A foreign-owned mining company will completely stop production because it is losing too much money. First Quantum Minerals recently confirmed it would shut down its struggling Ravensthorpe nickel...
Tag - shut down
Severe weather will suspend a North Australian resources operation for almost a year. Tropical Cyclone Megan’s 200km/h winds and 681mm of rainfall is likely to delay production at Groote...
A struggling mineral processor collapsed after losing more than $23.5 million. Elmore recently appointed KPMG restructuring director Clint Joseph as well as turnaround partners Matthew Woods and...
A struggling mining company is unlikely to be penalised after large volumes of product became scattered across a nearby town. Authorities recently revealed they would not fine Wollongong Resources...
A mining boss will receive a major pay rise for performing higher duties. Doug Warden will be paid an extra $240,000 a year for acting as Core Lithium’s chief executive officer (CEO). The...
One of the world’s largest resources companies estimates that as many as one in two mineral operations are unprofitable. BHP recently revealed a major drop in commodity prices will...
A global mineral producer will suspend work at an operation because it is not making enough money. Glencore recently confirmed it would transition its Koniambo Nickel SAS (KNS) mine into care and...
A mining giant could pause production across an entire division. BHP is deciding whether to place multiple operations into care and maintenance due to the recent drop in commodity prices...
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...
Management has been accused of leaving mine employees in limbo. Wollongong Resources recently axed up to 200 people, allegedly without guaranteeing they will be reskilled and redeployed...
