African Minerals CEO steps down after 3 yrs

African Minerals surprised the market on Tuesday when it said CEO Alan Watling intended to retire after just three years at the helm, following completion of an early stage in its key Sierra Leone iron-ore project. News of Watling's planned...

UGL wins A$370m in contracts

Diversified services provider UGL has secured A$370-million in new contracts, of which the majority were targeted towards the resources sector. The ASX-listed project house said on Friday that more than A$270-million of the new contracts was in...

Atlas Iron founder Flanagan stands aside in reshuffle

Atlas Iron founder David Flanagan has stepped back from his role as MD, handing over the position to COO Ken Brinsden in a management reshuffle. Flanagan is initially taking up the role of executive chairperson, which means he will retain the...

Diggers & Dealers speakers slam Australia’s mine tax

Gold miner Silverlake Resources said on Wednesday said that the Australian government would likely look to impose further taxes on the mining industry to make up an expected shortfall in its tax figures. Commenting on the mineral resources rent...

Forrest to step down as CEO of Fortescue Metals

Mining personality Andrew Forrest on Wednesday announced that he would resign as the CEO of the company which he founded. The Fortescue Metals board had been looking for a new CEO for the last three years, Forrest said, announcing that...

Brockman wins environmental nod for Marillana project

ASX-listed iron-ore developer Brockman Resources has received the final environmental approval for its Marillana iron-ore project, from Western Australian Environment Minister Bill Marmion. Brockman, which is fighting off a takeover from...

Bellzone hires project director for Guinea iron-ore mine

Aim-listed Bellzone Mining has appointed Bryan Pearce as project director of its flagship Kalia iron-ore mine, in Guinea. Pearce worked for companies such as Fortescue, ExxonMobil, Bechtel and WorleyParsons and joined Bellzone on November 10, the...

BC Iron raises A$18,4m for WA iron-ore JV project

ASX-listed junior BC Iron would raise A$18,4-million through a share placement to fund the development of the Nullagine iron-ore project, in Western Australia. The company has received irrevocable commitments from institutional and sophisticated...

Fortescue shares rise on $2bn funding deal

The share price of Fortescue Metals jumped on the ASX on Monday after the iron-ore miner announced a refinancing strategy over the weekend. The company’s stock rose to A$6,25 a share, from Friday’s closing price of A$5,80 a share, after it...

US investor takes legal action against Fortescue, miner rejects claims

Australian iron-ore-miner Fortescue Metals on Friday rejected claims that it was breaching a 2006 investment agreement with major shareholder Leucadia National. The US-based hedge fund is suing Fortescue and its CEO Andrew Forrest in the Supreme...

Mining tax pushes Australian miners back into crisis – Fortescue

Iron-ore miners Fortescue Metals and Atlas Iron on Wednesday added their voices to the growing number of companies urging voters to consider the economic implications of the proposed mining tax when voting on Saturday. Fortescue CEO Andrew...

Fortescue chair calls for new tax-reform dialogue

ASX-listed Fortescue Metals on Tuesday reiterated its call on the Federal government to scrap the proposed super profits tax (SPT), saying that the tax would harm the mining industry. “It harms the mining industry and especially Fortescue, and...