Top five mining stories last week

Image: Metals X.

Stay on top of the most popular stories on Australian Mining over the past week, including Metals X’s operation suspension at the Nifty mine in Western Australia.

Metals X suspends operations at Nifty copper mine

Metals X has decided to immediately suspend mining activities at its Nifty copper mine in Western Australia following an operational review, leaving almost 300 people jobless.

The company will process current ore stocks at the Pilbara-based mine during the next week then the mine, processing facilities and infrastructure will be placed on care and maintenance. Read more…

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Millennium Minerals moves into voluntary administration

Millennium Minerals has entered into voluntary administration following months of fund raising efforts to support the Nullagine gold mine in Western Australia.

The gold miner has appointed Deloitte Financial Advisory as its administrators. Read more…

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Rio Tinto commits to $1bn Tom Price iron ore expansion

Rio Tinto will sustain the production capacity of its Pilbara iron ore business in Western Australia after approving a $US749 million ($1 billion) investment in the Greater Tom Price operations.

The investment in the Western Turner Syncline Phase 2 (WTS2) mine will facilitate mining of existing and new deposits, including the construction of a new crusher and a 13-kilometre conveyor. Read more…

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NRW seals deal to acquire BGC Contracting

NRW Holdings has confirmed it will buy BGC Contracting in a transformational deal that gives the target an enterprise value of $310 million.

This acquisition is expected to support NRW’s mining technologies business with an expanded capability and service offering, including specialist industrial engineering, shutdown maintenance and fabrication services. Read more… 

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Adani awards $35m Carmichael contract to Wagners

Wagners has secured the lead contractor role to deliver a quarry operations package worth at least $35 million for the Carmichael project in the Galilee Basin.

According to Adani, Toowoomba-based Wagners will build and operate the quarry, which will be about 160 kilometres outside Clermont. Read more…

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