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Category - Company Announcements

Rio Tinto hard hats

Mining giant accepts executive resignations

A multinational resources producer approved voluntary terminations of three bosses. Rio Tinto welcomed the resignations of chair Peter Mansell, and independent non-executive ERA directors Paul Dowd...

Eliwana mine

$367M takeover bid declared ‘unconditional’

A mining services company will unquestionably seize control of a competitor. Thiess Group Investments recently confirmed its $367.3 million takeover bid for MACA has become unconditional. This means...

Bengalla Coal Mine

Coal prices could exceed $648 a tonne says mining boss

A resources executive predicted unprecedented fossil fuel valuations could keep breaking records in the New Year. New Hope Group believes thermal coal prices will continue to soar above US$440...

Glencore coal

Coal mine enters receivership with $1B owed

A foreign owned resources operation became insolvent after owing parties more than $1 billion. Deloitte was recently appointed as receivers for Lanco Infratech’s Griffin Coal Mine in Shotts...

BHP CEO Mike Henry

Mining giant approves pay rises

A multinational resources producer will increase employee remuneration. BHP confirmed most of its workers will receive a 4 per cent wage increase while senior management will enjoy a 3 per cent raise...

Lawrie Conway

Pro-migrant mining boss receives pay rise, promotion

A resources executive, who prefers to recruit foreign nationals, was rewarded with more money and a new job title. Evolution Mining recently promoted Lawrie Conway to chief executive officer and...

Mia Gous

New mining bosses vow to improve work conditions

A resources giant promoted two leaders to top senior roles, promising a better employment environment. Newmont Corporation recently appointed Mia Gous as Australia senior vice president, and Alex...

MACA workers

Employer takes over management for $367M

A mining services company completely bought out a competitor. A subsidiary of Thiess recently increased its acquisition bid for MACA by 4.9 per cent to $1.075 a share. The target’s founding...

Glencore coal

Coal boom will continue into 2023 says employer

One fossil fuel will keep enjoying elevated commodity prices well into the New Year, a mineral producer said. Whitehaven Coal expects the value of coal will continue to soar. The company predicts the...

Bengalla Coal Mine

Coal boom makes mineral producer’s earnings soar

A diversified company is enjoying benefits of rising commodity prices. New Hope Corporation recently reported a five-fold increase in earnings due to the coal mining boom. The proponent recorded $645...