Glencore launches mandatory offer for remaining Minara shares

Trading of shares in nickel miner Minara Resources was suspended on the ASX on Friday as Glencore International launched its compulsory offer for the rest of the company, after obtaining more than 97% shareholding. Glencore made an all-cash offer...

Glencore ups shareholding in Minara to over 90%

International mining house Glencore has taken majority ownership of ASX-listed nickel miner Minara Resources, now holding a 91.46% stake in the company. Earlier this year, Glencore made an all-cash offer of 87c a share to Minara shareholders.

Glencore ups shareholding in Minara

International mining house Glencore has increased its shareholding in Australian nickel miner Minara Resources to 83.91% after Minara’s directors recommended the offer to shareholders. Glencore has now urged Minara shareholders to accept the...

Glencore mulls takeover of Australian nickel miner

International mining house Glencore International said on Wednesday that it would make a power play for ASX-listed nickel miner Minara Resources. Glencore would offer Minara shareholders A$0.87 a share in cash, valuing the Australian company at...

Minara expects lower half-year profit, revenue

Nickel miner Minara Resources said on Monday that its revenue and profit for the six months ended June 30 would likely be lower than the previous corresponding period, as a result of the strong Australian dollar. In a statement to shareholders,...

Western Areas exceeds full-year production target

Nickel miner Western Areas has exceeded its full-year production target by 10%, with output coming in at 32 222 t of nickel. This exceeded the previously announced guidance of 29 000 t for the 2010/11 financial year.

Minara cuts 2011 nickel output guidance

Nickel miner Minara Resources has trimmed its production guidance for 2011 on the back of technical difficulties at its Murrin Murrin operation, in Western Australia. Minara said in a statement that it would now produce some 29 000 t of nickel...

Murrin Murrin production on standby after plant failure

Nickel miner Minara Resources said on Wednesday that the acid plant at its Murrin Murrin nickel/cobalt project remained offline. Minara stopped operations at the Western Australia plant last week after a partial failure of a heat exchanger. The...

Murrin Murrin mine, Australia

An openpit mine situated in Australia.

Technical fault to impact on Murrin Murrin output

Nickel miner Minara Resources on Thursday warned that production at its Murrin Murrin nickel operations, in Western Australia, would be affected by a technical fault. The miner said in a statement that a partial failure of a heat exchanger within...

Coates steps down as Minara chair

ASX-listed nickel producer Minara Resources chairperson Peter Coates will resign with immediate effect, the company announced on Monday. Minara didn't indicate why Coates decided to terminate his contract with the company, after almost three...

Planned shutdown cuts Murrin Murrin nickel/cobalt output

Base-metals-miner Minara Resources on Friday reported a 25% drop in nickel output at its 60%-held Murrin Murrin mine, in Western Australia. The mine produced 6 508 t of nickel in the December quarter, compared with 8 675 t in the same quarter...