Macmahon advances Batu Hijau agreement

Macmahon is set to become mine services contractor for PT Amman Mineral Nusa Tenggara (AMNT) at its Batu Hijau Copper-Gold Project in Indonesia. Macmahon has signed binding documentation involving it acquiring assets from AMNT, which would become a major shareholder in the contractor.

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Oracle encouraged by nearby power plant

Oracle Coalfields is encouraged that a neighbouring coal-fired power station project in Pakistan has reached financial close. Oracle plans to build a coal-fired power station at Block VI in Thar Province.

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Seafloor mining equipment arrives in China

The Launch and Recovery System (LARS) equipment to be used in Nautilus Minerals’ proposed seafloor mining project in Papua New Guinea has arrived at the Mawei shipyard in China. The LARS consists of very large A-frames, winches and ancillary equipment.

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Asiamet completes sale of Jelai project

After receiving the outstanding consideration of US$700,000, Asiamet Resources has completed the sale of its Jelai IUP in Indonesia to Ship Ocean Lte for US$800,000. The IUP is being converted from an IUP Exploration to an IUP Production.

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