Winners of the Australian Bulk Handling Awards

The Australian Bulk Handling Awards was held in Melbourne last night and recognises the outstanding achievements and successes of companies across the bulk solids handling sector. The results and nominations from the night are as follows, with the winners in bold: Award category: Innovative TechnologySmart Stockyard Management System: MRA EngineeringK-Dynamic Impact Idler: Kinder AustraliaLizard Mobile Stacking Bridge: thyssenkrupp Industrial SolutionsNorthConnex High Angle Conveyors: KomatsuPROKOMPOSITE: PROK Conveyor Components Dust control technology, application or practiseDecant Obsidian: Floveyor Pty LtdMile End plant: Hallett Concrete“The Essential Seal”: Kinder Australia Excellence in the application of…

Whitehaven increases stake in Narrabri through EDF acquisition

Whitehaven Coal is set to acquire EDF Trading Australia for US$72 million ($106.5 million), allowing the company to increase its stake in the Narrabri mine in New South Wales. EDF owns a 7.5 per cent interest in the Whitehaven-operated Narrabri operation, with Whitehaven’s interest to increase to 77.5 per cent following the completion of the agreement. For Whitehaven, the acquisition represents an attractive opportunity to increase its majority stake in a “world-class underground asset.” It also anticipates the deal will further consolidate the company’s position in the Gunnedah Basin where…

SKF marks a century for leading bearing solution

The spherical roller bearing, which helps engineers accommodate heavy radial and axial loads in applications prone to misalignment or shaft deflections, celebrates its 100th birthday this year. Originally developed by SKF engineer Arvid Palmgren in 1919, the spherical roller bearing (SRB) has made its mark worldwide in the century since. Created to complement the self-aligning ball bearing, due to its ability to accommodate misalignment under heavy loads, the initial SKF design has become part of the largest family of products in the industry. On the fabled Las Vegas Strip in…

Wesfarmers shuts door on Lynas bid

Wesfarmers has walked away from its $1.5 billion takeover offer for Lynas Corporation. Initially, Wesfarmers proposed to acquire Lynas for $2.25 a share, an offer that was swiftly rejected by the target’s board. Even though Lynas has been granted permission to continue operating in Malaysia, a key condition of the deal, Wesfarmers has decided not to proceed with the proposal following the backlash. Wesfarmers managing director Rob Scott said, “Wesfarmers remains focussed on delivering value to its shareholders through disciplined capital allocation within our division and when considering new investments.”…

Australia to target India as biggest potential coal market

India has been flagged as the market with the greatest potential for Australia’s thermal coal, as the country continues its consumption of the commodity in order to meet increasing energy requirements. The potential of the Indian market was revealed in the office of the chief economist’s Coal in India 2019 report, which examines the future of thermal coal in India, its future import requirements and implications for Australian exporters. As the world’s third largest energy consumer and second largest thermal coal importer, India stands as an appealing market for Australian…

BHP builds South Flank accommodation capacity

BHP has upgraded and expanded its Mulla Mulla accommodation village in the Pilbara so it can house five times the number of occupants. The $150 million village expansion included development of an extra 2000 rooms, as well as sports and recreational facilities to support the $US3.4 billion ($4.6 billion) South Flank project. Mulla Mulla, which opened in 2003, initially housed 500 workers for BHP’s operations. It will now accommodate 2500 construction workers for South Flank. BHP awarded a contract extension to Decmil Australia to expand the Mulla Mulla village last…

MinRes sets long-term path with $850m investment in growth

Mineral Resources (MinRes) has described the past financial year as “the most significant” in the company’s history. The company’s ramp up of the Koolyanobbing iron ore mine in Western Australia, coupled with contributions from external contracts, has driven a 39 per cent growth in earnings before interest, tax, depreciation and amortisation (EBITDA) in the second half of the 2019 financial year. MinRes’ iron ore exports have also increased by 14 per cent on the previous financial year, totalling 10.6 million wet tonnes. In the company’s lithium portfolio, MinRes is set…

A guide to AIMEX

AIMEX will offer the strongest line-up of suppliers and speakers in recent history when it takes place at the Sydney Showgrounds from August 27-29. Australian Mining caught up with AIMEX exhibition director Brandon Ward to provide you with the ultimate guide for attending the event. Discover the latest technology From mining and extracting and materials handling, to automation and minerals processing, AIMEX provides unparalleled opportunity for visitors to connect and interact with companies and their products. More than 500 companies are set to showcase their products and services at AIMEX,…

Gold Fields committed to Gruyere despite offloading Gold Road stake

Gold Fields has sold 9.9 per cent of its share in Gold Road Resources as part of a debt reduction strategy. The South African company has capitalised on “significant gains” from its original investments in Gold Road in 2017 by selling the shares for $126.3 million. Gold Fields said the sale followed positive investor feedback on other recent disposals of a 19.9 per cent shareholding in Maverix Metals, which sold for $US68 million ($100.6 million), and a 19.9 per cent shareholding in Red 5, which sold for $29.6 million. It…

Havilah proposal with SIMEC hits hurdle

Havilah Resources has submitted an application to the takeovers panel claiming a co-founder and former director has been misleading shareholders. The claim relates to a $100 million funding proposal from GFG Alliance subsidiary SIMEC Mining and accuses former director Keith Johnson of deceiving shareholders prior to a general meeting scheduled for next month. Havilah claims that Johnson has 38.51 per cent of shares in Havilah through his control or influence of other shareholders. It also claims he has acquired 6.6 per cent of Havilah shares from another shareholder. The company…