Contracting giant CIMIC has lobbed a takeover bid for Macmahon Holdings, offering 14.5¢ a share to mop up the 80 per cent of the company it does not already own.
WA nickel producer Western Areas says it is adopting a wait-and-see approach to the impact of Indonesia’s decision to relax bans on the export of low-grade ore, in the wake of a solid December quarter production result.
Breaker Resources says the latest drilling results from its Lake Roe gold project underscore the significance of the high-grade discovery.
Shares in Emeco surged after the company announced improved performance in the December quarter and hinted at early signs of a recovery in its core mining market.
Sandfire Resources is set to fully pay off the $380 million in debt it took on to fund the development of its DeGrussa copper-gold project back in 2011.