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Driller takes $5m haircut to end gold spat with Rowsthorn contractor


Driller takes $5m haircut to end gold spat with Rowsthorn contractor
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Drilling outfit Mitchell Services has agreed to an almost 50 per cent haircut on an outstanding $10 million gold bill it says was owed by a Mark Rowsthorn-backed mining contractor.
The 96-rig drilling outfit said on Tuesday it had reached a settlement with SMS Innovative Mining after a dispute erupted  this year. Mitchell had claimed it was owed money; SMS had argued that the drilling work on a gold mine had been problematic.
Nathan Mitchell of Mitchell Services was also a director of Adaman until February this year. 
Glenn Hunt ....

Western Australia , Daniel Sweeney , Barry Wight , Nathan Mitchell , Jeremy Nipps , Simon Raftery , Mitchell Services , Mitchell Group Holdings , Toll Holdings , Victorian Supreme Court , Adaman Group , Australian Financial Review , Cor Cordis , Adaman Resources , Federal Court , மேற்கு ஆஸ்திரேலியா , டேனியல் ஸ்வீனி , பாரி வைட் , நாதன் மிட்செல் , சிமோன் ராஃப்டரி , மிட்செல் சேவைகள் , மிட்செல் குழு ஹோல்டிங்ஸ் , சுங்கவரி ஹோல்டிங்ஸ் , விக்டோரியன் உச்ச நீதிமன்றம் , ஆஸ்திரேலிய நிதி விமர்சனம் , கோர் கோர்டிஸ் ,

Bids land for Downer's $200m mining services arm


Bids land for Downer’s $200m mining services arm
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Downer Group has received offers for its up-for-sale Open Cut Mining East arm. 
Street Talk understands bids for the $3.8 billion company’s Open Cut Mining East division have started flowing in, with offers around the $200 million mark.
The Macquarie Capital-run auction is understood to be shaping as a three-horse race between Mark Rowsthorn’s Rivet Group, Indian player AvidSys and Indonesian mining contractor Buma.
Sources reckoned the international players had their noses in front, however Rivet hasn’t given up and would be pitching its Australian credentials to Open Cut Mining East’s customers. ....

Spotless Group , Mineral Resources , Adaman Resources , Open Cut Mining East , Open Cut Mining West , Maca Limited , Byrnecut Australia , Bridgestone Corporation , Spotless Laundries , களங்கமற்ற குழு , தாது வளங்கள் , மக்கா வரையறுக்கப்பட்டவை , பிரிட்ஜ்ஸ்டோன் நிறுவனம் , களங்கமற்ற சலவை ,

Governance questions gush from drilling bill spat


Governance questions gush from drilling bill spat
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Disaster can strike in many ways when drilling hundreds of metres down for minerals and metals such as gold or coal.
A man can suffer serious spinal injuries when a 270-kilogram drill rod falls on him, oil can spray over hot exhaust when a rig hydraulic line ruptures, a worker can lose his arm when his jacket entangles in rotating rods.
Nathan Mitchell with a rig during the boom times in 2009.  
Glenn Hunt
There is even a 68-page code of practice published by Western Australia’s Department of Mines and Petroleum outlining ways to prevent such historical horrors. ....

Western Australia , Daniel Sweeney , Craig Bradshaw , Cole Bennetts , Peter Mitchell , Nathan Mitchell , Tom Sartor , Mark Rowsthorn , Mitchell Services , Mitchell Group Holdings , Mitchell Service , Mitchell Group , Victorian Supreme Court , Mitchell Drilling , Adaman Resources , Australian Financial Review , மேற்கு ஆஸ்திரேலியா , டேனியல் ஸ்வீனி , கிரேக் பிராட்ஷா , கோல் பென்னெட்ஸ் , பீட்டர் மிட்செல் , நாதன் மிட்செல் , டோம் சர்த்தோர் , மிட்செல் சேவைகள் , மிட்செல் குழு ஹோல்டிங்ஸ் , மிட்செல் சேவை ,