee has authorised payments totalling around $10 million to a supplier that did not exist for over eight years. Read more…

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Aeris takeover bid for Glencore mine falls through

Aeris Resources was unable to come to agreeable terms with Glencore regarding its proposed takeover offer for the CSA copper mine in Cobar in New South Wales.

The company stated it would not be going ahead with the purchase but would continue to focus on its existing projects. Read more…

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Rio Tinto, BHP copper project investment tops $2bn

Rio Tinto has committed a further $302 million in advancing its Resolution copper project in Arizona, United States, taking the project’s total investment to over $2 billion.

The project is well advancing to the final stage of its permitting phase, and when fully operational, has the potential to supply nearly 25 per cent of the United States copper demand. Read more…

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Rio Tinto awards Koodaideri contract to WorleyParsons

WorleyParsons has won a contract to perform engineering, procurement and construction management (EPCM) services at Rio Tinto’s Koodaideri iron ore project.

The contract follows the completion of a detailed engineering study for the Koodaideri project, located in the Pilbara region of Western Australia. Read more…

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Hillgrove to transition Kanmantoo to hydro energy project

Hillgrove Resources is set to transform its Kanmantoo open pit mine into a pumped hydro facility in the Adelaide Hills region of South Australia.

Mining at Kanmantoo, which had its mine life was extended from 2016 to 2019 nearly five years ago, has been winding down. Read more…

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