Rio Tinto is selling its stake in Guinea’s Simandou iron ore mine to Chinalco in a deal that will be worth between $1.1 billion and $1.3 billion. Rio was the highest shareholder with 46.6 per cent ownership. The Chinese-owned Chinalco has 41.3 per cent, with the buyout giving them a majority ownership of 87.9 per … Continue reading Rio Tinto selling stake in Simandou to China
Komatsu and GE have announced a ten-year partnership agreement to provide electrical remanufacturing services for mining equipment and vehicles. At Komatsu’s Welshpool facility in Perth, GE will apply expertise to the remanufacturing of wheel motors, alternators and grid blowers for Komatsu mining trucks through Komatsu Reman. Together with GE, Komatsu will improve its Reman build … Continue reading GE and Komatsu announce extended 10-year partnership
Iceland is drilling into volcanoes to tap the energy created by magma, which could act as an innovative new form of renewable energy. The Iceland Deep Drilling Project (IDDP) is currently drilling five kilometres below Reykjanes in south-western Iceland, along a tectonic fault line. At this depth, magma that moves underground through volcanic activity mixes … Continue reading Iceland finds powerful energy source in volcanoes
Decmil Group has secured a contract to build the airstrip for Sino Iron at Cape Preston.
BHP has awarded a five-year freight contract to transport and logistics supplier Centurion, which will cover BHP Billiton’s Nickel West sites.
Amec Foster Wheeler’s subsidiary, MDM Technical Africa, has won a contract for the world’s only under construction uranium mine.
Contractor Hughes Drilling has appointed McGrathNicol as administrators.
GR Engineering has won an EPC contract for Eastern Goldfields’ 1.2 mtpa Davyhurst processing facility.
Macmahon has been fined $75,000 for the death of a worker at Glencore’s CSA copper mine.
CIMIC’s Thiess and Sedgman subsidiaries have won $105 million worth of Queensland coal contract extensions.
A WA worker has been burnt in a low voltage switchboard arc flash incident.
Metso has signed a deal with Codelco to aid the transformation of the enormous Chuquicamata mine from open cut to underground.
RCR Tomlinson has been awarded a contract to provide materials handling systems at Rio Tinto’s Silvergrass mine.
Downer has secured a four year contract extension with Karara Mining until March 2022
Lyocpodium has won a $38.4 million contractor for the delivery of the Sissingue gold project.
Ausdrill subsidiary African Mining Services (AMS) has signed a contract with Perseus Mining for added mining works at Ghana’s Edikan Gold Mine.
Rio Tinto Iron Ore’s decision to use contractors for all external hires from now on will have impacts felt well beyond the pit.
Lycopodium has been awarded a $68.5 million EPC processing plant contract from Toro Gold.
Rio Tinto has announced it will now only hire contract labour for its iron ore operations.
Contractor Crushing Services International has been fined after a work was seriously burned in an arc flash incident.