Top five mining stories last week

Image: Rio Tinto

Stay on top of the most popular stories on Australian Mining over the past week, including the latest major iron ore contract awarded by Rio Tinto in the Pilbara.

Monadelphous wins $100m Rio Tinto contract in Pilbara

Rio Tinto has awarded Monadelphous Group a major contract for fixed plant maintenance services worth more than $100 million.

The mechanical and electrical maintenance will include shutdowns and scaffolding at Rio Tinto’s iron ore operations in the Pilbara region in Western Australia. Read more…

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MinRes to create hundreds of jobs at Yilgarn project

Mineral Resources (MinRes) expects to build a long-life iron ore export business at its Yilgarn project to bring nearly 200 jobs to the Eastern Wheatbelt region of Western Australia.

The company announced a mineral resource totalling 108.6 million tonnes at 56.8 per cent high-value iron at Yilgarn based on feasibility level studies. Read more…

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Rare Argyle diamonds attract bidding bonanza as closure nears

Rio Tinto has showcased a collection of 64 rare pink and red diamonds from the Argyle mine in Western Australia in the 35th tender from the soon-to-be-closed mine.

The company reported “intense global demand” for the rare diamonds, with double digit growth in the number of bids during the tender. Read more…

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ScoMo to cut green tape for major mining projects

Prime Minister Scott Morrison has announced plans that promise to cut complex project approval times from years to months.

The government intends to create a single digital environmental approvals process to help push a large pipeline of major projects forward over the next decade starting with Western Australia, Morrison said during a speech to the Business Council of Australia on Wednesday night. Read more…

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Saracen swoops on Barrick stake in Super Pit for $1.1bn

Saracen Mineral Holdings has emerged as the successful bidder for Barrick Gold’s 50 per cent interest in the Super Pit gold mine in Kalgoorlie, Western Australia.

The transaction, which is expected to complete by the end of this year, is worth $US750 million ($1.1 billion) in cash, down from a 2017 price tag of $1.3 billion. Read more…

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