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Category - Company Announcements

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...

BMA Australia

New owner takes control of Bowen Basin coal mines

Multiple coal operations have changed hands in Central Queensland’s Isaac region. Stanmore Resources recently seized control of an 80 per cent stake in BHP Mitsui Coal (BMC) for at least US$1...

Prominent Hill mine

Resources giant makes $8B acquisition bid for rival

A multinational mining company is prepared to pay big money to seize control of a “modern” competitor. BHP recently made an $8.3 billion takeover offer for OZ Minerals. The proposed deal...

Maxwell Coal Mine

Underground coal mine receives $94M boost

A resources producer attracted major funding for its flagship coal operation. New Hope Corporation (NHC) recently purchased a 15 per cent stake in Malabar Resources. The deal involved NHC acquiring...

Coal mining QRC

Mining giant sells stake in foreign coal producer

A multinational resources company exited its shareholding in an Asia-backed business. Glencore recently sold a minority stake in Yancoal Australia for $422 million. “Glencore can confirm it has...

MACA workers

Employer recommends $350M acquisition offer

A diversified company approved a major takeover bid from a direct competitor. MACA’s board of directors recently recommended a $350.2 million acquisition offer from rival Thiess...

Wiluna mine

Mine collapses after failing to cover soaring costs

Rising expenses and debt forced a mineral producer into insolvency. Wiluna Mining Corporation recently appointed FTI Consulting senior managing directors Michael Ryan, Kathryn Warwick, Daniel...

WBHO workers

Resources employer pays money owed to axed workers

A foreign-backed mining services company will meet its financial obligations to former employees. One of WBHO Australia’s failed subsidiaries recently agreed to pay full entitlements owed to...

New Hope workers

Central Qld coal mines poised to change hands

Two coal operations could reopen after a mining company raised enough money to complete their purchase in Central Queensland’s Isaac region. Bowen Coking Coal (BCC) successfully secured about...

Mt Arthur mine

Mining giant cancels coal mine sell off

A multinational resources producer will not exit one of its coal businesses after all. BHP confirmed it recently cancelled the sale of New South Wales Energy Coal (NSWEC) because no buyer made a...

BMA Australia

BHP finishes selling off Bowen Basin coal mines

A multinational resources giant divested multiple coal operations in Central Queensland’s Isaac region. BHP recently sold its 80 per cent stake in BHP Mitsui Coal (BMC) to part of Stanmore...