Monthly Archives: January 2018

09 Jan

Gupta to buy Glencore’s Tahmoor coal mine

Fresh off his company’s acquisition of the Whyalla steelworks last year, British billionaire Sanjeev Gupta will buy the Tahmoor mine off commodities giant Glencore, to supply the steelworks with coking coal. Gupta entered the public eye in Australia when he spent almost $700 million to rescue embattled steel business Arrium from bankruptcy last year, buying

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09 Jan

McGowan defends rejected Mineral Resources expansion

WA Premier Mark McGowan has defended a decision to block the expansion of Mineral Resources’ mining operation at Yilgarn, despite the miner’s announcement roughly 400 jobs will be lost. Mineral Resources, an ASX-listed miner, wants to expand its Yilgarn iron ore project via two new project areas, in a move that would add 15 years

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