Kirkland Lake Gold’s Fosterville gold mine in Victoria has won the 2018 Australian Mining Prospect Awards Mine of the Year.
Civmec’s focus on strengthening its maintenance service offering has paid off with the award of contracts from a number of leading Australian mining companies.
Hancock Prospecting has increased its offer price to Atlas Iron, from 4.2 cents to 4.45 cents per Atlas share, in an attempt to secure at least 87 per cent voting power in the junior miner.
Pilbara-focused junior BCI Minerals has launched a divestment process for its portfolio of iron ore assets projects in the Western Australian region.
Fortescue Metals Group’s financial performance has slumped as China has focused on using high-grade iron ore at its steel mills.
Fortescue Metals Group expects the relocatable conveyor system it has operating in the Pilbara will replace a dozen trucks once it is fully operational.
Fortescue Metals Group has set a new record for iron ore shipments of 46.5 million tonnes (Mt) in the June quarter, a 20 per cent increase that brought it to its full-year shipment target of 170Mt.
The Takeovers Panel will not take action following an application from a Fortescue Metals Group subsidiary to conduct proceedings into the takeover of Atlas Iron.
Atlas Iron has reinforced its position as a potential developer of export facilities at Port Hedland, saying it has no exclusive rights at the major Western Australian iron ore port in this regard.
Fortescue Metals Group has raised concerns about “misleading statements” in Hancock Prospecting’s bidder’s statement for its proposed $390 million acquisition of Atlas Iron.
FMG Amanda, the second iron ore carrier to join Fortescue Metals Group’s fleet this year, has arrived in Port Hedland, Western Australia.
Fortescue Metals Group has launched operation of a relocatable conveyor system at the Cloudbreak iron ore mine in the Pilbara, Western Australia.
Mineral Resources is out of the takeover tussle for junior miner Atlas Iron after it decided not to make a counter offer to the $390 million bid by a Hancock Prospecting subsidiary.
Atlas Iron has received a $390 million off-market takeover bid from Redstone Corporation, a subsidiary of Gina Rinehart’s Hancock Prospecting.
Roy Hill and Fortescue are working to improve operations and reduce environmental footprint by deploying one of the first national trials to protect threatened native species in the Pilbara region.
Fortescue Metals Group boasts 50 per cent female representation on their board, while major players BHP Billiton, Rio Tinto and OZ Minerals all seat multiple female board members.
Incitec Pivot business, Dyno Nobel, has been awarded an explosives products and services supply contract with Fortescue Metals Group in the Pilbara, Western Australia.
Fortescue Metals Group (FMG) is to acquire a 15 per cent stake in Atlas Iron, in a blow to Mineral Resources’ $280 million takeover bid for the company.
Fortescue Metals Group has given development of the Eliwana iron ore mine and rail project in the Pilbara in Western Australia the green light.
Fortescue Metals Group will repay another $US160 million ($211.3 million) of its debt next month.