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South32 Cannington Mine

Central Qld coal mine sells for up to $200M

A fossil fuel operation will be under new ownership in Queensland’s Isaac region. Stanmore Resources recently agreed to purchase South32’s Eagle Downs Coal Mine in Winchester, 208km...

Avebury mine

Mine collapses after failing to find new owner

Dwindling commodity prices forced a struggling resources operation into receivership. A near 42 per cent drop in nickel spot prices prompted Mallee Resources to transition its Avebury mine into care...

Maxwell Coal Mine

$509M coal project fast tracked

An underground coal operation will be accelerated. New Hope Corporation (NHC) recently purchased up to $105 million of institutional placement equity in Malabar Resources. The amount comprises of a...

Rasp mine

Mineral producer shuts down, sells mine

An equal opportunity employer will close one operation while searching for new owners. CBH Resources recently confirmed it would sell its Rasp mine. Japan-headquartered parent company Toho Zinc...

ArcelorMittal

Underground fire kills 45 coal employees

A resources giant declared a day of mourning, following a subterranean blaze that ended dozens of lives. ArcelorMittal confirmed the company’s entire operations will grieve dozens of recent...

Cadia mine

$29B eight mine acquisitions approved

A mining multinational will become the new owner of multiple operations. United States-headquartered Newmont Corporation recently secured shareholder approval for its $28.8 billion Newcrest Mining...

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