mining - News, Features, and Slideshows

News

• Pluton to raise $4m in SPP

  Tasmanian and WA mining explorer Pluton Resources (ASX:PLV) hopes to raise $4m in a share purchase plan to provide operational funding for a feasibility study

• NRW Holdings announces $780m contract win

  Mining services company NRW Holdings (ASX:NWH) said it had won a contract worth $780m over five years, announced an $80m equity raising and provided an update on its FY11 guidance

• Olea to change focus to gold exploration

  Former olive and olive oil company Olea (ASX:OLE) has signed deals to acquire gold exploration businesses in Africa, and plans to shift its corporate focus to this sector

• Macarthur Coal on the lookout for CIO

  Queensland-based mining company Macarthur Coal is on the hunt for a new CIO, following the recent departure of David Rose.
  

• BHP, partners to invest $12.5b in Aust projects

  Mining giant BHP (ASX:BHP) on Friday revealed plans for around $12.5 billion worth of investments, split between it and its partners, in three Australian projects

• Lynas shares soar on Forge deal

  Shares in rare earths explorer Lynas Corporation (ASX:LYC) grew 7.41% on Wednesday after the company revealed it had agreed to a lucrative deal with Forge Group (ASX:FGE)

• Runge managing director resigns

  Tony Kinnane, managing director of mining technology services company Runge (ASX:RUL) has resigned due to health issues after 20 years in the role

• Lynas signs NTT Australia for global managed network

  Australian rare earths mining company, Lynas Corporation Limited (ASX: LYC), has finalised a global managed network, deployed by NTT Australia to help streamline communications.

• Northern Energy resists takeover bid from New Hope

  Coal explorer Northern Energy (ASX:NEC) has advised its shareholders not to act on a revised $1.85 per share takeover bid from New Hope (ASX:NHC), arguing it still undervalues its assets

• Murchison Metals shares jump 10%

  Murchison Metals shares jump 10%

• Downer EDI wins $900m mining services deal

  Engineering and infrastructure services company Downer EDI (ASX:DOW) has secured a $900m contract to provide services for the Boggabri mine in New South Wales for Idemitsu Australia

• Two energy & resources M&As kyboshed

  Bendigo Mining (ASX:BDG) has called off its merger with BCD Resources (ASX:BCD), and Northern Energy (ASX:NEC) has rejected a $193m takeover offer from New Hope (ASX:NHC)

• Murchison Metals plunges before trading halt

  Murchison Metals (ASX:MMX) dropped as low as $1.51 today before announcing a trading halt, pending an announcement.

• ECSI seeking approval for $2m resources buy

  ECSI Limited (ASX:MBA) will if given shareholder approval change its principal activities to coal coking through the acquisition of Alphacoal Capital for $2m

• QMASTOR (ASX:QMH) FY10 profit shrinks 75%

  Profit at IT company QMASTOR (ASX:QMH) slumped 75% in FY10, due to reduced spending among its mining industry clients