Joint venture partners AngloGold Ashanti and Independence Group have unveiled a $46 million plan to lift production and extend the life of the Tropicana gold mine in Western Australia.
Mining contractor Macmahon Holdings has labelled the takeover offer it received from Cimic Group as “inadequate” and “opportunistic”, while advising its shareholders to reject the bid.
Leading contractor CIMIC has strongly criticised the recent financial and operational performance of takeover target Macmahon Holdings.
Mining contractor Macmahon Holdings has dismissed a takeover bid made for the company by CIMIC Group because “it does not represent fair value”.
One of the largest gold discovery in years, the Tropicana mine, has won this year’s Hard Rock Mine award.
A new gas pipeline construction contract has been awarded to Spiecapag Lucas for a line that will run east from Murrin Murrin in Western Australia.
Ill health has forced Independence managing director Chris Bonwick to resign from his position at the company.
Gold miner AngloGold Ashanti has produced first gold from its Tropicana joint venture project ahead of schedule and on budget.
While the gold sector adjusts to deal with a lower commodity price, taking the knife to jobs, operations and budgets, AngloGold Ashanti has had a few of its own issues to contend with. Alex Heber reports.
AngloGold Ashanti and Independence have begun the commissioning stage of the highly prospective Tropicana gold project, and expect first gold next month.
The massive Tropicana gold project has dramatically increased its mineral resources at the site.