Top five mining stories last week

Image: Downer Group

Stay on top of the most popular stories on Australian Mining over the past week, including Perenti’s interest in Downer EDI’s mining services division.

Perenti mulls over Downer acquisition

Perenti Global has confirmed that it is “giving consideration” to a takeover bid for Downer EDI’s mining services division following media speculation about a potential deal.

Downer announced in December last year that it was reviewing the future of its mining business as the high capital costs outweighed its excellent workers and proven track record. Read more…

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Peabody weighs up North Goonyella sale

Peabody Energy is considering selling the North Goonyella coal mine in Queensland following a move to cut jobs and activities at the site last year.

The United States coal major has commenced a commercial process for North Goonyella after receiving “substantial expressions of interest” in the asset. Read more…

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Tropical Cyclone Damien creeps up on the Pilbara

Mining companies in the Pilbara, Western Australia are on the watch for Tropical Cyclone Damien, which is lurking off the coast of Port Hedland.

Tropical Cyclone Damien was forecast to intensify and turn towards the Pilbara coast today, with gale force winds expected on the Pilbara coast in the afternoon and evening. Read more…

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Rio Tinto to offer suppliers new payment arrangement

Rio Tinto will no longer be offering an accelerated payment option for suppliers requiring shorter payment terms than the agreed 30 days.

The company is working on transitioning agreements for suppliers who are under this option, which represents around 3 per cent of its 10,000 Australian suppliers. Read more…

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NRW wins $70m Iron Bridge contract with Fortescue

NRW has secured a bulk earthworks contract for Fortescue Metals Group’s Iron Bridge magnetite joint venture (JV) project in Western Australia.

The contractor received a green light to commence mobilisation despite a number of outstanding contractual items that need to be finalised. Read more…

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