Atlas Iron’s board has unanimously recommended shareholders accept Hancock Prospecting’s $390 million offer for the company in the absence of a superior offer.
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.
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.
Ausdrill’s shares have dropped by a quarter this week due to ongoing contract negotiations regarding the Wodgina project, as well as delays arising from the rock fall at the Kalgoorlie Super Pit in the Goldfields, both in Western Australia.
The Koolyanobbing iron ore operation in Western Australia’s Yilgarn region has found a saviour in Mineral Resources (MinRes).
Diversified mining group Mineral Resources has launched a process to sell up to 49 per cent of the Wodgina lithium project in the Pilbara of Western Australia.
Atlas Iron chairman Eugene Davis has released a statement to shareholders regarding the proposed $280 million scheme of arrangement announced last week with Mineral Resources.
Mineral Resources (MinRes) has secured a deal to acquire iron ore company Atlas Iron through a scheme of arrangement that values the target at around $280 million.
Hexagon Resources and Mineral Resources (MinRes) have today released joint statements via the ASX announcing the completion of Stage 1 funding for their ambitious McIntosh graphite joint venture.
Mining services company Ausdrill has received a letter of intent from miner Mineral Resources for a three-year contract at the Wodgina lithium operation in the Pilbara of Western Australia.
Japanese company Mitsui has confirmed a non-binding proposal to acquire 100 per cent ownership of Australian energy company AWE for a value of $602 million.
Western Australian Environment Minister Stephen Dawson has agreed with the Environmental Protection Authority (EPA) over its findings that the Helena and Aurora Range in the Yilgarn area should be protected from mining.
Mineral Resources, owners of the Mt Marion lithium project in Kalgoorlie, has made a deal with Perth-based company Hazer Group to create a facility for large-scale, high-grade synthetic graphite production.
Western Australia’s Environmental Protection Authority (EPA) has knocked back the development of two iron ore projects in the state.
BBI Group, which is developing the $6 billion Balla Balla infrastructure project in the Pilbara of Western Australia, has secured an agreement to acquire the Weelumurra iron ore asset from Mineral Resources (MinRes).
Western Australia’s Curtin University is collaborating with mining companies at a new $6.7 million research centre to apply world-class science to the rehabilitation of retired mine sites.
Diversified mining group Mineral Resources (MinRes) and tech company Hazer Group are planning to form a joint venture to develop a commercial-scale synthetic graphite plant.
Mineral Resources’ Mt Marion joint venture project in the Western Australian goldfields, sent its first lithium concentrate shipment to China on Tuesday.
The Environmental Protection Authority (EPA) has approved Mineral Resources’ plan to develop a ‘skyrail’ to transport iron ore through the Pilbara.