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Closing Bell: ASX 200 down two consecutive days as small caps get pummelled

Closing Bell: ASX 200 down two consecutive days as small caps get pummelled
stockhead.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stockhead.com.au Daily Mail and Mail on Sunday newspapers.

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

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

Aeris Resource Ltd s JV partner commences drilling at Canbelego Copper Project

Aeris Resource Ltd s JV partner commences drilling at Canbelego Copper Project
proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.

Governance questions gush from drilling bill spat

Governance questions gush from drilling bill spat Share 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.

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