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Allegiance starts review as US mines under-perform

North America-focused coal miner Allegiance Coal on Tuesday flagged a strategic review of its portfolio management and ongoing liquidity requirements, given the performance of its operating mines in the US. The ASX-listed Allegiance told shareholders that the company...

Milestone roadheader rolled out in Australia

The one hundredth Sandvik MT720 produced goes to work on Transport for NSW’s M6 Stage 1 in Sydney with unique gold livery. The one hundredth MT720 roadheader to be produced by Sandvik has gone to work in Sydney for Transport for NSW, where it is helping to create a...

Arizona Lithium raises more cash

Lithium developer Arizona Lithium will raise A$12-million in a share placement to institutional and sophisticated investors to fund work at its Big Sandy lithium project, in the US. The company at the end of March announced plans to raise A$32.5-million in capital,...

BHP may reconsider investments in Chile

Global miner BHP Billiton is likely to reconsider its investment plans in Chile, the world’s No. 1 copper producer, if the government moves ahead with mining tax hikes, according to a report on Sunday. The company was quoted by El Mercurio newspaper as saying in...