Mining & Resources
Rio Tinto has agreed to sell its entire interests in the Hail Creek coal mine and the Valeria coal development project to Glencore for $1.7 billion. The transaction – subject to customary conditions precedent being satisfied – will see Rio Tinto sell its 82% interest in the Hail Creek operating mine and its 71.2% interest …
Thiess has earned a three-year contract extension from Anglo American to continue to provide mining services at Dawson South in Queensland’s Bowen Basin. CIMIC Group Chief Executive Officer Michael Wright said the deal, valued at $190 million, will see
Queensland’s resources exports have grown exponentially over the last twelve months according to the latest quarterly figures from the state’s Treasury. Queensland Resources Council (QRC) Chief Executive Ian McFarlane said the sector has been a
Santos and its GLNG partners will invest $900 million in gas developments in Maranoa, Western Downs, Central Highlands and Banana this year. Mines Minister Anthony Lynham said the investment will generate about 400 Queensland construction jobs and boost the
Norway’s Norsk Hydro has made a $345 million binding offer to acquire Rio Tinto’s ISAL smelter in Iceland, as well as the company’s stakes in the Dutch anode facility Aluchemie and the Swedish aluminium fluoride plant Alufluor. Norsk Hydro
Rio Tinto has announced that it is moving to secure “the best solution” for a domestic power supply for the Oyu Tolgoi operation in Mongolia after the Mongolian Government cancelled the Southern Region Power Sector Cooperation Agreement (PSCA).
Australian zinc producer New Century Resources and leading independent oil and gas producer Santos have inked a new deal that will generate 240 jobs and further bolster the Mount Isa’s resources industry. Under the agreement, Santos will supply around 9