International news within the industry of mining and metal, Jan, 18 2019
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Ramelius announces takeover offer for Explaurum

Photo: Ramelius Resources
Photo: Ramelius Resources
Published by
Simon Matthis - 12 Sep 2018

Ramelius Resources announces that it intends to make an off-market takeover bid (Offer) to acquire all of the ordinary shares of Explaurum Limited, a gold exploration and development company focussed on the Tampia Hill Project, located near Narembeen, 240km east of Perth in Western Australia.

Managing Director, Mark Zeptner, said of the Offer: “There is clear logic in the combination of Explaurum’s assets with Ramelius’ WA operations. After the successful acquisition of Edna May last year, Ramelius is focussed on building on its growth strategy to extend mine life and maximise the value of existing infrastructure in its portfolio. This compelling offer is the next step in that growth strategy and is expected to provide significant benefits to both Explaurum and Ramelius Shareholders.”

The Tampia Hill project is located 240km east of Perth and in proximity of Ramelius’ Edna May mine.

Since the completion of the first test shipments in July 2018, Rio Tinto increased the number of autonomous tours along the Groups iron ore lines in Western Australia in a controlled manner. Now, Rio Tintos trains have travelled over one million kilometres completely autonomously. Photo credit: Rio Tinto company
Since the completion of the first test shipments in July 2018, Rio Tinto increased the number of autonomous tours along the Groups iron ore lines in Western Australia in a controlled manner. Now, Rio Tintos trains have travelled over one million kilometres completely autonomously. Photo credit: Rio Tinto company

The world's first mining-related railway network for autonomous trains was opened

"improves productivity"

The mining company Rio Tinto's AutoHaul ™ program, which is expected to cost $ 940 million, is...