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(Image source: CIMIC Group) In total, the contracts will provide approximately $150 million in revenue for UGL across multiple years.

UGL unlocks $150m in contracts

CIMIC Group company UGL has been awarded several new contracts and contract extensions with existing WA clients: Alcoa (ASX: AAI), bp, Chevron and Woodside (ASX: WDX). UGL has been awarded a contract with Chevron Australia for construction services, supporting the installation of modules, equipment, structure, piping and electrical and instrumentation works. Additionally, UGL has received an 11-month contract extension for the supply of services to Alcoa’s mining and refining operations in WA for the continued management and execution of mechanical, electrical and access services for maintenance work. UGL has also received a two-year contract extension on the supply of maintenance, tank turn around and construction services to BP at the Kwinana Energy Hub. A one-year extension of a non-binding Framework…

Latitude66 set to drill high-potential gold targets at Edjudina

Latitude66 set to drill high-potential gold targets at Edjudina

Latitude 66 (ASX: LAT) has announced the planned commencement of a drilling program at its Edjudina Project, located in the Laverton region of WA. The planned drilling program will commence in March this year and consists of up to 9,000m of aircore and potentially follow up reverse circulation drilling to test multiple significant gold-in-soil surface anomalies. This follows from previous exploration works completed across the project area, which have shown substantial potential given their scale and proximity to known mineral occurrences and infrastructure. Latitude66 has also signed a drill for equity agreement with Raglan Drilling, allowing the company to complete up to 9,000m of drilling, with 25% of the cost payable through the issue of new shares under its available…

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Weld. Power. Cut. Heat.

Australian mining’s ultimate all-in-one welding powerhouse Vast distances, harsh environmental conditions, high stakes – these are just some of the challenges faced by Australian mining professionals every day. In remote mining sites, equipment failures demand rapid, reliable solutions – yet with limited access to stable power sources and support facilities, even basic repairs can become complex and costly. This highlights the need for versatile, self-sufficient equipment that can withstand Australia’s rugged terrain and keep mining operations running smoothly. And it’s in response to these requirements that Miller has developed the Big Blue 600X® Duo Air Pak™ 50Hz with ArcReach® Technology, an advanced engine-driven welder engineered to tackle some of the industry’s most challenging requirements. Designed to address critical site needs…

Northern Star doubles profit

Northern Star doubles profit

Northern Star Resources (ASX: NST) reports a record-breaking FY25 marked by high gold prices, steady production and the acquisition of De Grey Mining’s (ASX: DEG) Hemi development project. FY25 has seen several miners report record-breaking years, thanks largely to similarly remarkable gold prices. Gold has surged multiple times throughout the year, thanks in part to global uncertainty around aggressive tariffs driving investment into the industry. Northern Star has reported $6.4b in revenue, up 30% from FY24’s $4.9b, as well as an underlying net profit of over $1.4b after tax, which has more than doubled from last year. The miner has also reported a record group underlying free cash flow of $536m, with shareholders seeing fully franked dividends of 30c/share. Whilst…

Novecom - Large trucks transport gold ore from open cast mine. Barrick Cowal Gold Mine in New South Wales, Australia.

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The value of data for ESG success

Quantitative assessment of environmental, social and governance (ESG) initiatives provides robust and defensible data to support compliance, stakeholder engagement and business sustainability goals. Whatever your pathway to identifying, planning, and implementing your ESG initiatives, environmental monitoring data plays a key role in supporting your decision making. The saying “if you can’t manage it, you can’t measure it” has never been truer. Novecom Pty Ltd supports businesses in measuring their environmental performance and is a leader in compliance and operational environmental management solutions. Novecom’s innovative approach to environmental monitoring facilitates business operators knowing what their environmental impacts are in near real-time. Social licence to operate is something you earn No longer is maintaining compliance with regulatory instruments the indicator of good…

South32 announced on September 14, 2018 it had completed the acquisition of 50% interest in Eagle Downs and assumed operatorship.

Stanmore Resources to acquire 50% interest in Eagle Downs from South32

South32 (ASX: S32) has entered a binding agreement to divest its 50% interest in the Eagle Downs metallurgical coal project to Stanmore Resources Limited (ASX: SMR). The consideration for the transaction comprises $23m (US$15m) payable at completion, a contingent payment and a price-linked royalty. The other 50% interest in the project is held by Aquila Coal Pty Ltd, a subsidiary of China Baowu Steel Group Corporation Limited. Stanmore has signed a term sheet with Aquila, the Eagle Downs joint venture (JV) partner, in relation to acquiring a further 30% interest in the joint venture. Stanmore chief executive and executive director Marcelo Matos says the acquisition of Eagle Downs is consistent with Stanmore’s ambition to expand its footprint in Queensland’s premium…

Candonga project seeks sale or partner

Candonga project seeks sale or partner

By Rachel Dally-Watkins 28 April, 2015 IN response to the significant fall in iron ore prices, Centaurus Metals has announced it is unable to pursue standalone development of its Candonga project in southeast Brazil, and would instead pursue opportunities to sell or seek a joint venture partner. Centaurus reviewed the results of its 2014 feasibility study for the direct shipping ore project, confirming the technical and financial viability of the 300,000 tonne per annum project even with the significantly lower current iron ore prices. The review resulted in a 47 per cent reduction in direct pre-capital cost to $1.9 million and a reduction of total CAPEX to $2.7 million, and Centaurus stated it was confident the project was capable of…

(L-R) First Nation Engineering (FNE) chief executive Moses Panashe and FNE director Glen Weir.

First Nation Engineering celebrates first contract milestone

First Nation Engineering Pty Ltd (FNE) is celebrating the completion of its first contract, providing engineering design and procurement services to Northern Star Resources Ltd (ASX: NST) in relation to borefields expansions at Northern Star’s Thunderbox, Carosue Dam and KCGM Operations. FNE is a registered Supply Nation Indigenous business, an incorporated joint venture (JV) between a subsidiary of the Carey Group — Australia’s leading Aboriginal commercial enterprise, with over 27 years of project delivery excellence in the mining, civil and training industries — and CPC Engineering — which began in the Goldfields more than 50 years ago and now offers end-to-end mining and infrastructure services for clients State-wide. FNE is the first Indigenous company to offer comprehensive design, construction and…