Recently established Indonesian copper consortium Eastern Field Developments has announced that its shareholding in Finders Resources is now over 50 per cent, making it the majority shareholder.
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Gold mine production edges higher in 2017
Global gold mine production finished 2017 fractionally higher than the previous year, according to the World Gold Council (WGC).
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Major Finders shareholder rejects Eastern Field takeover offer
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.
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Finders upgrades Lerokis deposit resources by 34%
Copper company Finders has reported increases in measured, indicated and inferred resources at its Lerokis deposit of up to 34 per cent.
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Thiess wins $300m coal contract
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.
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Finders becomes takeover target for Indonesian shareholders
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.
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Thiess secures $437m coal contract
Thiess has been awarded a $437 million contract at the Gunung Bara Utama (GBU) coal mine in East Kalimantan, Indonesia.
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Thiess bags $300m contract extension
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.
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CIMIC offloads Macmahon shares after failed takeover attempt
Major contractor CIMIC Group has sold its stake in Macmahon Holdings, six months after it launched a takeover attempt for the smaller services company.
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Disruptive weather hits Rio Tinto iron ore operations
Poor weather conditions have disrupted Rio Tinto’s performance at its Pilbara iron ore operations in Western Australia during the first quarter of 2017.
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Takeovers Panel clears the way for Macmahon Indonesian deal
The Takeover Panel has decided not to become involved in Cimic’s proposed acquisition of Macmahon Holdings.
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CIMIC takeover tussle with Macmahon intensifies
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.
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Macmahon reveals Indonesian contract, acquisition of mine assets
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.
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Macmahon preferred mining contractor for Batu Hijau mine
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
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Thiess wins $134m of mining contracts in Indonesia
CIMIC Group’s global mining services provider Thiess has secured $134 million worth of contracts to provide mining solutions to coal mines in Indonesia.
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New Indonesian mining laws to impact Australian nickel companies
Australian miners are likely to be affected by changes made to Indonesia’s mining policy for exports of minerals including nickel and bauxite.
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Newcrest partners with Antam for Indonesia exploration
PT ANTAM has entered a strategic alliance with Newcrest for copper and gold exploration in Indonesia.
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Newmont divests $1.3bn Indonesian mine
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.
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Newcrest resumes mining at Kencana
Newcrest has resumed mining at its Kencana mine following a ‘geotechnical event’ at the site in February.
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BHP exits Indonesian coal asset
BHP has divested its stake in IndoMet Coal, exiting Indonesia completely.
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