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Coal miner awarded nearly $33m in insurance lawsuit

Coal miner Ramaco Resources was awarded a $32.7-million jury verdict in its lawsuit against insurance companies owned by Chubb. The claim arose from Chubb’s denial of insurance coverage of damages suffered by the company from the collapse of a coal storage silo at its...

BHP powers through with key commodity records

Western Australia Iron Ore. Image: BHP BHP has broken production records at the Goonyella Riverside metallurgical coal mine in Queensland and at its Western Australia Iron Ore (WAIO) sites after launching operations at South Flank in May. The company produced a record...

Quebec invests in gold developer Troilus

TSX-V-listed advanced stage exploration and development company Troilus Gold has closed a C$11.5-million private placement with the government of Quebec, through Investissement Québec (IQ). Quebec purchased an aggregate of 10.14-million units at a price of C$1.10 an...

Aeris hits Cracow production target

The Cracow gold mine. Image: Evolution Mining. Aeris Resources has achieved its production goal at the Cracow gold operations in Queensland in the first year since its acquisition of the site from Evolution Mining. The operations were bought from Evolution for around...

Altrad targets Asia Pacific with Valmec acquisition

French engineering company Altrad plans to take ownership of Valmec with ambitions to grow the ASX-listed contractor’s presence in the Asia-Pacific region following the acquisition. The scheme implementation deed will see Valmec valued at around $52 million, as Altrad...