Finders Resources, the target of a recent takeover bid by Indonesian investment consortium Eastern Field Developments that the former has cited as “opportunistic”, has received the support of a major shareholder, Taurus Funds Management.
Copper company Finders has reported increases in measured, indicated and inferred resources at its Lerokis deposit of up to 34 per cent.
Thiess, CIMIC’s mining services provider, has been awarded a $300 million contract by Kaltim Prima Coal (KPC) to expand operations at the Sangatta coal mine in East Kalimantan, Indonesia.
ASX-listed Finders Resources has received an off-market takeover bid from Eastern Field Developments, valuing the Perth-based Indonesian copper miner at around $178 million.
Thiess has been awarded a $437 million contract at the Gunung Bara Utama (GBU) coal mine in East Kalimantan, Indonesia.
Thiess, CIMIC’s mining services provider, has secured a $300 million contract extension at Harum Energy’s Mahakam Sumber Jaya (MSJ) coal mine in Indonesia.
Major contractor CIMIC Group has sold its stake in Macmahon Holdings, six months after it launched a takeover attempt for the smaller services company.
Poor weather conditions have disrupted Rio Tinto’s performance at its Pilbara iron ore operations in Western Australia during the first quarter of 2017.
The Takeover Panel has decided not to become involved in Cimic’s proposed acquisition of Macmahon Holdings.
The back-and-forth takeover battle between leading contractor Cimic and its target Macmahon Holdings continues as the suitor’s bid edges towards closing next week.
Macmahon Holdings, which is a takeover target of leading contractor Cimic, has signed an agreement for what it calls a “potentially transformational transaction” that raises doubt about its suitor’s acquisition plans.
Macmahon Holdings Limited has announced it has signed a three-year MOU with Indonesia’s PT Amman Mineral Nusa Tenggara. The agreement will see Macmahon assist AMNT to evaluate options to accelerate production from its Batu Hijau copper and gold mine on Sumbawa Island. The parties will also explore options to potentially develop additional deposits in the … Continue reading Macmahon preferred mining contractor for Batu Hijau mine
CIMIC Group’s global mining services provider Thiess has secured $134 million worth of contracts to provide mining solutions to coal mines in Indonesia.
Australian miners are likely to be affected by changes made to Indonesia’s mining policy for exports of minerals including nickel and bauxite.
PT ANTAM has entered a strategic alliance with Newcrest for copper and gold exploration in Indonesia.
Newmont Mining has entered an agreement to sell its interests in PT Newmont Nusa Tenggara (PTNNT), which operates Indonesia’s Batu Hijau copper and gold mine.
Newcrest has resumed mining at its Kencana mine following a ‘geotechnical event’ at the site in February.
BHP has divested its stake in IndoMet Coal, exiting Indonesia completely.
Thiess has won two contracts for work in Australia and Indonesia The group was recently awarded a 14 month contract award for underground mining at BHP’s Nickel West’s Leinster 1A orebody. The Leinster contract is for underground development and sub-level open stoping, and is focused 900 metres underground. It builds upon contracting Thiess is carrying … Continue reading Thiess wins new mining contract, extensions
Woodside has signed a contract with Indonesia’s Pertamina to supply between 500,000 to one million tonnes of LNG each year for 15 to 20 years. The heads of agreement (HoA) will follow after board approvals. According to the US Energy Information Administration, Indonesia’s domestic energy consumption increased by 43 per cent between 2003 and 2013, … Continue reading Woodside strikes deal with Pertamina for nearly 1m tonnes of LNG