Saracen Mineral Holdings has been forced to sweeten its offer for Bundarra Gold Project after Zeta Resources swept in last week and offered US$6.12 ($8.1) million in cash for the project’s owner Bligh Resources.
Resolute Mining boss John Welborn has put his money where his mouth is, snapping up shares in the gold miner after it released a bullish quarterly report yesterday.
Bad weather which caused flooding and port closures across Rio Tinto’s Pilbara network have caused only minimal disruption to production and shipping.
The mining boom has made some of WA’s resource centres stronger and better prepared but manufacturing areas are struggling with post-boom blues, a report has found.
Rio Tinto has declared its once-troubled driverless rail system is back on track, saying it expected the system would be fully operational by the end of 2018.